Sandler O’Neill Remains a Buy on Investar Holding

By Ryan Adsit

Sandler O’Neill analyst Stephen Scouten reiterated a Buy rating on Investar Holding (NASDAQ: ISTR) yesterday and set a price target of $29. The company’s shares closed yesterday at $24.75, close to its 52-week high of $25.55.

According to TipRanks.com, Scouten is a 3-star analyst with an average return of 6.2% and a 65.6% success rate. Scouten covers the Financial sector, focusing on stocks such as Seacoast Banking Corporation Of Florida, Capstar Financial Holdings Inc, and Pinnacle Financial Partners.

Investar Holding has an analyst consensus of Moderate Buy, with a price target consensus of $28.50.

Investar Holding’s market cap is currently $235.5M and has a P/E ratio of 25.52. The company has a book value ratio of 1.3634.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is neutral on the stock. Most recently, in December 2017, Ryan Finnan, the EVP, Banking President of ISTR sold 3,000 shares for a total of $71,100.

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.