Wall Street analysts expect Investar Holding Co. (NASDAQ:ISTR) to post $21.30 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Investar’s earnings. The lowest sales estimate is $21.09 million and the highest is $21.50 million. Investar reported sales of $18.54 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.9%. The company is expected to issue its next quarterly earnings report on Thursday, January 28th.
According to Zacks, analysts expect that Investar will report full-year sales of $84.10 million for the current financial year, with estimates ranging from $83.89 million to $84.30 million. For the next financial year, analysts anticipate that the business will report sales of $83.49 million, with estimates ranging from $82.18 million to $84.80 million. Zacks’ sales averages are an average based on a survey of analysts that follow Investar.
Investar (NASDAQ:ISTR) last announced its earnings results on Thursday, October 22nd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.06. Investar had a return on equity of 5.51% and a net margin of 12.15%. The business had revenue of $22.11 million for the quarter, compared to analyst estimates of $21.00 million.
Separately, Zacks Investment Research lowered Investar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 30th.
A number of large investors have recently bought and sold shares of the stock. Strs Ohio grew its stake in Investar by 162.5% in the third quarter. Strs Ohio now owns 2,100 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,300 shares in the last quarter. California State Teachers Retirement System boosted its stake in Investar by 6.2% in the third quarter. California State Teachers Retirement System now owns 15,385 shares of the financial services provider’s stock valued at $197,000 after acquiring an additional 894 shares during the period. Penn Capital Management Co. Inc. boosted its stake in Investar by 1.3% in the third quarter. Penn Capital Management Co. Inc. now owns 77,997 shares of the financial services provider’s stock valued at $1,000,000 after acquiring an additional 1,033 shares during the period. Banc Funds Co. LLC boosted its stake in Investar by 2.7% in the third quarter. Banc Funds Co. LLC now owns 757,594 shares of the financial services provider’s stock valued at $9,712,000 after acquiring an additional 20,000 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in Investar by 442.8% in the third quarter. BNP Paribas Arbitrage SA now owns 2,475 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 2,019 shares during the period. Institutional investors and hedge funds own 54.97% of the company’s stock.
Shares of NASDAQ ISTR traded up $0.03 during midday trading on Tuesday, reaching $17.00. 581 shares of the company’s stock were exchanged, compared to its average volume of 14,230. Investar has a 52-week low of $8.49 and a 52-week high of $24.40. The stock has a market capitalization of $180.57 million, a PE ratio of 14.50 and a beta of 0.74. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.01 and a current ratio of 1.01. The business’s fifty day moving average price is $16.95 and its two-hundred day moving average price is $14.73.
The company also recently declared a quarterly dividend, which will be paid on Sunday, January 31st. Investors of record on Monday, December 28th will be paid a $0.065 dividend. The ex-dividend date is Thursday, December 24th. This represents a $0.26 dividend on an annualized basis and a yield of 1.53%. Investar’s dividend payout ratio (DPR) is 14.36%.
Investar Holding Corporation operates as the bank holding company for Investar Bank that provides various commercial banking products to individuals and small to medium-sized businesses in South Louisiana. 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 cards; and mobile banking services.
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