Copeland Capital Management LLC Has $52,000 Stock Position in Investar Holding Co. (NASDAQ:ISTR)

Copeland Capital Management LLC cut its holdings in shares of Investar Holding Co. (NASDAQ:ISTR) by 19.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,375 shares of the financial services provider’s stock after selling 563 shares during the quarter. Copeland Capital Management LLC’s holdings in Investar were worth $52,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in Investar by 14.4% during the second quarter. Dimensional Fund Advisors LP now owns 251,235 shares of the financial services provider’s stock valued at $3,869,000 after purchasing an additional 31,589 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Investar by 49.6% during the 3rd quarter. Wellington Management Group LLP now owns 161,182 shares of the financial services provider’s stock valued at $3,127,000 after acquiring an additional 53,434 shares in the last quarter. State Street Corp increased its stake in shares of Investar by 5.6% in the third quarter. State Street Corp now owns 108,540 shares of the financial services provider’s stock worth $2,117,000 after acquiring an additional 5,774 shares during the last quarter. Ritholtz Wealth Management raised its holdings in shares of Investar by 51.7% during the fourth quarter. Ritholtz Wealth Management now owns 59,233 shares of the financial services provider’s stock worth $1,301,000 after acquiring an additional 20,196 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in Investar by 5.2% during the third quarter. Empowered Funds LLC now owns 51,524 shares of the financial services provider’s stock valued at $1,000,000 after purchasing an additional 2,546 shares during the last quarter. Hedge funds and other institutional investors own 50.17% of the company’s stock.

Investar Stock Performance

ISTR stock opened at $19.07 on Monday. The firm has a 50 day moving average of $21.60 and a two-hundred day moving average of $20.11. Investar Holding Co. has a 12 month low of $14.60 and a 12 month high of $24.81. The company has a market capitalization of $187.46 million, a price-to-earnings ratio of 9.35 and a beta of 0.81. 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) last issued its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.26. Investar had a net margin of 12.81% and a return on equity of 8.00%. As a group, equities analysts anticipate that Investar Holding Co. will post 1.83 EPS for the current fiscal year.

Investar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Tuesday, December 31st. Investar’s payout ratio is 20.59%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, Director Scott G. Ginn bought 8,475 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was purchased at an average price of $23.68 per share, with a total value of $200,688.00. Following the transaction, the director now directly owns 8,475 shares in the company, valued at approximately $200,688. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 8.73% of the company’s stock.

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.