ISTR - Investar to buyback additional 350K shares

2023-07-20 06:44:55 ET

• Investar ( NASDAQ: ISTR ) Board of Directors has authorized the repurchase of an additional 350,000 shares in addition to 248,439 shares remaining under the current repurchase program.
• The additional shares authorized for repurchase represent ~ 4% of common stock.
• Recent stock buyback activity includes 138,275 shares that were repurchased by the company during the first two quarters of 2023 at an average price of $14.39.
• Since the inception of the stock repurchase program in 2015, the company has paid $46.7M to repurchase 2,451,561 shares at an average price of $19.05.
• The current market cap is ~128M.

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