Banc Funds Co LLC Amends Investar Holding Corp. Stake Filing
Ticker: ISTR · Form: SC 13G/A · Filed: Feb 8, 2024 · CIK: 1602658
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Banc Funds Co LLC still holds Investar stock, signaling continued institutional confidence.**
AI Summary
Banc Funds Co LLC, a Chicago-based investment firm, filed an amendment to its SC 13G, indicating its ownership of Investar Holding Corp. common stock as of December 31, 2023. This filing, an amendment to a previous disclosure, signals that Banc Funds Co LLC continues to hold a significant, though passive, stake in Investar Holding Corp. For investors, this means a major institutional investor maintains its position, which can be seen as a vote of confidence in the company's long-term prospects.
Why It Matters
This filing shows that a significant institutional investor, Banc Funds Co LLC, continues to hold shares in Investar Holding Corp., suggesting ongoing confidence in the company's value.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a passive investor, indicating no immediate change in strategy or significant new risks.
Analyst Insight
Investors should note the continued presence of an institutional holder, Banc Funds Co LLC, in Investar Holding Corp., which could be a positive signal for stability, but this filing alone doesn't suggest any immediate catalysts for price movement.
Key Players & Entities
- Banc Funds Co LLC (company) — the investment firm filing the SC 13G/A
- Investar Holding Corp. (company) — the subject company whose stock is being reported
- BANC FUND IX L.P. (company) — a group member associated with the filing
- TBFC FINANCIAL TECHNOLOGIES FUND L.P. (company) — a group member associated with the filing
- December 31, 2023 (date) — the date of the event requiring the filing
Forward-Looking Statements
- Banc Funds Co LLC will maintain its passive investment in Investar Holding Corp. for the foreseeable future. (Banc Funds Co LLC) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is Banc Funds Co LLC, located at 20 North Wacker Drive, Suite 3300, Chicago, IL.
What company's stock is the subject of this filing?
The subject company whose stock is being reported is Investar Holding Corp., with a business address at 10500 Coursey Blvd, Third Floor, Baton Rouge, LA.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Investar Holding Corp. is 46134L105.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Filing Stats: 1,437 words · 6 min read · ~5 pages · Grade level 7.3 · Accepted 2024-02-08 16:50:35
Filing Documents
- doc1.htm (SC 13G/A) — 94KB
- 0001567619-24-000102.txt ( ) — 96KB
From the Filing
SC 13G/A 1 doc1.htm NONE Schedule 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 )* Investar Holding Corp. (Name of Issuer) Common Stock (Title of Class of Securities) 46134L105 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: o Rule 13d-1(b) x Rule 13d-1(c) o Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 46134L105 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Banc Fund X L.P. 82-5185037 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION USA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 272896 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 272896 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 272896 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.7% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) N/A FOOTNOTES CUSIP No. 46134L105 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Banc Fund IX L.P. 37-1755531 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION USA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 336721 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 336721 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 336721 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.4% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) N/A FOOTNOTES CUSIP No. 46134L105 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) TBFC Financial Technologies Fund L.P. 88-1405404 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o (b) x 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION USA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) N/A FOOTNOTES Item 1. (a) Name of Issuer Investar Holding Corp. (b) Address of Issuer's Principal Executive Offices 10500 COURSEY BLVDTHIRD FLOORBATON ROUGE LA 70816 Item 2. (a) Name of Person Filing The Banc Funds Company, L.L.C. This Schedule 13G/A is being filed jointly by Banc Fund IX L.P. ("BF IX"), an Illinois Limited Partnership, Banc Fund X L.P. ("BF X"), an Illinois Limited Partnership, and TBFC Financial Technologies Fund L.P. (collectively, the "Reporting Persons"). The general partner of BF IX is MidBan IX L.P. ("MidBan IX"), whose principal business is to be a general partner of BF IX. The general partner of BF X is MidBan X L.P. ("MidBan X"), whose principal business is to be a general partner of BF X. The general partner of TBFC Financial Technologies Fund L.P. is MidBan XI L.P. ("MidBan XI"), whose principal business is to be a general partner of TBFC Financial Technologies Fund L.P. The general partner of MidBan IX, MidBan X, and MidBan XI is The Banc Funds Company, L.L.C., ("TBFC"), whose principal business is to be a general partner of MidBan IX, MidBan X, and MidBan XI. TBFC is an Illinois corporation whose principal shareholder is Charles J. Moore. Mr. Moore has been the manager of BF IX, BF X and TBFC Financial Technologies Fund L.P., since their respective inceptions. As manager, Mr. Moore has voting and dispositive power over the securities of the issuer held by each of those entities. As the controlling member of TBFC, Mr. Moore will control TBFC,