Brokerages expect that Investar Holding Corp (NASDAQ:ISTR) will report $0.43 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Investar’s earnings. The lowest EPS estimate is $0.41 and the highest is $0.44. Investar reported earnings per share of $0.34 in the same quarter last year, which would suggest a positive year-over-year growth rate of 26.5%. The firm is expected to announce its next earnings report on Thursday, January 24th.
On average, analysts expect that Investar will report full-year earnings of $1.64 per share for the current fiscal year, with EPS estimates ranging from $1.62 to $1.65. For the next year, analysts forecast that the firm will report earnings of $1.98 per share, with EPS estimates ranging from $1.95 to $2.01. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Investar.
Investar (NASDAQ:ISTR) last announced its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.02). The business had revenue of $15.60 million for the quarter, compared to analysts’ expectations of $15.65 million. Investar had a net margin of 16.88% and a return on equity of 8.45%.
A number of analysts recently weighed in on ISTR shares. BidaskClub lowered shares of Investar from a “buy” rating to a “hold” rating in a report on Wednesday, August 22nd. Zacks Investment Research raised shares of Investar from a “sell” rating to a “hold” rating in a report on Thursday, August 23rd. Finally, FIG Partners started coverage on shares of Investar in a report on Wednesday, October 10th. They set a “buy” rating and a $30.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $29.20.
Investar stock traded up $0.58 during midday trading on Friday, reaching $25.50. 14,119 shares of the stock were exchanged, compared to its average volume of 16,366. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $237.89 million, a PE ratio of 22.77 and a beta of 0.34. Investar has a 52 week low of $22.53 and a 52 week high of $29.90.
In other news, Director Andrew C. Nelson bought 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 30th. The shares were acquired at an average price of $25.00 per share, with a total value of $112,500.00. Following the acquisition, the director now owns 33,232 shares of the company’s stock, valued at approximately $830,800. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 9.07% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC bought a new stake in Investar during the 2nd quarter worth approximately $129,000. JPMorgan Chase & Co. increased its holdings in shares of Investar by 173.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,117 shares of the financial services provider’s stock worth $137,000 after buying an additional 3,246 shares during the last quarter. Rhumbline Advisers bought a new position in shares of Investar in the 2nd quarter worth $225,000. Globeflex Capital L P increased its holdings in shares of Investar by 18.6% in the 2nd quarter. Globeflex Capital L P now owns 14,000 shares of the financial services provider’s stock worth $387,000 after buying an additional 2,200 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Investar by 39.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 19,426 shares of the financial services provider’s stock worth $538,000 after buying an additional 5,526 shares during the last quarter. 57.92% of the stock is currently 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, NOW, and individual retirement accounts, as well as various certificates of deposit; debit cards; and mobile banking services.
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