Investar (ISTR) Getting Somewhat Positive Press Coverage, Study Shows

Media headlines about Investar (NASDAQ:ISTR) have been trending somewhat positive on Monday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Investar earned a coverage optimism score of 0.01 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 47.0386510088371 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

NASDAQ:ISTR traded up $0.05 during trading hours on Monday, hitting $27.30. The company’s stock had a trading volume of 18,341 shares, compared to its average volume of 9,230. The firm has a market capitalization of $260.73 million, a PE ratio of 24.38 and a beta of 0.34. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.18. Investar has a twelve month low of $20.25 and a twelve month high of $27.70.

Investar (NASDAQ:ISTR) last posted its earnings results on Wednesday, April 25th. The financial services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. The firm had revenue of $14.93 million during the quarter, compared to the consensus estimate of $14.22 million. Investar had a return on equity of 7.01% and a net margin of 13.78%. analysts anticipate that Investar will post 1.65 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 30th. Shareholders of record on Monday, April 9th were given a $0.035 dividend. The ex-dividend date was Friday, April 6th. This is an increase from Investar’s previous quarterly dividend of $0.03. This represents a $0.14 annualized dividend and a yield of 0.51%. Investar’s dividend payout ratio (DPR) is currently 12.50%.

Several research firms recently weighed in on ISTR. BidaskClub lowered Investar from a “buy” rating to a “hold” rating in a research note on Saturday, April 28th. Sandler O’Neill set a $30.00 price objective on Investar and gave the company a “buy” rating in a research note on Tuesday, April 24th. Finally, Zacks Investment Research lowered Investar from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $27.75.

In other Investar news, VP Randolf F. Kassmeier sold 3,000 shares of the stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $25.26, for a total value of $75,780.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 158 shares of company stock valued at $4,090 over the last quarter. Corporate insiders own 9.07% of the company’s stock.

About Investar

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.

Insider Buying and Selling by Quarter for Investar (NASDAQ:ISTR)

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