Brokerages forecast that Investar Holding Corp (NASDAQ:ISTR) will post earnings per share of $0.38 for the current quarter, according to Zacks. Two analysts have issued estimates for Investar’s earnings, with estimates ranging from $0.37 to $0.39. Investar reported earnings per share of $0.22 during the same quarter last year, which suggests a positive year-over-year growth rate of 72.7%. The company is scheduled to issue its next earnings results on Wednesday, July 25th.
According to Zacks, analysts expect that Investar will report full-year earnings of $1.65 per share for the current financial year, with EPS estimates ranging from $1.60 to $1.70. For the next year, analysts expect that the business will report earnings of $1.97 per share, with EPS estimates ranging from $1.90 to $2.04. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Investar.
Investar (NASDAQ:ISTR) last announced its earnings results on Wednesday, April 25th. The financial services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The business had revenue of $14.93 million for the quarter, compared to analyst estimates of $14.22 million. Investar had a return on equity of 7.01% and a net margin of 13.78%.
A number of brokerages have weighed in on ISTR. BidaskClub lowered Investar from a “strong-buy” rating to a “buy” rating in a research note on Friday. Zacks Investment Research lowered Investar from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, Sandler O’Neill set a $30.00 price objective on Investar and gave the company a “buy” rating in a research report on Tuesday, April 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $27.75.
NASDAQ ISTR traded up $0.25 during trading on Friday, reaching $28.30. The company’s stock had a trading volume of 5 shares, compared to its average volume of 13,245. The firm has a market capitalization of $269.80 million, a P/E ratio of 25.04 and a beta of 0.36. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.18. Investar has a one year low of $20.25 and a one year high of $28.95.
In other Investar news, Director James M. Baker bought 1,010 shares of the business’s stock in a transaction on Monday, June 4th. The shares were acquired at an average cost of $27.80 per share, for a total transaction of $28,078.00. Following the purchase, the director now owns 6,977 shares in the company, valued at approximately $193,960.60. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have acquired 1,168 shares of company stock worth $32,168. Company insiders own 9.07% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. ELCO Management Co. LLC boosted its holdings in shares of Investar by 61.9% in the first quarter. ELCO Management Co. LLC now owns 22,913 shares of the financial services provider’s stock valued at $592,000 after purchasing an additional 8,761 shares during the period. Mendon Capital Advisors Corp boosted its position in shares of Investar by 61.9% during the 1st quarter. Mendon Capital Advisors Corp now owns 22,913 shares of the financial services provider’s stock worth $592,000 after purchasing an additional 8,761 shares during the period. Wells Fargo & Company MN boosted its position in shares of Investar by 33.0% during the 4th quarter. Wells Fargo & Company MN now owns 27,259 shares of the financial services provider’s stock worth $657,000 after purchasing an additional 6,759 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Investar by 14.2% during the 4th quarter. Bank of New York Mellon Corp now owns 28,820 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 3,589 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Investar by 86.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 50,767 shares of the financial services provider’s stock worth $1,312,000 after purchasing an additional 23,480 shares during the period. Institutional investors and hedge funds own 57.63% of the company’s stock.
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, NOW, and individual retirement accounts, as well as various certificates of deposit; debit cards; and mobile banking services.
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