Headlines about Investar (NASDAQ:ISTR) have been trending somewhat positive on Monday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Investar earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.9353988448605 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Investar (ISTR) traded up $0.70 during midday trading on Monday, hitting $24.20. 21,200 shares of the stock traded hands, compared to its average volume of 16,919. Investar has a 12-month low of $19.80 and a 12-month high of $25.95. The stock has a market cap of $230.26, a price-to-earnings ratio of 24.95 and a beta of 0.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18.
Investar (NASDAQ:ISTR) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The firm had revenue of $13.78 million during the quarter, compared to analyst estimates of $13.54 million. Investar had a net margin of 14.35% and a return on equity of 6.37%. analysts forecast that Investar will post 1.72 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 3rd were issued a $0.0315 dividend. This represents a $0.13 annualized dividend and a yield of 0.52%. This is a positive change from Investar’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, January 2nd. Investar’s dividend payout ratio is currently 13.40%.
Several equities research analysts have recently commented on ISTR shares. Zacks Investment Research raised shares of Investar from a “sell” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Tuesday, December 26th. Hovde Group reaffirmed an “outperform” rating and set a $28.00 price target on shares of Investar in a research report on Friday, December 29th. Finally, Sandler O’Neill set a $29.00 price target on shares of Investar and gave the company a “buy” rating in a research report on Monday, January 29th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $27.50.
In related news, EVP Ryan P. Finnan sold 3,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $23.70, for a total value of $71,100.00. Following the completion of the sale, the executive vice president now directly owns 15,314 shares of the company’s stock, valued at approximately $362,941.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 8.83% of the company’s stock.
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Investar Holding Corporation is financial holding company that conducts its operations through, Investar Bank (the Bank), which is a commercial bank. The Company offers a range of commercial and retail lending products throughout its market areas, including business loans to small to medium-sized businesses, as well as loans to individuals.
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