Texas Capital Bank Wealth Management Services Inc Takes $5.06 Million Position in Investar Holding Corporation $ISTR

Texas Capital Bank Wealth Management Services Inc bought a new stake in shares of Investar Holding Corporation (NASDAQ:ISTR) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 168,779 shares of the financial services provider’s stock, valued at approximately $5,057,000.

Several other hedge funds also recently bought and sold shares of ISTR. Tower Research Capital LLC TRC increased its stake in Investar by 440.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,899 shares of the financial services provider’s stock worth $56,000 after buying an additional 2,363 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Investar by 69.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,691 shares of the financial services provider’s stock valued at $72,000 after acquiring an additional 1,100 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Investar by 24.9% in the third quarter. BNP Paribas Financial Markets now owns 3,341 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 666 shares in the last quarter. CWM LLC lifted its position in shares of Investar by 12.6% in the fourth quarter. CWM LLC now owns 3,442 shares of the financial services provider’s stock valued at $92,000 after acquiring an additional 384 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Investar by 12.8% in the second quarter. Rhumbline Advisers now owns 10,451 shares of the financial services provider’s stock worth $202,000 after acquiring an additional 1,182 shares during the period. Institutional investors own 50.17% of the company’s stock.

Investar Stock Performance

Shares of NASDAQ ISTR opened at $30.91 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $425.94 million, a P/E ratio of 12.72 and a beta of 0.45. The firm’s fifty day moving average is $29.83 and its two-hundred day moving average is $28.80. Investar Holding Corporation has a 52-week low of $21.43 and a 52-week high of $31.77.

Investar (NASDAQ:ISTR) last announced its quarterly earnings results on Monday, July 20th. The financial services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.71 by $0.04. Investar had a net margin of 17.55% and a return on equity of 11.65%. The business had revenue of $36.55 million for the quarter, compared to analysts’ expectations of $36.35 million. As a group, analysts anticipate that Investar Holding Corporation will post 3.15 EPS for the current fiscal year.

Investar Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.6%. This is a positive change from Investar’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, June 30th. Investar’s payout ratio is presently 19.75%.

Analyst Ratings Changes

ISTR has been the subject of several research analyst reports. Piper Sandler reiterated a “neutral” rating and set a $31.50 target price on shares of Investar in a research report on Thursday, April 23rd. Weiss Ratings raised Investar from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 1st. Zacks Research upgraded Investar from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Wall Street Zen upgraded Investar from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $31.50.

Investar Profile

Investar Holdings, Inc is a bank holding company headquartered in Baton Rouge, Louisiana, operating through its primary subsidiary, Investar Bank. The company delivers commercial and consumer banking products across southeastern Louisiana and into select Texas markets, focusing on relationship-driven service. Investar Bank’s offerings include deposit accounts, lending solutions, online and mobile banking, and treasury management services.

Its lending portfolio encompasses commercial real estate financing, construction and development loans, commercial and industrial credits, agricultural loans, and residential mortgage originations.