Investar (ISTR) Set to Announce Quarterly Earnings on Thursday

Investar (NASDAQ:ISTR) is set to announce its earnings results on Thursday, April 18th.

Investar (NASDAQ:ISTR) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.14. Investar had a return on equity of 8.64% and a net margin of 11.94%. The company had revenue of $20.25 million during the quarter, compared to analysts’ expectations of $20.84 million. On average, analysts expect Investar to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Investar Stock Performance

Investar stock traded down $0.02 during midday trading on Wednesday, reaching $15.66. 9,033 shares of the company’s stock were exchanged, compared to its average volume of 23,957. Investar has a 52 week low of $9.07 and a 52 week high of $17.99. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $153.15 million, a price-to-earnings ratio of 9.33 and a beta of 0.77. The stock’s 50-day simple moving average is $16.21 and its 200 day simple moving average is $14.11.

Investar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.40 annualized dividend and a yield of 2.55%. Investar’s dividend payout ratio (DPR) is presently 23.67%.

Institutional Investors Weigh In On Investar

Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS Group AG acquired a new stake in shares of Investar in the third quarter valued at approximately $31,000. NewEdge Advisors LLC raised its position in shares of Investar by 79.1% in the first quarter. NewEdge Advisors LLC now owns 2,560 shares of the financial services provider’s stock valued at $36,000 after buying an additional 1,131 shares in the last quarter. Citigroup Inc. acquired a new position in Investar during the fourth quarter valued at approximately $118,000. Quadrature Capital Ltd acquired a new position in Investar during the second quarter valued at approximately $159,000. Finally, Man Group plc acquired a new position in Investar during the fourth quarter valued at approximately $211,000. 50.17% of the stock is currently owned by institutional investors and hedge funds.

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.