Investar Holding Corp (NASDAQ:ISTR) – Analysts at FIG Partners issued their Q3 2018 earnings estimates for shares of Investar in a report issued on Wednesday, October 10th. FIG Partners analyst K. Fitzsimmons expects that the financial services provider will earn $0.42 per share for the quarter. FIG Partners currently has a “Buy” rating and a $30.00 target price on the stock. FIG Partners also issued estimates for Investar’s Q4 2018 earnings at $0.44 EPS, FY2018 earnings at $1.66 EPS, Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.48 EPS, Q3 2019 earnings at $0.51 EPS, Q4 2019 earnings at $0.53 EPS, FY2019 earnings at $1.96 EPS, Q1 2020 earnings at $0.52 EPS, Q2 2020 earnings at $0.55 EPS, Q3 2020 earnings at $0.58 EPS and FY2020 earnings at $2.24 EPS.
Investar (NASDAQ:ISTR) last released its quarterly earnings results on Friday, July 27th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.01. Investar had a net margin of 15.20% and a return on equity of 7.90%. The business had revenue of $15.51 million for the quarter, compared to analyst estimates of $14.84 million.
Several other research firms have also issued reports on ISTR. Zacks Investment Research raised shares of Investar from a “sell” rating to a “hold” rating in a report on Saturday, September 29th. ValuEngine raised shares of Investar from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. BidaskClub lowered shares of Investar from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 18th. Finally, Piper Jaffray Companies set a $30.00 price target on shares of Investar and gave the stock a “buy” rating in a report on Sunday, July 29th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $29.20.
NASDAQ ISTR opened at $26.42 on Monday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.05 and a current ratio of 1.05. Investar has a 12-month low of $20.35 and a 12-month high of $29.90. The firm has a market capitalization of $256.99 million, a price-to-earnings ratio of 23.59 and a beta of 0.33.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Monday, October 8th will be paid a dividend of $0.045 per share. This is an increase from Investar’s previous quarterly dividend of $0.04. This represents a $0.18 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, October 4th. Investar’s payout ratio is presently 16.07%.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Investar by 12.4% during the second quarter. BlackRock Inc. now owns 428,064 shares of the financial services provider’s stock worth $11,836,000 after buying an additional 47,276 shares during the period. Royce & Associates LP acquired a new stake in shares of Investar during the second quarter worth $2,732,000. Northern Trust Corp lifted its stake in shares of Investar by 5.9% during the second quarter. Northern Trust Corp now owns 98,551 shares of the financial services provider’s stock worth $2,725,000 after buying an additional 5,510 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Investar by 38.9% during the second quarter. Dimensional Fund Advisors LP now owns 70,520 shares of the financial services provider’s stock worth $1,950,000 after buying an additional 19,753 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Investar by 39.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 19,426 shares of the financial services provider’s stock worth $538,000 after buying an additional 5,526 shares during the period. Institutional investors and hedge funds own 58.19% of the company’s stock.
Investar Company Profile
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.
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