Investar Holding Co. (NASDAQ:ISTR) Declares Quarterly Dividend of $0.11

Investar Holding Co. (NASDAQ:ISTR) announced a quarterly dividend on Thursday, March 20th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.105 per share by the financial services provider on Wednesday, April 30th. This represents a $0.42 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Monday, March 31st.

Investar has increased its dividend by an average of 9.8% per year over the last three years. Investar has a dividend payout ratio of 18.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Investar to earn $2.36 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 17.8%.

Investar Trading Down 0.4 %

Shares of ISTR stock traded down $0.07 during trading hours on Thursday, hitting $17.37. 12,737 shares of the company were exchanged, compared to its average volume of 41,346. The company has a 50 day simple moving average of $18.79 and a two-hundred day simple moving average of $20.31. The firm has a market cap of $170.68 million, a P/E ratio of 8.51 and a beta of 0.81. 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 has a fifty-two week low of $14.60 and a fifty-two week high of $24.81.

Investar (NASDAQ:ISTR) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.26. Investar had a net margin of 12.81% and a return on equity of 8.00%. Equities analysts anticipate that Investar will post 1.83 EPS for the current year.

Analysts Set New Price Targets

ISTR has been the topic of several recent research reports. Piper Sandler started coverage on Investar in a report on Friday, February 21st. They issued a “neutral” rating and a $21.00 price target on the stock. StockNews.com downgraded shares of Investar from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st.

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.