Investar Holding Corporation (NASDAQ:ISTR)‘s stock had its “overweight” rating restated by analysts at Piper Jaffray Companies in a report released on Thursday, October 5th, Marketbeat Ratings reports. They presently have a $26.00 price target on the financial services provider’s stock. Piper Jaffray Companies’ price target indicates a potential upside of 10.40% from the company’s previous close.
A number of other research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Investar Holding Corporation from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Friday, September 29th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Investar Holding Corporation in a report on Thursday, August 10th. Finally, UBS AG cut shares of Investar Holding Corporation from an “outperform” rating to a “market perform” rating in a report on Thursday, August 10th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Investar Holding Corporation currently has a consensus rating of “Hold” and a consensus target price of $26.50.
Investar Holding Corporation (ISTR) opened at 23.55 on Thursday. Investar Holding Corporation has a 12 month low of $15.45 and a 12 month high of $24.40. The firm has a 50-day moving average of $23.11 and a 200 day moving average of $22.66. The stock has a market cap of $204.77 million, a PE ratio of 23.20 and a beta of 0.36.
Investar Holding Corporation (NASDAQ:ISTR) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). Investar Holding Corporation had a net margin of 15.78% and a return on equity of 5.94%. The company had revenue of $10.10 million for the quarter, compared to the consensus estimate of $9.82 million. Analysts anticipate that Investar Holding Corporation will post $1.15 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC acquired a new stake in shares of Investar Holding Corporation in the 1st quarter worth about $684,000. Stieven Capital Advisors L.P. grew its position in Investar Holding Corporation by 18.4% in the 2nd quarter. Stieven Capital Advisors L.P. now owns 118,400 shares of the financial services provider’s stock valued at $2,711,000 after buying an additional 18,400 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Investar Holding Corporation in the 1st quarter valued at about $835,000. RMB Capital Management LLC bought a new position in Investar Holding Corporation in the 1st quarter valued at about $2,975,000. Finally, Globeflex Capital L P grew its position in Investar Holding Corporation by 17,878.8% in the 1st quarter. Globeflex Capital L P now owns 11,866 shares of the financial services provider’s stock valued at $260,000 after buying an additional 11,800 shares in the last quarter. 61.01% of the stock is currently owned by institutional investors and hedge funds.
Investar Holding Corporation Company Profile
Investar Holding Corporation is financial holding company that conducts its operations through, Investar Bank (the Bank), which is a commercial bank. The Company offers a range of commercial and retail lending products throughout its market areas, including business loans to small to medium-sized businesses, as well as loans to individuals.
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