Investar (NASDAQ:ISTR) Issues Earnings Results

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Investar (NASDAQ:ISTR) announced its earnings results on Sunday. The financial services provider reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.06, MarketWatch Earnings reports. Investar had a net margin of 12.15% and a return on equity of 5.51%.

Shares of NASDAQ:ISTR traded down $0.57 during midday trading on Tuesday, reaching $16.69. 45,393 shares of the company were exchanged, compared to its average volume of 17,019. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.93. The business’s fifty day moving average is $17.04 and its two-hundred day moving average is $14.88. Investar has a one year low of $8.49 and a one year high of $24.22. The stock has a market cap of $177.28 million, a PE ratio of 14.75 and a beta of 0.74.

The company also recently declared a quarterly dividend, which will be paid on Sunday, January 31st. Shareholders of record on Monday, December 28th will be given a $0.065 dividend. The ex-dividend date is Thursday, December 24th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.56%. Investar’s payout ratio is currently 14.36%.

Separately, Zacks Investment Research lowered shares of Investar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 30th.

Investar Company Profile

Investar Holding Corporation operates as the bank holding company for Investar Bank that provides various commercial banking products to individuals and small to medium-sized businesses in South Louisiana. 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 cards; and mobile banking services.

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Earnings History for Investar (NASDAQ:ISTR)

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