Equity research analysts expect Investor Holding Co. (NASDAQ:ISTR – Get a rating) will announce sales of $22.81 million for the current quarter, according to Zacks Investment Research. Two analysts released estimates of Investar’s earnings, with estimates ranging from $22.72 million to $22.90 million. Investar reported sales of $22.00 million in the same quarter last year, suggesting a positive year-over-year growth rate of 3.7%. The company is expected to release its next results on Thursday, April 28.
According to Zacks, analysts expect Investar to report annual revenue of $94.16 million for the current fiscal year, with estimates ranging from $93.60 to $94.72 million. For next year, analysts expect the company to record 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 based on a survey of sell-side research analysts who cover Investar.
Investar (NASDAQ:ISTR – Get a rating) last released its quarterly results on Thursday, January 27. The financial services provider reported EPS of $0.56 for the quarter. The company had revenue of $23.15 million for the quarter. Investar achieved a return on equity of 2.26% and a net margin of 7.44%.
Several stock analysts have weighed in on the company recently. StockNews.com supposed coverage on Investar in a research report on Tuesday, February 22. They issued a “hold” rating for the company. Zacks Investment Research upgraded Investar from a “buy” rating to a “hold” rating in a Wednesday, Feb. 2 research report.
Shares of Investar Share opened at $20.12 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt ratio of 0.51. The stock’s fifty-day simple moving average is $18.97. Investar has a 12-month low of $17.08 and a 12-month high of $23.69. The company has a market capitalization of $208.10 million, a price-earnings ratio of 26.47 and a beta of 0.63.
The company also recently announced a quarterly dividend, which was paid on Monday, January 31. Shareholders of record on Friday, December 31 received a dividend of $0.08. This represents a dividend of $0.32 on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Thursday, December 30. Investar’s dividend payout ratio (DPR) is currently 42.11%.
A number of large investors have recently changed their positions in ISTR. River Oaks Capital LLC bought a new position in Investar during Q4, valued at approximately $1,711,000. Petiole USA ltd bought a new position in shares of Investar during the 4th quarter for a value of approximately $3,167,000. Millennium Management LLC increased its holdings of Investar shares by 476.9% during the 2nd quarter. Millennium Management LLC now owns 136,044 shares of the financial services provider worth $3,114,000 after acquiring an additional 112,463 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new stock position in Investar during Q3 for a value of approximately $2,228,000. Finally, M3F inc. increased its equity stake in Investar by 35.4% in Q3. M3F Inc. now owns 330,556 shares of the financial services provider worth $7,279,000 after purchasing an additional 86,421 shares in the last quarter. Institutional investors 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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