Investar (NASDAQ:ISTR – Get Free Report) posted its quarterly earnings data on Monday. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06, Yahoo Finance reports. Investar had a return on equity of 6.76% and a net margin of 10.04%. The company had revenue of $38.54 million during the quarter, compared to analysts’ expectations of $19.23 million.
Investar Trading Up 1.3 %
Shares of NASDAQ ISTR opened at $18.27 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $179.59 million, a P/E ratio of 10.21 and a beta of 0.78. Investar has a 1-year low of $9.07 and a 1-year high of $18.50. The business has a fifty day moving average price of $15.84 and a 200 day moving average price of $16.21.
Investar Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Monday, July 1st. Investar’s dividend payout ratio (DPR) is currently 22.35%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on ISTR
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.
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