Investar (NASDAQ:ISTR) Posts Quarterly Earnings Results, Beats Estimates By $0.29 EPS

Investar (NASDAQ:ISTR) released its earnings results on Monday. The financial services provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.29, Zacks reports. The business had revenue of $20.25 million for the quarter, compared to the consensus estimate of $19.90 million. Investar had a net margin of 12.81% and a return on equity of 8.00%.

Investar Trading Up 8.2 %

Investar stock opened at $18.37 on Wednesday. The company has a 50 day moving average price of $17.46 and a 200 day moving average price of $19.98. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.95 and a current ratio of 0.95. Investar has a 52 week low of $14.60 and a 52 week high of $24.81. The firm has a market capitalization of $180.41 million, a price-to-earnings ratio of 9.00 and a beta of 0.52.

Investar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a $0.105 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.42 annualized dividend and a dividend yield of 2.29%. Investar’s dividend payout ratio (DPR) is presently 20.59%.

Analyst Ratings Changes

Several research analysts have issued reports on ISTR shares. Piper Sandler raised Investar from a “neutral” rating to an “overweight” rating and upped their price target for the company from $21.00 to $22.00 in a report on Tuesday. StockNews.com upgraded Investar from a “hold” rating to a “buy” rating in a report on Tuesday.

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.