Brokerages expect that Investar Holding Corp (NASDAQ:ISTR) will report $0.42 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Investar’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.44. Investar reported earnings per share of $0.29 in the same quarter last year, which would suggest a positive year-over-year growth rate of 44.8%. The firm is expected to announce its next earnings report on Wednesday, October 24th.

On average, analysts expect that Investar will report full-year earnings of $1.65 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $1.70. For the next year, analysts forecast that the firm will report earnings of $1.96 per share, with EPS estimates ranging from $1.90 to $2.02. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Investar.

Investar (NASDAQ:ISTR) last posted its quarterly earnings data on Friday, July 27th. The financial services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The business had revenue of $15.51 million for the quarter, compared to analyst estimates of $14.84 million. Investar had a return on equity of 7.90% and a net margin of 15.20%.

A number of research firms recently commented on ISTR. Zacks Investment Research raised Investar from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. BidaskClub lowered Investar from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Piper Jaffray Companies set a $30.00 price objective on Investar and gave the company a “buy” rating in a research note on Sunday, July 29th. Finally, ValuEngine lowered Investar from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $28.75.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ISTR. Royce & Associates LP purchased a new position in Investar during the second quarter worth about $2,732,000. RMB Capital Management LLC lifted its position in Investar by 62.5% during the first quarter. RMB Capital Management LLC now owns 208,281 shares of the financial services provider’s stock worth $5,384,000 after buying an additional 80,139 shares during the period. BlackRock Inc. lifted its position in Investar by 12.4% during the second quarter. BlackRock Inc. now owns 428,064 shares of the financial services provider’s stock worth $11,836,000 after buying an additional 47,276 shares during the period. Maltese Capital Management LLC lifted its position in Investar by 13.0% during the first quarter. Maltese Capital Management LLC now owns 209,001 shares of the financial services provider’s stock worth $5,403,000 after buying an additional 24,001 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Investar by 86.0% during the first quarter. Dimensional Fund Advisors LP now owns 50,767 shares of the financial services provider’s stock worth $1,312,000 after buying an additional 23,480 shares during the period. Hedge funds and other institutional investors own 58.19% of the company’s stock.

Shares of ISTR traded down $0.50 during trading hours on Monday, reaching $25.50. 13,600 shares of the company traded hands, compared to its average volume of 15,578. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.44. The firm has a market cap of $256.03 million, a P/E ratio of 22.77 and a beta of 0.33. Investar has a fifty-two week low of $20.35 and a fifty-two week high of $29.90.

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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Earnings History and Estimates for Investar (NASDAQ:ISTR)

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