Investar's (ISTR) Hold (C+) Rating Reiterated at Weiss Ratings

Investar (NASDAQ:ISTR - Get Free Report)'s stock had its "hold (c+)" rating reissued by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Piper Sandler lifted their price target on Investar from $22.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $27.00.

Investar Trading Up 0.2%

Investar stock opened at $22.99 on Wednesday. The firm has a 50 day simple moving average of $22.72 and a 200-day simple moving average of $20.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $225.90 million, a PE ratio of 10.26 and a beta of 0.59. Investar has a 12-month low of $15.39 and a 12-month high of $24.81.

Investar (NASDAQ:ISTR - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. The business had revenue of $22.27 million during 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, equities research analysts expect that Investar will post 1.83 EPS for the current fiscal year.

Institutional Trading of Investar

Hedge funds and other institutional investors have recently made changes to their positions in the business. Copeland Capital Management LLC raised its holdings in shares of Investar by 26.4% in the 1st quarter. Copeland Capital Management LLC now owns 3,001 shares of the financial services provider's stock worth $53,000 after purchasing an additional 626 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of 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 period. Rhumbline Advisers raised its holdings in shares of Investar by 12.8% during the second quarter. Rhumbline Advisers now owns 10,451 shares of the financial services provider's stock valued at $202,000 after acquiring an additional 1,182 shares during the period. LSV Asset Management raised its holdings in shares of Investar by 258.8% during the second quarter. LSV Asset Management now owns 12,200 shares of the financial services provider's stock valued at $236,000 after acquiring an additional 8,800 shares during the period. Finally, Savant Capital LLC raised its holdings in shares of Investar by 6.2% during the second quarter. Savant Capital LLC now owns 13,247 shares of the financial services provider's stock valued at $256,000 after acquiring an additional 776 shares during the period. 50.17% of the stock is currently owned by institutional investors.

About Investar

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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