Investar Holding Corp (NASDAQ:ISTR) EVP Ryan P. Finnan Sells 1,500 Shares

Investar Holding Corp (NASDAQ:ISTR) EVP Ryan P. Finnan sold 1,500 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $23.37, for a total value of $35,055.00. Following the completion of the sale, the executive vice president now owns 16,769 shares of the company’s stock, valued at $391,891.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of ISTR traded up $0.17 during mid-day trading on Wednesday, reaching $23.50. 14,100 shares of the company’s stock traded hands, compared to its average volume of 14,999. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s 50-day moving average is $23.28 and its two-hundred day moving average is $23.38. Investar Holding Corp has a 12 month low of $19.49 and a 12 month high of $27.84. The stock has a market cap of $229.72 million, a P/E ratio of 14.33 and a beta of 0.18.

Investar (NASDAQ:ISTR) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. Investar had a return on equity of 9.25% and a net margin of 18.69%. The firm had revenue of $18.07 million during the quarter, compared to analyst estimates of $17.54 million. Research analysts predict that Investar Holding Corp will post 1.93 earnings per share for the current year.

ISTR has been the topic of a number of analyst reports. DA Davidson reiterated a “buy” rating on shares of Investar in a research report on Monday, July 22nd. Zacks Investment Research lowered shares of Investar from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. ValuEngine cut shares of Investar from a “hold” rating to a “sell” rating in a research note on Friday, June 21st. Finally, Raymond James upgraded shares of Investar from a “market perform” rating to an “outperform” rating in a report on Monday, July 8th. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $28.33.

A number of institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in shares of Investar by 82.5% during the fourth quarter. Bank of America Corp DE now owns 5,759 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 2,603 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Investar by 1,138.8% in the first quarter. BNP Paribas Arbitrage SA now owns 1,883 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,731 shares during the last quarter. Penn Capital Management Co. Inc. increased its stake in Investar by 3.3% in the 1st quarter. Penn Capital Management Co. Inc. now owns 62,703 shares of the financial services provider’s stock worth $1,424,000 after buying an additional 2,016 shares during the period. Globeflex Capital L P increased its stake in Investar by 17.9% in the 1st quarter. Globeflex Capital L P now owns 18,746 shares of the financial services provider’s stock worth $426,000 after buying an additional 2,846 shares during the period. Finally, Investment House LLC bought a new stake in Investar during the 2nd quarter valued at about $306,000. 53.79% of the stock is currently owned by institutional investors.

About Investar

Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products for individuals and small to medium-sized businesses in South Louisiana. The company offers various deposit products and services, such as savings, checking, money market, and individual retirement accounts, as well as various certificates of deposit; debit cards; and mobile banking services.

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