Bank of New York Mellon Corp Increases Holdings in Investar Holding Corporation $ISTR
Bank of New York Mellon Corp boosted its stake in Investar Holding Corporation (NASDAQ:ISTR - Free Report) by 240. 9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 123,244 shares of the financial services provider's stock after acquiring
Bank of New York Mellon Corp boosted its stake in Investar Holding Corporation (NASDAQ:ISTR-Free Report) by 240. 9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 123,244 shares of the financial services provider's stock after acquiring an additional 87,095 shares during the period. Bank of New York Mellon Corp owned 0. 90% of Investar worth $3,361,000 as of its most recent filing with the SEC. GetInvestaralerts:3 stocking stuffers you can buy for yourselfSeveral other hedge funds have also recently made changes to their positions in the company. Fourthstone LLC raised its position in shares of Investar by 148. 7% in the fourth quarter. Fourthstone LLC now owns 695,992 shares of the financial services provider's stock valued at $18,597,000 after purchasing an additional 416,145 shares during the period. Alliancebernstein L. P. grew its holdings in shares of Investar by 4. 1% during the third quarter. Alliancebernstein L. P. now owns 431,281 shares of the financial services provider's stock worth $10,010,000 after purchasing an additional 17,015 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Investar by 4. 8% in the 4th quarter. Dimensional Fund Advisors LP now owns 410,563 shares of the financial services provider's stock worth $10,970,000 after buying an additional 18,836 shares during the last quarter. Geode Capital Management LLC increased its stake in Investar by 1. 2% in the second quarter. Geode Capital Management LLC now owns 230,560 shares of the financial services provider's stock valued at $4,455,000 after acquiring an additional 2,639 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Investar by 0. 6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 139,156 shares of the financial services provider's stock valued at $2,688,000 after buying an additional 763 shares in the last quarter. 50. 17% of the stock is currently owned by institutional investors. Investar Trading Down 0. 2%NASDAQ:ISTRopened at $30. 06 on Friday. The company has a market cap of $414. 53 million, a PE ratio of 12. 37 and a beta of 0. 45. The company has a current ratio of 0. 95, a quick ratio of 0. 95 and a debt-to-equity ratio of 0. 40. The company has a 50 day simple moving average of $29. 58 and a two-hundred day simple moving average of $28. 68. Investar Holding Corporation has a 12 month low of $21. 35 and a 12 month high of $31. 77. Investar (NASDAQ:ISTR-Get Free Report) last issued its quarterly earnings data on Monday, July 20th. The financial services provider reported $0. 75 EPS for the quarter, topping the consensus estimate of $0. 71 by $0. 04. Investar had a return on equity of 12. 44% and a net margin of 17. 55%. The company had revenue of $36. 55 million during the quarter, compared to analyst estimates of $36. 35 million. Research analysts forecast that Investar Holding Corporation will post 3. 15 earnings per share for the current year. Investar Increases DividendThe firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were issued a $0. 12 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from Investar's previous quarterly dividend of $0. 11. This represents a $0. 48 dividend on an annualized basis and a dividend yield of 1. 6%. Investar's payout ratio is 19. 75%. Analysts Set New Price TargetsISTR has been the subject of several recent research reports. Piper Sandler reissued a "neutral" rating and issued a $31. 50 price target on shares of Investar in a research note on Thursday, April 23rd. Wall Street Zenupgraded shares of Investar from a "hold" rating to a "buy" rating in a report on Sunday, May 24th. Weiss Ratingsraised Investar from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, June 1st. Finally, Zacks Research raised shares of Investar from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $31. 50. View Our Latest Analysis on InvestarInvestar Profile(Free Report)Investar Holdings, Inc is a bank holding company headquartered in Baton Rouge, Louisiana, operating through its primary subsidiary, Investar Bank. The company delivers commercial and consumer banking products across southeastern Louisiana and into select Texas markets, focusing on relationship-driven service. Investar Bank's offerings include deposit accounts, lending solutions, online and mobile banking, and treasury management services. Its lending portfolio encompasses commercial real estate financing, construction and development loans, commercial and industrial credits, agricultural loans, and residential mortgage originations. See AlsoFive stocks we like better than InvestarDatadog’s Drop Says More About Expectations Than EarningsD-Wave's Quantum Breakthrough Couldn't Save QBTS From a Sell-OffCloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in FocusSolventum Nears Inflection Point As It Begins to Unlock ValueWant to see what other hedge funds are holding ISTR?Visit HoldingsChannel. comto get the latest 13F filings and insider trades for Investar Holding Corporation (NASDAQ:ISTR-Free Report). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat. com. Continue following MarketBeatAdd MarketBeat as your preferred source on Google to see our latest stories in your feed. Should You Invest $1,000 in Investar Right Now?Before you consider Investar, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified thefive stocksthat top analysts are quietly whispering to their clients to buy now before the broader market catches on. . . and Investar wasn't on the list. While Investar currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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