Wall Street brokerages expect Investor Holding Co. (NASDAQ:ISTR – Get a rating) to report earnings of $0.54 per share for the current quarter, Zacks reports. Two analysts made estimates of Investar’s earnings. The highest EPS estimate is $0.56 and the lowest is $0.53. Investar reported earnings of $0.49 per share in the same quarter last year, which would indicate a positive growth rate of 10.2% year over year. The company is expected to release its next quarterly earnings report on Thursday, April 28.
According to Zacks, analysts expect Investar to report annual earnings of $2.25 per share for the current year, with EPS estimates ranging from $2.11 to $2.40. For the next fiscal year, analysts expect the company to post earnings of $2.49 per share, with EPS estimates ranging from $2.40 to $2.62. Zacks earnings per share averages are an average based on a survey of sell-side analysts who cover Investar.
Investar (NASDAQ:ISTR – Get a rating) last released its quarterly results on Thursday, January 27. The financial services provider reported EPS of $0.56 for the quarter. The company had revenue of $23.15 million in the quarter. Investar achieved a return on equity of 2.27% and a net margin of 7.44%.
The ISTR has been the subject of several research reports. TheStreet upgraded Investar from a ‘c’ rating to a ‘b’ rating in a Thursday, March 3 report. Zacks Investment Research downgraded Investar from a “buy” rating to a “hold” rating in a Wednesday, Feb. 2 research report. Ultimately, StockNews.com launched a coverage on Investar in a research report on Friday. They set a “hold” rating for the company.
ISTR stock was down $0.05 at midday Friday, hitting $19.48. 12,737 shares were traded, against an average volume of 18,948. The stock’s 50-day moving average price is $19.47 and its 200-day moving average price is $19.66. The stock has a market capitalization of $200.84 million, a price-earnings ratio of 25.63 and a beta of 0.59. Investar has a fifty-two week low of $17.08 and a fifty-two week high of $23.69. The company has a debt ratio of 0.50, a quick ratio of 0.91 and a current ratio of 0.91.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 29. Shareholders of record on Thursday, March 31 will receive a dividend of $0.085 per share. This represents a dividend of $0.34 on an annualized basis and a yield of 1.75%. The ex-dividend date is Wednesday, March 30. This is an increase from Investar’s previous quarterly dividend of $0.08. Investor’s payout ratio is 42.11%.
In related news, insider Jeffrey Wayne Martin acquired 1,714 shares of Investar in a trade on Wednesday, March 2. The shares were purchased at an average price of $20.41 per share, for a total transaction of $34,982.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Over the past three months, insiders have acquired 2,314 shares of the company valued at $46,759. 9.75% of the shares are held by insiders of the company.
Several large investors have recently increased or reduced their stake in the stock. Geode Capital Management LLC increased its stake in shares of Investar by 1.0% in the third quarter. Geode Capital Management LLC now owns 101,921 shares of the financial services provider worth $2,244,000 after acquiring an additional 1,004 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Investar by 18.7% in the second quarter. Royal Bank of Canada now owns 10,539 shares of the financial services provider worth $241,000 after acquiring 1,658 additional shares last quarter. Trexquant Investment LP increased its stake in Investar by 28.9% in the third quarter. Trexquant Investment LP now owns 11,270 shares of the financial services provider valued at $248,000 after buying an additional 2,530 shares in the last quarter. Maltese Capital Management LLC increased its stake in Investar by 0.6% in the fourth quarter. Maltese Capital Management LLC now owns 491,000 shares of the financial services provider valued at $9,039,000 after buying an additional 2,700 shares in the last quarter. Finally, Kennedy Capital Management Inc. increased its stake in Investar by 1.7% in the fourth quarter. Kennedy Capital Management Inc. now owns 319,928 shares of the financial services provider valued at $5,890,000 after buying 5,266 additional shares in the last quarter. Institutional investors and hedge funds hold 55.62% of the company’s shares.
About Investar (Get a rating)
Investar Holding Corp. is a financial holding company that provides comprehensive banking services. It offers a full suite of commercial and retail lending products across all of its market sectors, including small and medium business loans as well as personal loans. Its lending products consist of owner-occupied commercial real estate loans, construction loans, and commercial and industrial loans, such as term loans, equipment financing and lines of credit, while its individuals include first and second mortgages, installment loans and lines of credit.
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