Investar up after Piper Sandler PT raise on Wichita Falls Bancshares deal

Investar Holding

02/07/2025 17:12

** Shares of U.S. bank Investar Holding ISTR.O rise 5% to $21.45

** Piper Sandler raises PT on ISTR to $27 from $22

** ISTR's acquisition of Wichita Falls Bancshares expands its footprint in Texas, increasing its asset exposure and marking its entry into the North Dallas market - Piper

** Deal enhances ISTR's scale and geographic diversification, positioning it for continued growth in a high-potential region while preserving its community banking model - brokerage

** ISTR said on Tuesday it would buy Wichita Falls Bancshares in a deal valued at $83.6 million

** Up to last close, ISTR down 7% YTD

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))