Investar (ISTR) to Release Quarterly Earnings on Thursday

Investar (NASDAQ:ISTR) is anticipated to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect Investar to post earnings of $0.39 per share and revenue of $20,600.00 billion for the quarter.

Investar (NASDAQ:ISTR) last released its earnings results on Monday, October 21st. The financial services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.33 by $0.12. Investar had a net margin of 11.35% and a return on equity of 6.94%. The firm had revenue of $40.39 million for the quarter, compared to analyst estimates of $20.07 million. On average, analysts expect Investar to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Investar Stock Performance

Shares of Investar stock opened at $20.00 on Thursday. The company has a 50 day moving average of $22.51 and a 200-day moving average of $19.79. The company has a market cap of $196.56 million, a PE ratio of 11.17 and a beta of 0.81. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.85. Investar has a 1-year low of $14.60 and a 1-year high of $24.81.

Investar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Tuesday, December 31st. Investar’s dividend payout ratio is presently 23.46%.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, Director Scott G. Ginn acquired 8,475 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was acquired at an average price of $23.68 per share, with a total value of $200,688.00. Following the purchase, the director now directly owns 8,475 shares in the company, valued at approximately $200,688. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.73% of the stock is currently owned by corporate insiders.

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.