Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products to 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. It also provides commercial real estate loans; commercial and industrial loans, including working capital lines of credit and equipment loans; loans for the construction of commercial projects, and single family residential and multifamily properties; one-to-four family residential real estate lending, such as second mortgage loans; consumer loans, such as secured and unsecured installment and term loans, home equity loans and lines of credit, and auto loans, as well as loans for personal, family, and household purposes. In addition, the company offers cash management products, including remote deposit capture, virtual vault, electronic statements, positive pay, ACH origination and wire transfer, investment sweep accounts, and business Internet banking services. Further, it provides various other banking services, such as cashiers' checks, direct deposit of payroll and social security checks, night depository, bank-by-mail, automated teller machine, interactive teller machines, merchant card, and mobile wallet payment services. The company operates through a network of 24 full service branches. Investar Holding Corporation was founded in 2006 and is headquartered in Baton Rouge, Louisiana.
IPO Year: 2014
Exchange: NASDAQ
Website: investarbank.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
4/23/2024 | $20.50 → $20.00 | Outperform | Hovde Group |
10/5/2023 | $13.50 | Neutral → Overweight | Piper Sandler |
10/15/2021 | $27.00 → $20.00 | Overweight → Neutral | Piper Sandler |
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Hovde Group reiterated coverage of Investar with a rating of Outperform and set a new price target of $20.00 from $20.50 previously
Piper Sandler upgraded Investar from Neutral to Overweight and set a new price target of $13.50
Piper Sandler downgraded Investar Holding from Overweight to Neutral and set a new price target of $20.00 from $27.00 previously
Piper Sandler upgraded Investar Holding from Neutral to Overweight and set a new price target of $22.00 from $18.00 previously
BATON ROUGE, LA / ACCESSWIRE / October 21, 2024 / Investar Holding Corporation ("Investar") (NASDAQ:ISTR), the holding company for Investar Bank, National Association (the "Bank"), today announced financial results for the quarter ended September 30, 2024. Investar reported net income of $5.4 million, or $0.54 per diluted common share, for the third quarter of 2024, compared to net income of $4.1 million, or $0.41 per diluted common share, for the quarter ended June 30, 2024, and net income of $2.8 million, or $0.28 per diluted common share, for the quarter ended September 30, 2023.On a non-GAAP basis, core earnings per diluted common share for the third quarter of 2024 were $0.45 compared t
BATON ROUGE, LA / ACCESSWIRE / September 18, 2024 / Investar Holding Corporation (the "Company") (NASDAQ:ISTR), the holding company of Investar Bank, National Association (the "Bank"), declared a quarterly cash dividend of $0.105 per share to holders of the Company's common stock. The dividend is payable on October 31, 2024 to shareholders of record as of September 30, 2024. This represents a 5% increase in the dividend per share compared to the prior quarter and is the 44th quarterly dividend paid by the Company, which follows an uninterrupted 11 quarterly cash dividends paid by the Bank.About Investar Holding CorporationInvestar Holding Corporation, headquartered in Baton Rouge, Louisiana,
BATON ROUGE, LA / ACCESSWIRE / July 22, 2024 / Investar Holding Corporation ("Investar") (NASDAQ:ISTR), the holding company for Investar Bank, National Association (the "Bank"), today announced financial results for the quarter ended June 30, 2024. Investar reported net income of $4.1 million, or $0.41 per diluted common share, for the second quarter of 2024, compared to net income of $4.7 million, or $0.48 per diluted common share, for the quarter ended March 31, 2024, and net income of $6.5 million, or $0.67 per diluted common share, for the quarter ended June 30, 2023.On a non-GAAP basis, core earnings per diluted common share for the second quarter of 2024 were $0.36 compared to $0.43 fo
