Investar Holding Corporation Plans Quarterly Dividend of $0.12 (NASDAQ:ISTR)

Investar Holding Corporation (NASDAQ:ISTR) announced a quarterly dividend on Wednesday, September 16th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.12 per share by the financial services provider on Friday, October 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, September 30th.

Investar has increased 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 payout ratio of 21.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Investar to earn $3.29 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 14.6%.

Investar Stock Down 1.4%

Shares of NASDAQ ISTR opened at $30.33 on Thursday. The business has a 50-day moving average price of $30.20 and a 200 day moving average price of $28.97. The stock has a market cap of $417.95 million, a PE ratio of 12.48 and a beta of 0.45. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.39. Investar has a 52-week low of $21.43 and a 52-week high of $31.77.

Investar (NASDAQ:ISTR) last issued its quarterly earnings data on Monday, July 20th. The financial services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The company had revenue of $36.55 million during the quarter, compared to analysts’ expectations of $36.35 million. Investar had a return on equity of 11.65% and a net margin of 17.55%. Equities research analysts forecast that Investar will post 3.15 earnings per share for the current year.

Investar Company Profile

Investar Holding Corporation is a bank holding company headquartered in Baton Rouge, Louisiana. Its principal subsidiary, Investar Bank, is a community bank that provides banking and financial services to individuals, businesses and institutions.

Investar Bank offers deposit products, including checking, savings, money market and certificate of deposit accounts, along with lending services. Its loan activities include commercial and industrial loans, commercial real estate and construction financing, residential mortgage loans and consumer credit.