Duyuru • Apr 13
CapStar Financial Holdings Files Form 15 CapStar Financial Holdings, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $1.00 per share. Duyuru • Apr 03
CapStar Financial Holdings No Longer Fulfills the Listing Requirements of the Nasdaq Global Select Market, as a Result of the Merger This Current Report on Form 8-K is being filed by Old National Bancorp (‘Old National’), successor by merger to CapStar Financial Holdings, Inc. (‘CapStar’) in connection with the closing of the transactions contemplated by that certain Agreement and Plan of Merger (the ‘Merger Agreement’), by and between CapStar and Old National. Effective as of the Closing Date on April 1, 2024 (the ‘Closing Date’), CapStar completed its previously announced transaction with Old National (the ‘Closing’). Pursuant to the Merger Agreement, on the Closing Date, CapStar merged with and into Old National, with Old National continuing as the surviving entity (the ‘Merger’). Immediately following the Merger, CapStar’s wholly owned subsidiary, CapStar Bank, a state bank chartered under the laws of the State of Tennessee, merged with and into Old National’s wholly-owned subsidiary, Old National Bank, a national banking association (the ‘Bank Merger’), with Old National Bank as the surviving bank in the Bank Merger. As a result of the Merger, CapStar no longer fulfills the listing requirements of the Nasdaq Global Select Market (‘Nasdaq’). Prior to the Closing Date, CapStar notified Nasdaq of the closing of the Merger and requested that Nasdaq (i) suspend trading of CapStar Common Stock prior to the opening of trading in April 1, 2024, (ii) withdraw CapStar Common Stock from listing on Nasdaq and (iii) file with the SEC a notification on Form 25 of delisting of CapStar Common Stock under Section 12(b) of the Securities Exchange Act of 1934, as amended (the ‘Exchange Act’). As a result, CapStar Common Stock is no longer listed on Nasdaq. Additionally, Old National, as successor to CapStar, intends to file with the SEC as promptly as possible a certification on Form 15 requesting the termination of registration of CapStar Common Stock under Section 12(g) of the Exchange Act and the suspension of CapStar's reporting obligations under Sections 13 and 15(d) of the Exchange Act. Reported Earnings • Mar 13
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: US$1.41 (down from US$1.77 in FY 2022). Revenue: US$111.2m (down 5.9% from FY 2022). Net income: US$29.8m (down 24% from FY 2022). Profit margin: 27% (down from 33% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 1.4%. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Declared Dividend • Feb 01
Third quarter dividend of US$0.11 announced Shareholders will receive a dividend of US$0.11. Ex-date: 6th February 2024 Payment date: 21st February 2024 Dividend yield will be 2.4%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 18% per year over the past 6 years and payments have been stable during that time. EPS is expected to decline by 21% over the next 2 years. However, it would need to fall by 70% to increase the payout ratio to a potentially unsustainable range. Price Target Changed • Jan 10
Price target increased by 18% to US$18.50 Up from US$15.70, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of US$18.62. The company is forecast to post earnings per share of US$1.41 for next year compared to US$1.77 last year. Duyuru • Jan 06
Alison L. Jefferson, Controller and Principal Accounting Officer of CapStar Financial Holdings, Inc. Goes on Maternity Leave On January 2, 2024, Alison L. Jefferson, controller and principal accounting officer of CapStar Financial Holdings, Inc. began a maternity leave. During Ms. Jefferson’s leave, her duties and responsibilities will be divided among and assumed by other members of the Company’s accounting and finance staff (including additional consulting resources) under the supervision of the Company’s Chief Executive Officer, Timothy K. Schools, and Chief Financial Officer, Michael J. Fowler. Ms. Jefferson is expected to resume her full-time activities in March 2024. Duyuru • Oct 28
Capstar Financial Holdings, Inc. Approves Quarterly Dividend, Payable on November 22, 2023 On October 25, 2023, CapStar Financial Holdings, Inc. approved a quarterly dividend of $0.11 per common share payable on November 22, 2023 to shareholders of record of CapStar’s common stock as of the close of business on November 8, 2023. Duyuru • Oct 27
Old National Bancorp (NasdaqGS:ONB) entered into a definitive merger agreement to acquire CapStar Financial Holdings, Inc. (NasdaqGS:CSTR). Old National Bancorp (NasdaqGS:ONB) entered into a definitive merger agreement to acquire CapStar Financial Holdings, Inc. (NasdaqGS:CSTR) on October 26, 2023. Under the terms of the merger agreement, each outstanding share of CapStar common stock will be converted into the right to receive 1.155 shares of Old National common stock.
