Investar Holding Corporation (ISTR) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Investar Holding Corporation (ISTR) Posts Quarterly  Earnings Results, Misses Estimates By $0.01 EPS

Investar Holding Corporation (NASDAQ:ISTR) released its earnings results on Thursday. The financial services provider reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.01. Investar Holding Corporation had a net margin of 16.21% and a return on equity of 7.00%.

Shares of Investar Holding Corporation (NASDAQ:ISTR) opened at 19.01 on Monday. The company’s 50 day moving average is $19.13 and its 200-day moving average is $16.71. Investar Holding Corporation has a 52 week low of $13.63 and a 52 week high of $20.00. The stock has a market capitalization of $134.99 million, a PE ratio of 17.28 and a beta of 0.31.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Wednesday, January 4th will be paid a dividend of $0.0121 per share. This is a boost from Investar Holding Corporation’s previous quarterly dividend of $0.01. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Friday, December 30th. Investar Holding Corporation’s dividend payout ratio is presently 4.50%.

A number of research firms have weighed in on ISTR. TheStreet upgraded shares of Investar Holding Corporation from a “c” rating to a “b” rating in a research note on Wednesday, January 11th. Zacks Investment Research upgraded shares of Investar Holding Corporation from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, November 1st.

About Investar Holding Corporation

Investar Holding Corporation is financial holding company that conducts its operations through, Investar Bank (the Bank), which is a commercial bank. The Company offers a range of commercial and retail lending products throughout its market areas, including business loans to small to medium-sized businesses, as well as loans to individuals.

Related posts

Leave a Comment