Wellington Management Group LLP Has $3.13 Million Stock Position in Investar Holding Co. (NASDAQ:ISTR)

Wellington Management Group LLP raised its holdings in Investar Holding Co. (NASDAQ:ISTR - Free Report) by 49.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,182 shares of the financial services provider's stock after acquiring an additional 53,434 shares during the quarter. Wellington Management Group LLP owned about 1.64% of Investar worth $3,127,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ISTR. Copeland Capital Management LLC bought a new position in shares of Investar in the 3rd quarter valued at approximately $57,000. MetLife Investment Management LLC raised its position in shares of Investar by 129.1% in the third quarter. MetLife Investment Management LLC now owns 5,429 shares of the financial services provider's stock valued at $105,000 after purchasing an additional 3,059 shares during the period. Rhumbline Advisers lifted its stake in shares of Investar by 2,810.1% in the second quarter. Rhumbline Advisers now owns 10,622 shares of the financial services provider's stock worth $164,000 after buying an additional 10,257 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new stake in shares of Investar during the 3rd quarter worth $272,000. Finally, BNP Paribas Financial Markets grew its stake in Investar by 851.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,320 shares of the financial services provider's stock valued at $278,000 after buying an additional 12,815 shares during the last quarter. 50.17% of the stock is owned by institutional investors.

Insider Activity at Investar

In other news, Director Scott G. Ginn bought 8,475 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was acquired at an average cost of $23.68 per share, for a total transaction of $200,688.00. Following the completion of the purchase, the director now owns 8,475 shares of the company's stock, valued at $200,688. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Investar from a "buy" rating to a "hold" rating in a research report on Wednesday, October 30th.

Investar Stock Performance

NASDAQ ISTR traded down $1.06 during trading on Wednesday, hitting $21.95. The company's stock had a trading volume of 58,527 shares, compared to its average volume of 41,614. Investar Holding Co. has a 52 week low of $14.10 and a 52 week high of $24.81. The firm has a market cap of $215.72 million, a P/E ratio of 12.26 and a beta of 0.79. The firm has a 50 day moving average price of $22.37 and a 200 day moving average price of $18.98. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.85.

Investar (NASDAQ:ISTR - Get Free Report) last announced its earnings results on Monday, October 21st. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.12. The business had revenue of $40.39 million for the quarter, compared to analyst estimates of $20.07 million. Investar had a net margin of 11.35% and a return on equity of 6.94%. Equities research analysts forecast that Investar Holding Co. will post 1.64 earnings per share for the current fiscal year.

Investar Profile

Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products to individuals, professionals, and small to medium-sized businesses in south Louisiana, southeast Texas, and Alabama in the United States. The company offers various deposit products and services, such as savings, checking, money market, and individual retirement accounts, as well as various certificates of deposit; debit and credit cards; internet, mobile, and video banking services; and reciprocal deposit products.