Investar (NASDAQ:ISTR) Posts Earnings Results

by · The Markets Daily

Investar (NASDAQ:ISTR – Get Free Report) issued its quarterly earnings data on Thursday. The financial services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01, FiscalAI reports. Investar had a net margin of 17.55% and a return on equity of 11.65%. The business had revenue of $36.81 million during the quarter, compared to analysts’ expectations of $37.45 million.

Investar Trading Up 1.6%

ISTR traded up $0.45 during trading hours on Thursday, reaching $29.19. 107,309 shares of the company’s stock traded hands, compared to its average volume of 140,600. The firm has a 50-day moving average price of $29.85 and a 200 day moving average price of $29.31. The firm has a market capitalization of $402.15 million, a PE ratio of 12.01 and a beta of 0.45. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.39. Investar has a 52-week low of $22.95 and a 52-week high of $31.77.

Investar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, September 30th. Investar’s dividend payout ratio (DPR) is 19.75%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Investar from a “hold” rating to a “buy” rating in a research report on Sunday, September 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Investar in a report on Thursday, August 27th. Finally, Zacks Research lowered Investar from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.50.

Get Our Latest Stock Analysis on Investar

Investar Company Profile

(Get Free Report)

Investar Corporation is a bank holding company headquartered in Baton Rouge, Louisiana. Through its principal subsidiary, Investar Bank, the company provides banking and financial services to individuals, businesses and other organizations, primarily in Louisiana and surrounding markets.

Investar Bank operates as a full-service community bank. Its offerings include deposit accounts, commercial and consumer lending, residential real estate loans, treasury management services, online and mobile banking, debit cards and other traditional banking products.

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