Investar Holding Corp (NASDAQ:ISTR) has been given an average rating of “Buy” by the six analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $27.50.

A number of research firms have recently weighed in on ISTR. Zacks Investment Research upgraded Investar from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Thursday, January 4th. Sandler O’Neill set a $29.00 price target on Investar and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, Hovde Group reiterated an “outperform” rating and set a $28.00 price target on shares of Investar in a report on Friday, December 29th.

In related news, EVP Ryan P. Finnan sold 3,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $23.70, for a total transaction of $71,100.00. Following the completion of the transaction, the executive vice president now directly owns 15,314 shares in the company, valued at approximately $362,941.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased a total of 632 shares of company stock valued at $14,919 over the last 90 days. 8.83% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Wasatch Advisors Inc. boosted its holdings in Investar by 5.2% during the 4th quarter. Wasatch Advisors Inc. now owns 113,208 shares of the financial services provider’s stock valued at $2,728,000 after acquiring an additional 5,599 shares during the period. Maltese Capital Management LLC boosted its holdings in Investar by 19.5% during the 3rd 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 period. Dimensional Fund Advisors LP boosted its holdings in Investar by 90.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 27,287 shares of the financial services provider’s stock valued at $658,000 after acquiring an additional 12,960 shares during the period. Wells Fargo & Company MN boosted its holdings in Investar by 512,400.0% during the 3rd quarter. Wells Fargo & Company MN now owns 20,500 shares of the financial services provider’s stock valued at $494,000 after acquiring an additional 20,496 shares during the period. Finally, Stieven Capital Advisors L.P. boosted its holdings in Investar by 12.7% during the 3rd quarter. Stieven Capital Advisors L.P. now owns 133,435 shares of the financial services provider’s stock valued at $3,216,000 after acquiring an additional 15,035 shares during the period. Institutional investors own 61.64% of the company’s stock.

Investar (NASDAQ ISTR) traded down $0.45 during midday trading on Tuesday, hitting $25.25. The stock had a trading volume of 6,108 shares, compared to its average volume of 17,423. The stock has a market cap of $240.25, a PE ratio of 26.03 and a beta of 0.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. Investar has a fifty-two week low of $19.50 and a fifty-two week high of $25.95.

Investar (NASDAQ:ISTR) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $13.78 million during the quarter, compared to analysts’ expectations of $13.54 million. Investar had a return on equity of 6.37% and a net margin of 14.35%. analysts expect that Investar will post 1.72 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 3rd were issued a dividend of $0.0315 per share. This represents a $0.13 dividend on an annualized basis and a yield of 0.50%. This is a boost from Investar’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, January 2nd. Investar’s dividend payout ratio (DPR) is 13.40%.

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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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