Boston Partners Has $496,000 Holdings in Investar Holding Corporation $ISTR

Key Points

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Boston Partners lessened its holdings in Investar Holding Corporation (NASDAQ:ISTR - Free Report) by 34.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,160 shares of the financial services provider's stock after selling 15,124 shares during the period. Boston Partners owned 0.29% of Investar worth $496,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ISTR. JPMorgan Chase & Co. lifted its stake in shares of Investar by 45.2% in the 4th quarter. JPMorgan Chase & Co. now owns 23,830 shares of the financial services provider's stock valued at $523,000 after purchasing an additional 7,413 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Investar by 47.8% during the fourth quarter. Wells Fargo & Company MN now owns 8,309 shares of the financial services provider's stock valued at $182,000 after buying an additional 2,688 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Investar by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 341,384 shares of the financial services provider's stock valued at $7,497,000 after buying an additional 23,895 shares during the last quarter. Northern Trust Corp raised its position in shares of Investar by 3.6% during the fourth quarter. Northern Trust Corp now owns 101,031 shares of the financial services provider's stock valued at $2,219,000 after buying an additional 3,477 shares during the last quarter. Finally, Rhino Investment Partners Inc raised its position in shares of Investar by 383.8% during the fourth quarter. Rhino Investment Partners Inc now owns 145,448 shares of the financial services provider's stock valued at $3,194,000 after buying an additional 115,387 shares during the last quarter. Institutional investors and hedge funds own 50.17% of the company's stock.

Investar Stock Performance

NASDAQ ISTR opened at $22.27 on Tuesday. The stock has a market cap of $218.91 million, a P/E ratio of 9.94 and a beta of 0.60. The company's 50-day simple moving average is $21.01 and its 200 day simple moving average is $19.20. Investar Holding Corporation has a twelve month low of $15.39 and a twelve month high of $24.81. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.34.

Investar (NASDAQ:ISTR - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The financial services provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. The firm had revenue of $22.27 million for the quarter, compared to analysts' expectations of $21.15 million. Investar had a net margin of 14.33% and a return on equity of 8.84%. As a group, research analysts forecast that Investar Holding Corporation will post 1.83 earnings per share for the current fiscal year.

Investar Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.0%. This is an increase from Investar's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Monday, June 30th. Investar's payout ratio is currently 19.64%.

Wall Street Analysts Forecast Growth

ISTR has been the topic of a number of analyst reports. Wall Street Zen cut shares of Investar from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. Piper Sandler upped their target price on shares of Investar from $22.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd.

Investar 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.

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