Investar Holding Corporation (NASDAQ:ISTR) Plans $0.11 Dividend

Investar Holding Corporation (NASDAQ:ISTR) announced a dividend on Tuesday, September 23rd, investing.com reports. Shareholders of record on Wednesday, October 1st will be given a dividend of 0.11 per share by the financial services provider on Wednesday, October 1st. This represents a yield of 190.0%. The ex-dividend date of this dividend is Tuesday, September 30th.

Investar has a payout ratio of 18.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Investar to earn $2.36 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 17.8%.

Investar Trading Up 0.6%

NASDAQ ISTR opened at $23.28 on Wednesday. The stock has a market capitalization of $228.75 million, a price-to-earnings ratio of 10.39 and a beta of 0.62. The stock’s 50 day moving average price is $22.48 and its two-hundred day moving average price is $19.96. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. Investar has a 52 week low of $15.39 and a 52 week high of $24.81.

Investar (NASDAQ:ISTR) last released its earnings results on Monday, July 21st. The financial services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. The firm had revenue of $22.27 million for the quarter, compared to analysts’ expectations of $21.15 million. Investar had a return on equity of 8.84% and a net margin of 14.33%. As a group, analysts anticipate that Investar will post 1.83 earnings per share for the current fiscal year.

About Investar

Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products to individuals, professionals, and small to medium-sized businesses in south Louisiana, southeast Texas, and Alabama in the United States. 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 and credit cards; internet, mobile, and video banking services; and reciprocal deposit products.