Christopher L. Hufft Sells 686 Shares of Investar Holding Corp (NASDAQ:ISTR) Stock

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.

ISTR has been the subject of a number of research analyst reports. Raymond James raised Investar from a “market perform” rating to an “outperform” rating in a report on Monday, July 8th. DA Davidson reaffirmed a “buy” rating on shares of Investar in a report on Monday, July 22nd. Zacks Investment Research cut Investar from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Finally, ValuEngine cut Investar from a “hold” rating to a “sell” rating in a report on Friday, June 21st. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. Investar presently has a consensus rating of “Hold” and a consensus price target of $28.33.

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.

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