Texas Capital Bank Wealth Management Services Inc Takes Position in Investar Holding Corporation $ISTR

Key Points

• Texas Capital Bank Wealth Management Services purchased 168,779 Investar shares worth approximately $5.06 million, giving it a 1.22% stake. Institutional investors collectively own 50.17% of the company.
• Investar reported quarterly EPS of $0.75, beating analyst estimates of $0.71, while revenue reached $36.55 million. The company also raised its quarterly dividend to $0.12, implying a 1.6% annualized yield.
• Investar shares recently traded at $30.91, near their 52-week high of $31.77. Analysts’ consensus rating is “Buy,” with an average price target of $31.50.

Texas Capital Bank Wealth Management Services Inc purchased a new position in Investar Holding Corporation (NASDAQ:ISTR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 168,779 shares of the financial services provider's stock, valued at approximately $5,057,000. Texas Capital Bank Wealth Management Services Inc owned about 1.22% of Investar at the end of the most recent reporting period.

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

Investar Stock Performance

NASDAQ:ISTR opened at $30.91 on Tuesday. The stock has a 50-day simple moving average of $29.83 and a two-hundred day simple moving average of $28.80. Investar Holding Corporation has a 52-week low of $21.43 and a 52-week 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 firm has a market capitalization of $425.94 million, a PE ratio of 12.72 and a beta of 0.45.

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

Investar Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ISTR shares. Piper Sandler reissued a "neutral" rating and issued a $31.50 price objective on shares of Investar in a report on Thursday, April 23rd. Weiss Ratings upgraded shares of Investar from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, June 1st. Wall Street Zen raised shares of Investar from a "hold" rating to a "buy" rating in a report on Sunday, May 24th. Finally, Zacks Research upgraded shares of Investar from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $31.50.

Investar 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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