Investar Holding approves 350,000 shares under repurchase program

Investar Holding, the holding company of Investar Bank, National Association, announced that the Board of Directors has authorized the repurchase of an additional 350,000 shares of the Company’s common stock under a stock repurchase program, in addition to 248,439 shares remaining under the current repurchase program. The additional shares authorized for repurchase represent approximately 4% of the Company’s outstanding 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.