Investar (ISTR) to Release Quarterly Earnings on Thursday

Investar (NASDAQ:ISTRGet Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.39 per share and revenue of $20,600.00 billion for the quarter.

Investar (NASDAQ:ISTRGet Free Report) last posted its quarterly earnings results on Monday, October 21st. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.12. The business had revenue of $40.39 million during the quarter, compared to analysts’ expectations of $20.07 million. Investar had a net margin of 11.35% and a return on equity of 6.94%. On average, analysts expect Investar to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Investar Trading Up 1.8 %

ISTR opened at $20.12 on Tuesday. The stock has a market capitalization of $197.78 million, a PE ratio of 11.24 and a beta of 0.81. Investar has a one year low of $14.60 and a one year high of $24.81. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.95 and a current ratio of 0.95. The business’s 50 day moving average price is $22.32 and its 200 day moving average price is $19.93.

Investar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Tuesday, December 31st. Investar’s dividend payout ratio (DPR) is presently 23.46%.

Insider Transactions at Investar

In other news, Director Scott G. Ginn bought 8,475 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were purchased at an average price of $23.68 per share, with a total value of $200,688.00. Following the purchase, the director now owns 8,475 shares in the company, valued at approximately $200,688. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 8.73% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Investar from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th.

Check Out Our Latest Analysis on ISTR

Investar Company Profile

(Get Free Report)

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.

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Earnings History for Investar (NASDAQ:ISTR)

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