The COO of Investar Holding (NASDAQ: ISTR) is Selling Shares

By Carrie Williams

Today, the COO of Investar Holding (NASDAQ: ISTR), Babin Dane, sold shares of ISTR for $20.02K.

Following Babin Dane M.’s last ISTR Sell transaction on August 14, 2017, the stock climbed by 1.8%. In addition to Babin Dane, one other ISTR executive reported Sell trades in the last month.

Based on Investar Holding’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $16.99 million and quarterly net profit of $2.28 million. In comparison, last year the company earned revenue of $11.94 million and had a net profit of $1.85 million. The company has a one-year high of $25.55 and a one-year low of $18.31. ISTR’s market cap is $235.5M and the company has a P/E ratio of 25.52.

In the last 30 days, insiders have sold $20.02K worth of ISTR shares and purchased $4,977 worth of ISTR shares. The insider sentiment on Investar Holding has been neutral according to 53 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

Babin Dane M.’s trades have generated a 23.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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.