Investar Holding Corp (NASDAQ:ISTR) announced a quarterly dividend on Wednesday, June 24th, Fidelity reports. Investors of record on Monday, July 6th will be paid 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 yield of 1.66%. The ex-dividend date is Thursday, July 2nd.

Investar has a payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. 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%.

NASDAQ ISTR opened at $14.46 on Tuesday. The firm has a market cap of $147.45 million, a P/E ratio of 11.04 and a beta of 0.66. 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 company’s 50 day moving average is $13.24 and its 200-day moving average is $17.57. Investar has a 12-month low of $8.49 and a 12-month high of $26.46.

Investar (NASDAQ:ISTR) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.25). Investar had a return on equity of 6.97% and a net margin of 13.75%. The company had revenue of $18.42 million for the quarter, compared to analysts’ expectations of $19.09 million. Equities analysts expect that Investar will post 1 EPS for the current year.

In other Investar news, Director Andrew C. Nelson acquired 9,054 shares of the stock in a transaction on Tuesday, April 28th. The stock was acquired at an average price of $14.69 per share, for a total transaction of $133,003.26. Following the completion of the transaction, the director now directly owns 121,470 shares of the company’s stock, valued at $1,784,394.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 9.75% of the company’s stock.

Several research analysts recently weighed in on ISTR shares. ValuEngine cut shares of Investar from a “hold” rating to a “sell” rating in a research report on Tuesday, March 24th. Zacks Investment Research raised shares of Investar from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Raymond James lowered Investar from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $23.67.

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, and individual retirement accounts, as well as various certificates of deposit; debit cards; and mobile banking services.

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Dividend History for Investar (NASDAQ:ISTR)

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