Investar (NASDAQ:ISTR - Get Free Report) posted its quarterly earnings data on Monday. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.07, Zacks reports. Investar had a return on equity of 8.60% and a net margin of 13.99%.
Investar Stock Performance
Shares of ISTR stock traded up $0.27 on Monday, reaching $22.23. The stock had a trading volume of 3,846 shares, compared to its average volume of 36,740. The stock has a market cap of $218.85 million, a P/E ratio of 10.15 and a beta of 0.56. Investar has a 1 year low of $15.39 and a 1 year high of $24.81. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 0.89. The company has a 50 day simple moving average of $19.83 and a 200 day simple moving average of $18.88.
Investar Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a $0.11 dividend. This is an increase from Investar's previous quarterly dividend of $0.11. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Monday, June 30th. Investar's dividend payout ratio (DPR) is 20.09%.
Hedge Funds Weigh In On Investar
A hedge fund recently raised its stake in Investar stock. Empowered Funds LLC lifted its position in Investar Holding Corporation (NASDAQ:ISTR - Free Report) by 7.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,028 shares of the financial services provider's stock after purchasing an additional 3,905 shares during the period. Empowered Funds LLC owned about 0.59% of Investar worth $1,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 50.17% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have commented on ISTR shares. Wall Street Zen downgraded Investar from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. Piper Sandler increased their price objective on shares of Investar from $22.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd.
Check Out Our Latest Report on ISTR
About Investar
(
Get Free Report)
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.
Further Reading
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