Investar Holding Corporation Plans Quarterly Dividend of $0.11 (NASDAQ:ISTR)

Investar Holding Corporation (NASDAQ:ISTR) declared a quarterly dividend on Wednesday, December 17th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.11 per share by the financial services provider on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 31st.

Investar has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 10 consecutive years. Investar has a payout ratio of 19.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Investar to earn $2.36 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 18.6%.

Investar Price Performance

Investar stock traded up $0.10 during midday trading on Thursday, hitting $27.61. 25,233 shares of the company’s stock were exchanged, compared to its average volume of 34,836. The stock has a 50-day moving average price of $24.32 and a two-hundred day moving average price of $22.60. The company has a market cap of $270.81 million, a P/E ratio of 12.32 and a beta of 0.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.90 and a current ratio of 0.90. Investar has a 52-week low of $15.39 and a 52-week high of $27.95.

Investar (NASDAQ:ISTR) last posted its quarterly earnings data on Tuesday, November 1st. The financial services provider reported ($1.06) earnings per share (EPS) for the quarter. Investar had a return on equity of 9.38% and a net margin of 14.87%.The firm had revenue of $25.46 million during the quarter. On average, equities research analysts forecast that Investar will post 1.83 earnings per share for the current year.

Investar Company Profile

Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products to individuals, professionals, and small to medium-sized businesses in south Louisiana, southeast Texas, and Alabama in the United States. The company offers various deposit products and services, such as savings, checking, money market, and individual retirement accounts, as well as various certificates of deposit; debit and credit cards; internet, mobile, and video banking services; and reciprocal deposit products.