Endeavour Capital Advisors Inc. reduced its position in Investar Holding Corp (NASDAQ:ISTR) by 33.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,237 shares of the financial services provider’s stock after selling 31,868 shares during the quarter. Investar accounts for approximately 0.6% of Endeavour Capital Advisors Inc.’s investment portfolio, making the stock its 26th largest holding. Endeavour Capital Advisors Inc. owned approximately 0.68% of Investar worth $1,548,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in shares of Investar by 1.9% in the fourth quarter. BlackRock Inc. now owns 383,124 shares of the financial services provider’s stock valued at $9,234,000 after acquiring an additional 6,969 shares in the last quarter. Vanguard Group Inc. raised its holdings in Investar by 32.3% in the second quarter. Vanguard Group Inc. now owns 366,623 shares of the financial services provider’s stock worth $8,396,000 after purchasing an additional 89,433 shares in the last quarter. Maltese Capital Management LLC raised its holdings in Investar by 63.4% in the fourth quarter. Maltese Capital Management LLC now owns 185,000 shares of the financial services provider’s stock worth $4,459,000 after purchasing an additional 71,800 shares in the last quarter. Stieven Capital Advisors L.P. raised its holdings in Investar by 12.7% in the third quarter. Stieven Capital Advisors L.P. now owns 133,435 shares of the financial services provider’s stock worth $3,216,000 after purchasing an additional 15,035 shares in the last quarter. Finally, Wasatch Advisors Inc. raised its holdings in Investar by 5.2% in the fourth quarter. Wasatch Advisors Inc. now owns 113,208 shares of the financial services provider’s stock worth $2,728,000 after purchasing an additional 5,599 shares in the last quarter. Hedge funds and other institutional investors own 56.39% of the company’s stock.
Investar Holding Corp (NASDAQ:ISTR) opened at $25.35 on Monday. Investar Holding Corp has a 52-week low of $20.25 and a 52-week high of $25.95. The stock has a market capitalization of $241.20, a P/E ratio of 22.43 and a beta of 0.40. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01.
ISTR has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Investar from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Thursday, January 4th. Sandler O’Neill set a $29.00 target price on Investar and gave the company a “buy” rating in a research report on Monday, January 29th. Finally, Hovde Group reiterated an “outperform” rating and issued a $28.00 target price on shares of Investar in a research report on Friday, December 29th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Investar currently has a consensus rating of “Buy” and a consensus price target of $27.50.
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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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