Investar Holding Corp (NASDAQ: ISTR) has reported earnings for its second fiscal quarter (ending June 30) of $0.41 versus $0.67 for the same period a year ago — a decline of -39%. Relative to the consensus estimate of $0.29, this was a premium of $0.12. For the latest four quarters through June 30, E.P.S. were $1.53 compared to $2.69 a year ago — a decline of -43%.
Recent Price Action
On 7/22/24, Investar Holding Corp (NASDAQ: ISTR) stock rose modestly by 0.7%, closing at $17.61. Moreover, unusually high trading volume at 159% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, ISTR is expected to continue to be a modest Value Builder.
Investar Holding has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Investar Holding has a good Appreciation Score of 78 and a very high Power Rating of 87, producing the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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