BATON ROUGE, LA / ACCESSWIRE / July 1, 2024 / Investar Holding Corporation ("Investar") (NASDAQ:ISTR), the holding company of Investar Bank, National Association (the "Bank"), announced that it has rejoined the broad-market Russell 3000® Index, effective at the open of U.S. equity markets on Monday, July 1st, as part of the 2024 Russell U.S. Indexes annual reconstitution.The Russell U.S. Indexes annual reconstitution captures the 4,000 largest U.S. stocks as of the end of Tuesday, April 30th, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or sm
BATON ROUGE, LA / ACCESSWIRE / June 19, 2024 / Investar Holding Corporation (the "Company") (NASDAQ:ISTR), the holding company of Investar Bank, National Association (the "Bank"), declared a quarterly cash dividend of $0.10 per share to holders of the Company's common stock. The dividend is payable on July 31, 2024 to shareholders of record as of July 1, 2024. This is the 43rd quarterly dividend paid by the Company, which follows an uninterrupted 11 quarterly cash dividends paid by the Bank.About Investar Holding CorporationInvestar Holding Corporation, headquartered in Baton Rouge, Louisiana, provides full banking services, excluding trust services, through its wholly-owned banking subsidia
BATON ROUGE, LA / ACCESSWIRE / April 22, 2024 / Investar Holding Corporation ("Investar") (NASDAQ:ISTR), the holding company for Investar Bank, National Association (the "Bank"), today announced financial results for the quarter ended March 31, 2024. Investar reported net income of $4.7 million, or $0.48 per diluted common share, for the first quarter of 2024, compared to net income of $3.5 million, or $0.36 per diluted common share, for the quarter ended December 31, 2023, and net income of $3.8 million, or $0.38 per diluted common share, for the quarter ended March 31, 2023.On a non-GAAP basis, core earnings per diluted common share for the first quarter of 2024 were $0.43 compared to $0.3
BATON ROUGE, LA / ACCESSWIRE / March 20, 2024 / Investar Holding Corporation (the "Company") (NASDAQ:ISTR), the holding company of Investar Bank, National Association (the "Bank"), declared a quarterly cash dividend of $0.10 per share to holders of the Company's common stock. The dividend is payable on April 30, 2024 to shareholders of record as of April 1, 2024. This is the 42nd quarterly dividend paid by the Company, which follows an uninterrupted 11 quarterly cash dividends paid by the Bank.About Investar Holding CorporationInvestar Holding Corporation, headquartered in Baton Rouge, Louisiana, provides full banking services, excluding trust services, through its wholly-owned banking subsi
BATON ROUGE, LA / ACCESSWIRE / January 25, 2024 / Investar Holding Corporation ("Investar") (NASDAQ:ISTR), the holding company for Investar Bank, National Association (the "Bank"), today announced financial results for the quarter ended December 31, 2023. Investar reported net income of $3.5 million, or $0.36 per diluted common share, for the fourth quarter of 2023, compared to net income of $2.8 million, or $0.28 per diluted common share, for the quarter ended September 30, 2023, and net income of $8.9 million, or $0.88 per diluted common share, for the quarter ended December 31, 2022.On a non-GAAP basis, core earnings per diluted common share for the fourth quarter of 2023 were $0.39 compa
BATON ROUGE, LA / ACCESSWIRE / December 20, 2023 / Investar Holding Corporation (the "Company") (NASDAQ:ISTR), the holding company of Investar Bank, National Association (the "Bank"), declared a quarterly cash dividend of $0.10 per share to holders of the Company's common stock. The dividend is payable on January 31, 2024 to shareholders of record as of January 2, 2024. This is the 41st quarterly dividend paid by the Company, which follows an uninterrupted 11 quarterly cash dividends paid by the Bank.About Investar Holding CorporationInvestar Holding Corporation, headquartered in Baton Rouge, Louisiana, provides full banking services, excluding trust services, through its wholly-owned bankin
