Investar Holding Co. (NASDAQ:ISTR) – Research analysts at DA Davidson issued their Q2 2021 earnings per share estimates for shares of Investar in a research report issued to clients and investors on Friday, April 30th. DA Davidson analyst K. Fitzsimmons expects that the financial services provider will post earnings per share of $0.55 for the quarter. DA Davidson also issued estimates for Investar’s FY2021 earnings at $2.14 EPS and FY2022 earnings at $2.21 EPS.
A number of other research firms have also weighed in on ISTR. Zacks Investment Research upgraded shares of Investar from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Thursday, April 29th. TheStreet upgraded shares of Investar from a “c+” rating to a “b” rating in a research report on Thursday, April 22nd. Finally, Piper Sandler upgraded shares of Investar from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $18.00 to $22.00 in a research report on Thursday, January 28th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.50.
Investar (NASDAQ:ISTR) last announced its earnings results on Wednesday, April 21st. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. Investar had a net margin of 12.15% and a return on equity of 5.51%.
Institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. raised its stake in Investar by 298.8% during the fourth quarter. Citigroup Inc. now owns 1,950 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 1,461 shares in the last quarter. Strs Ohio raised its stake in shares of Investar by 162.5% in the third quarter. Strs Ohio now owns 2,100 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,300 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Investar in the fourth quarter valued at $181,000. Savant Capital LLC purchased a new stake in shares of Investar in the first quarter valued at $229,000. Finally, Rhumbline Advisers raised its stake in shares of Investar by 14.7% in the fourth quarter. Rhumbline Advisers now owns 16,216 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 2,084 shares during the period. 54.97% of the stock is currently owned by institutional investors.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 30th. Investors of record on Monday, March 29th were paid a dividend of $0.07 per share. This is an increase from Investar’s previous quarterly dividend of $0.07. The ex-dividend date was Friday, March 26th. This represents a $0.28 dividend on an annualized basis and a yield of 1.27%. Investar’s dividend payout ratio is presently 15.47%.
Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of 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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