Media stories about Investar Holding Corporation (NASDAQ:ISTR) have been trending somewhat positive on Friday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Investar Holding Corporation earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.2373112717237 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several equities analysts recently issued reports on the company. Raymond James Financial, Inc. restated a “market perform” rating on shares of Investar Holding Corporation in a research report on Thursday, August 10th. UBS AG lowered Investar Holding Corporation from an “outperform” rating to a “market perform” rating in a report on Thursday, August 10th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $26.00 price objective on shares of Investar Holding Corporation in a report on Thursday, October 5th. Finally, Zacks Investment Research lowered Investar Holding Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $26.50.
Shares of Investar Holding Corporation (ISTR) remained flat at $23.55 during midday trading on Friday. 2 shares of the company were exchanged. Investar Holding Corporation has a 12-month low of $15.44 and a 12-month high of $24.40. The stock has a market capitalization of $204.77 million, a P/E ratio of 23.20 and a beta of 0.36. The firm’s 50-day moving average is $23.00 and its 200 day moving average is $22.64.
Investar Holding Corporation (NASDAQ:ISTR) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). Investar Holding Corporation had a net margin of 15.78% and a return on equity of 5.94%. The firm had revenue of $10.10 million during the quarter, compared to analyst estimates of $9.82 million. On average, equities research analysts predict that Investar Holding Corporation will post $1.15 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Wednesday, October 4th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.12 annualized dividend and a dividend yield of 0.51%. This is a positive change from Investar Holding Corporation’s previous quarterly dividend of $0.02. Investar Holding Corporation’s dividend payout ratio (DPR) is presently 11.65%.
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Investar Holding Corporation Company Profile
Investar Holding Corporation is financial holding company that conducts its operations through, Investar Bank (the Bank), which is a commercial bank. The Company offers a range of commercial and retail lending products throughout its market areas, including business loans to small to medium-sized businesses, as well as loans to individuals.
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