Investar Holding Corp (NASDAQ:ISTR) EVP Ryan P. Finnan sold 3,000 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $23.70, for a total transaction of $71,100.00. Following the sale, the executive vice president now directly owns 15,314 shares of the company’s stock, valued at $362,941.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Investar Holding Corp (NASDAQ ISTR) traded down $0.10 on Monday, hitting $23.65. 10,000 shares of the stock were exchanged, compared to its average volume of 20,667. The stock has a market capitalization of $206.20, a price-to-earnings ratio of 22.52 and a beta of 0.33. Investar Holding Corp has a 1 year low of $18.20 and a 1 year high of $24.40. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01.
A number of analysts have recently issued reports on ISTR shares. Zacks Investment Research lowered shares of Investar from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Piper Jaffray Companies reissued an “overweight” rating and set a $26.00 target price on shares of Investar in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Investar has an average rating of “Hold” and a consensus price target of $26.50.
Several hedge funds have recently added to or reduced their stakes in the stock. Maltese Capital Management LLC raised its holdings in shares of Investar by 19.5% in the third quarter. Maltese Capital Management LLC now owns 113,200 shares of the financial services provider’s stock valued at $2,728,000 after acquiring an additional 18,500 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Investar by 90.5% in the third quarter. Dimensional Fund Advisors LP now owns 27,287 shares of the financial services provider’s stock valued at $658,000 after acquiring an additional 12,960 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Investar by 512,400.0% in the third quarter. Wells Fargo & Company MN now owns 20,500 shares of the financial services provider’s stock valued at $494,000 after acquiring an additional 20,496 shares in the last quarter. Stieven Capital Advisors L.P. raised its holdings in shares of Investar by 12.7% in the third quarter. Stieven Capital Advisors L.P. now owns 133,435 shares of the financial services provider’s stock valued at $3,216,000 after acquiring an additional 15,035 shares in the last quarter. Finally, Wasatch Advisors Inc. raised its holdings in shares of Investar by 23.7% in the third quarter. Wasatch Advisors Inc. now owns 107,609 shares of the financial services provider’s stock valued at $2,593,000 after acquiring an additional 20,609 shares in the last quarter. Hedge funds and other institutional investors own 61.58% of the company’s stock.
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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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