ISTR Investar Holding

Investar Holding Corporation, headquartered in Baton Rouge, Louisiana, provides full banking services, excluding trust services, through its wholly-owned banking subsidiary, Investar Bank, National Association. The Bank currently operates 31 branch locations serving south Louisiana, southeast Texas, and southwest Alabama. At December 31, 2020, the Bank had 323 full-time equivalent employees and total assets of $2.3 billion.

ISTR stock data


Investment data

Data from SEC filings
Securities sold
Number of investors


6 Aug 21
22 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Cost of revenue
Operating income
Operating margin
Net income
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
27 Jul 21 Robert Chris Jordan Common Stock Buy Acquire P No No 21.5 2,326 50.01K 46,451
8 Jun 21 Baker James M Common Stock Sell Dispose S No No 23.51 450 10.58K 9,886
7 May 21 Rachel P. Cherco Common Stock By will or laws of descent Acquire W No No 0 561 0 14,858
27 Apr 21 Baker James M Common Stock Sell Dispose S No No 21.7 100 2.17K 10,336

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

55.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 60 56 +7.1%
Opened positions 19 4 +375.0%
Closed positions 15 4 +275.0%
Increased positions 10 23 -56.5%
Reduced positions 23 18 +27.8%
13F shares
Current Prev Q Change
Total value 131.4M 215.84M -39.1%
Total shares 5.73M 5.88M -2.5%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Banc Funds 696.64K $15.95M -4.5%
Fourthstone 619.98K $14.27M +576.9%
Maltese Capital Management 489.43K $11.2M -23.5%
Stieven Capital Advisors 481.08K $11.01M -0.9%
Vanguard 453.14K $10.37M -4.5%
Kennedy Capital Management 250.44K $5.73M +269.7%
Royce & Associates 246.7K $5.65M 0.0%
M3F 244.14K $5.59M NEW
BEN Franklin Resources 194.68K $4.46M 0.0%
Dimensional Fund Advisors 191.37K $4.38M +19.8%
Largest transactions
Shares Bought/sold Change
Fourthstone 619.98K +528.39K +576.9%
BLK Blackrock 131.08K -527.97K -80.1%
EJF Capital 133.64K -456.68K -77.4%
M3F 244.14K +244.14K NEW
Kennedy Capital Management 250.44K +182.7K +269.7%
Maltese Capital Management 489.43K -150.12K -23.5%
Wellington Management 145.23K +145.23K NEW
STT State Street 22.05K -124.33K -84.9%
Millennium Management 136.04K +112.46K +476.9%
Russell Investments 111.4K +99.33K +823.5%

Financial report summary

  • The COVID-19 pandemic may continue to adversely impact our business and financial results.
  • As a business operating in the financial services industry, our business and operations may be adversely affected by prevailing economic conditions and geopolitical matters.
  • Our business strategy includes the continuation of our multi-state growth plans, and our financial condition and results of operations could be negatively affected if we fail to grow or fail to manage our growth effectively.
  • Our business is concentrated in southern Louisiana, southeast Texas, and western Alabama, and an economic downturn affecting these areas may magnify the adverse effects and consequences to us.
  • Adverse economic factors affecting particular industries could have a negative effect on our customers and their ability to make payments to us.
  • We have a significant number of loans secured by real estate, and a downturn in the real estate market could result in losses and negatively impact our profitability.
  • Commercial real estate loans may expose us to greater risks than our other real estate loans.
  • Commercial and industrial loans may expose us to greater risk than other loans.
  • Changes in interest rates could have an adverse effect on our profitability.
  • Our allowance for loan losses may prove to be insufficient to absorb losses inherent in our loan portfolio, and we may be required to further increase our provision for loan losses.
  • Loss of our senior executive officers or other key employees and our inability to recruit or retain suitable replacements could adversely affect our business, results of operations and growth prospects.
  • Changes in the method pursuant to which the LIBOR and other benchmark rates are determined could adversely impact our business and results of operations.
  • Hurricanes or other adverse weather conditions, as well as man-made disasters, could negatively affect our local markets or disrupt our operations, which may adversely affect our business and results of operations.
  • Our failure to effectively implement new technologies could adversely affect our operations and financial condition.
  • We rely on information technology and telecommunications systems, many of which are provided by third-party vendors.
  • Cyber-attacks or other security breaches could adversely affect our operations, net income or reputation.
  • We may need to raise additional capital in the future to execute our business strategy.
  • Competition in our industry is intense, which could adversely affect our growth and profitability.
  • If the goodwill that we record in connection with a business acquisition becomes impaired, it could require charges to earnings, which would have a negative impact on our financial condition and results of operations.
  • Factors outside our control could result in impairment of or losses with respect to our investment securities.
  • A lack of liquidity could adversely affect our ability to fund operations and meet our obligations as they become due.
  • We face significant operational and other risks related to our activities, which could expose us to negative publicity, litigation and/or regulatory action.
  • We operate in a highly regulated environment, which could restrain our growth and profitability.
  • Federal regulators periodically examine our business, and we may be required to remediate adverse examination findings.
  • We are subject to numerous laws designed to protect consumers, including the Community Reinvestment Act and fair lending laws, and failure to comply with these laws could lead to a wide variety of sanctions.
  • We face a risk of noncompliance and enforcement action with the Bank Secrecy Act and other anti-money laundering statutes and regulations.
  • Our success depends on our ability to respond to the threats and opportunities of fintech innovation.
  • We may be required to pay significantly higher FDIC deposit insurance premiums in the future.
  • Our use of third-party vendors and our other ongoing third-party business relationships are subject to increasing regulatory requirements and attention.
  • The market price of our common stock may be volatile, which may make it difficult for investors to sell their shares at the volume, prices and times desired.
  • Shares eligible for future sale could adversely affect market prices of our common stock.
  • Our dividend policy may change without notice, and our future ability to pay dividends is subject to restrictions.
  • Our Restated Articles of Incorporation and By-laws, and certain banking laws applicable to us, could have an anti-takeover effect that decreases our chances of being acquired, even if our acquisition is in our shareholders’ best interests.
  • Our issuance of preferred stock could adversely affect holders of our common stock and discourage a takeover.
  • An investment in our common stock is not an insured deposit and is subject to risk of loss.
Management Discussion
  • 2020 vs. 2019. For the year ended December 31, 2020, net income was $13.9 million, or $1.27 per basic and diluted common share, compared to net income of $16.8 million, or $1.68 per basic common share and $1.66 per diluted common share, for the year ended December 31, 2019. The primary drivers of the decrease in net income are related to the state of the economy and financial markets during the year ended December 31, 2020 resulting from the pandemic, along with an increase in noninterest expenses primarily related to our growth. As shown on the consolidated statement of income for the year ended December 31, 2020, a provision for loan losses of $11.2 million was recorded, primarily attributable to the COVID-19 pandemic, compared to a provision for loan losses of $1.9 million for the year ended December 31, 2019. Return on average assets decreased to 0.61% for the year ended December 31, 2020 from 0.85% for the year ended December 31, 2019. Return on average equity was 5.77% for the year ended December 31, 2020 compared to 8.21% for the year ended December 31, 2019. The decrease in both return on average assets and return on average equity is mainly attributable to the $2.9 million decrease in net income.
Content analysis
H.S. sophomore Avg
New words: Calhoun, CDC, conducted, Delta, Disease, inflation, Prairieville, recommend, reinstitute, reinstituted, risen, slightly, transitory, transmission, vaccinated, variant, wear, widely
Removed: absence, accessibility, consultant, counterparty, design, dollar, execution, experiencing, external, fact, location, minimizing, remotely, requested, single, thereof