Investar Holding Corporation (NASDAQ:ISTR) was downgraded by analysts at UBS AG from an “outperform” rating to a “market perform” rating in a report issued on Thursday, The Fly reports.

Separately, Zacks Investment Research raised Investar Holding Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Investar Holding Corporation presently has a consensus rating of “Buy” and a consensus target price of $21.67.

Shares of Investar Holding Corporation (NASDAQ ISTR) opened at 22.75 on Thursday. Investar Holding Corporation has a 52-week low of $15.00 and a 52-week high of $23.75. The stock has a 50 day moving average price of $22.84 and a 200 day moving average price of $21.85. The company has a market capitalization of $197.58 million, a PE ratio of 22.41 and a beta of 0.32.

Investar Holding Corporation (NASDAQ:ISTR) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The company had revenue of $10.10 million for the quarter, compared to analyst estimates of $9.82 million. Investar Holding Corporation had a return on equity of 6.25% and a net margin of 15.78%. On average, analysts predict that Investar Holding Corporation will post $1.15 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Kennedy Capital Management Inc. increased its position in shares of Investar Holding Corporation by 3.2% in the second quarter. Kennedy Capital Management Inc. now owns 41,696 shares of the financial services provider’s stock valued at $955,000 after buying an additional 1,289 shares in the last quarter. Stieven Capital Advisors L.P. increased its position in shares of Investar Holding Corporation by 18.4% in the second quarter. Stieven Capital Advisors L.P. now owns 118,400 shares of the financial services provider’s stock valued at $2,711,000 after buying an additional 18,400 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Investar Holding Corporation during the second quarter valued at approximately $484,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Investar Holding Corporation during the second quarter valued at approximately $319,000. Finally, Spark Investment Management LLC acquired a new position in shares of Investar Holding Corporation during the second quarter valued at approximately $203,000. Institutional investors own 54.52% of the company’s stock.

Investar Holding Corporation 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.

The Fly

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