Analysts expect Investar Holding Corp (NASDAQ:ISTR) to report sales of $15.93 million for the current quarter, Zacks reports. Three analysts have made estimates for Investar’s earnings, with the highest sales estimate coming in at $16.19 million and the lowest estimate coming in at $15.80 million. Investar posted sales of $13.78 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.6%. The business is scheduled to issue its next quarterly earnings results on Thursday, January 24th.
According to Zacks, analysts expect that Investar will report full-year sales of $61.92 million for the current fiscal year, with estimates ranging from $61.80 million to $62.10 million. For the next financial year, analysts anticipate that the business will post sales of $72.04 million, with estimates ranging from $71.10 million to $72.98 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Investar.
Investar (NASDAQ:ISTR) last announced its earnings results on Thursday, October 25th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.02). Investar had a net margin of 16.88% and a return on equity of 8.45%. The business had revenue of $15.60 million for the quarter, compared to analyst estimates of $15.65 million.
In related news, Director Andrew C. Nelson bought 4,500 shares of the stock in a transaction dated Tuesday, October 30th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $112,500.00. Following the completion of the purchase, the director now directly owns 33,232 shares of the company’s stock, valued at $830,800. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.07% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc raised its holdings in shares of Investar by 0.4% during the third quarter. Vanguard Group Inc now owns 387,878 shares of the financial services provider’s stock valued at $10,414,000 after acquiring an additional 1,687 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Investar by 173.5% during the third quarter. JPMorgan Chase & Co. now owns 5,117 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 3,246 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Investar by 7.4% during the third quarter. Renaissance Technologies LLC now owns 61,648 shares of the financial services provider’s stock valued at $1,655,000 after acquiring an additional 4,248 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of Investar during the second quarter valued at approximately $129,000. Finally, Northern Trust Corp raised its holdings in shares of Investar by 5.9% during the second quarter. Northern Trust Corp now owns 98,551 shares of the financial services provider’s stock valued at $2,725,000 after acquiring an additional 5,510 shares during the last quarter. 57.92% of the stock is owned by institutional investors and hedge funds.
Investar stock traded up $0.45 during trading hours on Friday, hitting $23.20. 12,700 shares of the stock traded hands, compared to its average volume of 10,040. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $219.75 million, a PE ratio of 20.71 and a beta of 0.32. Investar has a 1 year low of $19.49 and a 1 year high of $29.90.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Monday, December 31st will be paid a $0.05 dividend. This is an increase from Investar’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Friday, December 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.86%. Investar’s dividend payout ratio is presently 17.86%.
Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products for individuals and small to medium-sized businesses in South Louisiana. The company offers various deposit products and services, such as savings, checking, money market, NOW, and individual retirement accounts, as well as various certificates of deposit; debit cards; and mobile banking services.
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