Investar Holding Stock Price, News & Analysis

Investar Holding Corporation (Nasdaq:ISTR) has declared a quarterly cash dividend of $0.08 per share, payable on January 31, 2022, to shareholders of record by December 31, 2021. This marks the 33rd quarterly dividend issued by the Company following 11 consecutive quarters of cash dividends by Investar Bank. The Company operates 33 branches across Louisiana, Texas, and Alabama, with total assets of $2.7 billion as of September 30, 2021.

Investar Holding Corporation (NASDAQ:ISTR) reported a net loss of $10.0 million ($0.95 per share) for Q3 2021, a significant decline from a profit of $5.7 million in Q2 2021. This loss was primarily due to a $21.6 million impairment charge linked to Hurricane Ida. Total deposits increased by 1.9% to $2.30 billion, driven by organic growth and the acquisition of Cheaha Bank. While noninterest income fell by 4.1% to $3.9 million, net interest income rose 1.8% to $21.5 million, highlighting a stable core despite external pressures.

Investar Holding Corporation (NASDAQ:ISTR) announced a quarterly cash dividend of $0.08 per share, payable on October 29, 2021, to shareholders of record as of September 30, 2021. This marks the 32nd quarterly dividend by Investar Holding following 11 consecutive quarterly cash dividends from its banking subsidiary, Investar Bank. As of June 30, 2021, Investar Bank had total assets of $2.7 billion and employed 357 full-time equivalent employees across 34 branches in Louisiana, Texas, and Alabama.

Investar Holding Corporation (NASDAQ: ISTR) reported record net income of $5.7 million, or $0.53 per diluted share for Q2 2021, up from $5.4 million in the prior quarter and $4.3 million in Q2 2020. Core earnings rose to $0.53 per share. The acquisition of Cheaha Bank contributed positively, leading to a 5.5% increase in total loans, reaching $1.95 billion. Total deposits grew 12.5% to $2.26 billion. Nonperforming loans increased to 1.07% of the total loan portfolio. Net interest margin decreased to 3.48% due to excess liquidity.

Investar Holding Corporation (Nasdaq: ISTR) has declared a quarterly cash dividend of $0.08 per share, marking a 14% increase from the previous quarter. This dividend will be payable on July 31, 2021 to shareholders of record as of June 30, 2021. This represents the 31st quarterly dividend paid by the company, following an uninterrupted series of 11 quarterly dividends from Investar Bank. At March 31, 2021, Investar Bank had total assets of $2.4 billion.

Investar Holding Corporation (Nasdaq: ISTR) has authorized the repurchase of an additional 200,000 shares of its common stock, complementing the 315,240 shares previously available for repurchase. This initiative represents approximately 2% of the company's outstanding shares and is set to conclude by July 31, 2021. Share repurchases will be executed in open market transactions and may be suspended or terminated at the company's discretion. The repurchase program aims to enhance shareholder value and provide flexibility in capital usage.

Investar Holding Corporation (NASDAQ:ISTR) reported record net income of $5.4 million, or $0.51 per diluted share, in Q1 2021, up from $4.5 million in Q4 2020 and $0.6 million in Q1 2020. Core earnings per diluted share reached $0.49, with a net interest margin of 3.64%. Noninterest-bearing deposits surged by 15% to $515.5 million. The acquisition of Cheaha Bank closed on April 1, 2021. Book value per share increased to $23.79, while tangible book value per share rose 4% to $20.72. The allowance for loan losses increased to 1.11% of total loans.

Investar Holding Corporation (Nasdaq: ISTR) has successfully completed the acquisition of Cheaha Financial Group, Inc., the parent company of Cheaha Bank, effective April 1, 2021. Investar paid $80.00 per share, totaling approximately $41.1 million. This acquisition allows Investar to expand its presence in northeast Alabama, aligning with its strategic goals to enhance customer service and community engagement. Post-acquisition, the combined assets of Investar and Cheaha will reach approximately $2.6 billion, bolstering Investar’s footprint in the banking sector.

Investar Holding Corporation (Nasdaq: ISTR) announced a quarterly cash dividend of $0.07 per share, reflecting an 8% increase from the previous quarter. This dividend will be payable on April 30, 2021, to shareholders of record as of March 29, 2021. Additionally, the Board approved a repurchase of 300,000 shares, totaling approximately 3% of outstanding stock, in a stock buyback program. The company had previously repurchased 661,504 shares in 2020 and 213,395 shares in Q1 2021 at average prices of $16.75 and $17.48, respectively.