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

Copeland Capital Management LLC trimmed its stake in Investar Holding Co. (NASDAQ:ISTR) by 19.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,375 shares of the financial services provider’s stock after selling 563 shares during the period. Copeland Capital Management LLC’s holdings in Investar were worth $52,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Ritholtz Wealth Management grew its position in 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 buying an additional 20,196 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Investar by 46.2% during the third quarter. JPMorgan Chase & Co. now owns 16,417 shares of the financial services provider’s stock worth $318,000 after purchasing an additional 5,190 shares during the period. Barclays PLC boosted its holdings in Investar by 25.0% during the third quarter. Barclays PLC now owns 26,122 shares of the financial services provider’s stock valued at $507,000 after purchasing an additional 5,224 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Investar by 49.6% in 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 purchasing an additional 53,434 shares during the period. Finally, State Street Corp raised its holdings in shares of Investar by 5.6% in the 3rd quarter. State Street Corp now owns 108,540 shares of the financial services provider’s stock worth $2,117,000 after buying an additional 5,774 shares in the last quarter. Institutional investors own 50.17% of the company’s stock.

Wall Street Analyst Weigh In

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

Investar Price Performance

NASDAQ:ISTR opened at $19.07 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.85. The firm has a market cap of $187.46 million, a PE ratio of 9.35 and a beta of 0.81. Investar Holding Co. has a 12 month low of $14.60 and a 12 month high of $24.81. The company’s 50-day moving average price is $21.60 and its two-hundred day moving average price is $20.11.

Investar (NASDAQ:ISTR) last released its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.26. Investar had a return on equity of 8.00% and a net margin of 12.81%. On average, equities analysts anticipate that Investar Holding Co. will post 1.83 EPS for the current fiscal year.

Investar Announces Dividend

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

Insider Buying and Selling at Investar

In related news, Director Scott G. Ginn purchased 8,475 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were acquired at an average cost of $23.68 per share, with a total value of $200,688.00. Following the completion of the purchase, the director now directly owns 8,475 shares of the company’s stock, valued at $200,688. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.73% of the company’s stock.

Investar Company 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.