Investar (ISTR) Set to Announce Earnings on Thursday

Investar (NASDAQ:ISTR) is scheduled to post its quarterly earnings results on Thursday, April 18th.

Investar (NASDAQ:ISTR) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. The business had revenue of $20.25 million for the quarter, compared to analysts’ expectations of $20.84 million. Investar had a return on equity of 8.64% and a net margin of 11.94%. On average, analysts expect Investar to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Investar Price Performance

NASDAQ:ISTR traded down $0.02 during trading hours on Wednesday, reaching $15.66. 9,033 shares of the company traded hands, compared to its average volume of 23,976. The firm’s 50-day moving average is $16.21 and its 200-day moving average is $14.11. The stock has a market cap of $153.15 million, a P/E ratio of 9.33 and a beta of 0.77. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.96 and a quick ratio of 0.96. Investar has a 1-year low of $9.07 and a 1-year high of $17.99.

Investar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, March 28th. Investar’s dividend payout ratio (DPR) is 23.67%.

Institutional Investors Weigh In On Investar

Several hedge funds have recently made changes to their positions in ISTR. UBS Group AG purchased a new position in shares of Investar in the 3rd quarter worth $31,000. NewEdge Advisors LLC raised its position in Investar by 79.1% in the first quarter. NewEdge Advisors LLC now owns 2,560 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 1,131 shares in the last quarter. Citigroup Inc. bought a new stake in Investar during the fourth quarter worth about $118,000. Quadrature Capital Ltd bought a new stake in shares of Investar during the second quarter valued at approximately $159,000. Finally, Man Group plc acquired a new position in Investar in the fourth quarter valued at approximately $211,000. Institutional investors and hedge funds own 50.17% 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.