Investar Holding Corporation (NASDAQ:ISTR) will begin trading ex-dividend on December 24, 2020. The quarterly dividend payment of $ 0.065 per share is scheduled to be paid on January 31, 2021. The dividend yield based on the latest trading day closing price was 1.55 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of December 24, 2020.
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Investar Holding Corporation recently reported third quarter financial results on October 22, 2020, after market close, the Baton Rouge based company came out with income for the third quarter of $ 0.35 per share, from the revenue of $ 22.11 million. The quarterly earnings lowered 27.08 percent while revenues elevated 22.97 percent compared with the same quarter last year.
Shares of Investar Holding Corporation traded low $ -0.10 or -0.59 percent on Tuesday, reaching $ 16.75 with volume of 5.50 thousand shares. Investar Holding Corporation has traded high as $ 17.04 and has cracked $ 16.55 on the downward trend
According to the previous trading day, closing price of $ 16.75, representing a 98.47 % increase from the 52 week low of $ 8.49 and a 32.44 % decrease over the 52 week high of $ 24.94.
The company has a market capital of $ 177.92 million and is part of the Financial Services sector and Banks – Regional – US industry.
Investar Holding Corporation operates as the bank holding company for Investar Bank that provides a range of commercial banking products for 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; loans for the construction of commercial projects, and single family residential and multifamily properties; commercial and industrial loans, such as working capital lines of credit and equipment loans; consumer loans comprising secured and unsecured installment and term loans, second mortgages, home equity loans and lines of credit, and auto loans, as well as loans for personal, family, and household purposes; and one-to-four family residential real estate loans consisting of second and other second mortgage loans.