Investar Holding assumed with a Neutral at Piper Sandler

Piper Sandler analyst Stephen Scouten assumed coverage of Investar Holding (ISTR) with a Neutral rating and $21 price target While Louisiana s banks seem to trade at a bit of a discount over time, Home Bancorp should show stable progress in 2025 and its expansion outside of the state will continue to pay dividends over the longer term, the analyst tells investors in a research note. However, the firm sees a longer path to peer-like profitability for Investar given its liability-sensitive balance sheet.