Vanguard Group Inc. grew its holdings in Investar Holding Corporation (NASDAQ:ISTR) by 1.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 277,190 shares of the financial services provider’s stock after acquiring an additional 4,300 shares during the period. Vanguard Group Inc. owned 3.96% of Investar Holding Corporation worth $6,070,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. River Oaks Capital LLC grew its stake in Investar Holding Corporation by 11.8% during the first quarter. River Oaks Capital LLC now owns 209,200 shares of the financial services provider’s stock valued at $4,581,000 after acquiring an additional 22,100 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Investar Holding Corporation by 52.8% in the 1st quarter. Alliancebernstein L.P. now owns 132,271 shares of the financial services provider’s stock worth $2,897,000 after buying an additional 45,732 shares in the last quarter. Finally, Stieven Capital Advisors L.P. purchased a new position in shares of Investar Holding Corporation in the 1st quarter worth $2,190,000. Hedge funds and other institutional investors own 61.01% of the company’s stock.
ISTR has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Investar Holding Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 23rd. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Investar Holding Corporation in a research note on Thursday, August 10th. Finally, UBS AG lowered shares of Investar Holding Corporation from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $24.50.
Investar Holding Corporation (ISTR) traded up 1.56% during mid-day trading on Friday, hitting $22.85. 15,109 shares of the stock traded hands. Investar Holding Corporation has a 12-month low of $15.35 and a 12-month high of $23.75. The company has a 50 day moving average of $22.34 and a 200-day moving average of $22.27. The stock has a market cap of $198.68 million, a PE ratio of 22.51 and a beta of 0.33.
Investar Holding Corporation (NASDAQ:ISTR) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $10.10 million during the quarter, compared to analysts’ expectations of $9.82 million. Investar Holding Corporation had a return on equity of 5.94% and a net margin of 15.78%. Equities research analysts forecast that Investar Holding Corporation will post $1.15 earnings per share for the current year.
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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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