Piper Sandler Upgrades Investar Holding to Overweight, Announces $13.5 Price Target
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Piper Sandler analyst Brett Rabatin upgrades Investar Holding (NASDAQ:ISTR) from Neutral to Overweight and announces $13.5 price target.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/23/2024 | $20.50 → $20.00 | Outperform | Hovde Group |
| 10/5/2023 | $13.50 | Neutral → Overweight | Piper Sandler |
| 10/15/2021 | $27.00 → $20.00 | Overweight → Neutral | Piper Sandler |
4 - Investar Holding Corp (0001602658) (Issuer)
3 - Investar Holding Corp (0001602658) (Issuer)
4 - Investar Holding Corp (0001602658) (Issuer)
Hovde Group reiterated coverage of Investar with a rating of Outperform and set a new price target of $20.00 from $20.50 previously
Piper Sandler upgraded Investar from Neutral to Overweight and set a new price target of $13.50
Piper Sandler downgraded Investar Holding from Overweight to Neutral and set a new price target of $20.00 from $27.00 previously
Investar Holding Corporation ("Investar") (NASDAQ:ISTR), the holding company of Investar Bank, National Association (the "Bank"), announced that it has rejoined the broad-market Russell 3000® Index, effective at the open of U.S. equity markets on Monday, July 1st, as part of the 2024 Russell U.S. Indexes annual reconstitution.
Investar Holding (NASDAQ:ISTR) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.24 by 79.17 percent. This is a 15.69 percent decrease over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $19.96 million which beat the analyst consensus estimate of $18.90 million by 5.63 percent. This is a 6.05 percent decrease over sales of $21.25 million the same period last year.
10-Q - Investar Holding Corp (0001602658) (Filer)
8-K - Investar Holding Corp (0001602658) (Filer)
8-K - Investar Holding Corp (0001602658) (Filer)
4 - Investar Holding Corp (0001602658) (Issuer)
4 - Investar Holding Corp (0001602658) (Issuer)
4 - Investar Holding Corp (0001602658) (Issuer)
SC 13G/A - Investar Holding Corp (0001602658) (Subject)
SC 13G/A - Investar Holding Corp (0001602658) (Subject)
SC 13G/A - Investar Holding Corp (0001602658) (Subject)
BATON ROUGE, LA / ACCESSWIRE / October 21, 2024 / Investar Holding Corporation ("Investar") (NASDAQ:ISTR), the holding company for Investar Bank, National Association (the "Bank"), today announced financial results for the quarter ended September 30, 2024. Investar reported net income of $5.4 million, or $0.54 per diluted common share, for the third quarter of 2024, compared to net income of $4.1 million, or $0.41 per diluted common share, for the quarter ended June 30, 2024, and net income of $2.8 million, or $0.28 per diluted common share, for the quarter ended September 30, 2023.On a non-GAAP basis, core earnings per diluted common share for the third quarter of 2024 were $0.45 compared t
BATON ROUGE, LA / ACCESSWIRE / September 18, 2024 / Investar Holding Corporation (the "Company") (NASDAQ:ISTR), the holding company of Investar Bank, National Association (the "Bank"), declared a quarterly cash dividend of $0.105 per share to holders of the Company's common stock. The dividend is payable on October 31, 2024 to shareholders of record as of September 30, 2024. This represents a 5% increase in the dividend per share compared to the prior quarter and is the 44th quarterly dividend paid by the Company, which follows an uninterrupted 11 quarterly cash dividends paid by the Bank.About Investar Holding CorporationInvestar Holding Corporation, headquartered in Baton Rouge, Louisiana,
BATON ROUGE, LA / ACCESSWIRE / July 22, 2024 / Investar Holding Corporation ("Investar") (NASDAQ:ISTR), the holding company for Investar Bank, National Association (the "Bank"), today announced financial results for the quarter ended June 30, 2024. Investar reported net income of $4.1 million, or $0.41 per diluted common share, for the second quarter of 2024, compared to net income of $4.7 million, or $0.48 per diluted common share, for the quarter ended March 31, 2024, and net income of $6.5 million, or $0.67 per diluted common share, for the quarter ended June 30, 2023.On a non-GAAP basis, core earnings per diluted common share for the second quarter of 2024 were $0.36 compared to $0.43 fo
BATON ROUGE, LA / ACCESSWIRE / October 21, 2024 / Investar Holding Corporation ("Investar") (NASDAQ:ISTR), the holding company for Investar Bank, National Association (the "Bank"), today announced financial results for the quarter ended September 30, 2024. Investar reported net income of $5.4 million, or $0.54 per diluted common share, for the third quarter of 2024, compared to net income of $4.1 million, or $0.41 per diluted common share, for the quarter ended June 30, 2024, and net income of $2.8 million, or $0.28 per diluted common share, for the quarter ended September 30, 2023.On a non-GAAP basis, core earnings per diluted common share for the third quarter of 2024 were $0.45 compared t
BATON ROUGE, LA / ACCESSWIRE / September 18, 2024 / Investar Holding Corporation (the "Company") (NASDAQ:ISTR), the holding company of Investar Bank, National Association (the "Bank"), declared a quarterly cash dividend of $0.105 per share to holders of the Company's common stock. The dividend is payable on October 31, 2024 to shareholders of record as of September 30, 2024. This represents a 5% increase in the dividend per share compared to the prior quarter and is the 44th quarterly dividend paid by the Company, which follows an uninterrupted 11 quarterly cash dividends paid by the Bank.About Investar Holding CorporationInvestar Holding Corporation, headquartered in Baton Rouge, Louisiana,
BATON ROUGE, LA / ACCESSWIRE / July 22, 2024 / Investar Holding Corporation ("Investar") (NASDAQ:ISTR), the holding company for Investar Bank, National Association (the "Bank"), today announced financial results for the quarter ended June 30, 2024. Investar reported net income of $4.1 million, or $0.41 per diluted common share, for the second quarter of 2024, compared to net income of $4.7 million, or $0.48 per diluted common share, for the quarter ended March 31, 2024, and net income of $6.5 million, or $0.67 per diluted common share, for the quarter ended June 30, 2023.On a non-GAAP basis, core earnings per diluted common share for the second quarter of 2024 were $0.36 compared to $0.43 fo