ISTR
Investar Holding CorporationFinancial Services·Banks - Regional
$28.26
$306M market cap
Revenue
$92.2M
Free Cash Flow
$12.5M
Rev Growth
+0.0%
FCF Margin
13.5%
P/FCF
24.5x
EV/FCF
-3.5x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products to individuals and small to medium-sized businesses in South Louisiana. 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 cards; and mobile banking services. It also provides commercial real estate loans; commercial and industri
2-Year Price History
$28.56+94.2%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 53.2 | 11.2 | 9.8 | 12.0 | 9.9 | 9.3 | -0.7 | 543.7 | 194.2 | 14.9 | 6.9% | 0.5x | -- |
| Act | 2025-Q4 | 39.0 | 7.9 | 7.2 | 5.9 | 3.6 | 3.2 | -0.5 | 397.2 | 152.8 | 10.6 | 9.4% | 0.5x | -- |
Valuation & Metrics
Market Stats
Price$28.26
Market Cap$306M
Enterprise Value$-44M
P/S Ratio3.3x
P/FCF24.5x
EV/FCF-3.5x
FCF Margin (TTM)13.5%
FCF Yield4.1%
Dividend Yield (TTM)1.6%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$92.2M
Net Income$18.0M
Free Cash Flow$12.5M
Revenue Growth (YoY)+0.0%
EBITDA Margin20.7%
Net Margin19.5%
FCF Margin13.5%
CapEx % of Revenue1.2%
SBC % of Revenue1.1%
ROIC8.1%
WC Change % Rev-5.9%
Interest Coverage0.5x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.2M
Days to Cover1.0
Change (vs Prior)-20.4%
Need at least 2 settlement dates for chart
Employees
Headcount329
Revenue / Employee$280,164
Gross Profit / Employee$170,617
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
41.3%(+19.8% YoY)
97 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
26.0%(+13.3% YoY)
9 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-0.1% YoY)
2 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BlackRock, Inc.Passive | $30.1M | $19.99 | +$2.9M | +$5.8M | -0.2% | $5.69T |
| Fourthstone LLC | $22.6M | $24.92 | +$3.6M | +$22.6M | -1.7% | $590M |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $16.0M | $27.27 | +$16.0M | +$16.0M | — | $4.04T |
| DIMENSIONAL FUND ADVISORS LPPassive | $11.9M | $19.46 | +$732K | +$1.9M | -0.4% | $480.92B |
| ALLIANCEBERNSTEIN L.P. | $10.7M | $16.22 | −$1.5M | +$508K | -0.3% | $307.70B |
| BANC FUNDS CO LLC | $8.2M | $12.67 | +$0 | −$5.5M | -1.3% | $537M |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $8.2M | $19.23 | +$2.1M | +$2.0M | +2.3% | $1.61T |
| ROYCE & ASSOCIATES LP | $8.0M | $18.40 | −$102K | +$2.2M | -0.9% | $10.09B |
| WELLINGTON MANAGEMENT GROUP LLP | $6.8M | $21.18 | −$863K | +$1.2M | -0.3% | $533.98B |
| HighTower Advisors, LLC | $5.8M | $27.27 | +$5.5M | +$5.5M | -0.2% | $93.93B |
| STATE STREET CORPPassive | $4.8M | $19.58 | +$1.1M | +$1.8M | -0.2% | $2.89T |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $4.5M | $20.93 | +$1.5M | +$1.1M | +0.1% | $184.72B |
| MALTESE CAPITAL MANAGEMENT LLC | $4.3M | $15.60 | −$413K | −$2.8M | -0.6% | $508M |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $3.9M | $27.27 | +$3.9M | +$3.9M | — | $1.91T |
| KENNEDY CAPITAL MANAGEMENT LLC | $3.9M | $19.20 | +$124K | +$1.4M | -1.5% | $4.72B |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $3.7M | $16.76 | +$157K | −$55K | -2.3% | $4.93B |
