Investar (NASDAQ:ISTR) Launch Coverage on StockNews.com

StockNews.com began to cover the shares of Investar (NASDAQ:ISTR – Get a rating) in a research note published Thursday. The brokerage has set a “hold” rating on the shares of the financial services provider.

Other equity research analysts have also recently published research reports on the company. Zacks Investment Research downgraded Investar from a “buy” rating to a “hold” rating in a Wednesday, Feb. 2 research report. TheStreet upgraded Investar from a ‘c’ rating to a ‘b’ rating in a Thursday, March 3 report.

NASDAQ:ISTR shares opened at $19.75 on Thursday. Investar has a 1-year low of $17.08 and a 1-year high of $23.69. The company has a market capitalization of $204.27 million, a price-earnings ratio of 25.99 and a beta of 0.59. The 50-day moving average price of the stock is $19.33. The company has a debt ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95.

Investar (NASDAQ:ISTR – Get a rating) last reported its quarterly earnings data on Thursday, Jan. 27. The financial services provider reported earnings per share of $0.56 for the quarter. The company had revenue of $23.15 million for the quarter. Investar achieved a return on equity of 2.26% and a net margin of 7.44%. As a group, equity research analysts expect Investar to post EPS of 2.25 for the current fiscal year.

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Separately, insider Jeffrey Wayne Martin bought 1,714 shares of the company in a trade that took place on Wednesday, March 2. The shares were acquired at an average price of $20.41 per share, for a total transaction of $34,982.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Company insiders own 10.09% of the company’s shares.

A number of large investors have recently increased or reduced their stakes in the company. Geode Capital Management LLC increased its stake in Investar by 1.0% in the third quarter. Geode Capital Management LLC now owns 101,921 shares of the financial services provider valued at $2,244,000 after purchasing an additional 1,004 shares during the period. Royal Bank of Canada increased its stake in Investar by 18.7% in the second quarter. Royal Bank of Canada now owns 10,539 shares of the financial services provider valued at $241,000 after purchasing an additional 1,658 shares during the period. Trexquant Investment LP increased its stake in Investar by 28.9% in the third quarter. Trexquant Investment LP now owns 11,270 shares of the financial services provider valued at $248,000 after purchasing an additional 2,530 shares during the period. Maltese Capital Management LLC increased its stake in Investar by 0.6% in the fourth quarter. Maltese Capital Management LLC now owns 491,000 shares of the financial services provider valued at $9,039,000 after purchasing an additional 2,700 shares during the period. Finally, Kennedy Capital Management Inc. increased its stake in shares of Investar by 1.7% during the fourth quarter. Kennedy Capital Management Inc. now owns 319,928 shares of the financial services provider worth $5,890,000 after purchasing an additional 5,266 shares during the period. Hedge funds and other institutional investors own 55.62% of the company’s shares.

Investar Company Profile (Get a rating)

Investar Holding Corp. is a financial holding company that provides comprehensive banking services. It offers a full suite of commercial and retail lending products across all of its market sectors, including small and medium business loans as well as personal loans. Its lending products consist of owner-occupied commercial real estate loans, construction loans, and commercial and industrial loans, such as term loans, equipment financing and lines of credit, while its individuals include first and second mortgages, installment loans and lines of credit.

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