Investar (ISTR) to Release Quarterly Earnings on Thursday

Investar (NASDAQ:ISTR - Get Free Report) will post its quarterly earnings results on Thursday, April 18th.

Investar (NASDAQ:ISTR - Get Free Report) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.14. Investar had a net margin of 11.94% and a return on equity of 8.64%. The firm had revenue of $20.25 million during the quarter, compared to the consensus estimate of $20.84 million. On average, analysts expect Investar to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Investar Stock Performance

Shares of ISTR stock traded down $0.02 during mid-day trading on Wednesday, reaching $15.66. 9,033 shares of the company's stock traded hands, compared to its average volume of 23,983. Investar has a 12 month low of $9.07 and a 12 month high of $17.99. The firm has a 50 day moving average price of $16.21 and a two-hundred day moving average price of $14.11. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $153.15 million, a PE ratio of 9.33 and a beta of 0.77.

Investar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Thursday, March 28th. Investar's payout ratio is 23.67%.

Institutional Investors Weigh In On Investar

A number of hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp grew its position in shares of Investar by 4.3% during the 1st quarter. Bank of New York Mellon Corp now owns 12,901 shares of the financial services provider's stock valued at $246,000 after acquiring an additional 526 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Investar by 79.1% during the 1st quarter. NewEdge Advisors LLC now owns 2,560 shares of the financial services provider's stock valued at $36,000 after buying an additional 1,131 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Investar by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 471,690 shares of the financial services provider's stock valued at $7,033,000 after buying an additional 1,474 shares in the last quarter. UBS Group AG purchased a new position in shares of Investar during the 3rd quarter valued at $31,000. Finally, State Street Corp lifted its stake in shares of Investar by 6.2% during the 1st quarter. State Street Corp now owns 28,224 shares of the financial services provider's stock valued at $541,000 after buying an additional 1,656 shares in the last quarter. Institutional investors own 50.17% of the company's stock.

About Investar

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.