Investar Holding price target raised to $29 from $27 at Piper Sandler

Piper Sandler analyst Stephen Scouten raised the firm’s price target on Investar Holding (ISTR) to $29 from $27 and keeps an Overweight rating on the shares. The firm notes Q3 results were better than its expectations at 54c. The strong results came primarily on the higher net interest margin – up 13 bps quarter-to-quarter to 3.06%.