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Stock impact report

Investar Holding Corporation Announces Additional Authorization under Share Repurchase Program

Investar Holding Corporation (ISTR) 
Last investar holding corporation earnings: 4/23 07:00 pm Check Earnings Report
Company Research Source: GlobeNewswire
BATON ROUGE, La., Aug. 27, 2020 (GLOBE NEWSWIRE) -- Investar Holding Corporation (the “Company”) (NASDAQ:ISTR), the holding company for Investar Bank, National Association, today announced that the Board of Directors has approved another 300,000 shares of the Company’s common stock for repurchase under a stock repurchase program, in addition to 62,000 shares remaining under the current repurchase program. The additional shares authorized for repurchase represent approximately 3% of the Company’s outstanding common stock. Recent stock buyback activity includes 134,861 shares that were repurchased by the Company during the third quarter of 2020 at an average price of $14.09. The Company plans to repurchase its shares in open market transactions from time to time or through privately negotiated transactions in accordance with federal securities laws, at the Company’s discretion. The repurchase program, which has no expiration date, may be suspended or terminated at any time. “We belie Show less Read more
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