Investar Holding (ISTR) Reaches $23.15 52-Week High, Miles Capital Has Raised By $1.12 Million Its Intercontinental Exchange In (ICE) Stake

June 19, 2017 - By Dolores Ford

The stock of Investar Holding Corp (NASDAQ:ISTR) hit a new 52-week high and has $24.31 target or 5.00% above today’s $23.15 share price. The 9 months bullish chart indicates low risk for the $203.41 million company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $24.31 price target is reached, the company will be worth $10.17M more. About 2,931 shares traded. 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.

Miles Capital Inc increased Intercontinental Exchange In (ICE) stake by 380.08% reported in 2016Q4 SEC filing. Miles Capital Inc acquired 20,034 shares as Intercontinental Exchange In (ICE)’s stock rose 1.58%. The Miles Capital Inc holds 25,305 shares with $1.43 million value, up from 5,271 last quarter. Intercontinental Exchange In now has $38.25B valuation. The stock rose 0.11% or $0.07 reaching $64.64 per share. About 78,685 shares traded. Intercontinental Exchange Inc (NYSE:ICE) has risen 13.80% since June 19, 2016 and is uptrending. It has underperformed by 2.90% the S&P500.

Investors sentiment increased to 11.77 in Q4 2016. Its up 10.76, from 1.01 in 2016Q3. It increased, as 32 investors sold ICE shares while 16 reduced holdings. 77 funds opened positions while 488 raised stakes. 1.03 billion shares or 903.33% more from 102.32 million shares in 2016Q3 were reported. Gofen Glossberg Llc Il reported 94,628 shares stake. First Commonwealth Fin Corporation Pa owns 9,590 shares or 0.67% of their US portfolio. First Quadrant Limited Partnership Ca accumulated 10,500 shares. Wellington Grp Inc Limited Liability Partnership holds 26.10 million shares. Tradewinds Capital Ltd Limited Liability Company stated it has 0% of its portfolio in Intercontinental Exchange Inc (NYSE:ICE). Ibm Retirement Fund stated it has 0.14% of its portfolio in Intercontinental Exchange Inc (NYSE:ICE). Nuveen Asset Ltd Company reported 300,659 shares or 0.09% of all its holdings. Agf Invests accumulated 100 shares or 0% of the stock. Hudock Capital Lc reported 246 shares stake. 60,718 were reported by Riverpark Advisors Ltd Liability Com. Cleararc owns 14,476 shares. Blackrock Management Limited Co reported 1.20 million shares or 0.08% of all its holdings. Capital One Natl Association invested in 8,378 shares. Lourd Ltd Llc reported 9,370 shares. Guinness Asset Management Ltd has invested 0.65% in Intercontinental Exchange Inc (NYSE:ICE).

Among 12 analysts covering Intercontinental Exchange (NYSE:ICE), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Intercontinental Exchange had 37 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, December 9. The firm has “Buy” rating by Deutsche Bank given on Friday, January 8. The firm earned “Sector Perform” rating on Tuesday, May 10 by RBC Capital Markets. The firm has “Hold” rating by Standpoint Research given on Sunday, August 9. RBC Capital Markets reinitiated Intercontinental Exchange Inc (NYSE:ICE) rating on Friday, March 31. RBC Capital Markets has “Sector Perform” rating and $60 target. The company was downgraded on Monday, November 2 by Argus Research. The firm has “Buy” rating given on Friday, May 20 by Sterne Agee CRT. Wood maintained Intercontinental Exchange Inc (NYSE:ICE) rating on Friday, March 24. Wood has “Buy” rating and $63.50 target. Barclays Capital reinitiated the shares of ICE in report on Tuesday, December 15 with “Overweight” rating. Deutsche Bank maintained the stock with “Buy” rating in Thursday, August 4 report.

Analysts await Investar Holding Corp (NASDAQ:ISTR) to report earnings on July, 27. They expect $0.23 earnings per share, down 17.86% or $0.05 from last year’s $0.28 per share. ISTR’s profit will be $2.02 million for 25.16 P/E if the $0.23 EPS becomes a reality. After $0.28 actual earnings per share reported by Investar Holding Corp for the previous quarter, Wall Street now forecasts -17.86% negative EPS growth.

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 $203.41 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 21.39 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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