Investar (NASDAQ:ISTR – Get Free Report) posted its earnings results on Thursday. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01, FiscalAI reports. The company had revenue of $36.81 million during the quarter, compared to analyst estimates of $37.45 million. Investar had a return on equity of 11.65% and a net margin of 17.55%.
Investar Stock Performance
NASDAQ:ISTR traded up $0.45 during trading hours on Thursday, hitting $29.19. 107,309 shares of the company were exchanged, compared to its average volume of 140,600. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.95 and a quick ratio of 0.95. Investar has a 52-week low of $22.95 and a 52-week high of $31.77. The stock has a market capitalization of $402.15 million, a price-to-earnings ratio of 12.01 and a beta of 0.45. The company’s 50 day moving average price is $29.85 and its 200-day moving average price is $29.31.
Investar Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Investar’s payout ratio is currently 19.75%.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Investar in a research report on Thursday, August 27th. Zacks Research downgraded shares of Investar from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. Finally, Wall Street Zen upgraded shares of Investar from a “hold” rating to a “buy” rating in a research note on Sunday, September 13th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $31.50.
Read Our Latest Stock Report on Investar
Investar Company Profile
Investar Corporation is a bank holding company headquartered in Baton Rouge, Louisiana. Through its principal subsidiary, Investar Bank, the company provides banking and financial services to individuals, businesses and other organizations, primarily in Louisiana and surrounding markets.
Investar Bank operates as a full-service community bank. Its offerings include deposit accounts, commercial and consumer lending, residential real estate loans, treasury management services, online and mobile banking, debit cards and other traditional banking products.
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