Investar (ISTR) Projected to Post Quarterly Earnings on Thursday

Investar (NASDAQ:ISTR) is expected to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect Investar to post earnings of $0.39 per share and revenue of $20,600.00 billion for the quarter.

Investar (NASDAQ:ISTR) last posted its earnings results on Monday, October 21st. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12. Investar had a return on equity of 6.94% and a net margin of 11.35%. The firm had revenue of $40.39 million during the quarter, compared to analysts’ expectations of $20.07 million. On average, analysts expect Investar to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Investar Stock Up 1.3 %

NASDAQ:ISTR opened at $20.39 on Wednesday. Investar has a 1 year low of $14.60 and a 1 year high of $24.81. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.85. The stock has a market cap of $200.43 million, a price-to-earnings ratio of 11.39 and a beta of 0.81. The stock has a 50-day moving average price of $22.32 and a two-hundred day moving average price of $19.93.

Investar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.105 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.42 dividend on an annualized basis and a yield of 2.06%. Investar’s payout ratio is 23.46%.

Insider Buying and Selling

In related news, Director Scott G. Ginn bought 8,475 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average price of $23.68 per share, for a total transaction of $200,688.00. Following the completion of the acquisition, the director now owns 8,475 shares of the company’s stock, valued at approximately $200,688. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.73% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com cut Investar from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th.

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.