Investar Holding Corporation (NASDAQ:ISTR) Plans Quarterly Dividend of $0.12

Investar Holding Corporation (NASDAQ:ISTR) announced a quarterly dividend on Wednesday, June 17th. Investors of record on Tuesday, June 30th will be given a dividend of 0.12 per share by the financial services provider on Friday, July 31st. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, June 30th. This is a 9.1% increase from Investar’s previous quarterly dividend of $0.11.

Investar has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 10 years. Investar has a dividend payout ratio of 19.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Investar to earn $3.23 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 13.6%.

Investar Stock Performance

Shares of ISTR stock opened at $29.16 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $28.45 and a two-hundred day simple moving average of $27.91. Investar has a 12 month low of $17.89 and a 12 month high of $31.77. The firm has a market capitalization of $402.12 million, a PE ratio of 12.79 and a beta of 0.46.

Investar (NASDAQ:ISTR) last released its quarterly earnings data on Monday, April 20th. The financial services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.18. The firm had revenue of $35.64 million for the quarter, compared to analyst estimates of $36.40 million. Investar had a net margin of 16.53% and a return on equity of 10.62%. Analysts forecast that Investar will post 3.1 EPS for the current fiscal year.

About Investar

Investar Holdings, Inc is a bank holding company headquartered in Baton Rouge, Louisiana, operating through its primary subsidiary, Investar Bank. The company delivers commercial and consumer banking products across southeastern Louisiana and into select Texas markets, focusing on relationship-driven service. Investar Bank’s offerings include deposit accounts, lending solutions, online and mobile banking, and treasury management services.

Its lending portfolio encompasses commercial real estate financing, construction and development loans, commercial and industrial credits, agricultural loans, and residential mortgage originations.