Investar Holding Corp (NASDAQ:ISTR) CFO Christopher L. Hufft sold 686 shares of Investar stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $23.00, for a total value of $15,778.00. Following the completion of the transaction, the chief financial officer now directly owns 26,210 shares of the company’s stock, valued at $602,830. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Investar stock traded down $0.15 during trading on Friday, reaching $22.87. The company’s stock had a trading volume of 7,894 shares, compared to its average volume of 9,097. The stock has a market capitalization of $228.82 million, a P/E ratio of 12.79 and a beta of 0.18. Investar Holding Corp has a one year low of $19.49 and a one year high of $27.84. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.05. The stock has a 50-day moving average price of $23.31 and a two-hundred day moving average price of $23.42.
Investar (NASDAQ:ISTR) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The firm had revenue of $18.07 million during the quarter, compared to analysts’ expectations of $17.54 million. Investar had a return on equity of 9.25% and a net margin of 18.69%. As a group, sell-side analysts anticipate that Investar Holding Corp will post 1.93 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the business. Wasatch Advisors Inc. raised its holdings in Investar by 45.5% during the 2nd quarter. Wasatch Advisors Inc. now owns 204,026 shares of the financial services provider’s stock worth $4,866,000 after purchasing an additional 63,799 shares during the last quarter. Investment House LLC bought a new stake in Investar during the 2nd quarter worth about $306,000. Banc Funds Co. LLC raised its holdings in Investar by 8.1% during the 2nd quarter. Banc Funds Co. LLC now owns 496,881 shares of the financial services provider’s stock worth $11,851,000 after purchasing an additional 37,171 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in Investar by 1,138.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,883 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,731 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Investar by 10.4% during the 2nd quarter. Renaissance Technologies LLC now owns 36,875 shares of the financial services provider’s stock worth $879,000 after purchasing an additional 3,475 shares during the last quarter. 53.87% of the stock is owned by hedge funds and other institutional investors.
Investar Company Profile
Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products for individuals and small to medium-sized businesses in South Louisiana. 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 cards; and mobile banking services.
Recommended Story: What is a Tariff?
Receive News & Ratings for Investar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investar and related companies with MarketBeat.com's FREE daily email newsletter.