Investar (NASDAQ:ISTR) Announces Earnings Results, Beats Estimates By $0.06 EPS

Investar (NASDAQ:ISTR) 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

ISTR has been the subject of several research reports. StockNews.com upgraded Investar from a “hold” rating to a “buy” rating in a report on Thursday, June 6th. Hovde Group lowered their target price on Investar from $20.50 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, April 23rd.

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.