Investar Holding Corporation to Issue Quarterly Dividend of $0.12 (NASDAQ:ISTR)

Investar Holding Corporation (NASDAQ:ISTR) announced a quarterly dividend on Wednesday, September 16th. Stockholders 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 dividend yield of 1.6%. The ex-dividend date is Wednesday, September 30th.

Investar has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 10 consecutive years. Investar has a dividend payout ratio of 21.5% meaning 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 Price Performance

Shares of NASDAQ ISTR opened at $30.33 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a fifty day moving average price of $30.20 and a 200 day moving average price of $28.97. Investar has a 1-year low of $21.43 and a 1-year high of $31.77. The company has a market cap of $417.95 million, a PE ratio of 12.48 and a beta of 0.45.

Investar (NASDAQ:ISTR) last announced its quarterly earnings data on Monday, July 20th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.04. The company had revenue of $36.55 million for the quarter, compared to analysts’ expectations of $36.35 million. Investar had a net margin of 17.55% and a return on equity of 11.65%. Sell-side analysts forecast that Investar will post 3.15 EPS for the current year.

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.