Wall Street brokerages expect Investar Holding Co. (NASDAQ:ISTR – Get Rating) to report earnings of $0.55 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Investar’s earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.53. Investar reported earnings of $0.49 per share in the same quarter last year, which indicates a positive year over year growth rate of 12.2%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Investar will report full year earnings of $2.32 per share for the current fiscal year, with EPS estimates ranging from $2.22 to $2.40. For the next year, analysts forecast that the company will post earnings of $2.59 per share, with EPS estimates ranging from $2.51 to $2.64. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Investar.
Investar (NASDAQ:ISTR – Get Rating) last announced its quarterly earnings results on Thursday, January 27th. The financial services provider reported $0.56 EPS for the quarter. Investar had a return on equity of 2.27% and a net margin of 7.44%. The company had revenue of $23.15 million during the quarter.
Shares of NASDAQ ISTR opened at $18.87 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.91 and a current ratio of 0.91. The business has a 50 day simple moving average of $19.61. Investar has a fifty-two week low of $17.08 and a fifty-two week high of $23.69. The stock has a market capitalization of $194.55 million, a P/E ratio of 24.83 and a beta of 0.58.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 29th. Shareholders of record on Thursday, March 31st will be given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 1.80%. The ex-dividend date is Wednesday, March 30th. This is a boost from Investar’s previous quarterly dividend of $0.08. Investar’s dividend payout ratio (DPR) is 44.74%.
In other Investar news, insider Jeffrey Wayne Martin acquired 1,714 shares of the stock in a transaction dated Wednesday, March 2nd. The stock was purchased at an average price of $20.41 per share, with a total value of $34,982.74. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have acquired a total of 2,314 shares of company stock worth $46,759 in the last ninety days. Insiders own 10.09% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of Investar by 22.5% during the 4th quarter. BlackRock Inc. now owns 140,097 shares of the financial services provider’s stock worth $2,579,000 after purchasing an additional 25,716 shares during the last quarter. Susquehanna International Group LLP raised its position in shares of Investar by 54.7% during the 4th quarter. Susquehanna International Group LLP now owns 23,136 shares of the financial services provider’s stock valued at $426,000 after buying an additional 8,182 shares during the period. Kennedy Capital Management Inc. raised its position in shares of Investar by 1.7% during the 4th quarter. Kennedy Capital Management Inc. now owns 319,928 shares of the financial services provider’s stock valued at $5,890,000 after buying an additional 5,266 shares during the period. Maltese Capital Management LLC raised its position in Investar by 0.6% in the fourth quarter. Maltese Capital Management LLC now owns 491,000 shares of the financial services provider’s stock valued at $9,039,000 after purchasing an additional 2,700 shares during the period. Finally, Greenwich Investment Management Inc. purchased a new stake in Investar in the fourth quarter valued at approximately $742,000. Hedge funds and other institutional investors own 55.62% of the company’s stock.
About Investar (Get Rating)
Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products to 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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