Brokerages Expect Investar Holding Corp (ISTR) Will Announce Earnings of $0.43 Per Share
Analysts expect Investar Holding Corp (NASDAQ:ISTR) to announce earnings per share (EPS) of $0.43 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Investar’s earnings, with estimates ranging from $0.41 to $0.44. Investar posted earnings per share of $0.34 during the same quarter last year, which would indicate a positive year over year growth rate of 26.5%. The firm is expected to report its next quarterly earnings report on Thursday, January 24th.
On average, analysts expect that Investar will report full year earnings of $1.61 per share for the current fiscal year, with EPS estimates ranging from $1.55 to $1.65. For the next fiscal year, analysts forecast that the firm will report earnings of $1.98 per share, with EPS estimates ranging from $1.95 to $2.01. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Investar.
Investar (NASDAQ:ISTR) last announced its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). The business had revenue of $15.60 million during the quarter, compared to the consensus estimate of $15.65 million. Investar had a net margin of 16.88% and a return on equity of 8.50%.
In related news, Director Andrew C. Nelson purchased 4,500 shares of the business’s stock in a transaction on Tuesday, October 30th. The stock was acquired at an average price of $25.00 per share, with a total value of $112,500.00. Following the completion of the acquisition, the director now owns 33,232 shares of the company’s stock, valued at approximately $830,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have purchased 4,785 shares of company stock valued at $119,888. 9.07% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new position in Investar during the second quarter valued at approximately $129,000. JPMorgan Chase & Co. raised its position in Investar by 173.5% during the third quarter. JPMorgan Chase & Co. now owns 5,117 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 3,246 shares during the period. Rhumbline Advisers purchased a new stake in Investar during the second quarter valued at approximately $225,000. Globeflex Capital L P raised its position in Investar by 18.6% during the second quarter. Globeflex Capital L P now owns 14,000 shares of the financial services provider’s stock valued at $387,000 after purchasing an additional 2,200 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Investar by 39.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 19,426 shares of the financial services provider’s stock worth $538,000 after buying an additional 5,526 shares during the period. 58.12% of the stock is owned by hedge funds and other institutional investors.
Shares of ISTR stock traded down $0.48 on Thursday, hitting $24.95. 350 shares of the stock were exchanged, compared to its average volume of 30,642. Investar has a one year low of $22.53 and a one year high of $29.90. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $241.58 million, a price-to-earnings ratio of 22.40 and a beta of 0.36.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Monday, October 8th were given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Thursday, October 4th. This is a boost from Investar’s previous quarterly dividend of $0.04. Investar’s dividend payout ratio is 16.07%.
Investar Company Profile
Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products for individuals and small to medium-sized businesses in South Louisiana. The company offers various deposit products and services, such as savings, checking, money market, NOW, and individual retirement accounts, as well as various certificates of deposit; debit cards; and mobile banking services.
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