Investar (NASDAQ:ISTR) Announces Quarterly Earnings Results

Investar (NASDAQ:ISTR) posted its earnings results on Thursday. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping 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 Price Performance

ISTR stock opened at $19.39 on Friday. Investar has a 12-month low of $14.60 and a 12-month high of $24.81. The stock has a market capitalization of $190.55 million, a price-to-earnings ratio of 10.83 and a beta of 0.81. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.85. The firm’s 50-day moving average price is $22.18 and its two-hundred day moving average price is $19.97.

Investar Dividend Announcement

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. This represents a $0.42 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Tuesday, December 31st. Investar’s dividend payout ratio is 23.46%.

Analyst Ratings Changes

Separately, StockNews.com lowered Investar from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th.

Insiders Place Their Bets

In other Investar news, Director Scott G. Ginn acquired 8,475 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average cost of $23.68 per share, with a total value of $200,688.00. Following the completion of the transaction, the director now directly owns 8,475 shares of the company’s stock, valued at approximately $200,688. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.73% of the company’s stock.

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.