Analysts forecast that Investar Holding Corp (NASDAQ:ISTR) will announce $0.49 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Investar’s earnings, with estimates ranging from $0.48 to $0.50. Investar reported earnings of $0.41 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 19.5%. The firm is scheduled to announce its next earnings results on Thursday, October 24th.
On average, analysts expect that Investar will report full year earnings of $1.93 per share for the current year, with EPS estimates ranging from $1.89 to $1.97. For the next fiscal year, analysts anticipate that the company will report earnings of $2.18 per share, with EPS estimates ranging from $2.00 to $2.27. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Investar.
Investar (NASDAQ:ISTR) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. Investar had a net margin of 18.69% and a return on equity of 9.25%. The firm had revenue of $18.07 million during the quarter, compared to analysts’ expectations of $17.54 million.
A number of equities analysts have commented on ISTR shares. Zacks Investment Research cut shares of Investar from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. FIG Partners reaffirmed an “outperform” rating on shares of Investar in a research report on Monday, April 29th. ValuEngine cut shares of Investar from a “hold” rating to a “sell” rating in a research report on Friday, June 21st. DA Davidson reaffirmed a “buy” rating on shares of Investar in a research report on Monday, July 22nd. Finally, Raymond James raised shares of Investar from a “market perform” rating to an “outperform” rating in a research report on Monday, July 8th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $28.33.
In other news, CFO Christopher L. Hufft sold 1,250 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $23.55, for a total value of $29,437.50. Following the completion of the sale, the chief financial officer now owns 26,006 shares of the company’s stock, valued at $612,441.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 9.64% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its position in Investar by 1,138.8% during the first quarter. BNP Paribas Arbitrage SA now owns 1,883 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,731 shares during the period. Metropolitan Life Insurance Co. NY bought a new stake in Investar during the fourth quarter worth about $82,000. Royal Bank of Canada lifted its position in Investar by 129,900.0% during the second quarter. Royal Bank of Canada now owns 3,900 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 3,897 shares during the period. MetLife Investment Advisors LLC bought a new stake in Investar during the fourth quarter worth about $112,000. Finally, Bank of America Corp DE lifted its position in Investar by 82.5% during the fourth quarter. Bank of America Corp DE now owns 5,759 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 2,603 shares during the period. 52.71% of the stock is owned by institutional investors.
ISTR stock traded up $0.51 during midday trading on Friday, reaching $23.25. 18,600 shares of the company were exchanged, compared to its average volume of 9,770. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.02 and a quick ratio of 1.01. The business has a 50-day moving average price of $23.66 and a two-hundred day moving average price of $23.51. Investar has a one year low of $19.49 and a one year high of $28.40. The firm has a market capitalization of $229.22 million, a price-to-earnings ratio of 14.18 and a beta of 0.15.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 8th were given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, July 5th. This is a boost from Investar’s previous quarterly dividend of $0.05. Investar’s payout ratio is presently 13.41%.
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, and individual retirement accounts, as well as various certificates of deposit; debit cards; and mobile banking services.
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