Shares of Investar Holding Corp (NASDAQ:ISTR) have been given an average rating of “Buy” by the six research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $29.33.

ISTR has been the topic of a number of analyst reports. BidaskClub downgraded Investar from a “buy” rating to a “hold” rating in a research report on Saturday, April 28th. Sandler O’Neill set a $30.00 target price on Investar and gave the company a “buy” rating in a report on Tuesday, April 24th. ValuEngine raised Investar from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Zacks Investment Research downgraded Investar from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, Piper Jaffray Companies set a $30.00 target price on Investar and gave the company a “buy” rating in a report on Sunday, July 29th.

Shares of NASDAQ:ISTR opened at $26.85 on Friday. The company has a market cap of $260.34 million, a P/E ratio of 23.97 and a beta of 0.33. Investar has a 1 year low of $20.35 and a 1 year high of $29.90. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.02 and a current ratio of 1.02.

Investar (NASDAQ:ISTR) last issued its quarterly earnings results on Friday, July 27th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. The business had revenue of $15.51 million for the quarter, compared to the consensus estimate of $14.84 million. Investar had a return on equity of 8.03% and a net margin of 15.20%. analysts anticipate that Investar will post 1.65 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 31st. Shareholders of record on Monday, July 9th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Friday, July 6th. This is an increase from Investar’s previous quarterly dividend of $0.04. Investar’s dividend payout ratio (DPR) is currently 14.29%.

In other Investar news, Director James M. Baker bought 1,010 shares of Investar stock in a transaction on Monday, June 4th. The shares were purchased at an average price of $27.80 per share, with a total value of $28,078.00. Following the acquisition, the director now owns 6,977 shares in the company, valued at approximately $193,960.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 9.07% of the company’s stock.

Several hedge funds have recently modified their holdings of ISTR. MetLife Investment Advisors LLC acquired a new stake in shares of Investar in the 2nd quarter valued at $129,000. Rhumbline Advisers acquired a new stake in shares of Investar in the 2nd quarter valued at $225,000. Globeflex Capital L P boosted its holdings in shares of Investar by 18.6% in the 2nd quarter. Globeflex Capital L P now owns 14,000 shares of the financial services provider’s stock valued at $387,000 after purchasing an additional 2,200 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Investar by 39.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 19,426 shares of the financial services provider’s stock valued at $538,000 after purchasing an additional 5,526 shares in the last quarter. Finally, ELCO Management Co. LLC boosted its holdings in shares of Investar by 61.9% in the 1st quarter. ELCO Management Co. LLC now owns 22,913 shares of the financial services provider’s stock valued at $592,000 after purchasing an additional 8,761 shares in the last quarter. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

About Investar

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

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