Investar Holding Corp (NASDAQ:ISTR) has received a consensus rating of “Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $29.00.
ISTR has been the subject of a number of research reports. ValuEngine upgraded Investar from a “sell” rating to a “hold” rating in a report on Friday, December 27th. DA Davidson increased their price objective on Investar from $29.00 to $29.50 and gave the stock a “buy” rating in a report on Monday, December 30th. Sandler O’Neill downgraded Investar from a “buy” rating to a “hold” rating in a report on Monday, December 9th. Piper Jaffray Companies set a $28.50 price objective on Investar and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Zacks Investment Research upgraded Investar from a “sell” rating to a “hold” rating in a report on Thursday, January 9th.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Maltese Capital Management LLC increased its holdings in shares of Investar by 61.2% during the second quarter. Maltese Capital Management LLC now owns 354,548 shares of the financial services provider’s stock valued at $8,456,000 after acquiring an additional 134,548 shares in the last quarter. KG&L Capital Management LLC bought a new position in shares of Investar during the fourth quarter valued at $855,000. BlackRock Inc. increased its holdings in shares of Investar by 8.3% during the second quarter. BlackRock Inc. now owns 461,976 shares of the financial services provider’s stock valued at $11,019,000 after acquiring an additional 35,539 shares in the last quarter. Hubbell Strickland Wealth Management LLC bought a new position in shares of Investar during the third quarter valued at $407,000. Finally, Millennium Management LLC bought a new position in shares of Investar during the third quarter valued at $304,000. Institutional investors and hedge funds own 54.54% of the company’s stock.
ISTR traded down $0.27 during trading on Friday, reaching $23.96. The stock had a trading volume of 7,898 shares, compared to its average volume of 8,453. The stock’s 50 day moving average is $24.65 and its two-hundred day moving average is $24.05. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $240.69 million, a price-to-earnings ratio of 12.96 and a beta of 0.15. Investar has a one year low of $21.48 and a one year high of $26.46.
Investar (NASDAQ:ISTR) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. The business had revenue of $17.98 million during the quarter, compared to the consensus estimate of $18.18 million. Investar had a return on equity of 9.29% and a net margin of 18.44%. On average, equities research analysts predict that Investar will post 1.88 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be issued a $0.06 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.24 dividend on an annualized basis and a yield of 1.00%. Investar’s dividend payout ratio (DPR) is 14.63%.
Investar Company Profile
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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