BATON ROUGE, LA / ACCESSWIRE / October 19, 2023 / Investar Holding Corporation ("Investar") (NASDAQ:ISTR), the holding company for Investar Bank, National Association (the "Bank"), today announced financial results for the quarter ended September 30, 2023. Investar reported net income of $2.8 million, or $0.28 per diluted common share, for the third quarter of 2023, compared to net income of $6.5 million, or $0.67 per diluted common share, for the quarter ended June 30, 2023, and net income of $7.3 million, or $0.73 per diluted common share, for the quarter ended September 30, 2022.On a non-GAAP basis, core earnings per diluted common share for the third quarter of 2023 were $0.33 compared t
10-Q - Investar Holding Corp (0001602658) (Filer)
8-K - Investar Holding Corp (0001602658) (Filer)
8-K - Investar Holding Corp (0001602658) (Filer)
10-Q - Investar Holding Corp (0001602658) (Filer)
8-K - Investar Holding Corp (0001602658) (Filer)
11-K - Investar Holding Corp (0001602658) (Filer)
8-K - Investar Holding Corp (0001602658) (Filer)
10-Q - Investar Holding Corp (0001602658) (Filer)
8-K - Investar Holding Corp (0001602658) (Filer)
DEFA14A - Investar Holding Corp (0001602658) (Filer)
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BATON ROUGE, LA / ACCESSWIRE / October 21, 2024 / Investar Holding Corporation ("Investar") (NASDAQ:ISTR), the holding company for Investar Bank, National Association (the "Bank"), today announced financial results for the quarter ended September 30, 2024. Investar reported net income of $5.4 million, or $0.54 per diluted common share, for the third quarter of 2024, compared to net income of $4.1 million, or $0.41 per diluted common share, for the quarter ended June 30, 2024, and net income of $2.8 million, or $0.28 per diluted common share, for the quarter ended September 30, 2023.On a non-GAAP basis, core earnings per diluted common share for the third quarter of 2024 were $0.45 compared t
BATON ROUGE, LA / ACCESSWIRE / September 18, 2024 / Investar Holding Corporation (the "Company") (NASDAQ:ISTR), the holding company of Investar Bank, National Association (the "Bank"), declared a quarterly cash dividend of $0.105 per share to holders of the Company's common stock. The dividend is payable on October 31, 2024 to shareholders of record as of September 30, 2024. This represents a 5% increase in the dividend per share compared to the prior quarter and is the 44th quarterly dividend paid by the Company, which follows an uninterrupted 11 quarterly cash dividends paid by the Bank.About Investar Holding CorporationInvestar Holding Corporation, headquartered in Baton Rouge, Louisiana,
BATON ROUGE, LA / ACCESSWIRE / July 22, 2024 / Investar Holding Corporation ("Investar") (NASDAQ:ISTR), the holding company for Investar Bank, National Association (the "Bank"), today announced financial results for the quarter ended June 30, 2024. Investar reported net income of $4.1 million, or $0.41 per diluted common share, for the second quarter of 2024, compared to net income of $4.7 million, or $0.48 per diluted common share, for the quarter ended March 31, 2024, and net income of $6.5 million, or $0.67 per diluted common share, for the quarter ended June 30, 2023.On a non-GAAP basis, core earnings per diluted common share for the second quarter of 2024 were $0.36 compared to $0.43 fo
BATON ROUGE, LA / ACCESSWIRE / June 19, 2024 / Investar Holding Corporation (the "Company") (NASDAQ:ISTR), the holding company of Investar Bank, National Association (the "Bank"), declared a quarterly cash dividend of $0.10 per share to holders of the Company's common stock. The dividend is payable on July 31, 2024 to shareholders of record as of July 1, 2024. This is the 43rd quarterly dividend paid by the Company, which follows an uninterrupted 11 quarterly cash dividends paid by the Bank.About Investar Holding CorporationInvestar Holding Corporation, headquartered in Baton Rouge, Louisiana, provides full banking services, excluding trust services, through its wholly-owned banking subsidia
