Investar Holding Corp (NASDAQ:ISTR) Director Andrew C. Nelson acquired 1,000 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was bought at an average cost of $23.29 per share, for a total transaction of $23,290.00. Following the completion of the transaction, the director now directly owns 99,465 shares of the company’s stock, valued at $2,316,539.85. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of NASDAQ ISTR opened at $23.18 on Friday. Investar Holding Corp has a 1 year low of $19.49 and a 1 year high of $29.90. The stock has a market cap of $236.01 million, a PE ratio of 14.13 and a beta of 0.21. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.03 and a current ratio of 1.03.
Investar (NASDAQ:ISTR) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.01. Investar had a return on equity of 9.33% and a net margin of 18.46%. The business had revenue of $16.44 million for the quarter, compared to analyst estimates of $16.42 million. Equities research analysts anticipate that Investar Holding Corp will post 1.94 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in ISTR. Mendon Capital Advisors Corp increased its position in shares of Investar by 1,121.6% during the fourth quarter. Mendon Capital Advisors Corp now owns 271,907 shares of the financial services provider’s stock worth $6,743,000 after acquiring an additional 249,648 shares during the last quarter. Royce & Associates LP increased its position in shares of Investar by 33.8% during the fourth quarter. Royce & Associates LP now owns 169,900 shares of the financial services provider’s stock worth $4,214,000 after acquiring an additional 42,900 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Investar by 22.4% during the third quarter. Dimensional Fund Advisors LP now owns 86,290 shares of the financial services provider’s stock worth $2,317,000 after acquiring an additional 15,770 shares during the last quarter. KG&L Capital Management LLC purchased a new stake in shares of Investar during the fourth quarter worth about $248,000. Finally, RMB Capital Management LLC increased its position in shares of Investar by 3.6% during the fourth quarter. RMB Capital Management LLC now owns 279,608 shares of the financial services provider’s stock worth $6,934,000 after acquiring an additional 9,680 shares during the last quarter. 54.81% of the stock is currently owned by institutional investors and hedge funds.
ISTR has been the topic of several research reports. Zacks Investment Research raised Investar from a “sell” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, April 2nd. FIG Partners reissued an “outperform” rating on shares of Investar in a research report on Monday. Finally, ValuEngine lowered Investar from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $28.33.
Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products for individuals and small to medium-sized businesses in South Louisiana. The company offers various deposit products and services, such as savings, checking, money market, and individual retirement accounts, as well as various certificates of deposit; debit cards; and mobile banking services.
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