Key Points
- CEO John D'angelo sold 26,163 shares of Investar at an average price of $28.01 for about $732,826, reducing his holding by 9.73% to 242,750 shares (≈$6.8M).
- Investar reported $0.58 EPS, topping the $0.54 estimate, but revenue of $23.93M missed the $37.35M consensus.
- Shares trade near $28 with a market cap of ~$277M and a P/E of 13.2; the company pays a $0.11 quarterly dividend (1.6% yield) and carries a consensus analyst rating of Buy with a $29 target.
Investar Holding Corporation (NASDAQ:ISTR - Get Free Report) CEO John D'angelo sold 26,163 shares of Investar stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $28.01, for a total transaction of $732,825.63. Following the completion of the transaction, the chief executive officer directly owned 242,750 shares in the company, valued at approximately $6,799,427.50. The trade was a 9.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Investar Stock Up 1.6%
Shares of ISTR stock opened at $28.21 on Friday. Investar Holding Corporation has a 12-month low of $15.39 and a 12-month high of $31.77. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average of $26.74 and a 200-day moving average of $24.20. The company has a market capitalization of $276.74 million, a price-to-earnings ratio of 13.18 and a beta of 0.54.
Investar (NASDAQ:ISTR - Get Free Report) last announced its earnings results on Thursday, January 22nd. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.04. Investar had a net margin of 14.92% and a return on equity of 9.31%. The firm had revenue of $23.93 million during the quarter, compared to analyst estimates of $37.35 million. As a group, equities research analysts predict that Investar Holding Corporation will post 1.83 earnings per share for the current fiscal year.
Investar Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.6%. Investar's dividend payout ratio (DPR) is presently 20.56%.
Hedge Funds Weigh In On Investar
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings in Investar by 440.9% during the second 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 during the last quarter. Copeland Capital Management LLC grew its position in shares of Investar by 16.4% in the 2nd quarter. Copeland Capital Management LLC now owns 3,492 shares of the financial services provider's stock valued at $67,000 after acquiring an additional 491 shares during the period. CWM LLC increased its stake in shares of Investar by 19.5% during the 3rd quarter. CWM LLC now owns 3,058 shares of the financial services provider's stock worth $71,000 after purchasing an additional 499 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Investar by 24.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,341 shares of the financial services provider's stock valued at $78,000 after purchasing an additional 666 shares during the period. Finally, Rhumbline Advisers lifted its stake in Investar by 12.8% in the 2nd quarter. Rhumbline Advisers now owns 10,451 shares of the financial services provider's stock valued at $202,000 after purchasing an additional 1,182 shares during the last quarter. 50.17% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
ISTR has been the subject of a number of recent research reports. Zacks Research raised Investar from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Piper Sandler raised their target price on shares of Investar to $29.00 and gave the company an "overweight" rating in a research report on Tuesday, October 21st. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Investar in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, Investar has a consensus rating of "Buy" and a consensus target price of $29.00.
View Our Latest Analysis on ISTR
Investar Company Profile
(
Get Free Report)
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.
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