$15.53 Million in Sales Expected for Investar Holding Corp (ISTR) This Quarter
Equities analysts predict that Investar Holding Corp (NASDAQ:ISTR) will post sales of $15.53 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Investar’s earnings. The highest sales estimate is $15.60 million and the lowest is $15.46 million. Investar posted sales of $12.71 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 22.2%. The firm is expected to issue its next earnings report on Wednesday, October 24th.
According to Zacks, analysts expect that Investar will report full-year sales of $61.84 million for the current financial year, with estimates ranging from $61.59 million to $62.10 million. For the next year, analysts forecast that the firm will report sales of $67.09 million, with estimates ranging from $66.38 million to $67.80 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Investar.
Investar (NASDAQ:ISTR) last announced its earnings results on Friday, July 27th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. Investar had a return on equity of 7.90% and a net margin of 15.20%. The firm had revenue of $15.51 million for the quarter, compared to analyst estimates of $14.84 million.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC acquired a new position in Investar in the 2nd quarter valued at $129,000. Rhumbline Advisers acquired a new position in Investar in the 2nd quarter valued at $225,000. Globeflex Capital L P raised its stake in Investar by 18.6% in the 2nd quarter. Globeflex Capital L P now owns 14,000 shares of the financial services provider’s stock valued at $387,000 after purchasing an additional 2,200 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in 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 valued at $538,000 after purchasing an additional 5,526 shares during the last quarter. Finally, ELCO Management Co. LLC raised its stake in Investar by 61.9% in the 1st 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 last quarter. 58.19% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:ISTR traded down $0.04 during midday trading on Friday, reaching $26.50. 5,801 shares of the company’s stock traded hands, compared to its average volume of 15,309. Investar has a 1 year low of $20.35 and a 1 year high of $29.90. The firm has a market capitalization of $256.99 million, a price-to-earnings ratio of 23.66 and a beta of 0.33. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.05 and a quick ratio of 1.05.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Monday, October 8th will be given a dividend of $0.045 per share. This is a positive change from Investar’s previous quarterly dividend of $0.04. The ex-dividend date is Thursday, October 4th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.68%. Investar’s dividend payout ratio (DPR) is 14.29%.
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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