John J. D’angelo Sells 650 Shares of Investar Holding Co. (NASDAQ:ISTR) Stock

Investar Holding Co. (NASDAQ:ISTRGet Free Report) CEO John J. D’angelo sold 650 shares of Investar stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $15.41, for a total value of $10,016.50. Following the completion of the transaction, the chief executive officer now owns 218,564 shares in the company, valued at $3,368,071.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Investar Stock Down 0.5 %

ISTR stock opened at $15.34 on Friday. Investar Holding Co. has a twelve month low of $9.07 and a twelve month high of $17.99. The company has a market cap of $150.79 million, a PE ratio of 8.57 and a beta of 0.77. The business’s 50-day simple moving average is $16.02 and its 200 day simple moving average is $15.59. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.30.

Investar (NASDAQ:ISTRGet Free Report) last released its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.18. The company had revenue of $19.96 million for the quarter, compared to the consensus estimate of $18.78 million. Investar had a return on equity of 8.17% and a net margin of 12.02%. On average, research analysts anticipate that Investar Holding Co. will post 1.4 earnings per share for the current year.

Investar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Thursday, March 28th. Investar’s payout ratio is 22.35%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ISTR shares. StockNews.com raised Investar from a “hold” rating to a “buy” rating in a research report on Thursday. Hovde Group decreased their target price on Investar from $20.50 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 23rd.

View Our Latest Stock Report on Investar

Institutional Investors Weigh In On Investar

A number of institutional investors have recently added to or reduced their stakes in the stock. Boston Partners boosted its holdings in Investar by 24.8% during the first quarter. Boston Partners now owns 23,188 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 4,614 shares in the last quarter. Kennedy Capital Management LLC boosted its holdings in Investar by 36.3% during the first quarter. Kennedy Capital Management LLC now owns 214,513 shares of the financial services provider’s stock valued at $3,509,000 after purchasing an additional 57,178 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Investar during the first quarter valued at approximately $504,000. Hillsdale Investment Management Inc. acquired a new stake in Investar during the first quarter valued at approximately $185,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Investar by 14.3% in the 1st quarter. Russell Investments Group Ltd. now owns 99,326 shares of the financial services provider’s stock worth $1,625,000 after acquiring an additional 12,412 shares in the last quarter. 50.17% of the stock is owned by institutional investors and hedge funds.

Investar Company Profile

(Get Free Report)

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.

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