The CEO of Investar Holding (NASDAQ: ISTR) is Buying Shares

By Carrie Williams

Today, the CEO of Investar Holding (NASDAQ: ISTR), John D’angelo, bought shares of ISTR for $2,605.

Following John D’angelo’s last ISTR Buy transaction on August 15, 2017, the stock climbed by 3.8%. In addition to John D’angelo, 3 other ISTR executives reported Buy trades in the last month.

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Based on Investar Holding’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $18.16 million and quarterly net profit of $2.4 million. In comparison, last year the company earned revenue of $11.96 million and had a net profit of $1.86 million. ISTR’s market cap is $255.5M and the company has a P/E ratio of 27.97. Currently, Investar Holding has an average volume of 37.05K.

Starting in December 2014, ISTR received 17 Buy ratings in a row. Four different firms, including Piper Jaffray and Raymond James, currently also have a Buy rating on the stock.

The insider sentiment on Investar Holding has been neutral according to 59 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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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.