Recent analyst rating updates for Investar (ISTR)


Invest (NASDAQ: ISTR) recently received a number of price target changes and ratings updates:

  • 04/11/2022 – Investar is now covered by analysts at StockNews.com. They have placed a “holding” rating on the stock.
  • 06/04/2022 – Investar has been updated by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a price target of $21.00 on the stock. According to Zacks, “Investar Holding Corporation is a bank holding company for Investar Bank. It offers a range of commercial and retail lending products across all of its market sectors, including small and medium-sized business and professional loans, as well as personal loans. The company accepts a variety of deposit products, including savings, checking, money market, and NOW accounts, as well as various certificates of deposit and individual retirement accounts. It also provides cash management products and services, such as remote deposit capture, e-statements, positive payment, ACH issue and wire transfer, investment swipe accounts and e-banking. Internet for business, as well as debit cards and mobile banking. Investar Holding Corporation is headquartered in Baton Rouge, Louisiana. “
  • 03/04/2022 – Investar is now covered by analysts at StockNews.com. They have placed a “holding” rating on the stock.
  • 03/26/2022 – Investar is now covered by analysts at StockNews.com. They have placed a “holding” rating on the stock.
  • 03/18/2022 – Investar is now covered by analysts at StockNews.com. They have placed a “holding” rating on the stock.
  • 03/10/2022 – Investar is now covered by analysts at StockNews.com. They have placed a “holding” rating on the stock.
  • 03/03/2022 – Investar has been upgraded by TheStreet analysts from a ‘c’ rating to a ‘b’ rating.
  • 02/03/2022 – Investar is now covered by analysts at StockNews.com. They have placed a “holding” rating on the stock.
  • 02/22/2022 – Investar is now covered by analysts at StockNews.com. They have placed a “holding” rating on the stock.
  • 02/14/2022 – Investar is now covered by analysts at StockNews.com. They have placed a “holding” rating on the stock.

Shares of ISTR NASDAQ opened at $18.75 on Thursday. Investar Holding Co. has a one-year low of $17.08 and a one-year high of $23.69. The company has a debt ratio of 0.50, a quick ratio of 0.91 and a current ratio of 0.91. The company’s fifty-day moving average is $19.58 and its two-hundred-day moving average is $19.22. The company has a market capitalization of $193.31 million, a P/E ratio of 24.67 and a beta of 0.58.

Invest (NASDAQ: ISTRGet a rating) last announced its results on Thursday, January 27. The financial services provider reported earnings per share of $0.56 for the quarter. Investar posted a net margin of 7.44% and a return on equity of 2.27%. The company had revenue of $23.15 million in the quarter. On average, sell-side analysts expect Investor Holding Co. to post earnings per share of 2.32 for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 29. Shareholders of record on Thursday, March 31 will receive a dividend of $0.085. This represents a dividend of $0.34 on an annualized basis and a yield of 1.81%. The ex-dividend date is Wednesday, March 30. This is a boost from Investor’s previous quarterly dividend of $0.08. Investar’s dividend payout ratio is currently 44.74%.

In other Investar news, insider Jeffrey Wayne Martin bought 1,714 shares of Investorar in a trade dated Wednesday, March 2. The stock was purchased at an average price of $20.41 per share, for a total transaction of $34,982.74. The purchase was disclosed in an SEC filing, available at this hyperlink. During the last quarter, insiders purchased 2,314 shares of the company valued at $46,759. Insiders of the company hold 9.75% of the shares of the company.

Hedge funds have recently changed their positions in the stock. Trexquant Investment LP increased its stake in shares of Investar by 28.9% during the 3rd quarter. Trexquant Investment LP now owns 11,270 shares of the financial services provider worth $248,000 after buying an additional 2,530 shares in the last quarter. Savant Capital LLC purchased a new equity stake in Investar during Q4 for approximately $215,000. Citadel Advisors LLC purchased a new stake in shares of Investar during Q2 for a value of approximately $361,000. Morgan Stanley increased its stake in Investar shares by 42.6% during the second quarter. Morgan Stanley now owns 18,674 shares of the financial services provider worth $428,000 after buying an additional 5,576 shares last quarter. Finally, FJ Capital Management LLC purchased a new equity stake in Investar during Q3 for approximately $450,000. 55.62% of the shares are held by institutional investors and hedge funds.

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

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Luisa D. Fuller