Investar Holding Corporation (ISTR) to Issue Quarterly Dividend of $0.12 on October 30th

Investar Holding Corporation (NASDAQ:ISTR) declared a quarterly dividend on Wednesday, September 16th. Investors of record on Wednesday, September 30th will be given a dividend of 0.12 per share by the financial services provider on Friday, October 30th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, September 30th.

Investar has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 10 years. Investar has a payout ratio of 21.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Investar to earn $3.29 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 14.6%.

Investar Stock Down 0.2%

Shares of ISTR opened at $30.27 on Friday. 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 company has a 50-day moving average price of $30.22 and a two-hundred day moving average price of $28.99. The stock has a market cap of $417.12 million, a price-to-earnings ratio of 12.46 and a beta of 0.45. Investar has a 12 month low of $21.43 and a 12 month high of $31.77.

Investar (NASDAQ:ISTR) last announced its quarterly earnings results on Monday, July 20th. The financial services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.71 by $0.04. Investar had a return on equity of 11.65% and a net margin of 17.55%.The business had revenue of $36.55 million for the quarter, compared to analyst estimates of $36.35 million. Equities analysts predict that Investar will post 3.15 EPS for the current fiscal year.

Institutional Trading of Investar

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new position in Investar during the 2nd quarter valued at about $210,000. WINTON GROUP Ltd acquired a new position in Investar in the second quarter valued at approximately $367,000. Engineers Gate Manager LP acquired a new position in Investar in the second quarter valued at approximately $545,000. Squarepoint Ops LLC bought a new position in Investar in the second quarter valued at approximately $1,219,000. Finally, AXQ Capital LP acquired a new stake in Investar during the 2nd quarter worth $212,000. 50.17% of the stock is currently owned by institutional investors and hedge funds.

Investar Company Profile

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

Investar Bank offers deposit products, including checking, savings, money market and certificate of deposit accounts, along with lending services. Its loan activities include commercial and industrial loans, commercial real estate and construction financing, residential mortgage loans and consumer credit.