Piper Jaffray Believes Investar Holding (NASDAQ: ISTR) Still Has Room to Grow

By Ryan Adsit

In a report released today, Peyton Green from Piper Jaffray assigned a Buy rating to Investar Holding (NASDAQ: ISTR), with a price target of $26. The company’s shares opened today at $24.15, close to its 52-week high of $24.40.

According to TipRanks.com, Green is a 4-star analyst with an average return of 10.1% and a 75.5% success rate. Green covers the Financial sector, focusing on stocks such as Enterprise Financial Services Corp, Union First Market Bankshares Corp, and Old National Bancorp Capital.

Investar Holding has an analyst consensus of Moderate Buy, with a price target consensus of $26.

Investar Holding’s market cap is currently $211.6M and has a P/E ratio of 23.30. The company has a book value ratio of 1.4030.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ISTR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Investar Holding Corp. operates as a bank holding company through its wholly-owned subsidiary, Investar Bank. It offers commercial and retail lending products including business loans to small to medium-sized businesses as well as loans to individuals.