Analysts expect Investar Holding Co. (NASDAQ: ISTR) to post earnings per share of USD 0.55 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Investar’s earnings, with the highest EPS estimate at $ 0.56 and the lowest estimate at $ 0.55. Investar reported earnings per share of $ 0.39 for the same quarter last year, suggesting a positive year-over-year growth rate of 41%. The company is expected to release its next quarterly results on Monday, January 24th.
On average, analysts expect Investar to post annual earnings of $ 0.51 per share for the current fiscal year, with EPS estimates ranging between $ 0.50 and $ 0.52. For the next fiscal year, analysts expect the company to post earnings of $ 2.16 per share, with EPS estimates ranging from $ 1.91 to $ 2.55. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts reporting on Investar.
Investar (NASDAQ: ISTR) last released its quarterly results on Wednesday, October 20th. The financial services company reported earnings per share (EPS) ($ 1.06) for the quarter, missing the Thomson Reuters consensus estimate of ($ 1.05) by $ 0.01. The company had revenue of $ 25.46 million for the quarter, compared to the consensus estimate of $ 24.56 million. Investar had a net margin of 5.15% and a return on equity of 1.57%.
A number of research firms recently looked at ISTR. Zacks Investment Research downgraded Investar from a “Hold” rating to a “Strong Sell” rating in a research report on Tuesday October 19th. Piper Sandler downgraded Investar from an “overweight” rating to a “neutral” rating on Friday, October 15, and lowered her price target for the stock from $ 27.00 to $ 20.00. Finally, TheStreet downgraded Investar from a “b” rating to a “c” rating in a report on Friday October 22nd.
Hedge funds and other institutional investors have recently added or reduced their stake in the business. Trexquant Investment LP bought a new portion of Investar stock valued at approximately $ 200,000 in the second quarter. Marshall Wace North America LP bought a new stake in Investar stock valued at approximately $ 210,000 in the second quarter. Jump Financial LLC purchased a new stake in Investar stock valued at approximately $ 215,000 in the second quarter. The Royal Bank of Canada increased its position in Investar stocks by 18.7% in the second quarter. The Royal Bank of Canada now owns 10,539 shares in the financial services company valued at $ 241,000 after purchasing an additional 1,658 shares last quarter. Eventually, Sei Investments Co. bought a new stake in Investar stock valued at approximately $ 246,000 in the second quarter. Hedge funds and other institutional investors own 54.99% of the company’s stock.
NASDAQ: ISTR shares rose $ 0.14 during Tuesday’s trading to hit $ 18.13. 9,716 shares in the company were traded, compared with an average volume of 38,618. The company’s 50-day moving average price is $ 19.69. The company has a market capitalization of $ 187.52 million, a price / earnings ratio of 35.55, and a beta of 0.67. The company has a Leverage Ratio of 0.51, a current ratio of 0.95, and a quick ratio of 0.95. Investar has a 52-week low of $ 15.66 and a 52-week high of $ 23.69.
The company also recently announced a quarterly dividend, which was paid on Friday, October 29th. Shareholders of record on Thursday September 30th received a dividend of $ 0.08. The ex-dividend date was Wednesday, September 29th. This equates to an annual dividend of $ 0.32 and a dividend yield of 1.77%. Investar’s dividend payout ratio (DPR) is currently 62.75%.
Investar Holding Corp. is a financial holding company engaged in the provision of full banking services. It offers a full range of commercial and personal credit products in its market areas, including corporate loans to small and medium-sized businesses and loans to individuals. The loan products include home ownership loans, home loans, and commercial and industrial loans such as term loans, equipment finance, and lines of credit, while the individual loans include first and second mortgage loans, installment loans, and lines of credit.
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