70,668 Shares in Investar Holding Corporation $ISTR Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Investar Holding Corporation (NASDAQ:ISTR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 70,668 shares of the financial services provider's stock, valued at approximately $2,117,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.51% of Investar at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ISTR. Tower Research Capital LLC TRC grew its holdings in Investar by 440.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,899 shares of the financial services provider's stock worth $56,000 after acquiring an additional 2,363 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Investar by 69.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,691 shares of the financial services provider's stock valued at $72,000 after purchasing an additional 1,100 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Investar by 24.9% during the third quarter. BNP Paribas Financial Markets now owns 3,341 shares of the financial services provider's stock worth $78,000 after purchasing an additional 666 shares during the last quarter. CWM LLC grew its stake in Investar by 12.6% in the fourth quarter. CWM LLC now owns 3,442 shares of the financial services provider's stock worth $92,000 after purchasing an additional 384 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Investar by 12.8% in the second quarter. Rhumbline Advisers now owns 10,451 shares of the financial services provider's stock worth $202,000 after purchasing an additional 1,182 shares in the last quarter. Hedge funds and other institutional investors own 50.17% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Zacks Research raised shares of Investar from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 8th. Wall Street Zen raised shares of Investar from a "hold" rating to a "buy" rating in a report on Sunday, May 24th. Finally, Weiss Ratings upgraded shares of Investar from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Investar has an average rating of "Buy" and a consensus price target of $31.50.

Investar Stock Up 0.1%

Shares of ISTR stock opened at $30.29 on Friday. Investar Holding Corporation has a 1 year low of $21.43 and a 1 year high of $31.77. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.95 and a current ratio of 0.95. The business's fifty day moving average is $29.94 and its 200-day moving average is $28.87. The stock has a market cap of $417.40 million, a PE ratio of 12.47 and a beta of 0.45.

Investar (NASDAQ:ISTR - Get Free Report) last released its earnings results on Monday, July 20th. The financial services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.71 by $0.04. The business had revenue of $36.55 million during the quarter, compared to analyst estimates of $36.35 million. Investar had a net margin of 17.55% and a return on equity of 11.65%. Equities analysts expect that Investar Holding Corporation will post 3.15 earnings per share for the current fiscal year.

Investar Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.6%. This is an increase from Investar's previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, June 30th. Investar's dividend payout ratio is presently 19.75%.

Investar Company Profile

Investar Holdings, Inc is a bank holding company headquartered in Baton Rouge, Louisiana, operating through its primary subsidiary, Investar Bank. The company delivers commercial and consumer banking products across southeastern Louisiana and into select Texas markets, focusing on relationship-driven service. Investar Bank's offerings include deposit accounts, lending solutions, online and mobile banking, and treasury management services.

Its lending portfolio encompasses commercial real estate financing, construction and development loans, commercial and industrial credits, agricultural loans, and residential mortgage originations.

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