Investar (ISTR) Getting Somewhat Favorable Press Coverage, Study Finds

News stories about Investar (NASDAQ:ISTR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Investar earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 47.8373511515529 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:

Several equities analysts have weighed in on the company. Zacks Investment Research lowered Investar from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 14th. Sandler O’Neill set a $29.00 price objective on Investar and gave the company a “buy” rating in a report on Monday, January 29th. Finally, Hovde Group reissued an “outperform” rating and set a $28.00 price objective on shares of Investar in a report on Friday, December 29th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $27.50.

Shares of Investar stock traded up $0.08 during trading hours on Thursday, reaching $25.75. The company had a trading volume of 41,461 shares, compared to its average volume of 17,178. Investar has a one year low of $20.25 and a one year high of $26.55. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $237.85, a P/E ratio of 22.99 and a beta of 0.34.

Investar (NASDAQ:ISTR) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. Investar had a return on equity of 6.14% and a net margin of 14.35%. The firm had revenue of $13.78 million during the quarter, compared to analyst estimates of $13.54 million. sell-side analysts expect that Investar will post 1.72 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 9th will be issued a $0.035 dividend. This is a positive change from Investar’s previous quarterly dividend of $0.03. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Friday, April 6th. Investar’s dividend payout ratio (DPR) is presently 11.61%.

In other news, VP Randolf F. Kassmeier sold 3,000 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $25.26, for a total value of $75,780.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.83% of the stock is owned by company insiders.

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Investar Company Profile

Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products for individuals and small to medium-sized businesses in South Louisiana. The company offers various deposit products and services, such as savings, checking, money market, NOW, and individual retirement accounts, as well as various certificates of deposit; debit cards; and mobile banking services.

Insider Buying and Selling by Quarter for Investar (NASDAQ:ISTR)

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