Dimensional Fund Advisors LP bought a new position in Investar Holding Corp (NASDAQ:ISTR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,327 shares of the financial services provider’s stock, valued at approximately $328,000. Dimensional Fund Advisors LP owned about 0.16% of Investar at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nationwide Fund Advisors bought a new position in shares of Investar in the second quarter valued at approximately $104,000. New York State Common Retirement Fund bought a new position in shares of Investar in the second quarter valued at approximately $202,000. Spark Investment Management LLC bought a new position in shares of Investar in the second quarter valued at approximately $203,000. Schwab Charles Investment Management Inc. bought a new position in shares of Investar in the second quarter valued at approximately $319,000. Finally, Teachers Advisors LLC bought a new position in shares of Investar in the second quarter valued at approximately $328,000. Hedge funds and other institutional investors own 61.58% of the company’s stock.
In other news, CFO Christopher L. Hufft sold 2,500 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $23.15, for a total value of $57,875.00. Following the completion of the transaction, the chief financial officer now directly owns 23,356 shares in the company, valued at $540,691.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought 1,045 shares of company stock valued at $24,282 over the last quarter. Insiders own 8.83% of the company’s stock.
Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Investar from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $26.00 price objective on shares of Investar in a report on Thursday, October 5th. Raymond James Financial reiterated a “market perform” rating on shares of Investar in a report on Thursday, August 10th. Finally, UBS cut shares of Investar from an “outperform” rating to a “market perform” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.50.
Investar Holding Corp (ISTR) opened at $23.70 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The stock has a market cap of $205.33, a P/E ratio of 22.43 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.
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Investar 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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