12,065 Shares in Investar Holding Co. (NASDAQ:ISTR) Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. acquired a new stake in shares of Investar Holding Co. (NASDAQ:ISTR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,065 shares of the financial services provider’s stock, valued at approximately $180,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Investar during the 3rd quarter worth approximately $149,000. Janney Montgomery Scott LLC lifted its holdings in shares of Investar by 231.7% during the third quarter. Janney Montgomery Scott LLC now owns 40,466 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 28,266 shares during the period. Barclays PLC boosted its stake in shares of Investar by 23.0% in the 3rd quarter. Barclays PLC now owns 13,166 shares of the financial services provider’s stock valued at $139,000 after purchasing an additional 2,461 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Investar by 11.5% in the 2nd quarter. Alliancebernstein L.P. now owns 154,753 shares of the financial services provider’s stock worth $1,874,000 after purchasing an additional 16,000 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Investar in the 2nd quarter worth about $159,000. 50.17% of the stock is owned by institutional investors and hedge funds.

Investar Trading Down 0.3 %

Shares of ISTR stock opened at $15.68 on Wednesday. The company has a market capitalization of $153.35 million, a P/E ratio of 9.28 and a beta of 0.77. Investar Holding Co. has a 12-month low of $9.07 and a 12-month high of $17.99. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.24. The firm has a 50-day moving average price of $16.21 and a 200 day moving average price of $14.11.

Investar (NASDAQ:ISTR) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.14. The company had revenue of $20.25 million during the quarter, compared to analyst estimates of $20.84 million. Investar had a net margin of 11.94% and a return on equity of 8.64%. Research analysts forecast that Investar Holding Co. will post 1.32 earnings per share for the current fiscal year.

Investar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Thursday, March 28th. Investar’s dividend payout ratio is currently 23.67%.

Investar Company Profile

Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products to individuals, professionals, and small to medium-sized businesses in south Louisiana, southeast Texas, and Alabama in the United States. The company offers various deposit products and services, such as savings, checking, money market, and individual retirement accounts, as well as various certificates of deposit; debit and credit cards; internet, mobile, and video banking services; and reciprocal deposit products.