Investar Holding Co. (NASDAQ:ISTR) Short Interest Update

Investar Holding Co. (NASDAQ:ISTRGet Free Report) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 33,100 shares, an increase of 8.9% from the May 15th total of 30,400 shares. Based on an average daily volume of 23,600 shares, the short-interest ratio is presently 1.4 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. AJOVista LLC acquired a new position in shares of Investar in the 4th quarter worth approximately $55,000. Barclays PLC increased its stake in shares of Investar by 23.0% in the 3rd quarter. Barclays PLC now owns 13,166 shares of the financial services provider’s stock valued at $139,000 after acquiring an additional 2,461 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Investar in the 3rd quarter valued at $149,000. Stratos Wealth Partners LTD. bought a new stake in shares of Investar in the 4th quarter valued at $180,000. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of Investar in the 1st quarter valued at $185,000. Institutional investors and hedge funds own 50.17% of the company’s stock.

Investar Trading Up 0.7 %

NASDAQ:ISTR traded up $0.10 during mid-day trading on Tuesday, hitting $15.09. 16,674 shares of the company’s stock were exchanged, compared to its average volume of 25,657. The company has a 50 day simple moving average of $15.90 and a 200-day simple moving average of $15.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.30. Investar has a fifty-two week low of $9.07 and a fifty-two week high of $17.99. The firm has a market capitalization of $148.33 million, a P/E ratio of 8.37 and a beta of 0.77.

Investar (NASDAQ:ISTRGet Free Report) last posted its earnings results on Monday, April 22nd. The financial services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.25 by $0.18. The business had revenue of $19.96 million for the quarter, compared to the consensus estimate of $18.78 million. Investar had a net margin of 12.02% and a return on equity of 8.17%. As a group, research analysts expect that Investar will post 1.4 earnings per share for the current year.

Investar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Monday, April 1st were given a $0.10 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.65%. Investar’s dividend payout ratio (DPR) is currently 22.35%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. upgraded shares of Investar from a “hold” rating to a “buy” rating in a research note on Thursday, June 6th. Hovde Group cut their target price on shares of Investar from $20.50 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 23rd.

View Our Latest Stock Analysis on Investar

Investar Company Profile

(Get Free Report)

Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products to individuals, professionals, and small to medium-sized businesses in south Louisiana, southeast Texas, and Alabama in the United States. 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 and credit cards; internet, mobile, and video banking services; and reciprocal deposit products.

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