The transaction is subject to regulatory approval and the vote of CapStar shareholders. The definitive merger agreement has been approved by the Board of Directors of each company. The transaction is anticipated to close in the second quarter of 2024. Keefe, Bruyette & Woods, A Stifel Company , served as financial advisor and Dykema Gossett, PLLC acted as legal advisor to Old National. Morgan Stanley & Co. LLC served as financial advisor and Wachtell, Lipton, Rosen & Katz acted as legal advisor to CapStar. Duyuru • Oct 05
CapStar Financial Holdings, Inc. to Report Q3, 2023 Results on Oct 26, 2023 CapStar Financial Holdings, Inc. announced that they will report Q3, 2023 results on Oct 26, 2023 Upcoming Dividend • Aug 01
Upcoming dividend of US$0.11 per share at 3.0% yield Eligible shareholders must have bought the stock before 08 August 2023. Payment date: 23 August 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (3.4%). Duyuru • Jul 23
CapStar Financial Holdings, Inc. Approves Quarterly Dividend, Payable on August 23, 2023 On July 19, 2023, the Board of Directors of the CapStar Financial Holdings, Inc. approved a quarterly dividend of $0.11 per common share payable on August 23, 2023 to shareholders of record of CapStar’s common stock as of the close of business on August 9, 2023. Reported Earnings • Jul 21
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: US$0.37 (down from US$0.45 in 2Q 2022). Revenue: US$28.8m (down 2.4% from 2Q 2022). Net income: US$7.80m (down 22% from 2Q 2022). Profit margin: 27% (down from 34% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 5.1%. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 8% per year. Duyuru • Jul 07
CapStar Financial Holdings, Inc. to Report Q2, 2023 Results on Jul 20, 2023 CapStar Financial Holdings, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Jul 20, 2023 Duyuru • May 27
CapStar Financial Holdings, Inc. Appoints Ali Jefferson as Controller and Principal Accounting Officer On May 26, 2023, CapStar Financial Holdings, Inc. announced the appointment of Ms. Ali Jefferson, age 35, as Controller and Principal Accounting Officer. Ms. Jefferson has served as Assistant Controller since joining the Company in late 2022. Prior to joining the Company, she acted as SEC Financial Reporting Manager with Sterling Bank and Trust, and previously served as Chief Accounting Officer and Controller with Reliant Bank. Ms. Jeffersons previous experience includes over 8 years in public accounting, most recently as an audit manager with EY as well as roles with Dixon Hughes Goodman and Horne LLP where she focused on serving publicly traded financial institutions. Ms. Jefferson is a graduate of Eastern Illinois University with a Master of Accountancy from University of Tennessee and is a certified public accountant licensed in the state of Tennessee. Ms. Jefferson does not have any family relationships with any director, executive officer, or person nominatedto become a director or executive officer of the Company and there are no arrangements or understandings between Ms. Jefferson and any other person pursuant to which Ms. Jefferson was appointed as Principal Accounting Officer of the Company. There are no transactions in which Ms. Jefferson had or will have an interest thatwould be required to be disclosed pursuant to Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934. Duyuru • May 26
CapStar Financial Holdings, Inc. (NasdaqGS:CSTR) announces an Equity Buyback for $20 million worth of its shares. CapStar Financial Holdings, Inc. (NasdaqGS:CSTR) announces a share repurchase program. Under the program, the company will repurchase up to $20 million worth of its outstanding common stock. The Plan will terminate on January 31, 2024. Duyuru • May 13
CapStar Financial Holdings, Inc. Announces Executive Changes Mr. Jeffrey L. Moody, the Controller and Principal Accounting Officer of CapStar Financial Holdings, Inc. and CapStar Bank notified the Company of his decision to resign effective May 26, 2023. Effective May 12, 2023, the Company announced the appointment of Ms. Ali Jefferson, age 35, as interim Controller and Principal Accounting Officer. Ms. Jefferson has served as Assistant Controller since joining the Company in late 2022. Prior to joining the Company, she acted as SEC Financial Reporting Manager with Sterling Bank and Trust, and previously served as Chief Accounting Officer and Controller with Reliant Bank. Ms. Jefferson’s previous experience includes over 8 years in public accounting, most recently as an audit manager with EY as well as roles with Dixon Hughes Goodman and Horne LLP where she focused on serving publicly traded financial institutions. Ms. Jefferson is a graduate of Eastern Illinois University with a Master of Accountancy from University of Tennessee and is a certified public accountant licensed in the state of Tennessee. Recent Insider Transactions • May 04
