Investar (NASDAQ:ISTR) raised to “B” at TheStreet

Investar (NASDAQ:ISTR – Get a rating) was upgraded by TheStreet research analysts from a “c” rating to a “b” rating in a research report released Thursday to clients and investors, TheStreetRatingsTable reports.

Several other research companies have also recently weighed in on the ISTR. StockNews.com began covering Investors shares in a research note on Wednesday. They issued a “hold” rating for the company. Zacks Investment Research upgraded Investors’ shares from a “buy” to a “hold” rating in a Wednesday, Feb. 2 research note.

NASDAQ:ISTR shares opened at $20.38 on Thursday. The stock has a fifty-day moving average of $19.24 and a 200-day moving average of $19.87. The company has a market capitalization of $210.79 million, a PE ratio of 26.82 and a beta of 0.59. Investar has a 1-year low of $17.08 and a 1-year high of $23.69. The company has a debt ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95.

Investar (NASDAQ:ISTR – Get Rating) last released its results on Thursday, January 27. The financial services provider reported EPS of $0.56 for the quarter. The company had revenue of $23.15 million for the quarter. Investar posted a net margin of 7.44% and a return on equity of 2.26%. As a group, research analysts expect Investar to post EPS of 2.25 for the current fiscal year.

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Separately, insider Jeffrey Wayne Martin acquired 1,714 shares of the company in a trade that took place on Wednesday, March 2. The shares were acquired at an average cost of $20.41 per share, with a total value of $34,982.74. The purchase was disclosed in a legal filing with the SEC, which is available at this link. In the past three months, insiders have purchased 2,214 shares of the company worth $44,194. Insiders hold 10.09% of the shares of the company.

A number of large investors have recently changed their stock holdings. Marshall Wace North America LP acquired a new equity stake in Investar during the second quarter worth $210,000. Savant Capital LLC bought a new position in Investar during the fourth quarter worth approximately $215,000. Royal Bank of Canada increased its position in Investar by 18.7% during the second quarter. Royal Bank of Canada now owns 10,539 shares of the financial services provider valued at $241,000 after buying an additional 1,658 shares in the last quarter. Trexquant Investment LP increased its position in Investar by 28.9% during the third quarter. Trexquant Investment LP now owns 11,270 shares of the financial services provider valued at $248,000 after buying an additional 2,530 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Investar during the second quarter worth approximately $361,000. 55.62% of the shares are held by institutional investors and hedge funds.

Investar Company Profile (Get a rating)

Investar Holding Corp. is a financial holding company that provides comprehensive banking services. It offers a full suite of commercial and retail lending products across all of its market sectors, including small and medium business loans as well as personal loans. Its lending products consist 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 individuals include first and second mortgages, installment loans and lines of credit.

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