Investar Holding Corporation’s (ISTR) Market Perform Rating Reiterated at Raymond James Financial, Inc.
Investar Holding Corporation (NASDAQ:ISTR)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Raymond James Financial, Inc. in a research note issued on Thursday.
ISTR has been the subject of a number of other reports. Zacks Investment Research cut Investar Holding Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. UBS AG cut Investar Holding Corporation from an “outperform” rating to a “market perform” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.67.
Investar Holding Corporation (NASDAQ ISTR) opened at 22.75 on Thursday. The company has a market capitalization of $197.58 million, a P/E ratio of 22.41 and a beta of 0.32. Investar Holding Corporation has a 12 month low of $15.00 and a 12 month high of $23.75. The firm has a 50-day moving average price of $22.84 and a 200 day moving average price of $21.85.
Investar Holding Corporation (NASDAQ:ISTR) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by $0.01. Investar Holding Corporation had a net margin of 15.78% and a return on equity of 6.25%. The company had revenue of $10.10 million for the quarter, compared to analyst estimates of $9.82 million. Analysts expect that Investar Holding Corporation will post $1.15 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Spark Investment Management LLC acquired a new stake in Investar Holding Corporation during the second quarter worth about $203,000. Globeflex Capital L P boosted its stake in Investar Holding Corporation by 17,878.8% in the first quarter. Globeflex Capital L P now owns 11,866 shares of the financial services provider’s stock worth $260,000 after buying an additional 11,800 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Investar Holding Corporation during the first quarter worth about $276,000. Mendon Capital Advisors Corp acquired a new stake in Investar Holding Corporation during the first quarter worth about $310,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Investar Holding Corporation during the second quarter worth about $319,000. 54.52% of the stock is owned by institutional investors.
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.
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