Investar Holding Corp reports results for the quarter ended in September 30 - Earnings Summary

Investar Holding

21/10/2024 23:13

* Investar Holding Corp  ISTR.OQ  reported quarterly
adjusted
earnings of 45 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 33 cents.  The mean expectation of two analysts
for the quarter was for earnings of 33 cents per share. Wall
Street expected results to range from 30 cents to 35 cents per
share.
    * Revenue rose 1.6% to $18.44 million from a year ago;
analysts
expected $19.60 million. 
    * Investar Holding Corp's reported EPS for the quarter was
54
cents​.
    * The company reported quarterly net income of $5.38
million.
    * Investar Holding Corp shares had risen by 5.3% this
quarter and
gained 37.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.2%
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 $22.00 
This summary was machine generated from LSEG data October 21 at
10:13 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
 Sep. 30 2024      0.33           0.45           Beat
 Jun. 30 2024      0.30           0.36           Beat
 Mar. 31 2024      0.24           0.43           Beat
 Dec. 31 2023      0.27           0.39           Beat