Wall Street analysts expect Investor Holding Co. (NASDAQ:ISTR – Get a rating) to post sales of $22.81 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts made estimates of Investar’s earnings. The highest sales estimate is $22.90 million and the lowest is $22.72 million. Investar reported sales of $22.00 million in the same quarter last year, indicating a positive year-over-year growth rate of 3.7%. The company is expected to announce its next quarterly results on Thursday, April 28.
On average, analysts expect Investar to report annual sales of $94.16 million for the current fiscal year, with estimates ranging from $93.60 to $94.72 million. For the next fiscal year, analysts expect the company to post sales of $99.90 million, with estimates ranging from $99.80 million to $100.00 million. Zacks Investment Research’s sell averages are an average average based on a survey of sell-side analysts who cover Investar.
Investar (NASDAQ:ISTR – Get a rating) last reported results on Thursday, January 27. The financial services provider reported earnings per share of $0.56 for the quarter. Investar achieved a return on equity of 2.27% and a net margin of 7.44%. The company had revenue of $23.15 million for the quarter.
Several equity analysts have recently commented on ISTR shares. StockNews.com supposed coverage of Investar shares in a research note on Friday. They set a “hold” rating for the company. Zacks Investment Research downgraded Investar from a “buy” rating to a “hold” rating in a Wednesday, Feb. 2 research note. Finally, TheStreet upgraded Investar’s shares from a “c” rating to a “b” rating in a Thursday, March 3 research report.
ISTR opened at $19.48 on Monday. The company’s fifty-day moving average price is $19.52. The stock has a market capitalization of $200.84 million, a price/earnings ratio of 25.63 and a beta of 0.59. Investar has a 1-year low of $17.08 and a 1-year high of $23.69. The company has a debt ratio of 0.50, a current ratio of 0.91 and a quick ratio of 0.91.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 29. Shareholders of record on Thursday, March 31 will receive a dividend of $0.085. This is a boost from Investor’s previous quarterly dividend of $0.08. This represents an annualized dividend of $0.34 and a yield of 1.75%. The ex-dividend date is Wednesday, March 30. Investar’s dividend payout ratio is currently 42.11%.
In other Investar news, insider Jeffrey Wayne Martin bought 1,714 shares of the company in a trade on Wednesday, March 2. The shares were purchased at an average cost of $20.41 per share, for a total transaction of $34,982.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via the SEC website. In the past ninety days, insiders have purchased 2,314 shares of the company valued at $46,759. 9.75% of the shares are currently held by insiders.
Institutional investors and hedge funds have recently increased or reduced their stakes in the stock. BlackRock Inc. increased its stake in Investar by 22.5% in Q4. BlackRock Inc. now owns 140,097 shares of the financial services provider valued at $2,579,000 after buying an additional 25,716 shares last quarter. Susquehanna International Group LLP increased its stake in shares of Investar by 54.7% during the fourth quarter. Susquehanna International Group LLP now owns 23,136 shares of the financial services provider worth $426,000 after buying an additional 8,182 shares last quarter. Kennedy Capital Management Inc. increased its position in Investar by 1.7% in the fourth quarter. Kennedy Capital Management Inc. now owns 319,928 shares of the financial services provider valued at $5,890,000 after buying an additional 5,266 shares in the last quarter. Maltese Capital Management LLC increased its stake in Investar by 0.6% in the fourth quarter. Maltese Capital Management LLC now owns 491,000 shares of the financial services provider valued at $9,039,000 after acquiring an additional 2,700 shares last quarter. Finally, Greenwich Investment Management Inc. purchased a new equity stake in Investar in Q4 valued at approximately $742,000. Institutional investors and hedge funds hold 55.62% of the company’s shares.
Investar Company Profile (Get a rating)
Investar Holding Corp. is a financial holding company that provides comprehensive banking services. It offers a full suite of commercial and retail lending products across all of its market sectors, including small and medium business loans as well as personal loans. Its lending products consist of owner-occupied commercial real estate loans, construction loans, and commercial and industrial loans, such as term loans, equipment financing and lines of credit, while its individuals include first and second mortgages, installment loans and lines of credit.
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