In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Investar Holding Corp (NASDAQ:ISTR) reported that EJF Capital has picked up 547,485 of common stock as of 2017-03-27.
The acquisition brings the aggregate amount owned by EJF Capital to a total of 547,485 representing a 6.2% stake in the company
For those not familiar with the company, Investar Holding Corporation is financial holding company that conducts its operations through, Investar Bank (the Bank), which is a commercial bank. The Company 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 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. The Bank’s other banking services include cashiers’ checks, direct deposit of payroll and Social Security checks, night depository, bank-by-mail, automated teller machines with deposit automation and debit cards. The Company’s business lending products include owner-occupied commercial real estate loans, construction loans, and commercial and industrial loans, such as term loans, equipment financing and lines of credit.
A glance at Investar Holding Corp (NASDAQ:ISTR)’s key stats reveals a current market capitalization of 190.05 Million based on 8.58 Million shares outstanding and a price at last close of $22.05 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-02-24, Lukinovich picked up 412 at a purchase price of $20.50. This brings their total holding to 10,433 as of the date of the filing.
On the sell side, the most recent transaction saw Baker unload 19,684 shares at a sale price of $15.16. This brings their total holding to 4,199.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Investar Holding Corp (NASDAQ:ISTR) as things move forward to see if its progress aligns with these transactions.
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