Investar (NASDAQ:ISTR) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday.

Separately, Zacks Investment Research downgraded shares of Investar from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $29.50.

Shares of Investar stock opened at $23.00 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $223.47 million, a P/E ratio of 14.02 and a beta of 0.21. Investar has a 1 year low of $19.49 and a 1 year high of $29.90.

Investar (NASDAQ:ISTR) last issued its quarterly earnings results on Monday, January 28th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. Investar had a net margin of 17.40% and a return on equity of 9.09%. The company had revenue of $15.64 million during the quarter, compared to analyst estimates of $15.93 million. Equities research analysts expect that Investar will post 1.92 earnings per share for the current fiscal year.

In other news, Director Andrew C. Nelson acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The shares were bought at an average cost of $24.03 per share, with a total value of $48,060.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 2,383 shares of company stock worth $57,135 over the last three months. 9.07% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Ramsey Quantitative Systems grew its position in Investar by 65.4% during the 4th quarter. Ramsey Quantitative Systems now owns 3,166 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 1,252 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in Investar during the 4th quarter valued at about $82,000. MetLife Investment Advisors LLC purchased a new stake in Investar during the 4th quarter valued at about $112,000. JPMorgan Chase & Co. boosted its holdings in shares of Investar by 173.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,117 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 3,246 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Investar by 82.5% during the 4th quarter. Bank of America Corp DE now owns 5,759 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 2,603 shares during the last quarter. 58.13% of the stock is currently owned by 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, NOW, and individual retirement accounts, as well as various certificates of deposit; debit cards; and mobile banking services.

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