$ 0.55 of EPS expected for Investar Holding Co. (NASDAQ: ISTR) this quarter
Analysts expect Investar Holding Co. (NASDAQ: ISTR) to post earnings per share of $ 0.55 for the current fiscal quarter, according to Zack. Two analysts provided earnings estimates for Investar, with the highest EPS estimate being $ 0.56 and the lower estimate being $ 0.55. Investar reported earnings per share of $ 0.39 in the same quarter last year, which would suggest a positive year-over-year growth rate of 41%. The company is expected to release its next quarterly results on Monday, January 24.
On average, analysts expect Investar to report annual earnings of $ 0.51 per share for the current year, with EPS estimates ranging from $ 0.50 to $ 0.52. For the next fiscal year, analysts predict the company will post earnings of $ 2.16 per share, with EPS estimates ranging from $ 1.91 to $ 2.55. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts who cover Investar.
Investar (NASDAQ: ISTR) last released its quarterly results on Wednesday, October 20. The financial services provider reported ($ 1.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters consensus estimate of ($ 1.05) by ($ 0.01). The company posted revenue of $ 25.46 million in the quarter, compared to a consensus estimate of $ 24.56 million. Investar had a net margin of 5.15% and a return on equity of 1.57%.
A number of research companies have recently weighed in on ISTR. Zacks investment research downgraded Investar from a “hold” rating to a “strong sell” rating in a research report released on Tuesday, October 19. Piper Sandler downgraded Investar from an “overweight” rating to a “neutral” rating and lowered its price target for the share from $ 27.00 to $ 20.00 in a report released on Friday October 15th. Finally, TheStreet downgraded Investar from a “b” rating to a “c” rating in a report released on Friday, October 22.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Trexquant Investment LP purchased a new stake in the shares of Investar in the second quarter valued at approximately $ 200,000. Marshall Wace North America LP purchased a new equity stake in Investar during the second quarter valued at approximately $ 210,000. Jump Financial LLC purchased a new stake in the shares of Investar during the 2nd quarter valued at approximately $ 215,000. Royal Bank of Canada strengthened its position in Investar shares by 18.7% during the second quarter. 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 in the last quarter. Finally, Sei Investments Co. purchased a new equity stake in Investar during the second quarter valued at approximately $ 246,000. Hedge funds and other institutional investors own 54.99% of the company’s shares.
NASDAQ: ISTR shares traded up $ 0.14 during trading on Tuesday, reaching $ 18.13. The company’s 9,716 shares traded hands, up from its average volume of 38,618. The company’s 50-day moving average price is $ 19.69. The company has a market cap of $ 187.52 million, a price-to-earnings ratio of 35.55 and a beta of 0.67. The company has a leverage ratio of 0.51, a current ratio of 0.95, and a quick ratio of 0.95. Investar has a 52 week low of $ 15.66 and a 52 week high of $ 23.69.
The company also recently declared a quarterly dividend, which was paid on Friday, October 29. Shareholders of record on Thursday, September 30, received a dividend of $ 0.08. The ex-dividend date was Wednesday, September 29. This represents a dividend of $ 0.32 on an annualized basis and a dividend yield of 1.77%. Investar’s dividend payout ratio (DPR) is currently 62.75%.
Investar Holding Corp. is a financial holding company which provides full banking services. It offers a full range of commercial and retail lending products in its market areas, including loans to small and medium businesses as well as personal loans. Its lending products include owner-occupied commercial real estate loans, construction loans, and commercial and industrial loans, such as term loans, equipment finance and lines of credit, while its personal loans include first and second mortgages, installment loans and lines of credit.
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