Investar (NASDAQ: ISTR) got downgraded from a rating of “strong-buy” to a rating of “Hold” by Zacks Research on Wednesday.
ISTR has been the topic of many analyst reports. ValuEngine upgraded its ratings of the company’s stocks from “sell” to “hold” on November 25th, Wednesday. DA Davidson downgraded its ratings of the company’s stocks from “buy” to “neutral” and decreased the price objective on the company’s stocks from $16.00 – $15.50 on September 15th, Tuesday. Five analysts have issued a rating of “hold” on the company’s stocks. Investar currently has “hold” as its average rating and $14.17 as its average target price.
More Details On ISTR Stock
ISTR opened on Wednesday at $16.61.The company has $8.49 as its fifty two-week low and $24.40 as its fifty-two week high. The firm has a 1.01 quick ratio, a 1.01 current ratio, and a 0.93 ratio between debt and equity. The firm has $176.43 M in market capitalization, a 14.20 P/E ratio, a 0.74 beta. The stock has $16.56 as its moving average for fifty days and $14.44 as its moving average for 200 days.
Investar issued its last quarterly earnings report on October 22nd, Thursday. The company reported an earnings/share of $0.35 for this quarter beating the consensus estimate of Zacks Research by $0.06.The company had a 5.51% equity return and a 12.15% net margin. The company had $22.11 M in quarterly revenue in comparison to the $21.00 M expected by the analysts. Analysts predict Investar to post an earnings/share of 1.15 for the present fiscal year.
ISTR operates as a bank holding corporation for the Investar Bank which provides numerous banking products(commercial) to small and medium businesses and individuals in South Louisiana. The firm offers numerous deposit services and products like money market, retirement accounts for individuals, savings, checking, services of mobile banking, and debit cards.
