Equities analysts expect that Investar Holding Corp (NASDAQ:ISTR) will report earnings of $0.42 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Investar’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.44. Investar posted earnings per share of $0.29 during the same quarter last year, which would indicate a positive year over year growth rate of 44.8%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, October 24th.
On average, analysts expect that Investar will report full-year earnings of $1.65 per share for the current financial year, with EPS estimates ranging from $1.60 to $1.70. For the next financial year, analysts expect that the company will report earnings of $1.96 per share, with EPS estimates ranging from $1.90 to $2.02. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Investar.
Investar (NASDAQ:ISTR) last announced its earnings results on Friday, July 27th. The financial services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. Investar had a return on equity of 7.90% and a net margin of 15.20%. The company had revenue of $15.51 million for the quarter, compared to the consensus estimate of $14.84 million.
Several research analysts have weighed in on the company. BidaskClub upgraded Investar from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 28th. ValuEngine upgraded Investar from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Zacks Investment Research upgraded Investar from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. Finally, Piper Jaffray Companies set a $30.00 price target on Investar and gave the company a “buy” rating in a research note on Sunday, July 29th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $28.75.
Several institutional investors have recently bought and sold shares of ISTR. MetLife Investment Advisors LLC purchased a new stake in shares of Investar in the second quarter valued at approximately $129,000. Rhumbline Advisers purchased a new stake in shares of Investar in the second quarter valued at approximately $225,000. Globeflex Capital L P boosted its stake in shares of Investar by 18.6% in the second quarter. Globeflex Capital L P now owns 14,000 shares of the financial services provider’s stock valued at $387,000 after buying an additional 2,200 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Investar by 39.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 19,426 shares of the financial services provider’s stock valued at $538,000 after buying an additional 5,526 shares in the last quarter. Finally, ELCO Management Co. LLC boosted its stake in shares of Investar by 61.9% in the first quarter. ELCO Management Co. LLC now owns 22,913 shares of the financial services provider’s stock valued at $592,000 after buying an additional 8,761 shares in the last quarter. Hedge funds and other institutional investors own 58.19% of the company’s stock.
Shares of ISTR stock traded up $0.50 during midday trading on Thursday, hitting $27.10. The company had a trading volume of 2,541 shares, compared to its average volume of 15,456. Investar has a 52-week low of $20.35 and a 52-week high of $29.90. The company has a market capitalization of $255.55 million, a P/E ratio of 24.20 and a beta of 0.33. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.44.
Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products for individuals and small to medium-sized businesses in South Louisiana. The company offers various deposit products and services, such as savings, checking, money market, NOW, and individual retirement accounts, as well as various certificates of deposit; debit cards; and mobile banking services.
Featured Story: What kind of dividend yield to CEF’s pay?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Investar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investar and related companies with MarketBeat.com's FREE daily email newsletter.