Headlines about Investar (NASDAQ:ISTR) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Investar earned a news impact score of 0.16 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.5768099563091 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Investar stock traded down $0.20 during trading hours on Wednesday, reaching $28.30. The stock had a trading volume of 8,700 shares, compared to its average volume of 16,489. The company has a market cap of $279.35 million, a P/E ratio of 25.27 and a beta of 0.36. Investar has a twelve month low of $20.25 and a twelve month high of $29.90. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.02 and a current ratio of 1.02.
Investar (NASDAQ:ISTR) last issued its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The business had revenue of $14.93 million during the quarter, compared to the consensus estimate of $14.22 million. Investar had a net margin of 13.78% and a return on equity of 7.01%. equities research analysts forecast that Investar will post 1.65 EPS for the current year.
A number of research analysts have weighed in on ISTR shares. BidaskClub downgraded shares of Investar from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 15th. ValuEngine upgraded shares of Investar from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Sandler O’Neill set a $30.00 price objective on shares of Investar and gave the stock a “buy” rating in a research report on Tuesday, April 24th. Finally, Zacks Investment Research upgraded shares of Investar from a “sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $27.75.
In related news, Director James M. Baker bought 1,010 shares of the business’s stock in a transaction dated Monday, June 4th. The stock was acquired at an average price of $27.80 per share, with a total value of $28,078.00. Following the completion of the purchase, the director now directly owns 6,977 shares of the company’s stock, valued at $193,960.60. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have bought 1,168 shares of company stock valued at $32,168 in the last three months. Corporate insiders own 9.07% of the company’s stock.
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, NOW, and individual retirement accounts, as well as various certificates of deposit; debit cards; and mobile banking services.
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