Investar Holding Corp (NASDAQ:ISTR) EVP Ryan P. Finnan sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $23.70, for a total transaction of $71,100.00. Following the sale, the executive vice president now directly owns 15,314 shares of the company’s stock, valued at approximately $362,941.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Investar Holding Corp (NASDAQ ISTR) opened at $23.65 on Wednesday. The company has a market cap of $206.20, a P/E ratio of 22.52 and a beta of 0.33. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01. Investar Holding Corp has a 52 week low of $18.20 and a 52 week high of $24.40.

A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Investar from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Piper Jaffray Companies reissued an “overweight” rating and issued a $26.00 price objective on shares of Investar in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $26.50.

A number of large investors have recently modified their holdings of the stock. Banc Funds Co. LLC lifted its stake in Investar by 14.0% in the 2nd quarter. Banc Funds Co. LLC now owns 594,513 shares of the financial services provider’s stock valued at $13,614,000 after purchasing an additional 73,200 shares during the last quarter. Vanguard Group Inc. lifted its stake in Investar by 32.3% in the 2nd quarter. Vanguard Group Inc. now owns 366,623 shares of the financial services provider’s stock valued at $8,396,000 after purchasing an additional 89,433 shares during the last quarter. Stieven Capital Advisors L.P. lifted its stake in Investar by 12.7% in 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 purchasing an additional 15,035 shares during the last quarter. Maltese Capital Management LLC lifted its stake in Investar by 19.5% in 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 purchasing an additional 18,500 shares during the last quarter. Finally, State Street Corp bought a new position in Investar in the 2nd quarter valued at approximately $2,510,000. 61.58% of the stock is owned by institutional investors and hedge funds.

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About Investar

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.

Insider Buying and Selling by Quarter for Investar (NASDAQ:ISTR)

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