Investar Holding (ISTR) EPS Estimated At $0.32; Independent Bank (INDB)’s Sentiment Is 1.17

January 14, 2018 - By Adrian Erickson

Independent Bank Corp. operates as the bank holding firm for Rockland Trust Company that provides commercial banking services and products to individuals and small-to-medium sized businesses primarily in Massachusetts. The company has market cap of $2.03 billion. The companyÂ’s services and products include demand deposits and time certificates of deposit, as well as checking, money market, and savings accounts. It has a 24.4 P/E ratio. The Company’s loan portfolio includes commercial loans, such as commercial and industrial, asset-based, commercial real estate, commercial construction, and small business loans; consumer real estate loans, including residential mortgages, home equity loans, and loans for the construction of residential properties; and other consumer loans, such as personal loans.

Analysts expect Investar Holding Corporation (NASDAQ:ISTR) to report $0.32 EPS on January, 25.They anticipate $0.06 EPS change or 23.08% from last quarter’s $0.26 EPS. ISTR’s profit would be $2.79M giving it 19.30 P/E if the $0.32 EPS is correct. After having $0.29 EPS previously, Investar Holding Corporation’s analysts see 10.34% EPS growth. The stock increased 0.20% or $0.05 during the last trading session, reaching $24.7. About 12,996 shares traded or 2.27% up from the average. Investar Holding Corporation (NASDAQ:ISTR) has risen 48.68% since January 14, 2017 and is uptrending. It has outperformed by 31.98% the S&P500.

Investar Holding Corporation operates as the bank holding firm for Investar Bank that provides a range of commercial banking products for individuals and small to medium-sized businesses in South Louisiana. The company has market cap of $215.36 million. It accepts various deposit services and products, such as savings, checking, money market, NOW, and individual retirement accounts, as well as various certificates of deposit; debit cards; and mobile banking services. It has a 25.54 P/E ratio. The firm also offers multifamily, farmland, and commercial real estate loans; loans for the construction of commercial projects, and single family residential and multifamily properties; commercial and industrial loans, including working capital lines of credit and equipment loans; consumer loans comprising secured and unsecured installment and term loans, second mortgages, and home equity loans and lines of credit, as well as auto loans; and one-to-four family residential real estate loans consisting of second and other mortgage loans.

Among 3 analysts covering Investar (NASDAQ:ISTR), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Investar had 4 analyst reports since August 26, 2016 according to SRatingsIntel. The stock has “Market Perform” rating by Raymond James on Thursday, August 10. The rating was reinitiated by PiperJaffray on Thursday, October 5 with “Overweight”. The firm has “Buy” rating by Piper Jaffray given on Thursday, July 27. The stock of Investar Holding Corporation (NASDAQ:ISTR) earned “Outperform” rating by Raymond James on Friday, August 26.

The stock increased 1.17% or $0.85 during the last trading session, reaching $73.8. About 79,016 shares traded or 3.34% up from the average. Independent Bank Corp. (INDB) has risen 30.83% since January 14, 2017 and is uptrending. It has outperformed by 14.13% the S&P500.

Since January 1, 0001, it had 0 buys, and 2 sales for $134,001 activity.

Analysts await Independent Bank Corp. (NASDAQ:INDB) to report earnings on January, 18. They expect $0.92 earnings per share, up 21.05% or $0.16 from last year’s $0.76 per share. INDB’s profit will be $25.24M for 20.05 P/E if the $0.92 EPS becomes a reality. After $0.87 actual earnings per share reported by Independent Bank Corp. for the previous quarter, Wall Street now forecasts 5.75% EPS growth.

Rockland Trust Co holds 3.66% of its portfolio in Independent Bank Corp. for 565,848 shares. Endurance Wealth Management Inc. owns 127,408 shares or 1.58% of their US portfolio. Moreover, Excalibur Management Corp has 1.52% invested in the company for 23,917 shares. The Illinois-based New England Research & Management Inc. has invested 1.44% in the stock. Silvercrest Asset Management Group Llc, a New York-based fund reported 1.70 million shares.

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