The stock of Capstar Financial Holdings Inc (NASDAQ:CSTR) reached all time high today, Nov, 22 and still has $19.69 target or 7.00% above today’s $18.40 share price. This indicates more upside for the $205.95 million company. This technical setup was reported by Barchart.com. If the $19.69 PT is reached, the company will be worth $14.42 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 22,321 shares traded hands. Capstar Financial Holdings Inc (NASDAQ:CSTR) has risen 6.00% since October 23, 2016 and is uptrending. It has outperformed by 1.44% the S&P500.
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 Prnewswire.com with their article: “CapStar Financial Holdings, Inc. Approved by Regulators” published on February 09, 2016, 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: Marketwatch.com and their article: “CapStar Financial started at outperform with $20 stock price target at Raymond …” published on December 22, 2009 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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