Investar Holding Corporation (NASDAQ:ISTR) Declares Dividend Increase – $0.12 Per Share

Investar Holding Corporation (NASDAQ:ISTR) declared a quarterly dividend on Wednesday, June 17th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.12 per share by the financial services provider on Friday, July 31st. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, June 30th. This is a 9.1% increase from Investar’s previous quarterly dividend of $0.11.

Investar has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 10 years. Investar has a dividend payout ratio of 19.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Investar to earn $3.23 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 13.6%.

Investar Stock Performance

NASDAQ ISTR opened at $29.16 on Thursday. The firm’s fifty day moving average price is $28.45 and its two-hundred day moving average price is $27.91. The stock has a market cap of $402.12 million, a PE ratio of 12.79 and a beta of 0.46. Investar has a fifty-two week low of $17.89 and a fifty-two week high of $31.77. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95.

Investar (NASDAQ:ISTR) last announced its quarterly earnings results on Monday, April 20th. The financial services provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.18. Investar had a return on equity of 10.62% and a net margin of 16.53%.The company had revenue of $35.64 million during the quarter, compared to analysts’ expectations of $36.40 million. On average, equities analysts expect that Investar will post 3.1 EPS for the current fiscal year.

Investar Company Profile

Investar Holdings, Inc is a bank holding company headquartered in Baton Rouge, Louisiana, operating through its primary subsidiary, Investar Bank. The company delivers commercial and consumer banking products across southeastern Louisiana and into select Texas markets, focusing on relationship-driven service. Investar Bank’s offerings include deposit accounts, lending solutions, online and mobile banking, and treasury management services.

Its lending portfolio encompasses commercial real estate financing, construction and development loans, commercial and industrial credits, agricultural loans, and residential mortgage originations.