Media coverage about Investar (NASDAQ:ISTR) has been trending somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Investar earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.7792756943796 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Investar (ISTR) opened at $24.25 on Wednesday. Investar has a 12-month low of $19.80 and a 12-month high of $25.95. The stock has a market capitalization of $231.69, a price-to-earnings ratio of 21.55 and a beta of 0.35. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01.
Investar (NASDAQ:ISTR) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Investar had a return on equity of 6.37% and a net margin of 14.35%. The firm had revenue of $13.78 million during the quarter, compared to analyst estimates of $13.54 million. sell-side analysts predict that Investar will post 1.72 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 3rd were given a dividend of $0.0315 per share. The ex-dividend date was Tuesday, January 2nd. This is a positive change from Investar’s previous quarterly dividend of $0.03. This represents a $0.13 annualized dividend and a dividend yield of 0.52%. Investar’s dividend payout ratio (DPR) is currently 13.40%.
ISTR has been the topic of a number of recent research reports. Zacks Investment Research upgraded Investar from a “sell” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Tuesday, December 26th. Hovde Group reissued an “outperform” rating and issued 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 Investar and gave the company a “buy” rating in a research report on Monday, January 29th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $27.50.
In other news, EVP Ryan P. Finnan sold 3,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $23.70, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 8.83% of the company’s stock.
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Investar Company Profile
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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