Investar (NASDAQ:ISTR) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Investar (NASDAQ:ISTR) announced its earnings results on Friday. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01, FiscalAI reports. Investar had a net margin of 18.81% and a return on equity of 12.62%. The business had revenue of $36.81 million during the quarter, compared to the consensus estimate of $37.45 million.

Investar Price Performance

Shares of NASDAQ ISTR opened at $28.04 on Friday. The company has a market capitalization of $386.31 million, a PE ratio of 10.66 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. The stock’s 50 day moving average price is $29.75 and its 200-day moving average price is $29.31. Investar has a twelve month low of $22.95 and a twelve month high of $31.77.

Investar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, September 30th. Investar’s payout ratio is presently 18.25%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ISTR. Wall Street Zen lowered Investar from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research downgraded Investar from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Investar in a research report on Thursday, August 27th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $31.50.

Investar Company Profile

Investar Holding Corporation is a bank holding company headquartered in Baton Rouge, Louisiana. Through its principal subsidiary, Investar Bank, the company provides community banking services to individuals, businesses and institutions.

Investar Bank offers a range of deposit products, including checking, savings and money market accounts, certificates of deposit and commercial deposit services. Its lending activities include commercial and industrial loans, commercial real estate financing, residential mortgage loans, construction and development lending, and consumer loans.

The bank also provides treasury management, online and mobile banking, cash management and other financial services.