BATON ROUGE, LA / ACCESSWIRE / April 22, 2024 / Investar Holding Corporation ("Investar") (NASDAQ:ISTR), the holding company for Investar Bank, National Association (the "Bank"), today announced financial results for the quarter ended March 31, 2024. Investar reported net income of $4.7 million, or $0.48 per diluted common share, for the first quarter of 2024, compared to net income of $3.5 million, or $0.36 per diluted common share, for the quarter ended December 31, 2023, and net income of $3.8 million, or $0.38 per diluted common share, for the quarter ended March 31, 2023.On a non-GAAP basis, core earnings per diluted common share for the first quarter of 2024 were $0.43 compared to $0.3
BATON ROUGE, LA / ACCESSWIRE / March 20, 2024 / Investar Holding Corporation (the "Company") (NASDAQ:ISTR), the holding company of Investar Bank, National Association (the "Bank"), declared a quarterly cash dividend of $0.10 per share to holders of the Company's common stock. The dividend is payable on April 30, 2024 to shareholders of record as of April 1, 2024. This is the 42nd quarterly dividend paid by the Company, which follows an uninterrupted 11 quarterly cash dividends paid by the Bank.About Investar Holding CorporationInvestar Holding Corporation, headquartered in Baton Rouge, Louisiana, provides full banking services, excluding trust services, through its wholly-owned banking subsi
BATON ROUGE, LA / ACCESSWIRE / January 25, 2024 / Investar Holding Corporation ("Investar") (NASDAQ:ISTR), the holding company for Investar Bank, National Association (the "Bank"), today announced financial results for the quarter ended December 31, 2023. Investar reported net income of $3.5 million, or $0.36 per diluted common share, for the fourth quarter of 2023, compared to net income of $2.8 million, or $0.28 per diluted common share, for the quarter ended September 30, 2023, and net income of $8.9 million, or $0.88 per diluted common share, for the quarter ended December 31, 2022.On a non-GAAP basis, core earnings per diluted common share for the fourth quarter of 2023 were $0.39 compa
BATON ROUGE, LA / ACCESSWIRE / December 20, 2023 / Investar Holding Corporation (the "Company") (NASDAQ:ISTR), the holding company of Investar Bank, National Association (the "Bank"), declared a quarterly cash dividend of $0.10 per share to holders of the Company's common stock. The dividend is payable on January 31, 2024 to shareholders of record as of January 2, 2024. This is the 41st quarterly dividend paid by the Company, which follows an uninterrupted 11 quarterly cash dividends paid by the Bank.About Investar Holding CorporationInvestar Holding Corporation, headquartered in Baton Rouge, Louisiana, provides full banking services, excluding trust services, through its wholly-owned bankin
BATON ROUGE, LA / ACCESSWIRE / October 19, 2023 / Investar Holding Corporation ("Investar") (NASDAQ:ISTR), the holding company for Investar Bank, National Association (the "Bank"), today announced financial results for the quarter ended September 30, 2023. Investar reported net income of $2.8 million, or $0.28 per diluted common share, for the third quarter of 2023, compared to net income of $6.5 million, or $0.67 per diluted common share, for the quarter ended June 30, 2023, and net income of $7.3 million, or $0.73 per diluted common share, for the quarter ended September 30, 2022.On a non-GAAP basis, core earnings per diluted common share for the third quarter of 2023 were $0.33 compared t
BATON ROUGE, LA / ACCESSWIRE / September 20, 2023 / Investar Holding Corporation (the "Company") (NASDAQ:ISTR), the holding company of Investar Bank, National Association (the "Bank"), declared a quarterly cash dividend of $0.10 per share to holders of the Company's common stock. The dividend is payable on October 31, 2023 to shareholders of record as of October 2, 2023. This is the 40th quarterly dividend paid by the Company, which follows an uninterrupted 11 quarterly cash dividends paid by the Bank.About Investar Holding CorporationInvestar Holding Corporation, headquartered in Baton Rouge, Louisiana, provides full banking services, excluding trust services, through its wholly-owned banki
Investar Holding Corporation ("Investar") (NASDAQ:ISTR), the holding company of Investar Bank, National Association (the "Bank"), announced that it has rejoined the broad-market Russell 3000® Index, effective at the open of U.S. equity markets on Monday, July 1st, as part of the 2024 Russell U.S. Indexes annual reconstitution.
