Investar (NASDAQ:ISTR - Get Free Report) posted its quarterly earnings data on Monday. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.29, Zacks reports. The company had revenue of $20.25 million during the quarter, compared to analyst estimates of $19.90 million. Investar had a net margin of 12.81% and a return on equity of 8.00%.
Investar Trading Down 1.3 %
ISTR traded down $0.24 during mid-day trading on Friday, reaching $18.24. The stock had a trading volume of 23,210 shares, compared to its average volume of 44,750. The firm's fifty day simple moving average is $17.41 and its two-hundred day simple moving average is $19.97. The stock has a market capitalization of $179.14 million, a P/E ratio of 8.94 and a beta of 0.52. Investar has a 52 week low of $14.60 and a 52 week high of $24.81. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.95 and a current ratio of 0.95.
Investar Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Monday, March 31st. Investar's dividend payout ratio (DPR) is presently 20.59%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on ISTR shares. Piper Sandler raised Investar from a "neutral" rating to an "overweight" rating and raised their price target for the company from $21.00 to $22.00 in a report on Tuesday. StockNews.com upgraded Investar from a "hold" rating to a "buy" rating in a research note on Tuesday.
Check Out Our Latest Analysis on ISTR
About Investar
(
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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.
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