Investar (NASDAQ:ISTR) Releases Earnings Results, Beats Estimates By $0.26 EPS

Investar (NASDAQ:ISTR) released its quarterly earnings data on Thursday. The financial services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.26, Zacks reports. Investar had a net margin of 11.35% and a return on equity of 6.94%.

Investar Stock Down 0.3 %

Investar stock traded down $0.07 during mid-day trading on Friday, reaching $19.47. The stock had a trading volume of 2,650 shares, compared to its average volume of 27,478. The company has a market capitalization of $191.34 million, a price-to-earnings ratio of 10.87 and a beta of 0.81. The company has a 50-day moving average price of $22.18 and a two-hundred day moving average price of $19.97. 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 current ratio of 0.95 and a quick ratio of 0.95.

Investar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Tuesday, December 31st. Investar’s payout ratio is 23.46%.

Insider Buying and Selling

In other news, Director Scott G. Ginn bought 8,475 shares of Investar stock in a transaction that occurred on Friday, November 22nd. The stock was bought at an average cost of $23.68 per share, with a total value of $200,688.00. Following the acquisition, the director now owns 8,475 shares of the company’s stock, valued at $200,688. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.73% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Investar Company Profile

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.