| Bank of New York Mellon Corp | $3.4M | $23.28 | +$2.4M | +$2.3M | -0.2% | $543.21B |
| NORTHERN TRUST CORPPassive | $3.1M | $21.43 | +$741K | +$437K | -0.2% | $755.34B |
| RENAISSANCE TECHNOLOGIES LLC | $2.9M | $21.53 | +$1.5M | +$1.1M | +1.2% | $63.91B |
| AMERICAN CENTURY COMPANIES INC | $2.7M | $21.75 | −$675K | +$1.2M | +0.7% | $193.48B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.62%
avg per quarter
Holders (ex-self)
-0.61%
excl. this stock
Buyers (this Q)
-0.18%
60 buyers · $0.06B in
Sellers (this Q)
-0.09%
28 sellers · $0.00B out
alpha coverage: 89% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+20.4%
how holders react when this stock falls
On quiet Qs
+3.1%
−10% to +10% baseline
On rallies (+10%+)
-3.9%
how they react when this stock rises
Holders' portfolio flow this Q
+2.2%
inflows — adds are organic
Sellers' portfolio flow this Q
+3.8%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-7.0%
Holder mid (any stock)
-4.6%
Holder rally (any stock)
-4.6%
Biggest decreases this quarter
ACADIAN ASSET MANAGEMENT LLCexited−$4.5MHillsdale Investment Management Inc.exited−$2.6MALLIANCEBERNSTEIN L.P.−$1.5Mα-0.3MARSHALL WACE, LLPexited−$1.4MWELLINGTON MANAGEMENT GROUP LLP−$863Kα-0.3AMERICAN CENTURY COMPANIES INC−$675Kα+0.7PRUDENTIAL FINANCIAL INCexited−$481KMALTESE CAPITAL MANAGEMENT LLC−$413Kα-0.6Squarepoint Ops LLCexited−$346KLSV ASSET MANAGEMENTexited−$326K
New buyers this quarter
Top-5 holders · 44.0%
BlackRock, Inc.--
Fourthstone LLC--
VANGUARD CAPITAL MANAGEMENT LLC--
DIMENSIONAL FUND ADVISORS LP--
ALLIANCEBERNSTEIN L.P.--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Fourthstone LLC827KBANC FUNDS CO LLC307KALLIANCEBERNSTEIN L.P.401KMALTESE CAPITAL MANAGEMENT LLC157KStieven Capital Advisors, L.P.—ROYCE & ASSOCIATES LP292KM3F, Inc.—WELLINGTON MANAGEMENT GROUP LLP251KKENNEDY CAPITAL MANAGEMENT LLC142KHighTower Advisors, LLC212K
Analyst Coverage
Analyst Coverage
Price Targets
Last Quarter (1 analysts)$31.501150.0%
Last Year (2 analysts)$30.25700.0%
Current Price$28.26
Analyst Ratings
3
3
Buy: 3Hold: 3Consensus: Buy
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$96K
2 txns · 1 insider · 3,550 sh
Sells ($, 12mo)
$733K
1 txn · 1 insider · 26,163 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-04-23 | BUY | Jordan Robert Chris | director | 2,000 | $27.36 | $55K | $1.66M |
| 2026-03-12 | BUY | Jordan Robert Chris | director | 1,550 | $26.85 | $42K | $1.58M |
| 2026-01-27 | SELL | D'Angelo John J | director, officer: Chief Executive Officer | 26,163 | $28.01 | $733K | $6.80M |
Order Flow (FINRA, ~3w lag)
13.9%retail-1.3pp
21.7%dark+2.4pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Investar Holding Corporation: Routine Administrative Disclosure Masking Data Scarcity
Overall Risk
4/10
Fraud
2/10
Dilution
3/10
Insolvency
3/10
Earnings Overstated
4/10
Hidden Liabilities
3/10
Legal
2/10
Audit Warnings
2/10
Hidden Upside
3/10
Contextually Acceptable
10/10