CapStar Financial Holdings, Inc. (NASDAQ:CSTR) Plans Dividend Increase – $0.11 Per Share

CapStar Financial Holdings, Inc. (NASDAQ:CSTRGet Free Report) declared a dividend on Wednesday, January 31st, investing.com reports. Stockholders of record on Wednesday, February 7th will be given a dividend of 0.11 per share by the bank on Wednesday, February 21st. This represents a dividend yield of 2.29%. The ex-dividend date is Tuesday, February 6th. This is an increase from CapStar Financial’s previous dividend of $0.04.

CapStar Financial has raised its dividend payment by an average of 29.1% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. CapStar Financial has a payout ratio of 35.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect CapStar Financial to earn $1.32 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 33.3%.

CapStar Financial Price Performance

NASDAQ CSTR opened at $18.90 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 0.95. The firm’s 50 day moving average price is $18.12 and its 200-day moving average price is $15.76. CapStar Financial has a 52-week low of $11.22 and a 52-week high of $19.47. The company has a market cap of $391.42 million, a PE ratio of 12.04 and a beta of 0.80.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of CapStar Financial in a research note on Thursday, January 25th. They set a “hold” rating on the stock.

Check Out Our Latest Research Report on CSTR

Hedge Funds Weigh In On CapStar Financial

A number of hedge funds and other institutional investors have recently modified their holdings of CSTR. Tower Research Capital LLC TRC boosted its stake in CapStar Financial by 156.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,113 shares of the bank’s stock valued at $26,000 after acquiring an additional 1,288 shares in the last quarter. Citigroup Inc. boosted its stake in CapStar Financial by 41,800.0% in the second quarter. Citigroup Inc. now owns 5,866 shares of the bank’s stock valued at $72,000 after acquiring an additional 5,852 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in CapStar Financial by 49.5% in the second quarter. BNP Paribas Arbitrage SA now owns 5,065 shares of the bank’s stock valued at $99,000 after acquiring an additional 1,678 shares in the last quarter. BNP Paribas Arbitrage SNC boosted its stake in CapStar Financial by 20.9% in the third quarter. BNP Paribas Arbitrage SNC now owns 6,122 shares of the bank’s stock valued at $113,000 after acquiring an additional 1,057 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in CapStar Financial by 84.1% in the second quarter. Wells Fargo & Company MN now owns 9,753 shares of the bank’s stock valued at $120,000 after acquiring an additional 4,454 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

CapStar Financial Company Profile

(Get Free Report)

CapStar Financial Holdings, Inc operates as the bank holding company for CapStar Bank that provides banking services to consumer and corporate customers located primarily in Tennessee, the United States. It offers noninterest-bearing demand deposits, interest-bearing transaction accounts, money market accounts, savings accounts, and time deposits; and mortgage banking products, as well as wealth management and treasury management services.

Further Reading

Dividend History for CapStar Financial (NASDAQ:CSTR)

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