Investar (NASDAQ:ISTR) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Investar (NASDAQ:ISTR – Get Rating) in a research note issued on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Separately, Zacks Investment Research cut Investar from a “buy” rating to a “hold” rating in a report on Wednesday, February 2nd.

Shares of Investar stock opened at $20.07 on Wednesday. The firm has a market cap of $207.58 million, a P/E ratio of 26.41 and a beta of 0.63. Investar has a 12 month low of $17.08 and a 12 month high of $23.69. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The business’s fifty day simple moving average is $19.08.

Investar (NASDAQ:ISTR – Get Rating) last released its earnings results on Thursday, January 27th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter. The firm had revenue of $23.15 million during the quarter. Investar had a return on equity of 2.26% and a net margin of 7.44%. Equities research analysts predict that Investar will post 2.25 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace North America L.P. bought a new position in shares of Investar in the 2nd quarter valued at about $210,000. Savant Capital LLC bought a new position in shares of Investar in the 4th quarter valued at about $215,000. Royal Bank of Canada grew its holdings in shares of Investar by 18.7% in the 2nd quarter. Royal Bank of Canada now owns 10,539 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 1,658 shares in the last quarter. Trexquant Investment LP grew its holdings in shares of Investar by 28.9% in the 3rd quarter. Trexquant Investment LP now owns 11,270 shares of the financial services provider’s stock valued at $248,000 after acquiring an additional 2,530 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Investar in the 2nd quarter valued at about $361,000. Institutional investors own 55.62% of the company’s stock.

About Investar (Get Rating)

Investar Holding Corp. is a financial holding company, which engages in the provision of full banking services. It offers a full range of commercial and retail lending products throughout its market areas, including business loans to small to medium-sized businesses as well as loans to individuals. Its lending products consists of owner-occupied commercial real estate loans, construction loans and commercial and industrial loans, such as term loans, equipment financing and lines of credit, while its loans to individuals include first and second mortgage loans, installment loans, and lines of credit.

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