Investar Holding Corporation (ISTR) To Go Ex-Dividend on June 30th

Investar Holding Corporation (NASDAQ:ISTR) announced a quarterly dividend on Wednesday, June 17th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.12 per share by the financial services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a 9.1% increase from Investar’s previous quarterly dividend of $0.11.

Investar has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 10 consecutive years. Investar has a payout ratio of 21.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Investar to earn $3.23 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 14.9%.

Investar Stock Performance

Shares of ISTR opened at $29.85 on Friday. The stock’s 50-day simple moving average is $28.64 and its 200 day simple moving average is $28.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. Investar has a 52-week low of $19.00 and a 52-week high of $31.77. The stock has a market capitalization of $411.65 million, a price-to-earnings ratio of 13.09 and a beta of 0.46.

Investar (NASDAQ:ISTR) last issued its quarterly earnings data on Monday, April 20th. The financial services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.69 by $0.18. Investar had a net margin of 16.53% and a return on equity of 10.62%. The company had revenue of $35.64 million during the quarter, compared to analysts’ expectations of $36.40 million. Research analysts forecast that Investar will post 3.1 EPS for the current fiscal year.

About Investar

Investar Holdings, Inc is a bank holding company headquartered in Baton Rouge, Louisiana, operating through its primary subsidiary, Investar Bank. The company delivers commercial and consumer banking products across southeastern Louisiana and into select Texas markets, focusing on relationship-driven service. Investar Bank’s offerings include deposit accounts, lending solutions, online and mobile banking, and treasury management services.

Its lending portfolio encompasses commercial real estate financing, construction and development loans, commercial and industrial credits, agricultural loans, and residential mortgage originations.