Investar Holding Co. (NASDAQ:ISTR – Get Free Report) announced a quarterly dividend on Wednesday, June 19th, Zacks reports. Shareholders of record on Monday, July 1st will be given a dividend of 0.10 per share by the financial services provider on Wednesday, July 31st. This represents a $0.40 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Monday, July 1st.
Investar has increased its dividend by an average of 16.5% annually over the last three years. Investar has a dividend payout ratio of 21.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Investar to earn $1.92 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 20.8%.
Investar Stock Down 0.6 %
ISTR stock opened at $15.40 on Friday. Investar has a 1-year low of $9.07 and a 1-year high of $17.99. The stock has a market cap of $151.38 million, a price-to-earnings ratio of 8.60 and a beta of 0.77. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.30. The company’s 50 day moving average is $15.78 and its 200 day moving average is $15.99.
Analysts Set New Price Targets
ISTR has been the subject of several research analyst reports. StockNews.com raised Investar from a “hold” rating to a “buy” rating in a research note on Thursday, June 6th. Hovde Group cut their target price on Investar from $20.50 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, April 23rd.
Read Our Latest Stock Report on Investar
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.
See Also
- Five stocks we like better than Investar
- What is the Australian Securities Exchange (ASX)
- Upwork Stock’s Outlook: Numbers Solid Despite Gen-AI Challenges
- Stock Market Upgrades: What Are They?
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- What Are Growth Stocks and Investing in Them
- MarketBeat Week in Review – 6/24 – 6/28
Receive News & Ratings for Investar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investar and related companies with MarketBeat.com's FREE daily email newsletter.