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Investar (ISTR) Moves 5.8% Higher: Will This Strength Last?
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Investar (ISTR - Free Report) shares ended the last trading session 5.8% higher at $20.44. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.5% gain over the past four weeks.
Investar will acquire Wichita Falls Bancshares, the parent of First National Bank, for approximately $83.6 million in cash and stock. The deal includes 3,955,334 Investar shares and $7.2 million in cash, valuing Wichita Falls at $134.67 per share. This marks Investar’s second Texas acquisition, expanding its footprint into North Texas. The transaction is expected to close in the fourth quarter of 2025, pending regulatory and shareholder approvals. This announcement turned investors bullish on ISTR stock, driving it higher.
This holding company for Investar Bank is expected to post quarterly earnings of $0.40 per share in its upcoming report, which represents a year-over-year change of +11.1%. Revenues are expected to be $20.96 million, up 5% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Investar, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on ISTR going forward to see if this recent jump can turn into more strength down the road.
Investar is part of the Zacks Banks - Southeast industry. Amerant Bancorp Inc. (AMTB - Free Report) , another stock in the same industry, closed the last trading session 3.7% higher at $18.9. AMTB has returned 5.7% in the past month.
For Amerant Bancorp, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.38. This represents a change of +35.7% from what the company reported a year ago. Amerant Bancorp currently has a Zacks Rank of #3 (Hold).
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Investar (ISTR) Moves 5.8% Higher: Will This Strength Last?
Investar (ISTR - Free Report) shares ended the last trading session 5.8% higher at $20.44. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.5% gain over the past four weeks.
Investar will acquire Wichita Falls Bancshares, the parent of First National Bank, for approximately $83.6 million in cash and stock. The deal includes 3,955,334 Investar shares and $7.2 million in cash, valuing Wichita Falls at $134.67 per share. This marks Investar’s second Texas acquisition, expanding its footprint into North Texas. The transaction is expected to close in the fourth quarter of 2025, pending regulatory and shareholder approvals. This announcement turned investors bullish on ISTR stock, driving it higher.
This holding company for Investar Bank is expected to post quarterly earnings of $0.40 per share in its upcoming report, which represents a year-over-year change of +11.1%. Revenues are expected to be $20.96 million, up 5% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Investar, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on ISTR going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Investar is part of the Zacks Banks - Southeast industry. Amerant Bancorp Inc. (AMTB - Free Report) , another stock in the same industry, closed the last trading session 3.7% higher at $18.9. AMTB has returned 5.7% in the past month.
For Amerant Bancorp, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.38. This represents a change of +35.7% from what the company reported a year ago. Amerant Bancorp currently has a Zacks Rank of #3 (Hold).