Dimensional Fund Advisors LP boosted its position in shares of Investar Holding Corp (NASDAQ:ISTR) by 90.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,287 shares of the financial services provider’s stock after acquiring an additional 12,960 shares during the period. Dimensional Fund Advisors LP owned 0.31% of Investar worth $658,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Nationwide Fund Advisors purchased a new stake in Investar during the second quarter valued at approximately $104,000. The Manufacturers Life Insurance Company purchased a new stake in Investar during the second quarter valued at approximately $190,000. New York State Common Retirement Fund purchased a new stake in Investar during the second quarter valued at approximately $202,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Investar in the second quarter worth $226,000. Finally, SG Americas Securities LLC purchased a new position in shares of Investar in the third quarter worth $300,000. 57.04% of the stock is owned by institutional investors.
A number of research analysts have issued reports on ISTR shares. Zacks Investment Research cut shares of Investar from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Hovde Group reaffirmed an “outperform” rating and issued a $28.00 price target on shares of Investar in a report on Friday, December 29th. Finally, Sandler O’Neill set a $29.00 price target on shares of Investar and gave the stock a “buy” rating in a report on Monday, January 29th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $27.50.
In other news, EVP Ryan P. Finnan sold 3,000 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $23.70, for a total value of $71,100.00. Following the sale, the executive vice president now owns 15,314 shares in the company, valued at $362,941.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.83% of the stock is owned by corporate insiders.
Investar Holding Corp (NASDAQ ISTR) opened at $24.20 on Monday. The stock has a market cap of $230.26, a price-to-earnings ratio of 21.42 and a beta of 0.35. Investar Holding Corp has a fifty-two week low of $19.75 and a fifty-two week high of $25.95. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18.
Investar (NASDAQ:ISTR) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. The business had revenue of $13.78 million during the quarter, compared to analysts’ expectations of $13.54 million. Investar had a net margin of 14.35% and a return on equity of 6.37%. sell-side analysts expect that Investar Holding Corp will post 1.72 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 3rd were issued a $0.0315 dividend. The ex-dividend date was Tuesday, January 2nd. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.52%. This is a boost from Investar’s previous quarterly dividend of $0.03. Investar’s dividend payout ratio (DPR) is currently 13.40%.
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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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