Investar Holding Corp (ISTR) Expected to Post Earnings of $0.46 Per Share

Brokerages forecast that Investar Holding Corp (NASDAQ:ISTR) will announce earnings of $0.46 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Investar’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.46. Investar reported earnings per share of $0.40 in the same quarter last year, which suggests a positive year over year growth rate of 15%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, July 24th.

According to Zacks, analysts expect that Investar will report full year earnings of $1.92 per share for the current financial year, with EPS estimates ranging from $1.90 to $1.93. For the next year, analysts forecast that the firm will post earnings of $2.13 per share, with EPS estimates ranging from $2.05 to $2.21. Zacks’ EPS averages are an average based on a survey of research analysts that cover Investar.

Investar (NASDAQ:ISTR) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. Investar had a net margin of 18.46% and a return on equity of 9.03%. The business had revenue of $16.44 million for the quarter, compared to analysts’ expectations of $16.42 million.

ISTR has been the subject of several analyst reports. Zacks Investment Research raised shares of Investar from a “sell” rating to a “hold” rating in a research note on Friday, February 22nd. ValuEngine lowered shares of Investar from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $29.00.

Shares of Investar stock traded down $0.15 on Friday, hitting $23.30. 6,563 shares of the company traded hands, compared to its average volume of 12,135. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.00. Investar has a 12-month low of $19.49 and a 12-month high of $29.90. The stock has a market cap of $234.64 million, a P/E ratio of 14.21 and a beta of 0.17.

In other Investar news, Director Robert Chris Jordan acquired 5,000 shares of Investar stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average price of $23.50 per share, with a total value of $117,500.00. Following the purchase, the director now owns 34,858 shares in the company, valued at $819,163. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders purchased 6,049 shares of company stock valued at $141,959. 9.64% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in Investar by 1.4% during the 4th quarter. Bank of New York Mellon Corp now owns 32,570 shares of the financial services provider’s stock worth $808,000 after acquiring an additional 458 shares during the last quarter. Green Square Capital LLC lifted its position in Investar by 1.2% during the 4th quarter. Green Square Capital LLC now owns 47,183 shares of the financial services provider’s stock worth $1,170,000 after acquiring an additional 580 shares during the last quarter. Northern Trust Corp raised its position in shares of Investar by 0.7% during the first quarter. Northern Trust Corp now owns 102,569 shares of the financial services provider’s stock valued at $2,329,000 after buying an additional 723 shares during the last quarter. Ramsey Quantitative Systems raised its position in shares of Investar by 65.4% during the fourth quarter. Ramsey Quantitative Systems now owns 3,166 shares of the financial services provider’s stock valued at $79,000 after buying an additional 1,252 shares during the last quarter. Finally, Vanguard Group Inc raised its position in shares of Investar by 0.4% during the third quarter. Vanguard Group Inc now owns 387,878 shares of the financial services provider’s stock valued at $10,414,000 after buying an additional 1,687 shares during the last quarter. 54.10% of the stock is owned by institutional investors and hedge funds.

Investar Company Profile

Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products for individuals and small to medium-sized businesses in South Louisiana. 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 cards; and mobile banking services.

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Earnings History and Estimates for Investar (NASDAQ:ISTR)

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