The EVP, Banking President of Investar Holding (NASDAQ: ISTR) is Buying Shares

By Carrie Williams

Today, the EVP, Banking President of Investar Holding (NASDAQ: ISTR), Ryan Finnan, bought shares of ISTR for $12.32K.

This recent transaction increases Ryan Finnan’s holding in the company by 12.32% to a total of $402.7K. Following Ryan Finnan’s last ISTR Buy transaction on February 19, 2016, the stock climbed by 9.2%.

Based on Investar Holding’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $15.45 million and quarterly net profit of $2.13 million. In comparison, last year the company earned revenue of $12.02 million and had a net profit of $2.04 million. The company has a one-year high of $24.40 and a one-year low of $18.20. ISTR’s market cap is $205.9M and the company has a P/E ratio of 24.13.

Starting in December 2014, ISTR received 6 Buy ratings in a row. Three different firms, including Piper Jaffray and Raymond James, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $71.1K worth of ISTR shares and purchased $26.66K worth of ISTR shares. The insider sentiment on Investar Holding has been neutral according to 51 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.