Wall Street Stockbrokers Expect Investar Holding Co. (NASDAQ:ISTR – received rating) to report earnings per share of $0.54 for the current quarter, Zack reports. Two analysts have made estimates for Investar’s earnings. The highest EPS estimate is $0.56 and the lowest is $0.53. Investar reported earnings of $0.49 per share for the same quarter last year, indicating a positive growth rate of 10.2% year over year. The company is expected to release its next quarterly earnings report on Thursday, April 28th.
According to Zacks, analysts expect YTD Investor to report full-year earnings per share of $2.25 with EPS estimates ranging from $2.11 to $2.40. For the next fiscal year, analysts are forecasting that the company will report earnings of $2.49 per share, with EPS estimates ranging from $2.40 to $2.62. Zacks’ average earnings per share is an average based on a survey of sell-side analysts covering Investar.
Investor (NASDAQ:ISTR – received rating) last released its quarterly results on Thursday, January 27th. The financial services provider reported $0.56 per share for the quarter. The company had revenue of $23.15 million for the quarter. Investar had a return on equity of 2.27% and a net margin of 7.44%.
ISTR has been the subject of several research reports. TheStreet upgraded Investar from a “c” rating to a “b” rating in a report on Thursday 3 March. Zacks Investment Research downgraded Investar from a “buy” rating to a “hold” rating in a research report on Wednesday, February 2nd. Finally, StockNews.com began reporting on Investor in a research report on Friday. You give the company a “hold” rating.
ISTR shares fell $0.05 on Friday midday to hit $19.48. 12,737 shares of the stock were exchanged compared to an average volume of 18,948. The stock’s 50-day moving average price is $19.47 and its 200-day moving average price is $19.66. The stock has a market cap of $200.84 million, a price-to-earnings ratio of 25.63 and a beta of 0.59. Investar has a 52-week low of $17.08 and a 52-week high of $23.69. The company has a debt to equity ratio of 0.50, a quick ratio of 0.91 and a current ratio of 0.91.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 29th. Stockholders of record on Thursday, March 31 will receive a dividend of $0.085 per share. That equates to a dividend of $0.34 on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Wednesday March 30th. This is an increase from Investar’s previous quarterly dividend of $0.08. Investar’s payout ratio is 42.11%.
In related news, insider Jeffrey Wayne Martin acquired 1,714 shares of Investar in a transaction on Wednesday, March 2nd. The shares were purchased at an average price of $20.41 per share for a total transaction of $34,982.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the past three months, insiders have purchased 2,314 shares of the company’s shares, valued at $46,759. 9.75% of the shares are owned by company insiders.
Several large investors recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in Investar shares by 1.0% in the third quarter. Geode Capital Management LLC now owns 101,921 shares of the financial services firm valued at $2,244,000 after purchasing an additional 1,004 shares last quarter. The Royal Bank of Canada increased its holdings of Investar shares by 18.7% in the second quarter. The Royal Bank of Canada now owns 10,539 shares of the financial services provider, valued at $241,000, after purchasing an additional 1,658 shares last quarter. Trexquant Investment LP increased its stake in Investar by 28.9% in the third quarter. Trexquant Investment LP now owns 11,270 shares of the financial services provider, valued at $248,000, after purchasing an additional 2,530 shares last quarter. Maltese Capital Management LLC increased its holding in Investar by 0.6% during the fourth quarter. Maltese Capital Management LLC now owns 491,000 shares of the financial services firm valued at $9,039,000 after purchasing an additional 2,700 shares last quarter. Finally, Kennedy Capital Management Inc. increased its holding in Investar by 1.7% during the fourth quarter. Kennedy Capital Management Inc. now owns 319,928 shares of the financial services firm valued at $5,890,000 after purchasing an additional 5,266 shares last quarter. Institutional investors and hedge funds own 55.62% of the company’s shares.
About Investor (received rating)
Investor Holding Corp. is a financial holding company engaged in the provision of full banking services. It offers a full range of commercial and retail lending products in its market areas, including small and medium-sized business lending and lending to individuals. Its lending products consist of owner-occupied commercial real estate loans, home loans, and commercial and industrial loans, such as the loan.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
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