Investar (ISTR) to Release Earnings on Wednesday

Investar (NASDAQ:ISTR) is scheduled to release its earnings data on Wednesday, January 24th. Analysts expect Investar to post earnings of $0.33 per share for the quarter.

Investar (NASDAQ:ISTR) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Investar had a net margin of 14.88% and a return on equity of 5.88%. On average, analysts expect Investar to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Investar (NASDAQ ISTR) opened at $25.30 on Wednesday. The company has a market cap of $215.35, a price-to-earnings ratio of 25.82 and a beta of 0.30. Investar has a 1-year low of $18.31 and a 1-year high of $25.55. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 3rd will be issued a $0.0315 dividend. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.50%. This is a boost from Investar’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, January 2nd. Investar’s payout ratio is presently 13.27%.

In related news, CFO Christopher L. Hufft sold 2,500 shares of Investar stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $23.15, for a total value of $57,875.00. Following the transaction, the chief financial officer now directly owns 23,356 shares in the company, valued at approximately $540,691.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ryan P. Finnan sold 3,000 shares of Investar stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $23.70, for a total transaction of $71,100.00. Following the completion of the transaction, the executive vice president now owns 15,314 shares in the company, valued at $362,941.80. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 1,032 shares of company stock worth $24,279. 8.83% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of ISTR. The Manufacturers Life Insurance Company purchased a new position in Investar in the 2nd quarter valued at $190,000. California State Teachers Retirement System purchased a new position in Investar in the 2nd quarter valued at $332,000. Finally, State Street Corp purchased a new position in Investar in the 2nd quarter valued at $2,510,000. Hedge funds and other institutional investors own 61.58% of the company’s stock.

ISTR has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Investar from a “sell” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Tuesday, December 26th. Hovde Group reaffirmed an “outperform” rating and issued a $28.00 target price on shares of Investar in a report on Friday, December 29th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $26.00 target price on shares of Investar in a report on Thursday, October 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Investar currently has a consensus rating of “Buy” and an average target price of $27.00.

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Investar Company Profile

Investar Holding Corporation is financial holding company that conducts its operations through, Investar Bank (the Bank), which is a commercial bank. The Company offers a range of commercial and retail lending products throughout its market areas, including business loans to small to medium-sized businesses, as well as loans to individuals.

Earnings History for Investar (NASDAQ:ISTR)

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