Investar Holding Corp (NASDAQ:ISTR) has earned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Brokers have set a 12 month consensus target price of $26.00 for the company and are predicting that the company will post $0.32 EPS for the current quarter, according to Zacks. Zacks has also assigned Investar an industry rank of 204 out of 265 based on the ratings given to its competitors.

Several equities research analysts have commented on the company. Zacks Investment Research lowered Investar from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Piper Jaffray Companies reiterated an “overweight” rating and set a $26.00 price objective on shares of Investar in a research note on Thursday, October 5th. Raymond James Financial reiterated a “market perform” rating on shares of Investar in a research note on Thursday, August 10th. Finally, UBS lowered Investar from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 10th.

In other news, CFO Christopher L. Hufft sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $23.15, for a total transaction of $57,875.00. Following the transaction, the chief financial officer now directly owns 23,356 shares in the company, valued at approximately $540,691.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have bought 1,045 shares of company stock worth $24,282. Insiders own 8.83% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Maltese Capital Management LLC boosted its holdings in shares of Investar by 19.5% during the 3rd quarter. Maltese Capital Management LLC now owns 113,200 shares of the financial services provider’s stock worth $2,728,000 after purchasing an additional 18,500 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Investar by 90.5% in the third quarter. Dimensional Fund Advisors LP now owns 27,287 shares of the financial services provider’s stock valued at $658,000 after acquiring an additional 12,960 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Investar by 512,400.0% in the third quarter. Wells Fargo & Company MN now owns 20,500 shares of the financial services provider’s stock valued at $494,000 after acquiring an additional 20,496 shares during the last quarter. Stieven Capital Advisors L.P. lifted its holdings in Investar by 12.7% in the third quarter. Stieven Capital Advisors L.P. now owns 133,435 shares of the financial services provider’s stock valued at $3,216,000 after acquiring an additional 15,035 shares during the last quarter. Finally, Wasatch Advisors Inc. lifted its holdings in Investar by 23.7% in the third quarter. Wasatch Advisors Inc. now owns 107,609 shares of the financial services provider’s stock valued at $2,593,000 after acquiring an additional 20,609 shares during the last quarter. Institutional investors and hedge funds own 61.58% of the company’s stock.

Shares of Investar (NASDAQ:ISTR) traded up $0.10 during trading on Friday, hitting $23.55. The company had a trading volume of 11,221 shares, compared to its average volume of 12,576. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. Investar has a 1 year low of $17.95 and a 1 year high of $24.40. The stock has a market cap of $204.46, a price-to-earnings ratio of 22.33 and a beta of 0.33.

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Investar 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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