Investar Holding (NASDAQ:ISTR) VP Randolf F. Kassmeier sold 3,000 shares of Investar stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $25.26, for a total transaction of $75,780.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of ISTR opened at $25.25 on Friday. Investar Holding has a 1-year low of $20.25 and a 1-year high of $26.55. The firm has a market capitalization of $240.23, a P/E ratio of 22.35 and a beta of 0.34. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.02 and a quick ratio of 1.02.
Investar (NASDAQ:ISTR) last announced its quarterly 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 6.14%. The firm had revenue of $13.78 million during the quarter, compared to analysts’ expectations of $13.54 million. sell-side analysts predict that Investar Holding will post 1.72 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 9th will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.55%. This is a boost from Investar’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Friday, April 6th. Investar’s dividend payout ratio is presently 11.61%.
Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in shares of Investar by 19.4% in the third quarter. Bank of New York Mellon Corp now owns 25,231 shares of the financial services provider’s stock valued at $608,000 after buying an additional 4,093 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Investar in the second quarter valued at about $328,000. Stieven Capital Advisors L.P. raised its holdings in shares of Investar by 12.7% in 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 buying an additional 15,035 shares during the last quarter. Teachers Advisors LLC purchased a new stake in shares of Investar in the second quarter valued at about $328,000. Finally, Northern Trust Corp purchased a new stake in shares of Investar in the second quarter valued at about $2,114,000. 56.39% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on ISTR. Hovde Group reissued an “outperform” rating and issued a $28.00 price target on shares of Investar in a research report on Friday, December 29th. Zacks Investment Research cut shares of Investar from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Sandler O’Neill set a $29.00 price target on shares of Investar and gave the company a “buy” rating in a research report on Monday, January 29th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $27.50.
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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, NOW, and individual retirement accounts, as well as various certificates of deposit; debit cards; and mobile banking services.
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