Media stories about Investar Holding Corporation (NASDAQ:ISTR) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Investar Holding Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 46.4581107576738 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Investar Holding Corporation (NASDAQ:ISTR) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The company had revenue of $10.10 million for the quarter, compared to analysts’ expectations of $9.82 million. Investar Holding Corporation had a net margin of 15.78% and a return on equity of 6.25%.
The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Wednesday, July 5th were given a dividend of $0.022 per share. The ex-dividend date was Friday, June 30th. This is an increase from Investar Holding Corporation’s previous quarterly dividend of $0.02. This represents a $0.09 annualized dividend and a yield of 0.39%. Investar Holding Corporation’s payout ratio is 8.74%.
Separately, Zacks Investment Research cut Investar Holding Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th.
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About Investar Holding Corporation
Investar Holding Corporation is financial holding company that conducts its operations through, Investar Bank (the Bank), which is a commercial bank. The Company offers a range of commercial and retail lending products throughout its market areas, including business loans to small to medium-sized businesses, as well as loans to individuals.
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