Insider recently bought US$67k worth of stock On the 1st of May, William DeLay bought around 5k shares on-market at roughly US$13.37 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth US$140k. Insiders have collectively bought US$231k more in shares than they have sold in the last 12 months. Upcoming Dividend • May 02
Upcoming dividend of US$0.11 per share at 3.4% yield Eligible shareholders must have bought the stock before 09 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of American dividend payers (4.9%). In line with average of industry peers (3.6%). Major Estimate Revision • Apr 28
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$126.3m to US$119.5m. EPS estimate also fell from US$1.63 per share to US$1.39 per share. Net income forecast to shrink 13% next year vs 3.5% decline forecast for Banks industry in the US. Consensus price target down from US$17.58 to US$16.08. Share price fell 11% to US$13.09 over the past week. Price Target Changed • Apr 25
Price target decreased by 7.1% to US$16.33 Down from US$17.58, the current price target is an average from 6 analysts. New target price is 21% above last closing price of US$13.45. Stock is down 36% over the past year. The company is forecast to post earnings per share of US$1.51 for next year compared to US$1.77 last year. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$13.83, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Banks industry in the US. Total returns to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$22.02 per share. Price Target Changed • Feb 14
Price target decreased by 7.9% to US$18.50 Down from US$20.08, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of US$17.64. Stock is down 17% over the past year. The company is forecast to post earnings per share of US$1.68 for next year compared to US$1.77 last year. Duyuru • Jan 04
CapStar Financial Holdings, Inc. to Report Q4, 2022 Results on Jan 19, 2023 CapStar Financial Holdings, Inc. announced that they will report Q4, 2022 results After-Market on Jan 19, 2023 Duyuru • Nov 15
CapStar Financial Holdings, Inc. announced delayed 10-Q filing On 11/14/2022, CapStar Financial Holdings, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Nov 05
CapStar Financial Holdings, Inc Announces Executive Changes October 28, 2022, CapStar Financial Holdings, Inc. announced that John A. Davis, Chief Operations and Technology Officer resigned. The effective date of the resignation will be November 11, 2022. On October 31, 2022, the Company appointed Kenneth E. Webb as the Company’s Interim EVP of Bank Operations. Mr. Webb was one of the original management team members that founded the company in 2007 and initially served as Chief Development Officer and most recently as Middle Tennessee Market Chairman. Mr. Webb is an experienced executive with over 46 years of banking experience. Mr. Webb is a graduate of Middle Tennessee State University. Upcoming Dividend • Nov 01
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 08 November 2022. Payment date: 23 November 2022. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (3.0%). Price Target Changed • Oct 25
Price target decreased to US$20.42 Down from US$24.00, the current price target is an average from 6 analysts. New target price is 30% above last closing price of US$15.75. Stock is down 30% over the past year. The company is forecast to post earnings per share of US$1.79 for next year compared to US$2.20 last year. Reported Earnings • Oct 22
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: US$0.37 (down from US$0.59 in 3Q 2021). Revenue: US$28.0m (down 19% from 3Q 2021). Net income: US$8.19m (down 38% from 3Q 2021). Profit margin: 29% (down from 38% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 21
Capstar Financial Holdings, Inc. Approves Quarterly Dividend, Payable on November 23, 2022 CapStar Financial Holdings, Inc. approved a quarterly dividend of $0.10 per common share payable on November 23, 2022 to shareholders of record of CapStar’s common stock as of the close of business on November 9, 2022. Duyuru • Oct 08
CapStar Financial Holdings, Inc. to Report Q3, 2022 Results on Oct 20, 2022 CapStar Financial Holdings, Inc. announced that they will report Q3, 2022 results After-Market on Oct 20, 2022 Upcoming Dividend • Aug 02
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 09 August 2022. Payment date: 24 August 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (4.1%). Lower than average of industry peers (3.1%). Reported Earnings • Jul 22
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: US$0.45 (down from US$0.55 in 2Q 2021). Revenue: US$29.5m (down 13% from 2Q 2021). Net income: US$9.97m (down 17% from 2Q 2021). Profit margin: 34% (down from 36% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 3.2%, compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 06
CapStar Financial Holdings, Inc. to Report Q2, 2022 Results on Jul 21, 2022 CapStar Financial Holdings, Inc. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Jul 21, 2022 Upcoming Dividend • May 03
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 10 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of American dividend payers (3.9%). Lower than average of industry peers (2.9%). Reported Earnings • Apr 27
