Media coverage about Investar Holding Corp (NASDAQ:ISTR) has been trending somewhat positive this week, according to AlphaOne. AlphaOne, a division of Accern, rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Investar Holding Corp earned a coverage optimism score of 0.05 on AlphaOne’s scale. AlphaOne also gave news headlines about the financial services provider an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
Several analysts recently commented on the stock. Zacks Investment Research raised shares of Investar Holding Corp from a “sell” rating to a “hold” rating and set a $24.00 target price for the company in a research note on Monday, March 13th. Piper Jaffray Companies assumed coverage on shares of Investar Holding Corp in a research note on Thursday, March 9th. They set an “overweight” rating and a $22.00 target price for the company.
Shares of Investar Holding Corp (NASDAQ:ISTR) traded down 0.44% during midday trading on Friday, hitting $22.45. 14,395 shares of the company traded hands. The stock’s 50-day moving average is $22.32 and its 200 day moving average is $20.01. The stock has a market capitalization of $194.78 million, a P/E ratio of 20.79 and a beta of 0.30. Investar Holding Corp has a 12-month low of $14.96 and a 12-month high of $22.90.
Investar Holding Corp (NASDAQ:ISTR) last announced its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. The company had revenue of $9.75 million during the quarter, compared to the consensus estimate of $9.57 million. Investar Holding Corp had a net margin of 16.21% and a return on equity of 7.00%. On average, analysts expect that Investar Holding Corp will post $1.11 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Wednesday, March 29th were given a dividend of $0.02 per share. This is an increase from Investar Holding Corp’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, March 27th. This represents a $0.08 annualized dividend and a dividend yield of 0.35%. Investar Holding Corp’s dividend payout ratio (DPR) is 4.50%.
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About Investar Holding Corp
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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