Investar Holding Corp (NASDAQ:ISTR) declared a quarterly dividend on Wednesday, June 24th, Fidelity reports. Investors of record on Monday, July 6th will be given a dividend of 0.06 per share by the financial services provider on Friday, July 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Thursday, July 2nd.
Investar has a dividend payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Investar to earn $1.10 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 21.8%.
ISTR stock opened at $14.46 on Tuesday. Investar has a twelve month low of $8.49 and a twelve month high of $26.46. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $147.45 million, a PE ratio of 11.04 and a beta of 0.66. The stock has a 50-day simple moving average of $13.24 and a two-hundred day simple moving average of $17.57.
In related news, Director Andrew C. Nelson bought 9,054 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were purchased at an average cost of $14.69 per share, with a total value of $133,003.26. Following the completion of the acquisition, the director now directly owns 121,470 shares in the company, valued at $1,784,394.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 9.75% of the company’s stock.
A number of equities analysts recently issued reports on ISTR shares. ValuEngine cut shares of Investar from a “hold” rating to a “sell” rating in a research note on Tuesday, March 24th. Zacks Investment Research upgraded shares of Investar from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, Raymond James cut shares of Investar from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $23.67.
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, and individual retirement accounts, as well as various certificates of deposit; debit cards; and mobile banking services.
Featured Article: Death Cross
Receive News & Ratings for Investar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investar and related companies with MarketBeat.com's FREE daily email newsletter.