Investar (ISTR) Scheduled to Post Earnings on Thursday

Investar (NASDAQ:ISTR) will be announcing its earnings results on Thursday, April 18th.

Investar (NASDAQ:ISTR) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.14. Investar had a net margin of 11.94% and a return on equity of 8.64%. The firm had revenue of $20.25 million for 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 Trading Up 0.5 %

NASDAQ ISTR traded up $0.08 during trading hours on Wednesday, hitting $15.76. 7,116 shares of the company were exchanged, compared to its average volume of 23,934. Investar has a 52 week low of $9.07 and a 52 week high of $17.99. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.24. The stock has a 50-day moving average price of $16.21 and a 200 day moving average price of $14.11. The stock has a market cap of $154.13 million, a PE ratio of 9.33 and a beta of 0.77.

Investar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.54%. The ex-dividend date is Thursday, March 28th. Investar’s payout ratio is 23.67%.

Institutional Trading of Investar

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG bought a new position in shares of Investar in the third quarter worth about $31,000. NewEdge Advisors LLC raised its position in Investar by 79.1% during the 1st quarter. NewEdge Advisors LLC now owns 2,560 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,131 shares in the last quarter. Citigroup Inc. bought a new position in shares of Investar during the 4th quarter worth $118,000. Quadrature Capital Ltd purchased a new position in shares of Investar during the second quarter valued at $159,000. Finally, Man Group plc purchased a new stake in Investar in the fourth quarter worth about $211,000. 50.17% of the stock is owned by hedge funds and other institutional investors.

About Investar

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.