Is Investar Holding Corp (ISTR) a Buy? The Stock Reaches 52-Week High Today

June 19, 2017 - By Clifton Ray

The stock of Investar Holding Corp (NASDAQ:ISTR) hit a new 52-week high and has $23.82 target or 4.00 % above today’s $22.90 share price. The 5 months bullish chart indicates low risk for the $201.22 million company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $23.82 price target is reached, the company will be worth $8.05M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 20,654 shares traded or 1.58% up from the average. Investar Holding Corp (NASDAQ:ISTR) has risen 48.68% since June 19, 2016 and is uptrending. It has outperformed by 31.98% the S&P500.

Wall Street await Investar Holding Corp (NASDAQ:ISTR) to release earnings on July, 27. Analysts forecast EPS of $0.23, down exactly $0.05 or 17.86 % from 2014’s $0.28 EPS. The expected ISTR’s profit could reach $2.02 million giving the stock 24.89 P/E in the case that $0.23 earnings per share is reported. After posting $0.28 EPS for the previous quarter, Investar Holding Corp’s analysts now forecast -17.86 % negative EPS growth.

More recent Investar Holding Corp (NASDAQ:ISTR) news were published by: Globenewswire.com which released: “Investar Holding Corporation Announces Pricing of Common Stock Offering” on March 16, 2017. Also Globenewswire.com published the news titled: “Investar Holding Corporation Announces Agreement to Acquire Citizens …” on March 08, 2017. Marketwatch.com‘s news article titled: “22.9992” with publication date: July 03, 2014 was also an interesting one.

Investar Holding Corporation is financial holding firm that conducts its activities through, Investar Bank , which is a commercial bank. The company has market cap of $201.22 million. The Firm offers a range of commercial and retail lending products throughout its market areas, including business loans to small to medium-sized businesses, as well as loans to individuals. It has a 21.16 P/E ratio. It serves its primary markets of Baton Rouge, New Orleans, Hammond and Lafayette, Louisiana, and their surrounding metropolitan areas from its office located in Baton Rouge and from approximately 10 additional service branches.

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