Zacks Investment Research upgraded shares of Investar Holding Corporation (NASDAQ:ISTR) from a hold rating to a buy rating in a report released on Monday morning. The firm currently has $26.00 price objective on the financial services provider’s stock.

According to Zacks, “Investar Holding Corporation is a bank holding company for Investar Bank. It offers a range of commercial and retail lending products throughout its market areas, including business loans to small to medium-sized businesses and professional concerns, as well as loans to individuals. The company accepts various deposit products, including savings, checking, money market, and NOW accounts, as well as various certificates of deposit and individual retirement accounts. It also provides cash management products and services, such as remote deposit capture, electronic statements, positive pay, ACH origination and wire transfer, investment sweep accounts, and business Internet banking, as well as debit cards and mobile banking services. Investar Holding Corporation is headquartered in Baton Rouge, Louisiana. “

A number of other analysts also recently commented on ISTR. UBS AG downgraded Investar Holding Corporation from an outperform rating to a market perform rating in a research report on Thursday, August 10th. Raymond James Financial, Inc. reiterated a market perform rating on shares of Investar Holding Corporation in a research report on Thursday, August 10th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Investar Holding Corporation currently has an average rating of Buy and a consensus target price of $25.00.

Shares of Investar Holding Corporation (NASDAQ:ISTR) opened at 22.85 on Monday. The stock has a market cap of $198.68 million, a price-to-earnings ratio of 22.51 and a beta of 0.33. The firm has a 50-day moving average price of $22.36 and a 200 day moving average price of $22.34. Investar Holding Corporation has a 52-week low of $15.35 and a 52-week high of $23.75.

Investar Holding Corporation (NASDAQ:ISTR) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). The firm had revenue of $10.10 million for the quarter, compared to analysts’ expectations of $9.82 million. Investar Holding Corporation had a return on equity of 5.94% and a net margin of 15.78%. Analysts expect that Investar Holding Corporation will post $1.15 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mesirow Financial Investment Management Inc. purchased a new stake in Investar Holding Corporation during the second quarter worth $502,000. California State Teachers Retirement System purchased a new stake in Investar Holding Corporation during the second quarter worth $332,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Investar Holding Corporation during the second quarter worth $226,000. The Manufacturers Life Insurance Company purchased a new stake in Investar Holding Corporation during the second quarter worth $190,000. Finally, State Street Corp purchased a new stake in Investar Holding Corporation during the second quarter worth $2,510,000. Institutional investors own 61.01% 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.

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