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: US$0.48 (down from US$0.50 in 1Q 2021). Revenue: US$31.0m (down 1.7% from 1Q 2021). Net income: US$10.7m (down 3.2% from 1Q 2021). Profit margin: 34% (in line with 1Q 2021). Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) exceeded analyst estimates by 7.9%. Over the next year, revenue is expected to shrink by 3.6% compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 13
CapStar Financial Holdings, Inc. to Report Q1, 2022 Results on Apr 21, 2022 CapStar Financial Holdings, Inc. announced that they will report Q1, 2022 results After-Market on Apr 21, 2022 Reported Earnings • Mar 10
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: US$2.20 (up from US$1.23 in FY 2020). Revenue: US$134.9m (up 25% from FY 2020). Net income: US$48.7m (up 97% from FY 2020). Profit margin: 36% (up from 23% in FY 2020). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.16% (up from 3.10% in FY 2020). Cost-to-income ratio: 54.9% (down from 64.7% in FY 2020). Non-performing loans: 0.17% (down from 0.26% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.1%. Over the next year, revenue is expected to shrink by 3.2% compared to a 6.5% growth forecast for the banks industry in the US. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Duyuru • Mar 04
CapStar Financial Holdings, Inc. Appoints Jeffrey L. Moody as Principal Accounting Officer On February 25, 2022, CapStar Financial Holdings, Inc. appointed Jeffrey L. Moody, as the Company’s Principal Accounting Officer. Mr. Moody joined the company in 2019 and has served as the Company's Controller since 2020. Mr. Moody is an experienced financial executive with over 14 years of financial institution accounting experience, serving most recently as Business Unit Controller - Global Subsidiaries at Silicon Valley Bank from 2013 to 2019. Reported Earnings • Jan 30
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: US$2.20 (up from US$1.23 in FY 2020). Revenue: US$134.9m (up 25% from FY 2020). Net income: US$48.7m (up 97% from FY 2020). Profit margin: 36% (up from 23% in FY 2020). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.16% (up from 3.10% in FY 2020). Cost-to-income ratio: 54.7% (down from 64.7% in FY 2020). Non-performing loans: 0.17% (down from 0.25% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.1%. Over the next year, revenue is forecast to stay flat compared to a 4.1% growth forecast for the banks industry in the US. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 02
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 09 November 2021. Payment date: 24 November 2021. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (3.5%). Lower than average of industry peers (2.2%). Reported Earnings • Oct 22
Third quarter 2021 earnings released: EPS US$0.59 (vs US$0.34 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$34.6m (up 7.0% from 3Q 2020). Net income: US$13.1m (up 75% from 3Q 2020). Profit margin: 38% (up from 23% in 3Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jul 30
Chief Financial Officer recently bought US$168k worth of stock On the 27th of July, Denis Duncan bought around 8k shares on-market at roughly US$21.00 per share. In the last 3 months, they made an even bigger purchase worth US$204k. Denis has been a buyer over the last 12 months, purchasing a net total of US$1.1m worth in shares. Price Target Changed • Jul 29
Price target increased to US$23.40 Up from US$21.80, the current price target is an average from 5 analysts. New target price is 10% above last closing price of US$21.24. Stock is up 98% over the past year. Price Target Changed • Jul 28
Price target increased to US$22.60 Up from US$20.60, the current price target is an average from 5 analysts. New target price is 7.5% above last closing price of US$21.02. Stock is up 102% over the past year. Duyuru • Jul 25
Capstar Financial Holdings, Inc. Reports Unaudited Net Charge-Offs for the Second Quarter Ended June 30, 2021 Capstar Financial Holdings, Inc. reported unaudited net charge-offs for the second quarter ended June 30, 2021. For the quarter, the company reported net charge-offs of $59,000 against $703,000 a year ago. Reported Earnings • Jul 24
Second quarter 2021 earnings released: EPS US$0.55 (vs US$0.34 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$34.0m (up 26% from 2Q 2020). Net income: US$12.1m (up 95% from 2Q 2020). Profit margin: 36% (up from 23% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 16
Chief Financial Officer recently bought US$204k worth of stock On the 14th of June, Denis Duncan bought around 10k shares on-market at roughly US$21.13 per share. In the last 3 months, they made an even bigger purchase worth US$380k. Denis has been a buyer over the last 12 months, purchasing a net total of US$884k worth in shares. Executive Departure • Jun 01
