Investar Holding Corp (NASDAQ:ISTR) insider Dane M. Babin sold 809 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $24.75, for a total transaction of $20,022.75. Following the transaction, the insider now directly owns 9,866 shares in the company, valued at $244,183.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Investar Holding Corp (NASDAQ:ISTR) opened at $25.70 on Friday. The stock has a market cap of $240.25 and a P/E ratio of 26.49. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01. Investar Holding Corp has a one year low of $19.11 and a one year high of $25.70.
Investar (NASDAQ:ISTR) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Investar had a net margin of 14.35% and a return on equity of 6.37%. The firm had revenue of $13.78 million for the quarter, compared to analyst estimates of $13.54 million. equities analysts anticipate that Investar Holding Corp will post 1.64 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 3rd were given a $0.0315 dividend. The ex-dividend date of this dividend was Tuesday, January 2nd. This represents a $0.13 dividend on an annualized basis and a yield of 0.49%. This is a positive change from Investar’s previous quarterly dividend of $0.03. Investar’s dividend payout ratio (DPR) is currently 13.40%.
A number of institutional investors have recently modified their holdings of ISTR. Wasatch Advisors Inc. lifted its holdings in Investar by 5.2% during the fourth quarter. Wasatch Advisors Inc. now owns 113,208 shares of the financial services provider’s stock valued at $2,728,000 after purchasing an additional 5,599 shares in the last quarter. Maltese Capital Management LLC lifted its holdings in Investar by 19.5% during the third quarter. Maltese Capital Management LLC now owns 113,200 shares of the financial services provider’s stock valued at $2,728,000 after purchasing an additional 18,500 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Investar by 90.5% during the third quarter. Dimensional Fund Advisors LP now owns 27,287 shares of the financial services provider’s stock valued at $658,000 after purchasing an additional 12,960 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Investar by 512,400.0% during the third quarter. Wells Fargo & Company MN now owns 20,500 shares of the financial services provider’s stock valued at $494,000 after purchasing an additional 20,496 shares in the last quarter. Finally, Stieven Capital Advisors L.P. lifted its holdings in Investar by 12.7% during the third quarter. Stieven Capital Advisors L.P. now owns 133,435 shares of the financial services provider’s stock valued at $3,216,000 after purchasing an additional 15,035 shares in the last quarter. Hedge funds and other institutional investors own 61.64% of the company’s stock.
A number of brokerages recently issued reports on ISTR. Zacks Investment Research raised shares of Investar from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Thursday, January 4th. Sandler O’Neill set a $29.00 price objective on shares of Investar and gave the company a “buy” rating in a research note on Monday. Piper Jaffray Companies reissued an “overweight” rating and issued a $26.00 price objective on shares of Investar in a research note on Thursday, October 5th. Finally, Hovde Group reissued an “outperform” rating and issued a $28.00 price objective on shares of Investar in a research note on Friday, December 29th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $27.50.
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Investar Company Profile
Investar Holding Corporation is financial holding company that conducts its operations through, Investar Bank (the Bank), which is a commercial bank. The Company offers a range of commercial and retail lending products throughout its market areas, including business loans to small to medium-sized businesses, as well as loans to individuals.
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