NasdaqGM:ISTR

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has Investar Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ISTR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.7%

ISTR

3.9%

US Banks

-0.4%

US Market


1 Year Return

-40.6%

ISTR

-26.3%

US Banks

18.3%

US Market

Return vs Industry: ISTR underperformed the US Banks industry which returned -26.3% over the past year.

Return vs Market: ISTR underperformed the US Market which returned 18.3% over the past year.


Shareholder returns

ISTRIndustryMarket
7 Day1.7%3.9%-0.4%
30 Day12.5%13.0%8.0%
90 Day3.6%3.8%9.4%
1 Year-39.6%-40.6%-23.6%-26.3%21.0%18.3%
3 Year-39.5%-41.4%-16.3%-23.3%42.1%32.7%
5 Year-7.5%-10.9%21.9%6.8%85.6%64.7%

Price Volatility Vs. Market

How volatile is Investar Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

12.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ISTR ($14.18) is trading above our estimate of fair value ($9.46)

Significantly Below Fair Value: ISTR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ISTR is poor value based on its PE Ratio (11.7x) compared to the US Banks industry average (10.2x).

PE vs Market: ISTR is good value based on its PE Ratio (11.7x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: ISTR is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: ISTR is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

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

16.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ISTR's forecast earnings growth (16.2% per year) is above the savings rate (2.2%).

Earnings vs Market: ISTR's earnings (16.2% per year) are forecast to grow slower than the US market (22.1% per year).

High Growth Earnings: ISTR's earnings are forecast to grow, but not significantly.

Revenue vs Market: ISTR's revenue (1.8% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: ISTR's revenue (1.8% 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 (6.6%).


Next Steps

Past Performance

How has Investar Holding performed over the past 5 years?

18.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ISTR has high quality earnings.

Growing Profit Margin: ISTR's current net profit margins (17.6%) are lower than last year (25.1%).


Past Earnings Growth Analysis

Earnings Trend: ISTR's earnings have grown by 18.1% 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 (-24.2%) over the past year, making it difficult to compare to the Banks industry average (-3.2%).


Return on Equity

High ROE: ISTR's Return on Equity (5.3%) is considered low.


Next Steps

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 (9.8x) is low.

Allowance for Bad Loans: ISTR has a sufficient allowance for bad loans (128%).

Low Risk Liabilities: 88% 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 (78%).

Low Risk Deposits: ISTR's Loans to Deposits ratio (99%) is appropriate.

Level of Bad Loans: ISTR has an appropriate level of bad loans (0.7%).


Next Steps

Dividend

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

1.83%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ISTR's dividend (1.83%) is higher than the bottom 25% of dividend payers in the US market (1.63%).

High Dividend: ISTR's dividend (1.83%) is low compared to the top 25% of dividend payers in the US market (4.56%).


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 6 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.8%), ISTR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ISTR's dividends in 3 years are forecast to be well covered by earnings (15.3% payout ratio).


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

John D'Angelo (60 yo)

6.92yrs

Tenure

US$965,906

Compensation

Mr. John J. D’Angelo serves as President, Chief Executive Officer and Director at Investar Holding Corporation Investar Bank, National Association. Prior to the Investar Bank’s organization, he served as a ...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD965.91K) is about average for companies of similar size in the US market ($USD1.24M).

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


Leadership Team

NamePositionTenureCompensationOwnership
John D'Angelo
President6.92yrsUS$965.91k1.62%
$ 2.4m
Christopher Hufft
Executive VP & CFO5yrsUS$484.12k0.25%
$ 378.4k
Dane Babin
Executive VP & COO5yrsUS$289.27k0.15%
$ 219.8k
Rachel Cherco
Executive VP5yrsUS$183.15k0.11%
$ 161.9k
Randolf Kassmeier
Executive VP9.75yrsno data0.13%
$ 195.0k
Ryan Finnan
Executive Vice President11.75yrsUS$201.80k0.17%
$ 252.9k
Travis Lavergne
Chief Credit Officer & Executive VP7.58yrsno data0.089%
$ 134.4k
Jeffery Blum
Executive VP and President of Commercial & Industrial Banking2.75yrsno datano data

6.0yrs

Average Tenure

49yo

Average Age

Experienced Management: ISTR's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John D'Angelo
President6.92yrsUS$965.91k1.62%
$ 2.4m
William Hidalgo
Chairman of the Board7.75yrsUS$25.00k0.56%
$ 839.2k
Frank Walker
Independent Director7.75yrsUS$14.01k0.28%
$ 428.3k
James Baker
Independent Director7.75yrsUS$14.01k0.086%
$ 130.2k
Thomas Besselman
Independent Director11.75yrsUS$25.00k0.85%
$ 1.3m
James Boyce
Independent Director11.75yrsUS$25.00k0.27%
$ 403.9k
Robert Boyce
Independent Director7.75yrsUS$14.01k0.51%
$ 771.8k
Gordon Joffrion
Director7.75yrsUS$14.01k0.27%
$ 400.8k
David Lukinovich
Independent Director7.75yrsUS$25.00k0.28%
$ 429.1k
Suzanne Middleton
Independent Director7.75yrsUS$25.00k0.26%
$ 398.3k
Andrew Nelson
Independent Director7.75yrsUS$25.00k1.18%
$ 1.8m
Robert Jordan
Independent Director3.42yrsUS$25.00k0.40%
$ 597.0k

7.8yrs

Average Tenure

62.5yo

Average Age

Experienced Board: ISTR's board of directors are considered experienced (7.8 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 been diluted in the past year, with total shares outstanding growing by 8.9%.


Top Shareholders

Company Information

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


Key Information

  • Name: Investar Holding Corporation
  • Ticker: ISTR
  • Exchange: NasdaqGM
  • Founded: 2006
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$150.728m
  • Shares outstanding: 10.63m
  • Website: https://www.investarbank.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ISTRNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDJul 2014

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/25 00:07
End of Day Share Price2020/10/23 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.