ValuEngine cut shares of Investar (NASDAQ:ISTR) from a hold rating to a sell rating in a report issued on Friday, ValuEngine reports.

Several other research firms have also weighed in on ISTR. Zacks Investment Research lowered Investar from a hold rating to a sell rating in a research note on Thursday, April 25th. FIG Partners reissued an outperform rating on shares of Investar in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Investar currently has a consensus rating of Buy and an average price target of $29.00.

Shares of NASDAQ ISTR opened at $23.00 on Friday. The firm’s fifty day moving average price is $23.64. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.00. The company has a market cap of $235.24 million, a price-to-earnings ratio of 14.02 and a beta of 0.17. Investar has a 1 year low of $19.49 and a 1 year high of $29.90.

Investar (NASDAQ:ISTR) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. The business had revenue of $16.44 million during the quarter, compared to analyst estimates of $16.42 million. Investar had a return on equity of 9.03% and a net margin of 18.46%. On average, analysts predict that Investar will post 1.94 EPS for the current year.

In other news, CFO Christopher L. Hufft sold 1,250 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $23.55, for a total value of $29,437.50. Following the completion of the sale, the chief financial officer now owns 26,006 shares in the company, valued at $612,441.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.64% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its holdings in shares of Investar by 1,138.8% in the first quarter. BNP Paribas Arbitrage SA now owns 1,883 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 1,731 shares in the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Investar in the fourth quarter valued at $82,000. MetLife Investment Advisors LLC purchased a new stake in shares of Investar in the fourth quarter valued at $112,000. Bank of America Corp DE lifted its holdings in shares of Investar by 82.5% in the fourth quarter. Bank of America Corp DE now owns 5,759 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 2,603 shares in the last quarter. Finally, KG&L Capital Management LLC purchased a new stake in shares of Investar during the fourth quarter worth $248,000. Institutional investors own 54.10% of the company’s stock.

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

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