Investar Holding Co. (NASDAQ:ISTR - Get Free Report) declared a quarterly dividend on Thursday, March 20th, Wall Street Journal reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.105 per share by the financial services provider on Wednesday, April 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Monday, March 31st.
Investar has raised its dividend by an average of 9.8% per year over the last three years. Investar has a dividend payout ratio of 18.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Investar to earn $2.36 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 17.8%.
Investar Stock Up 1.2 %
Investar stock traded up $0.22 during midday trading on Monday, reaching $17.95. The company's stock had a trading volume of 81,380 shares, compared to its average volume of 41,785. Investar has a 52-week low of $14.60 and a 52-week high of $24.81. The stock has a market capitalization of $176.38 million, a P/E ratio of 8.80 and a beta of 0.81. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.95 and a quick ratio of 0.95. The stock's 50-day simple moving average is $18.73 and its 200-day simple moving average is $20.31.
Investar (NASDAQ:ISTR - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.26. Investar had a net margin of 12.81% and a return on equity of 8.00%. On average, sell-side analysts expect that Investar will post 1.83 EPS for the current year.
Analyst Ratings Changes
A number of research firms recently commented on ISTR. Piper Sandler began coverage on Investar in a report on Friday, February 21st. They set a "neutral" rating and a $21.00 target price for the company. StockNews.com raised shares of Investar from a "hold" rating to a "buy" rating in a report on Thursday.
Read Our Latest Research Report on Investar
About Investar
(
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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.
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