Analysts expect Investar Holding Co. (NASDAQ: ISTR) to report earnings per share (EPS) of $ 0.55 for the current quarter, according to Zack. Two analysts have released estimates for Investar’s earnings, with the highest EPS estimate being $ 0.56 and the lower estimate being $ 0.55. Investar reported earnings per share of $ 0.39 for the same quarter last year, indicating a positive year-over-year growth rate of 41%. The company is expected to announce its next quarterly results on Monday, January 24.
On average, analysts expect Investar to report annual earnings of $ 0.51 per share for the current year, with EPS estimates ranging from $ 0.50 to $ 0.52. For the next fiscal year, analysts expect the company to report earnings of $ 2.17 per share, with EPS estimates ranging from $ 1.93 to $ 2.55. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts who follow Investar.
Investar (NASDAQ: ISTR) last released its quarterly results on Wednesday, October 20. The financial services provider reported ($ 1.06) EPS for the quarter, missing analyst consensus estimates of ($ 1.05) by ($ 0.01). The company posted revenue of $ 25.46 million in the quarter, compared to analysts’ expectations of $ 24.56 million. Investar had a net margin of 5.15% and a return on equity of 1.57%.
A number of research analysts have commented on ISTR stocks. Zacks investment research downgraded Investar from a “strong sell” rating to a “conservation” rating in a report released on Thursday, December 23. Piper Sandler downgraded Investar from an “overweight” to a “neutral” rating and lowered its target price for the share from $ 27.00 to $ 20.00 in a report released on Friday October 15th. Finally, TheStreet downgraded Investar from a “b” rating to a “c” rating in a report released on Friday, October 22.
ISTR traded up $ 0.05 on Tuesday, reaching $ 18.26. The company’s shares had a trade volume of 5,891 shares, compared to an average volume of 37,468. The company has a market cap of $ 188.86 million, a PE ratio of 35.80 and a beta of 0 , 67. Investar has a one-year low at $ 15.66 and a one-year high at $ 23.69. The company has a debt ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The company has a 50-day moving average of $ 18.51.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 31. Shareholders of record on Friday, December 31 will receive a dividend of $ 0.08 per share. This represents a dividend of $ 0.32 on an annualized basis and a return of 1.75%. The ex-dividend date is Thursday, December 30. Investar’s dividend payout ratio is currently 62.75%.
Several institutional investors have recently changed their positions in the company. Two Sigma Advisers LP increased its position in Investar shares by 91.9% during the 3rd quarter. Two Sigma Advisers LP now owns 26,300 shares of the financial services provider valued at $ 579,000 after purchasing an additional 12,594 shares during the period. Wellington Management Group LLP increased its position in Investar shares by 50.2% during the 3rd 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 during the period. Marshall Wace LLP increased its position in Investar shares by 25.8% during the 3rd quarter. Marshall Wace LLP now owns 25,990 shares of the financial services provider valued at $ 572,000 after purchasing an additional 5,330 shares during the period. Dimensional Fund Advisors LP increased its position in Investar shares by 12.5% during the 3rd 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 during the period. Finally, FJ Capital Management LLC purchased a new stake in the shares of Investar during the 3rd quarter valued at $ 450,000. Institutional investors and hedge funds own 54.99% of the company’s shares.
Profile of the investor company
Investar Holding Corp. is a financial holding company which provides comprehensive banking services. It offers a full range of commercial and retail lending products in its market areas, including loans to small and medium businesses as well as personal loans. Its lending products include owner-occupied commercial real estate loans, construction loans, and commercial and industrial loans, such as term loans, equipment finance and lines of credit, while its personal loans include first and second mortgages, installment loans and lines of credit.
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