Investar (NASDAQ:ISTR) Announces Earnings Results

Investar (NASDAQ:ISTR) issued its quarterly earnings results on Sunday. The financial services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06, MarketWatch Earnings reports. Investar had a net margin of 12.15% and a return on equity of 5.51%.

Shares of Investar stock traded down $0.67 on Tuesday, hitting $16.59. The stock had a trading volume of 1,186 shares, compared to its average volume of 15,071. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.93. Investar has a one year low of $8.49 and a one year high of $24.22. The stock has a market cap of $176.22 million, a price-to-earnings ratio of 14.75 and a beta of 0.74. The stock’s 50-day simple moving average is $17.04 and its two-hundred day simple moving average is $14.88.

The company also recently announced a quarterly dividend, which will be paid on Sunday, January 31st. Stockholders of record on Monday, December 28th will be issued a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, December 24th. Investar’s dividend payout ratio is 14.36%.

Separately, Zacks Investment Research cut shares of Investar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 30th.

Investar Company Profile

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.

See Also: How To Calculate Debt-to-Equity Ratio

Earnings History for Investar (NASDAQ:ISTR)

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