The EVP, Banking President of Investar Holding is Exercising Options

By Carrie Williams

Today it was reported that the EVP, Banking President of Investar Holding (ISTRResearch Report), Ryan Finnan, exercised options to sell 1,500 ISTR shares at $14.00 a share, for a total transaction value of $35.06K.

This is Finnan’s first Sell trade following 3 Buy transactions. In addition to Ryan Finnan, 3 other ISTR executives reported Sell trades in the last month.

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Based on Investar Holding’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $24.08 million and quarterly net profit of $4.89 million. In comparison, last year the company earned revenue of $19.2 million and had a net profit of $3.76 million. The company has a one-year high of $27.84 and a one-year low of $19.49. ISTR’s market cap is $231.9M and the company has a P/E ratio of 14.28.

In the last 30 days, insiders have sold $63.81K worth of ISTR shares and purchased $1,058 worth of ISTR shares. The insider sentiment on Investar Holding has been negative according to 59 insider trades in the past three months. This sentiment is lower 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.