Investar Holding Corporation (ISTR) Downgraded by Zacks Investment Research

Investar Holding Corporation (NASDAQ:ISTR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Investar Holding Corporation is a bank holding company for Investar Bank. It offers a range of commercial and retail lending products throughout its market areas, including business loans to small to medium-sized businesses and professional concerns, as well as loans to individuals. The company accepts various 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, electronic statements, positive pay, ACH origination and wire transfer, investment sweep accounts, and business Internet banking, as well as debit cards and mobile banking services. Investar Holding Corporation is headquartered in Baton Rouge, Louisiana. “

A number of other equities analysts also recently issued reports on ISTR. Piper Jaffray Companies reissued an “overweight” rating and issued a $26.00 price objective on shares of Investar Holding Corporation in a report on Thursday, October 5th. UBS AG downgraded shares of Investar Holding Corporation from an “outperform” rating to a “market perform” rating in a report on Thursday, August 10th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Investar Holding Corporation in a report on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $26.50.

Shares of Investar Holding Corporation (NASDAQ ISTR) opened at 24.20 on Wednesday. Investar Holding Corporation has a 52 week low of $15.44 and a 52 week high of $24.40. The stock has a market capitalization of $210.42 million, a PE ratio of 23.84 and a beta of 0.35. The company’s 50 day moving average is $22.88 and its 200-day moving average is $22.62.

Investar Holding Corporation (NASDAQ:ISTR) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. On average, equities analysts predict that Investar Holding Corporation will post $1.15 earnings per share for the current year.

WARNING: “Investar Holding Corporation (ISTR) Downgraded by Zacks Investment Research” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/11/investar-holding-corporation-istr-downgraded-by-zacks-investment-research.html.

Several institutional investors and hedge funds have recently bought and sold shares of ISTR. EJF Capital LLC purchased a new position in shares of Investar Holding Corporation in the first quarter worth approximately $11,990,000. RMB Capital Management LLC purchased a new position in shares of Investar Holding Corporation in the first quarter worth approximately $2,975,000. State Street Corp purchased a new position in shares of Investar Holding Corporation in the second quarter worth approximately $2,510,000. Northern Trust Corp purchased a new position in shares of Investar Holding Corporation in the second quarter worth approximately $2,114,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Investar Holding Corporation by 32.3% in the second quarter. Vanguard Group Inc. now owns 366,

According to Zacks, “Investar Holding Corporation is a bank holding company for Investar Bank. It offers a range of commercial and retail lending products throughout its market areas, including business loans to small to medium-sized businesses and professional concerns, as well as loans to individuals. The company accepts various 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, electronic statements, positive pay, ACH origination and wire transfer, investment sweep accounts, and business Internet banking, as well as debit cards and mobile banking services. Investar Holding Corporation is headquartered in Baton Rouge, Louisiana. “

A number of other equities analysts also recently issued reports on ISTR. Piper Jaffray Companies reissued an “overweight” rating and issued a $26.00 price objective on shares of Investar Holding Corporation in a report on Thursday, October 5th. UBS AG downgraded shares of Investar Holding Corporation from an “outperform” rating to a “market perform” rating in a report on Thursday, August 10th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Investar Holding Corporation in a report on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $26.50.

Shares of Investar Holding Corporation (NASDAQ ISTR) opened at 24.20 on Wednesday. Investar Holding Corporation has a 52 week low of $15.44 and a 52 week high of $24.40. The stock has a market capitalization of $210.42 million, a PE ratio of 23.84 and a beta of 0.35. The company’s 50 day moving average is $22.88 and its 200-day moving average is $22.62.

Investar Holding Corporation (NASDAQ:ISTR) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. On average, equities analysts predict that Investar Holding Corporation will post $1.15 earnings per share for the current year.

WARNING: “Investar Holding Corporation (ISTR) Downgraded by Zacks Investment Research” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/11/investar-holding-corporation-istr-downgraded-by-zacks-investment-research.html.

Several institutional investors and hedge funds have recently bought and sold shares of ISTR. EJF Capital LLC purchased a new position in shares of Investar Holding Corporation in the first quarter worth approximately $11,990,000. RMB Capital Management LLC purchased a new position in shares of Investar Holding Corporation in the first quarter worth approximately $2,975,000. State Street Corp purchased a new position in shares of Investar Holding Corporation in the second quarter worth approximately $2,510,000. Northern Trust Corp purchased a new position in shares of Investar Holding Corporation in the second quarter worth approximately $2,114,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Investar Holding Corporation by 32.3% in the second quarter. Vanguard Group Inc. now owns 366,623 shares of the financial services provider’s stock worth $8,396,000 after buying an additional 89,433 shares during the last quarter. 61.01% of the stock is currently owned by institutional investors.

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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