Notable Price Action: Could Capstar Financial Holdings Inc See a Reversal After Breaking Its 52-Week High?

Notable Price Action: Could Capstar Financial Holdings Inc See a Reversal After Breaking Its 52 Week High?

The stock of Capstar Financial Holdings Inc (NASDAQ:CSTR) hit a new 52-week high and has $20.88 target or 5.00% above today’s $19.89 share price. The 6 months bullish chart indicates low risk for the $223.89 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $20.88 price target is reached, the company will be worth $11.19 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 27,846 shares traded hands or 11.86% up from the average. Capstar Financial Holdings Inc (NASDAQ:CSTR) has risen 6.00% since November 1, 2016 and is uptrending. It has outperformed by 0.07% the S&P500.

Analysts await Capstar Financial Holdings Inc (NASDAQ:CSTR) to report earnings on January, 26. CSTR’s profit will be $2.48 million for 22.60 P/E if the $0.22 EPS becomes a reality. After $0.20 actual earnings per share reported by Capstar Financial Holdings Inc for the previous quarter, Wall Street now forecasts 10.00% EPS growth.

According to Zacks Investment Research, “CapStar Financial Holdings, Inc. is a bank holding company. It operates primarily through its wholly owned subsidiary, CapStar Bank. The Company offers baking products and services which include savings accounts, debit and credit cards, personal and business loans, mortgages, line of credit, wealth management and online banking. CapStar Financial Holdings, Inc. is headquartered in Nashville, Tennessee.”

More notable recent Capstar Financial Holdings Inc (NASDAQ:CSTR) news were published by: Prnewswire.com which released: “CapStar Financial Holdings, Inc. Announces Third Quarter 2016 Results” on October 27, 2016, also Marketwatch.com with their article: “CapStar Financial started at outperform with $20 stock price target at Raymond …” published on December 22, 2009, Seekingalpha.com published: “IPO Preview: CapStar Financial Holdings, Inc.” on September 20, 2016. More interesting news about Capstar Financial Holdings Inc (NASDAQ:CSTR) were released by: Prnewswire.com and their article: “CapStar Financial Holdings, Inc. Approved by Regulators” published on February 09, 2016 as well as Globenewswire.com‘s news article titled: “CapStar Financial Holdings, Inc. (Nasdaq: CSTR) to Ring The Nasdaq Stock …” with publication date: September 22, 2016.

CSTR Company Profile

CapStar Financial Holdings, Inc. is a bank holding company. The Firm operates primarily through its subsidiary, CapStar Bank. CapStar Bank is a commercial bank. The Company’s lines of business include commercial and industrial, commercial real estate, healthcare, correspondent banking, personal and private banking and wealth management, and mortgage banking. The Company’s services and products include commercial and industrial loans to small and medium sized businesses, with a particular focus on businesses operating in the healthcare industry; commercial real estate loans; private banking and wealth management services for the owners and operators of business clients and other high net worth individuals, and correspondent banking services. As of June 30, 2016, the Company had seven locations, five of which are retail bank branches and two of which are mortgage origination offices.

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