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First Quarter 2022 EPS estimates for Investar Holding Co. surveyed by Piper Sandler (NASDAQ:ISTR)

Investar Holding Co. (NASDAQ:ISTR) – Piper Sandler equity research analysts raised their first-quarter 2022 earnings per share (EPS) estimates for Investar in a note to investors Monday, January 31. Piper Sandler analyst S. Scouten now expects the financial services provider to post earnings per share of $0.56 for the quarter, up from its previous forecast of $0.48. Piper Sandler has a “Neutral” rating and a price target of $20.00 on the stock. Piper Sandler also released estimates of Investar’s Q3 2022 earnings at $0.56 EPS, Q4 2022 earnings at $0.58 EPS, Q1 2023 earnings at $0.53 EPS, Q2 2023 earnings at $0.60 EPS, Q3 2023 earnings at $0.66 EPS, Q4 2023 earnings at $0.65 EPS and fiscal year 2023 earnings at $2.44 EPS.

Other stock analysts have also recently published research reports on the company. Zacks Investment Research upgraded Investar from a “hold” rating to a “buy” rating and set a price target of $21.00 for the company in a Tuesday, January 18 report. TheStreet downgraded Investar from a “b” rating to a “c” rating in a Friday, October 22 report.

ISTR opened at $19.82 on Wednesday. The company has a fifty-day moving average price of $18.26. The company has a debt ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $204.94 million, a P/E ratio of 26.08 and a beta of 0.63. Investar has a 12-month low of $16.66 and a 12-month high of $23.69.

Major investors have recently changed their stake in the company. Millennium Management LLC increased its equity stake in Investar by 476.9% during the second quarter. Millennium Management LLC now owns 136,044 shares of the financial services provider valued at $3,114,000 after acquiring an additional 112,463 shares last quarter. Renaissance Technologies LLC increased its equity stake in Investar by 89.5% during the second quarter. Renaissance Technologies LLC now owns 125,375 shares of the financial services provider valued at $2,870,000 after acquiring an additional 59,200 shares last quarter. Marshall Wace LLP bought a new position in shares of Investar during the second quarter worth $473,000. Marshall Wace North America LP bought a new stock position in Investar during the second quarter worth $210,000. Finally, Fourthstone LLC increased its equity stake in Investar by 13.5% during the third quarter. Fourthstone LLC now owns 703,888 shares of the financial services provider valued at $15,494,000 after acquiring an additional 83,904 shares last quarter. Hedge funds and other institutional investors own 55.33% of the company’s shares.

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The company also recently disclosed a quarterly dividend, which was paid on Monday, January 31. Shareholders of record on Friday, December 31 received a dividend of $0.08. The ex-dividend date was Thursday, December 30. This represents a dividend of $0.32 on an annualized basis and a yield of 1.61%. Investar’s dividend payout ratio (DPR) is 42.11%.

Investar Company Profile

Investar Holding Corp. is a financial holding company that provides comprehensive banking services. It offers a full suite of commercial and retail lending products across all of its market sectors, including small and medium business loans as well as personal loans. Its lending products consist of owner-occupied commercial real estate loans, construction loans, and commercial and industrial loans, such as term loans, equipment financing and lines of credit, while its individuals include first and second mortgages, installment loans and lines of credit.

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Earnings history and estimates for Investar (NASDAQ:ISTR)

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