Investar Holding Corp (NASDAQ:ISTR) CFO Christopher L. Hufft sold 686 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $23.00, for a total value of $15,778.00. Following the completion of the sale, the chief financial officer now owns 26,210 shares of the company’s stock, valued at approximately $602,830. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

ISTR stock traded down $0.12 during midday trading on Friday, hitting $22.90. The company had a trading volume of 445 shares, compared to its average volume of 9,092. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.05. The stock has a market cap of $228.43 million, a price-to-earnings ratio of 13.96 and a beta of 0.18. The stock’s 50 day moving average price is $23.32 and its 200 day moving average price is $23.43. Investar Holding Corp has a 52 week low of $19.49 and a 52 week high of $27.84.

Investar (NASDAQ:ISTR) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $18.07 million during the quarter, compared to the consensus estimate of $17.54 million. Investar had a return on equity of 9.25% and a net margin of 18.69%. Analysts predict that Investar Holding Corp will post 1.93 earnings per share for the current year.

ISTR has been the subject of several recent research reports. DA Davidson reiterated a “buy” rating on shares of Investar in a research report on Monday, July 22nd. Zacks Investment Research downgraded Investar from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Raymond James upgraded Investar from a “market perform” rating to an “outperform” rating in a research report on Monday, July 8th. Finally, ValuEngine downgraded Investar from a “hold” rating to a “sell” rating in a research report on Friday, June 21st. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $28.33.

Several institutional investors have recently made changes to their positions in the stock. Banc Funds Co. LLC raised its holdings in shares of Investar by 8.1% during the second quarter. Banc Funds Co. LLC now owns 496,881 shares of the financial services provider’s stock valued at $11,851,000 after acquiring an additional 37,171 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Investar by 8.3% during the second quarter. BlackRock Inc. now owns 461,976 shares of the financial services provider’s stock valued at $11,019,000 after acquiring an additional 35,539 shares in the last quarter. Maltese Capital Management LLC raised its holdings in shares of Investar by 61.2% during the second quarter. Maltese Capital Management LLC now owns 354,548 shares of the financial services provider’s stock valued at $8,456,000 after acquiring an additional 134,548 shares in the last quarter. Wasatch Advisors Inc. raised its holdings in shares of Investar by 45.5% during the second quarter. Wasatch Advisors Inc. now owns 204,026 shares of the financial services provider’s stock valued at $4,866,000 after acquiring an additional 63,799 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Investar by 2.3% during the second quarter. Northern Trust Corp now owns 104,890 shares of the financial services provider’s stock valued at $2,501,000 after acquiring an additional 2,321 shares in the last quarter. Institutional investors own 53.87% of the company’s stock.

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, and individual retirement accounts, as well as various certificates of deposit; debit cards; and mobile banking services.

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