Investar (ISTR) Set to Announce Quarterly Earnings on Thursday

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

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

Investar Stock Performance

Shares of ISTR traded down $0.02 during mid-day trading on Wednesday, hitting $15.66. 9,033 shares of the company traded hands, compared to its average volume of 23,957. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a 50-day moving average price of $16.21 and a two-hundred day moving average price of $14.11. Investar has a 1 year low of $9.07 and a 1 year high of $17.99. The stock has a market cap of $153.15 million, a price-to-earnings ratio of 9.33 and a beta of 0.77.

Investar Announces Dividend

The business 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. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.40 annualized dividend and a dividend yield of 2.55%. Investar’s payout ratio is 23.67%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Investar by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 471,690 shares of the financial services provider’s stock valued at $7,033,000 after purchasing an additional 1,474 shares during the last quarter. Barclays PLC grew its position in Investar by 26.9% during the fourth quarter. Barclays PLC now owns 16,714 shares of the financial services provider’s stock valued at $249,000 after buying an additional 3,548 shares during the period. Bridgeway Capital Management LLC grew its position in Investar by 2.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 134,498 shares of the financial services provider’s stock valued at $2,005,000 after buying an additional 3,733 shares during the period. Dimensional Fund Advisors LP grew its position in Investar by 5.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 190,429 shares of the financial services provider’s stock valued at $2,839,000 after buying an additional 9,153 shares during the period. Finally, Alliancebernstein L.P. grew its position in Investar by 11.5% during the second quarter. Alliancebernstein L.P. now owns 154,753 shares of the financial services provider’s stock valued at $1,874,000 after buying an additional 16,000 shares during the period. 50.17% of the stock is owned by hedge funds and other institutional investors.

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.