Investar Holding Corporation (ISTR) Stake Boosted by Stieven Capital Advisors L.P.
Stieven Capital Advisors L.P. lifted its holdings in Investar Holding Corporation (NASDAQ:ISTR) by 12.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 133,435 shares of the financial services provider’s stock after purchasing an additional 15,035 shares during the period. Stieven Capital Advisors L.P. owned 1.53% of Investar Holding Corporation worth $3,216,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC bought a new position in shares of Investar Holding Corporation in the first quarter worth about $684,000. Goldman Sachs Group Inc. bought a new position in Investar Holding Corporation during the first quarter valued at about $835,000. Schwab Charles Investment Management Inc. bought a new position in Investar Holding Corporation during the second quarter valued at about $319,000. OxFORD Asset Management LLP bought a new position in Investar Holding Corporation during the second quarter valued at about $339,000. Finally, Banc Funds Co. LLC increased its stake in Investar Holding Corporation by 14.0% during the second quarter. Banc Funds Co. LLC now owns 594,513 shares of the financial services provider’s stock valued at $13,614,000 after acquiring an additional 73,200 shares during the period. Institutional investors and hedge funds own 62.39% of the company’s stock.
In related news, CFO Christopher L. Hufft sold 2,500 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 1,045 shares of company stock worth $24,282 over the last 90 days. Corporate insiders own 9.82% of the company’s stock.
Investar Holding Corporation (NASDAQ:ISTR) opened at $23.35 on Friday. Investar Holding Corporation has a 12 month low of $17.12 and a 12 month high of $24.40. 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 stock has a market capitalization of $202.71, a PE ratio of 22.14 and a beta of 0.33.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Wednesday, October 4th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.51%. This is a positive change from Investar Holding Corporation’s previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, October 3rd. Investar Holding Corporation’s payout ratio is currently 12.25%.
Several equities analysts recently issued reports on ISTR shares. UBS AG lowered 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 on the stock in a research note on Friday, August 11th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $26.00 price target on shares of Investar Holding Corporation in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $26.50.
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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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