Investar (NASDAQ:ISTR) Issues Quarterly Earnings Results

Investar (NASDAQ:ISTR) announced its quarterly earnings data on Monday. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.12, Yahoo Finance reports. The firm had revenue of $40.39 million during the quarter, compared to analysts’ expectations of $20.07 million. Investar had a net margin of 10.04% and a return on equity of 6.69%.

Investar Stock Performance

Shares of NASDAQ ISTR opened at $19.89 on Tuesday. The firm’s fifty day moving average is $18.60 and its two-hundred day moving average is $17.00. Investar has a 52-week low of $9.07 and a 52-week high of $21.03. The company has a market cap of $195.50 million, a P/E ratio of 11.11 and a beta of 0.78. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.98 and a current ratio of 0.98.

Investar Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be given a dividend of $0.105 per share. This is a positive change from Investar’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.11%. Investar’s dividend payout ratio is currently 23.46%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Investar from a “buy” rating to a “hold” rating in a report on Monday, August 5th.

Investar Company Profile

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.