Investar (ISTR) Scheduled to Post Earnings on Thursday

Investar (NASDAQ:ISTR) is scheduled to be announcing its earnings results on Thursday, April 18th.

Investar (NASDAQ:ISTR) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.25 by $0.14. Investar had a return on equity of 8.64% and a net margin of 11.94%. The firm had revenue of $20.25 million for the quarter, compared to the consensus estimate of $20.84 million. On average, analysts expect Investar to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Investar Stock Up 0.5 %

NASDAQ ISTR traded up $0.08 on Wednesday, hitting $15.76. 7,116 shares of the company were exchanged, compared to its average volume of 23,934. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.24. The stock has a fifty day moving average of $16.21 and a 200-day moving average of $14.11. The company has a market cap of $154.13 million, a PE ratio of 9.33 and a beta of 0.77. Investar has a 12 month low of $9.07 and a 12 month high of $17.99.

Investar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.40 annualized dividend and a dividend yield of 2.54%. Investar’s payout ratio is 23.67%.

Institutional Investors Weigh In On Investar

A number of hedge funds have recently made changes to their positions in the business. UBS Group AG purchased a new position in shares of Investar in the third quarter worth $31,000. NewEdge Advisors LLC boosted its holdings in shares of Investar by 79.1% in the 1st quarter. NewEdge Advisors LLC now owns 2,560 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 1,131 shares during the period. Citigroup Inc. purchased a new position in shares of Investar during the fourth quarter valued at approximately $118,000. Quadrature Capital Ltd bought a new stake in Investar during the 2nd quarter valued at about $159,000. Finally, Man Group plc purchased a new stake in Investar in the fourth quarter worth about $211,000. 50.17% of the stock is currently owned by institutional investors.

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.