Andrew C. Nelson Buys 1,000 Shares of Investar Holding Corp (ISTR) Stock

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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.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 8th were given a dividend of $0.052 per share. This represents a $0.21 dividend on an annualized basis and a dividend yield of 0.90%. This is a positive change from Investar’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, April 5th. Investar’s payout ratio is presently 12.80%.

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.

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About Investar

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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