Founding President & CEO Emerita Claire Tucker has left the company On the 31st of May, Claire Tucker, was replaced as CEO by Timothy Schools. We don't have any record of a personal shareholding under Claire's name. A total of 4 executives have left over the last 12 months. Upcoming Dividend • May 04
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 11 May 2021. Payment date: 26 May 2021. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (3.4%). Lower than average of industry peers (2.2%). Recent Insider Transactions • May 01
Chief Financial Officer recently bought US$380k worth of stock On the 28th of April, Denis Duncan bought around 20k shares on-market at roughly US$18.98 per share. This was the largest purchase by an insider in the last 3 months. Denis has been a buyer over the last 12 months, purchasing a net total of US$680k worth in shares. Major Estimate Revision • Apr 29
Consensus EPS estimates increase to US$2.01 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from US$128.3m to US$132.0m. EPS estimate increased from US$1.68 to US$2.01 per share. Net income forecast to grow 24% next year vs 8.2% growth forecast for Banks industry in the US. Consensus price target up from US$19.20 to US$20.60. Share price rose 7.2% to US$19.01 over the past week. Price Target Changed • Apr 28
Price target increased to US$20.60 Up from US$19.20, the current price target is an average from 5 analysts. New target price is 11% above last closing price of US$18.53. Stock is up 74% over the past year. Executive Departure • Apr 27
Independent Vice Chairman Dale Polley has left the company On the 24th of April, Dale Polley's tenure as Independent Vice Chairman ended after 4.0 years in the role. We don't have any record of a personal shareholding under Dale's name. A total of 3 executives have left over the last 12 months. Executive Departure • Apr 27
Vice Chairman of the Board Jeffrey Cunningham has left the company On the 24th of April, Jeffrey Cunningham's tenure as Vice Chairman of the Board ended after 2.5 years in the role. We don't have any record of a personal shareholding under Jeffrey's name. A total of 3 executives have left over the last 12 months. Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS US$0.50 (vs US$0.073 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$31.5m (up 111% from 1Q 2020). Net income: US$11.0m (up US$9.68m from 1Q 2020). Profit margin: 35% (up from 9.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Price Target Changed • Mar 23
Price target increased to US$17.80 Up from US$16.00, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of US$17.63. Stock is up 100% over the past year. Reported Earnings • Mar 08
Full year 2020 earnings released: EPS US$1.23 (vs US$1.25 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: US$108.1m (up 18% from FY 2019). Net income: US$24.7m (up 10% from FY 2019). Profit margin: 23% (down from 25% in FY 2019). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.10% (down from 3.64% in FY 2019). Cost-to-income ratio: 64.7% (down from 67.4% in FY 2019). Non-performing loans: 0.25% (up from 0.10% in FY 2019). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Mar 08
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.1%. Over the next year, revenue is forecast to grow 19%, compared to a 18% growth forecast for the Banks industry in the US. Is New 90 Day High Low • Feb 25
New 90-day high: US$16.26 The company is up 23% from its price of US$13.22 on 25 November 2020. The American market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$18.47 per share. Major Estimate Revision • Feb 04
Analysts increase EPS estimates to US$1.61 The 2021 consensus revenue estimate increased from US$123.0m to US$128.7m. The earnings per share estimate also received an upgrade from US$1.38 to US$1.61 for the same period. Net income is expected to grow by 42% next year compared to 15% growth forecast for the Banks industry in the US. The consensus price target increased from US$13.88 to US$16.00. Share price is up 8.4% to US$15.05 over the past week. Price Target Changed • Feb 02
Price target raised to US$16.00 Up from US$13.88, the current price target is an average from 4 analysts. The new target price is 8.0% above the current share price of US$14.82. As of last close, the stock is down 2.2% over the past year. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.1%. Over the next year, revenue is forecast to grow 14%, compared to a 17% growth forecast for the Banks industry in the US. Reported Earnings • Jan 30
Full year 2020 earnings released: EPS US$1.23 (vs US$1.25 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: US$108.1m (up 18% from FY 2019). Net income: US$24.7m (up 10% from FY 2019). Profit margin: 23% (down from 25% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Duyuru • Jan 28
Capstar Financial Holdings, Inc.(NasdaqGS:CSTR) dropped from Russell 2000 Dynamic Index Capstar Financial Holdings, Inc.(NasdaqGS:CSTR) dropped from Russell 2000 Dynamic Index Is New 90 Day High Low • Jan 07
New 90-day high: US$15.74 The company is up 45% from its price of US$10.83 on 08 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$16.62 per share.