Investar (NASDAQ:ISTR) Posts Earnings Results, Beats Estimates By $0.06 EPS

Investar (NASDAQ:ISTR) released its quarterly earnings results on Monday. The financial services provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06, Yahoo Finance reports. Investar had a net margin of 10.04% and a return on equity of 6.76%. The business had revenue of $38.54 million during the quarter, compared to analyst estimates of $19.23 million.

Investar Stock Performance

Shares of ISTR stock traded up $0.25 on Wednesday, hitting $18.29. 78,049 shares of the stock traded hands, compared to its average volume of 42,812. The company’s fifty day moving average is $15.80 and its 200 day moving average is $16.20. Investar has a 1-year low of $9.07 and a 1-year high of $18.50. The company has a market capitalization of $179.79 million, a PE ratio of 10.08 and a beta of 0.78. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.98 and a quick ratio of 0.98.

Investar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.19%. Investar’s payout ratio is 22.35%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ISTR. Hovde Group reduced their price target on Investar from $20.50 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, April 23rd. StockNews.com upgraded shares of Investar from a “hold” rating to a “buy” rating in a research note on Thursday, June 6th.

Investar Company Profile

Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products to individuals, professionals, and small to medium-sized businesses in south Louisiana, southeast Texas, and Alabama in the United States. 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 and credit cards; internet, mobile, and video banking services; and reciprocal deposit products.