Investar Holding Corp reports results for the quarter ended in March - Earnings Summary

Investar Holding

22/04/2024 22:01

* Investar Holding Corp  ISTR.OQ  reported quarterly
adjusted
earnings of 43 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 51 cents.  The mean expectation of two analysts for the
quarter was for earnings of 24 cents per share. Wall Street
expected results to range from 22 cents to 25 cents per share.
    * Revenue fell 6% to $19.96 million from a year ago;
analysts
expected $19.10 million. 
    * Investar Holding Corp's reported EPS for the quarter was
48
cents​.
    * The company reported quarterly net income of $4.71
million.
    * Investar Holding Corp shares had fallen by 3.9% this
quarter and
gained 5.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 29.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
 "buy."

Wall Street's median 12-month price target for Investar Holding
Corp is $20.25 
This summary was machine generated from LSEG data April 22 at
09:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.24           0.43           Beat
 Dec. 31 2023      0.27           0.39           Beat
 Sep. 30 2023      0.33           0.33           Met
 Jun. 30 2023      0.38           0.67           Beat