Investar Holding Corp (ISTR) Given Average Recommendation of “Buy” by Analysts

Investar Holding Corp (NASDAQ:ISTR) has been given an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Analysts have set a 1-year consensus target price of $26.00 for the company and are anticipating that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Investar an industry rank of 195 out of 265 based on the ratings given to its competitors.

Several research analysts recently weighed in on the stock. Raymond James Financial restated a “market perform” rating on shares of Investar in a research report on Thursday, August 10th. UBS cut shares of Investar from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 10th. Zacks Investment Research cut shares of Investar from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $26.00 price objective on shares of Investar in a research report on Thursday, October 5th.

Investar (ISTR) traded down $0.05 during mid-day trading on Friday, hitting $23.50. 8,700 shares of the company traded hands, compared to its average volume of 20,892. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $205.33, a PE ratio of 22.43 and a beta of 0.33. Investar has a one year low of $17.95 and a one year high of $24.40.

In other Investar news, CFO Christopher L. Hufft sold 2,500 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $23.15, for a total transaction of $57,875.00. Following the transaction, the chief financial officer now directly owns 23,356 shares in the company, valued at $540,691.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired 1,045 shares of company stock worth $24,282 over the last quarter. Company insiders own 8.83% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Maltese Capital Management LLC grew its position 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 acquiring an additional 18,500 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 during the period. Wells Fargo & Company MN boosted its stake in shares of 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 during the period. Stieven Capital Advisors L.P. boosted its stake in shares of 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 during the period. Finally, Wasatch Advisors Inc. boosted its stake in shares of Investar by 23.7% during the third quarter. Wasatch Advisors Inc. now owns 107,609 shares of the financial services provider’s stock valued at $2,593,000 after purchasing an additional 20,609 shares during the period. Institutional investors and hedge funds own 61.58% of the company’s stock.

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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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