Shares of Investar Holding (NASDAQ:ISTR) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $28.00.
Several equities research analysts have weighed in on ISTR shares. Zacks Investment Research cut Investar from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Sandler O’Neill set a $29.00 target price on Investar and gave the stock a “buy” rating in a research report on Monday, January 29th. Finally, BidaskClub lowered Investar from a “buy” rating to a “hold” rating in a research report on Saturday, April 28th.
In other news, VP Randolf F. Kassmeier sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $25.26, for a total value of $75,780.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders bought a total of 158 shares of company stock valued at $4,090 in the last three months. Corporate insiders own 9.07% of the company’s stock.
Large investors have recently made changes to their positions in the company. Wells Fargo & Company MN raised its position in shares of Investar by 512,400.0% in the 3rd quarter. Wells Fargo & Company MN now owns 20,500 shares of the financial services provider’s stock worth $494,000 after acquiring an additional 20,496 shares in the last quarter. Mendon Capital Advisors Corp raised its position in shares of Investar by 61.9% in the 1st quarter. Mendon Capital Advisors Corp now owns 22,913 shares of the financial services provider’s stock worth $592,000 after acquiring an additional 8,761 shares in the last quarter. ELCO Management Co. LLC raised its position in shares of Investar by 61.9% in the 1st quarter. ELCO Management Co. LLC now owns 22,913 shares of the financial services provider’s stock worth $592,000 after acquiring an additional 8,761 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Investar by 19.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 25,231 shares of the financial services provider’s stock worth $608,000 after acquiring an additional 4,093 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Investar by 90.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 27,287 shares of the financial services provider’s stock worth $658,000 after acquiring an additional 12,960 shares in the last quarter. 56.66% of the stock is owned by hedge funds and other institutional investors.
Investar traded up $0.10, hitting $25.95, on Thursday, according to MarketBeat Ratings. The company’s stock had a trading volume of 3,255 shares, compared to its average volume of 15,905. Investar has a 52-week low of $26.00 and a 52-week high of $26.00. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $248.31 million, a P/E ratio of 23.08 and a beta of 0.34.
Investar (NASDAQ:ISTR) last released its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. Investar had a return on equity of 7.18% and a net margin of 13.78%. The business had revenue of $14.93 million during the quarter, compared to analysts’ expectations of $14.22 million. sell-side analysts predict that Investar will post 1.65 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 30th. Stockholders of record on Monday, April 9th were given a $0.035 dividend. The ex-dividend date of this dividend was Friday, April 6th. This represents a $0.14 annualized dividend and a dividend yield of 0.54%. This is a positive change from Investar’s previous quarterly dividend of $0.03. Investar’s dividend payout ratio is currently 12.50%.
Investar Company Profile
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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