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HomeMarketResultsInvestar Holding Co. (NASDAQ:ISTR) Short Interest Update

Investar Holding Co. (NASDAQ:ISTR) Short Interest Update


Investar Holding Co. (NASDAQ:ISTRGet Rating) was the goal of a big decline briefly curiosity in the course of the month of December. As of December fifteenth, there was quick curiosity totalling 8,300 shares, a decline of 17.8% from the November thirtieth whole of 10,100 shares. Roughly 0.1% of the corporate’s inventory are quick offered. Based mostly on a median every day buying and selling quantity, of 10,200 shares, the short-interest ratio is presently 0.8 days.

Analyst Rankings Adjustments

ISTR has been the topic of quite a few analysis reviews. StockNews.com downgraded shares of Investar from a “strong-buy” score to a “purchase” score in a report on Wednesday, November 2nd. Piper Sandler diminished their worth goal on shares of Investar to $23.00 in a report on Thursday, September twenty ninth.

Investar Inventory Efficiency

Shares of Investar stock traded up $0.02 throughout buying and selling on Monday, hitting $21.53. 85 shares of the inventory have been exchanged, in comparison with its common quantity of 16,253. The inventory’s fifty day shifting common is $21.71 and its 200 day shifting common is $21.64. The inventory has a market cap of $212.95 million, a PE ratio of 6.54 and a beta of 0.49. The corporate has a debt-to-equity ratio of 1.83, a fast ratio of 0.98 and a present ratio of 0.98. Investar has a 12 month low of $18.07 and a 12 month excessive of $23.72.

Investar (NASDAQ:ISTRGet Rating) final launched its quarterly earnings outcomes on Monday, October twenty fourth. The monetary companies supplier reported $0.71 EPS for the quarter, topping the consensus estimate of $0.65 by $0.06. The enterprise had income of $26.13 million in the course of the quarter, in comparison with analyst estimates of $24.56 million. Investar had a internet margin of 29.21% and a return on fairness of 11.71%. As a gaggle, sell-side analysts anticipate that Investar will submit 2.71 EPS for the present 12 months.

Investar Broadcasts Dividend

The enterprise additionally not too long ago introduced a quarterly dividend, which shall be paid on Tuesday, January thirty first. Buyers of document on Monday, January 2nd shall be given a $0.095 dividend. The ex-dividend date of this dividend is Thursday, December twenty ninth. This represents a $0.38 dividend on an annualized foundation and a yield of 1.76%. Investar’s dividend payout ratio is presently 11.55%.

Insider Shopping for and Promoting

In different Investar information, Director James M. Baker offered 3,730 shares of Investar inventory in a transaction on Friday, October twenty eighth. The shares have been offered at a median worth of $20.79, for a complete worth of $77,546.70. Following the completion of the transaction, the director now owns 7,650 shares of the corporate’s inventory, valued at $159,043.50. The transaction was disclosed in a submitting with the SEC, which is accessible via the SEC website. Insiders personal 10.27% of the corporate’s inventory.

Hedge Funds Weigh In On Investar

Institutional buyers and hedge funds have not too long ago purchased and offered shares of the inventory. Concourse Monetary Group Securities Inc. purchased a brand new place in Investar within the 2nd quarter valued at about $131,000. Dimensional Fund Advisors LP grew its place in Investar by 7.5% within the third quarter. Dimensional Fund Advisors LP now owns 251,717 shares of the monetary companies supplier’s inventory valued at $5,009,000 after shopping for an extra 17,508 shares within the final quarter. Wellington Administration Group LLP grew its place in Investar by 19.2% within the 1st quarter. Wellington Administration Group LLP now owns 189,308 shares of the monetary companies supplier’s inventory valued at $3,614,000 after shopping for an extra 30,477 shares within the final quarter. Millennium Administration LLC grew its place in Investar by 11.2% within the 2nd quarter. Millennium Administration LLC now owns 66,346 shares of the monetary companies supplier’s inventory valued at $1,453,000 after shopping for an extra 6,696 shares within the final quarter. Lastly, Jacobs Levy Fairness Administration Inc. grew its place in Investar by 44.2% within the third quarter. Jacobs Levy Fairness Administration Inc. now owns 40,424 shares of the monetary companies supplier’s inventory valued at $804,000 after shopping for an extra 12,383 shares within the final quarter. Institutional buyers personal 58.66% of the corporate’s inventory.

About Investar

(Get Rating)

Investar Holding Company operates because the financial institution holding firm for Investar Financial institution that gives a variety of economic banking merchandise to people and small to medium-sized companies in South Louisiana. The corporate presents varied deposit services, reminiscent of financial savings, checking, cash market, and particular person retirement accounts, in addition to varied certificates of deposit; debit playing cards; and cellular banking companies.

Additional Studying

This prompt information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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