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

Investar Holding Co. (NASDAQ:ISTR) announced a quarterly dividend on Wednesday, March 19th, Wall Street Journal reports. Investors of record on Monday, March 31st will be paid a dividend of 0.105 per share by the financial services provider on Wednesday, April 30th. This represents a $0.42 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Monday, March 31st.

Investar has increased its dividend payment by an average of 9.8% annually over the last three years. Investar has a dividend payout ratio of 18.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Investar to earn $2.36 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 17.8%.

Investar Trading Down 1.5 %

ISTR stock opened at $17.85 on Friday. The firm’s fifty day simple moving average is $18.54 and its two-hundred day simple moving average is $20.27. The stock has a market capitalization of $175.39 million, a price-to-earnings ratio of 8.75 and a beta of 0.81. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.85. Investar has a twelve month low of $14.60 and a twelve month high of $24.81.

Investar (NASDAQ:ISTR) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.39 by $0.26. Investar had a return on equity of 8.00% and a net margin of 12.81%. As a group, analysts anticipate that Investar will post 1.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on ISTR shares. Piper Sandler initiated coverage on Investar in a report on Friday, February 21st. They issued a “neutral” rating and a $21.00 price target for the company. StockNews.com raised Investar from a “hold” rating to a “buy” rating in a research report on Saturday.

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.