News stories about Investar (NASDAQ:ISTR) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Investar earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 44.9224421375162 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Investar (NASDAQ:ISTR) traded up $0.30 on Thursday, reaching $23.95. 43,900 shares of the company traded hands, compared to its average volume of 20,717. The company has a market cap of $206.20, a P/E ratio of 22.52 and a beta of 0.33. Investar has a 12-month low of $18.20 and a 12-month high of $24.40. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18.
ISTR has been the subject of several analyst reports. Zacks Investment Research lowered shares of Investar from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $26.00 price objective on shares of Investar in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $26.50.
In related news, EVP Ryan P. Finnan sold 3,000 shares of Investar stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $23.70, for a total value of $71,100.00. Following the transaction, the executive vice president now owns 15,314 shares in the company, valued at approximately $362,941.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Christopher L. Hufft sold 2,500 shares of Investar stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $23.15, for a total transaction of $57,875.00. Following the completion of the transaction, the chief financial officer now owns 23,356 shares in the company, valued at approximately $540,691.40. The disclosure for this sale can be found here. Insiders purchased a total of 1,033 shares of company stock worth $24,263 in the last quarter. Insiders own 8.83% of the company’s stock.
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Investar Company Profile
Investar Holding Corporation is financial holding company that conducts its operations through, Investar Bank (the Bank), which is a commercial bank. The Company offers a 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.
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