According to Zacks, analysts are expecting Investar Holding Co. (NASDAQ:ISTR) to report revenue of $23.56 million for the current quarter. Two analysts have provided estimates for Investar’s earnings, with estimates ranging from $23.30 million to $23.81 million. Investar reported revenue of $22.83 million for the same quarter last year, indicating a positive year-over-year growth rate of 3.2%. The company is expected to release its next quarterly earnings report on Monday, January 24th.
According to Zacks, analysts expect Investor to report full-year revenue of $96.31 million for the current fiscal year, with estimates ranging from $96.10 million to $96.52 million. For the next fiscal year, analysts expect the company to report revenue of $94.80 million, with estimates ranging from $92.30 million to $97.30 million. Zacks Investment Research sales averages are averages based on a survey of research firms that follow Investor.
Investar (NASDAQ:ISTR) last issued its earnings results on Wednesday, October 20th. The financial services firm reported earnings per share (EPS) of $1.06 for the quarter, missing Thomson Reuters’ consensus estimate of $1.05 by $0.01. Investar had a net margin of 5.15% and a return on equity of 1.57%. The company had revenue of $25.46 million for the quarter, compared to analysts’ expectations of $24.56 million.
Several research companies have recently issued reports on ISTR. Piper Sandler lowered Investar’s shares from an “overweight” rating to a “neutral” rating and lowered the price target for the company to $20.00 from $27.00 in a report on Friday, October 15. TheStreet downgraded shares of Investar from a “b” rating to a “c” rating in a report on Friday, October 22nd. Finally, Zacks Investment Research upgraded Investor from a “hold” rating to a “buy” rating and put a price target of $21.00 on the stock in a research note on Tuesday.
ISTR stock opened at $18.89 on Wednesday. The company’s 50-day simple moving average is $18.12. Investar has a 52-week low of $15.66 and a 52-week high of $23.69. The stock has a market cap of $195.38 million, a price-to-earnings ratio of 37.08 and a beta of 0.68. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt to equity ratio of 0.51.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 31st. Investors of record on Friday, December 31 will receive a dividend of $0.08. The ex-dividend date of this dividend is Thursday December 30th. That equates to an annualized dividend of $0.32 and a yield of 1.69%. Investar’s RTP is 62.75%.
A number of hedge funds and other institutional investors have recently added to or reduced their holdings in the stock. Fourthstone LLC increased its holding in Investar by 13.5% in the third quarter. Fourthstone LLC now owns 703,888 shares of the financial services firm valued at $15,494,000 after purchasing an additional 83,904 shares last quarter. M3F Inc. increased its stake in Investar by 35.4% in the third quarter. M3F Inc. now owns 330,556 shares of the financial services provider, valued at $7,279,000, after purchasing an additional 86,421 shares last quarter. Kennedy Capital Management Inc. increased its stake in Investar by 269.7% in the second quarter. Kennedy Capital Management Inc. now owns 250,437 shares of the financial services firm valued at $5,733,000 after purchasing an additional 182,701 shares last quarter. Wellington Management Group LLP increased its stake in Investar by 50.2% during the third quarter. Wellington Management Group LLP now owns 218,158 shares of the financial services provider, valued at $4,804,000, after purchasing an additional 72,926 shares last quarter. Finally, Dimensional Fund Advisors LP increased its holding in Investar by 12.5% during the third quarter. Dimensional Fund Advisors LP now owns 215,296 shares of the financial services provider, valued at $4,741,000, after purchasing an additional 23,930 shares last quarter. Institutional investors own 55.33% of the company’s shares.
Investor Company Profile
Investor Holding Corp. is a financial holding company engaged in the provision of full banking services. It offers a full range of commercial and retail lending products in its market areas, including small and medium-sized business lending and lending to individuals. Its lending products consist of owner-occupied commercial real estate loans, home loans, and commercial and industrial loans, such as the loan.
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