Investar Holding Corporation (NASDAQ:ISTR - Get Free Report)'s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $19.58 and traded as high as $22.08. Investar shares last traded at $21.98, with a volume of 23,560 shares traded.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Investar from a "buy" rating to a "hold" rating in a research report on Saturday, May 17th. Piper Sandler raised their price objective on Investar from $22.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, July 2nd.
View Our Latest Stock Report on ISTR
Investar Stock Down 0.9%
The company has a market cap of $216.28 million, a PE ratio of 10.04 and a beta of 0.56. The stock's 50 day moving average price is $19.58 and its 200-day moving average price is $18.92. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 0.89.
Investar (NASDAQ:ISTR - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.35 by $0.29. The firm had revenue of $20.25 million for the quarter, compared to the consensus estimate of $19.90 million. Investar had a return on equity of 8.60% and a net margin of 13.99%. On average, analysts predict that Investar Holding Corporation will post 1.83 earnings per share for the current year.
Investar Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Monday, June 30th. This is a positive change from Investar's previous quarterly dividend of $0.11. Investar's dividend payout ratio is 20.09%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Strs Ohio bought a new stake in Investar during the 1st quarter valued at $493,000. Acadian Asset Management LLC raised its holdings in Investar by 12.6% during the 1st quarter. Acadian Asset Management LLC now owns 92,454 shares of the financial services provider's stock valued at $1,627,000 after buying an additional 10,342 shares during the last quarter. Empowered Funds LLC raised its holdings in Investar by 7.2% during the 1st quarter. Empowered Funds LLC now owns 58,028 shares of the financial services provider's stock valued at $1,022,000 after buying an additional 3,905 shares during the last quarter. Trexquant Investment LP raised its holdings in Investar by 29.6% during the 1st quarter. Trexquant Investment LP now owns 30,165 shares of the financial services provider's stock valued at $531,000 after buying an additional 6,897 shares during the last quarter. Finally, Rhino Investment Partners Inc raised its holdings in Investar by 8.0% during the 1st quarter. Rhino Investment Partners Inc now owns 157,151 shares of the financial services provider's stock valued at $2,767,000 after buying an additional 11,703 shares during the last quarter. 50.17% of the stock is owned by hedge funds and other institutional investors.
Investar Company Profile
(
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.
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