Investar (NASDAQ:ISTR - Get Free Report) released its quarterly earnings data on Thursday. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.39 by $0.26, Zacks reports. Investar had a net margin of 11.35% and a return on equity of 6.94%.
Investar Trading Down 0.3 %
Shares of Investar stock traded down $0.06 during trading on Friday, hitting $19.47. The stock had a trading volume of 18,078 shares, compared to its average volume of 28,539. Investar has a 12 month low of $14.60 and a 12 month high of $24.81. The firm's fifty day simple moving average is $22.11 and its 200-day simple moving average is $19.96. The stock has a market cap of $191.35 million, a PE ratio of 10.88 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.
Investar Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.105 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.42 annualized dividend and a dividend yield of 2.16%. Investar's dividend payout ratio (DPR) is presently 20.59%.
Insider Activity at Investar
In related news, Director Scott G. Ginn acquired 8,475 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The stock was bought at an average price of $23.68 per share, for a total transaction of $200,688.00. Following the acquisition, the director now directly owns 8,475 shares of the company's stock, valued at $200,688. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.73% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Investar from a "buy" rating to a "hold" rating in a report on Wednesday, October 30th.
View Our Latest Stock Report on ISTR
About Investar
(
Get Free Report)
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
Before you consider Investar, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Investar wasn't on the list.
While Investar currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
