4,536 Shares in Investar Holding Corporation (ISTR) Acquired by Nationwide Fund Advisors
Nationwide Fund Advisors purchased a new position in Investar Holding Corporation (NASDAQ:ISTR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,536 shares of the financial services provider’s stock, valued at approximately $104,000. Nationwide Fund Advisors owned 0.05% of Investar Holding Corporation at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Investar Holding Corporation by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 277,190 shares of the financial services provider’s stock worth $6,070,000 after purchasing an additional 4,300 shares during the period. Stieven Capital Advisors L.P. boosted its stake in Investar Holding Corporation by 18.4% in the 2nd quarter. Stieven Capital Advisors L.P. now owns 118,400 shares of the financial services provider’s stock worth $2,711,000 after purchasing an additional 18,400 shares during the period. Kennedy Capital Management Inc. boosted its stake in Investar Holding Corporation by 3.2% in the 2nd quarter. Kennedy Capital Management Inc. now owns 41,696 shares of the financial services provider’s stock worth $955,000 after purchasing an additional 1,289 shares during the period. Goldman Sachs Group Inc. bought a new position in Investar Holding Corporation in the 1st quarter worth approximately $835,000. Finally, Renaissance Technologies LLC bought a new position in Investar Holding Corporation in the 1st quarter worth approximately $684,000. Institutional investors and hedge funds own 62.39% of the company’s stock.
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Several research analysts have weighed in on ISTR shares. UBS AG downgraded Investar Holding Corporation from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 10th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Investar Holding Corporation in a research note on Thursday, August 10th. Zacks Investment Research upgraded Investar Holding Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Friday, August 11th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $26.00 price target on shares of Investar Holding Corporation in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $26.50.
Investar Holding Corporation (NASDAQ ISTR) opened at $23.30 on Wednesday. Investar Holding Corporation has a 52 week low of $17.12 and a 52 week high of $24.40. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $204.46, a P/E ratio of 22.33 and a beta of 0.33.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Wednesday, October 4th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.52%. This is an increase from Investar Holding Corporation’s previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, October 3rd. Investar Holding Corporation’s dividend payout ratio is presently 12.25%.
In other news, CFO Christopher L. Hufft sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $23.15, for a total transaction of $57,875.00. Following the sale, the chief financial officer now directly owns 23,356 shares of the company’s stock, valued at approximately $540,691.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired a total of 1,045 shares of company stock valued at $24,282 over the last 90 days. 9.82% of the stock is currently owned by corporate insiders.
About Investar Holding Corporation
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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