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ISTR

Investar HoldingNasdaqGM:ISTR Stock Report

Last Price

US$18.63

Market Cap

US$192.7m

7D

-1.4%

1Y

4.9%

Updated

22 Jan, 2022

Data

Company Financials +
ISTR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance1/6
Financial Health5/6
Dividends3/6

ISTR Stock Overview

Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products to individuals and small to medium-sized businesses in South Louisiana.

Investar Holding Competitors

Metropolitan Bank Holding

NYSE:MCB

US$1.1b

Heritage Commerce

NasdaqGS:HTBK

US$750.4m

Cambridge Bancorp

NasdaqCM:CATC

US$640.8m

Bank of Marin Bancorp

NasdaqCM:BMRC

US$601.3m

Price History & Performance

Summary of all time highs, changes and price drops for Investar Holding
Historical stock prices
Current Share PriceUS$18.63
52 Week HighUS$23.69
52 Week LowUS$15.66
Beta0.67
1 Month Change4.96%
3 Month Change0.19%
1 Year Change4.90%
3 Year Change-20.82%
5 Year Change-2.00%
Change since IPO32.13%

Recent News & Updates

Dec 21
Investar Holding (NASDAQ:ISTR) Is Increasing Its Dividend To US$0.08

Investar Holding (NASDAQ:ISTR) Is Increasing Its Dividend To US$0.08

Investar Holding Corporation ( NASDAQ:ISTR ) has announced that it will be increasing its dividend on the 31st of...

Oct 20
Here's Why We Think Investar Holding (NASDAQ:ISTR) Is Well Worth Watching

Here's Why We Think Investar Holding (NASDAQ:ISTR) Is Well Worth Watching

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Shareholder Returns

ISTRUS BanksUS Market
7D-1.4%-8.1%-6.1%
1Y4.9%24.9%4.2%

Return vs Industry: ISTR underperformed the US Banks industry which returned 24.9% over the past year.

Return vs Market: ISTR matched the US Market which returned 4.2% over the past year.

Price Volatility

Is ISTR's price volatile compared to industry and market?
ISTR volatility
ISTR Average Weekly Movement2.4%
Banks Industry Average Movement3.9%
Market Average Movement6.7%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.4%

Stable Share Price: ISTR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: ISTR's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006348John D'Angelohttps://www.investarbank.com

Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products to individuals and small to medium-sized businesses in South Louisiana. The company offers various deposit products and services, such as savings, checking, money market, and individual retirement accounts, as well as various certificates of deposit; debit cards; and mobile banking services. It also provides commercial real estate loans; commercial and industrial loans, including working capital lines of credit and equipment loans; loans for the construction of commercial projects, and single family residential and multifamily properties; one-to-four family residential real estate lending, such as second mortgage loans; consumer loans, such as secured and unsecured installment and term loans, home equity loans and lines of credit, and auto loans, as well as loans for personal, family, and household purposes.

Investar Holding Fundamentals Summary

How do Investar Holding's earnings and revenue compare to its market cap?
ISTR fundamental statistics
Market CapUS$192.70m
Earnings (TTM)US$5.58m
Revenue (TTM)US$69.08m

34.5x

P/E Ratio

0.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ISTR income statement (TTM)
RevenueUS$69.08m
Cost of RevenueUS$0
Gross ProfitUS$69.08m
ExpensesUS$63.50m
EarningsUS$5.58m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.54
Gross Margin100.00%
Net Profit Margin8.08%
Debt/Equity Ratio57.7%

How did ISTR perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

55%

Payout Ratio

Valuation

Is Investar Holding undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ISTR ($18.63) is trading below our estimate of fair value ($38.88)

Significantly Below Fair Value: ISTR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ISTR is poor value based on its PE Ratio (34.5x) compared to the US Banks industry average (10.9x).

PE vs Market: ISTR is poor value based on its PE Ratio (34.5x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: ISTR is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: ISTR is good value based on its PB Ratio (0.8x) compared to the US Banks industry average (1.2x).


Future Growth

How is Investar Holding forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

60.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ISTR's forecast earnings growth (60.8% per year) is above the savings rate (2%).

Earnings vs Market: ISTR's earnings (60.8% per year) are forecast to grow faster than the US market (12.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ISTR's revenue (8.7% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: ISTR's revenue (8.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ISTR's Return on Equity is forecast to be low in 3 years time (9%).


Past Performance

How has Investar Holding performed over the past 5 years?

13.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ISTR has a large one-off loss of $2.5M impacting its September 30 2021 financial results.

Growing Profit Margin: ISTR's current net profit margins (8.1%) are lower than last year (17.5%).


Past Earnings Growth Analysis

Earnings Trend: ISTR's earnings have grown by 13.9% per year over the past 5 years.

Accelerating Growth: ISTR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ISTR had negative earnings growth (-55.7%) over the past year, making it difficult to compare to the Banks industry average (43.5%).


Return on Equity

High ROE: ISTR's Return on Equity (2.4%) is considered low.


Financial Health

How is Investar Holding's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: ISTR's Assets to Equity ratio (11.4x) is moderate.

Allowance for Bad Loans: ISTR has a low allowance for bad loans (62%).

Low Risk Liabilities: 94% of ISTR's liabilities are made up of primarily low risk sources of funding.

Loan Level: ISTR has an appropriate level of Loans to Assets ratio (69%).

Low Risk Deposits: ISTR's Loans to Deposits ratio (81%) is appropriate.

Level of Bad Loans: ISTR has an appropriate level of bad loans (1.7%).


Dividend

What is Investar Holding current dividend yield, its reliability and sustainability?

1.72%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ISTR's dividend (1.72%) is higher than the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: ISTR's dividend (1.72%) is low compared to the top 25% of dividend payers in the US market (3.61%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ISTR has been paying a dividend for less than 10 years.

Growing Dividend: ISTR's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (54.5%), ISTR's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ISTR's dividends in 3 years are forecast to be thoroughly covered by earnings (15% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.1yrs

Average management tenure


CEO

John D'Angelo (61 yo)

8.17yrs

Tenure

US$1,100,265

Compensation

Mr. John Joseph D'Angelo has been the President and Chief Executive Officer of the Company since Investar Holding Corporation (formerly known as Investar Bank), National Association organization as a bank...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD1.10M) is about average for companies of similar size in the US market ($USD1.14M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ISTR's management team is seasoned and experienced (5.1 years average tenure).


Board Members

Experienced Board: ISTR's board of directors are considered experienced (9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ISTR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Investar Holding Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Investar Holding Corporation
  • Ticker: ISTR
  • Exchange: NasdaqGM
  • Founded: 2006
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$192.699m
  • Shares outstanding: 10.34m
  • Website: https://www.investarbank.com

Number of Employees


Location

  • Investar Holding Corporation
  • 10500 Coursey Boulevard
  • Baton Rouge
  • Louisiana
  • 70816
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 23:19
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.