Investar Holding (NASDAQ:ISTR) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.24 by 79.17 percent. This is a 15.69 percent decrease over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $19.96 million which beat the analyst consensus estimate of $18.90 million by 5.63 percent. This is a 6.05 percent decrease over sales of $21.25 million the same period last year.
Investar Holding (NASDAQ:ISTR) reported quarterly earnings of $0.39 per share which beat the analyst consensus estimate of $0.28 by 39.29 percent. This is a 37.1 percent decrease over earnings of $0.62 per share from the same period last year.
Thursday marks the last chance for investors to receive the next dividend payout from Investar Holding (NASDAQ:ISTR). What's Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 10 cents per share. On Friday, Investar Holding will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 10 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own ISTR as of the end of Thursday's session are eligible to receive the 10 cents div
Investar Holding (NASDAQ:ISTR) reported quarterly earnings of $0.33 per share which met the analyst consensus estimate. This is a 53.52 percent decrease over earnings of $0.71 per share from the same period last year. The company reported quarterly sales of $19.11 million which missed the analyst consensus estimate of $20.11 million by 4.99 percent. This is a 26.89 percent decrease over sales of $26.13 million the same period last year.
Piper Sandler analyst Graham Dick upgraded Investar Holding Corp (NASDAQ:ISTR) to Overweight from Neutral with a price target of $13.5. The upgrade is due to the analyst's view of valuation 'becoming unreasonably depressed' given the bank's modest earnings outlook. The analyst finds ISTR's CET1 ratio of about 10% as comforting and slower balance sheet growth but sees accumulated other comprehensive income (AOCI) worsening in Q3 on rate movements. The analyst revised EPS estimates to $1.73 (from $1.70) for FY23 and $1.14 (from $1.16) for FY24, assuming slightly better near-term net interest margins on lower average borrowings. However, the analyst sees the net interest margin to have les
Upgrades According to OTR Global, the prior rating for Generac Holdings Inc (NYSE:GNRC) was changed from Negative to Mixed. In the second quarter, Generac Hldgs showed an EPS of $1.08, compared to $2.99 from the year-ago quarter. At the moment, the stock has a 52-week-high of $186.65 and a 52-week-low of $86.29. Generac Hldgs closed at $101.71 at the end of the last trading period. According to B of A Securities, the prior rating for Trane Technologies PLC (NYSE:TT) was changed from Underperform to Neutral. Trane Technologies earned $2.68 in the second quarter, compared to $2.16 in the year-ago quarter. At the moment, the stock has a 52-week-high of $211.58 and a 52-week-low of $139.19. T
Piper Sandler analyst Brett Rabatin upgrades Investar Holding (NASDAQ:ISTR) from Neutral to Overweight and announces $13.5 price target.
On Tuesday, 647 companies set new 52-week lows. Things to Consider About Today's 52-Week Lows: Bank of America (NYSE:BAC) was the biggest company on a market cap basis to set a new 52-week low. Blue Star Foods (NASDAQ:BSFC) was the smallest company by market cap to set a new 52-week low. Stryve Foods (NASDAQ:SNAX) shares dropped the most, trading down 27.96% to reach its new 52-week low. Royal Bank of Canada (NYSE:RY) shares rebounded the highest, with shares trading up 0.0%, bouncing back after reaching its new 52-week low. Stocks dropping to new 52-week lows on Tuesday: Bank of America (NYSE:BAC) shares set a new yearly low of $26.16 this morning. The stock was down 0.75% on