A Business at a Glance
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Investar Holding Corp
ISTR
$306M
Mkt Cap
$29.86
+1.84%
Investar Holding Corp (ISTR) has a current P/E ratio of 14.6, compared to its historical median P/E of 12.8. The stock is currently considered Fair based on its historical valuation range.
Investar Holding Corp (ISTR) has a 5-year average return on invested capital (ROIC) of 8.3%. This is below average and may indicate limited pricing power.
Investar Holding Corp (ISTR) has a market capitalization of $306M. It is classified as a small-cap stock.
Yes, Investar Holding Corp (ISTR) pays a dividend with a trailing twelve-month yield of 1.38%. The company also returns capital through share buybacks, with a buyback yield of 0.75%.
Based on historical P/E analysis, Investar Holding Corp (ISTR) appears fair. The current P/E of 14.6 is 14% above its historical median of 12.8. The estimated fair value CAGR (P/E method) is 8.2%.
Investar Holding Corp (ISTR) operates in the State Commercial Banks industry, within the Financials sector.
Investar Holding Corp (ISTR) reported annual revenue of $153 million in its most recent fiscal year, based on SEC EDGAR filings.
Item 1. Business Investar Holding Corporation, a Louisiana corporation incorporated in 2009, is a financial holding company headquartered in Baton Rouge, Louisiana that conducts its operations primarily through its wholly-owned subsidiary, Investar Bank, National Association, a national bank chartered by the OCC. The Bank was originally chartered as a Louisiana commercial bank in 2006 and converted to a national bank in July 2019. Through the Bank, the Company offers a wide range of commercial banking products tailored to meet the needs of individuals, professionals, and small to medium-sized businesses. Our primary areas of operation are south Louisiana, including Baton Rouge, New Orleans, Lafayette, Lake Charles, and their surrounding areas; southeast Texas, primarily Houston and its surrounding area; and Alabama, including York and Oxford and their surrounding areas.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 153M | 153M | 158M | 140M | 123M | 108M |
| Net Income | 22M | 22M | 20M | 17M | 36M | 8.0M |
| EPS | $2.13 | $2.13 | $2.04 | $1.69 | $3.50 | $0.76 |
| Free Cash Flow | 18M | 18M | 16M | 26M | 43M | 33M |
| ROIC | 7.0% | 7.8% | 8.3% | 7.2% | 14.9% | 3.2% |
| Gross Margin | 0.0% | 0.0% | 55.8% | 55.3% | 66.8% | 51.3% |
| Debt/Equity | 0.03 | 0.03 | 0.04 | 0.98 | 0.05 | -0.13 |
| Dividends/Share | $0.41 | $0.44 | $0.41 | $0.40 | $0.37 | $0.31 |
| Operating Income | 2.3M | 2.3M | 2.6M | 2.1M | 2.7M | 2.2M |
| Operating Margin | 1.5% | 1.5% | 1.6% | 1.5% | 2.2% | 2.0% |
| ROE | 7.3% | 8.1% | 8.7% | 7.5% | 15.6% | 3.3% |
| Shares Outstanding | 10M | 10M | 10M | 10M | 10M | 10M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 37M | 46M | 49M | 57M | 78M | 96M | 106M | 108M | 123M | 140M | 158M | 153M | 153M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | 55.2% | 51.3% | 66.8% | 55.3% | 55.8% | 0.0% | 0.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 15M | 16M | 16M | 19M | 25M | 29M | 33M | 36M | 35M | 37M | 39M | 40M | 40M |
| EBIT | 648K | 654K | 11M | 12M | 17M | 1.4M | 5.0M | 2.2M | 2.7M | 2.1M | 2.6M | 2.3M | 2.3M |
| Op. Margin | 1.7% | 1.4% | 23.6% | 21.8% | 22.0% | 1.4% | 4.7% | 2.0% | 2.2% | 1.5% | 1.6% | 1.5% | 1.5% |
| Net Income | 5.4M | 7.1M | 7.9M | 8.1M | 13M | 17M | 14M | 8.0M | 36M | 17M | 20M | 22M | 22M |
| Net Margin | 14.5% | 15.5% | 16.2% | 14.2% | 17.2% | 17.4% | 13.0% | 7.4% | 29.0% | 11.9% | 12.8% | 14.2% | 14.2% |
| Non-Recurring | 693K | 15K | 1.3M | 127K | 98K | -11K | -38K | -408K | -258K | -1.3M | 427K | -8K | -8K |
| Returns on Capital | |||||||||||||
| ROIC | 5.8% | 6.3% | 6.8% | 4.7% | 5.5% | 6.4% | 5.4% | 3.2% | 14.9% | 7.2% | 8.3% | 7.8% | 7.0% |
| ROE | 6.8% | 6.6% | 7.1% | 5.7% | 7.6% | 7.9% | 5.7% | 3.3% | 15.6% | 7.5% | 8.7% | 8.1% | 7.3% |
| ROA | 0.7% | 0.7% | 0.7% | 0.6% | 0.8% | 0.8% | 0.6% | 0.3% | 1.4% | 0.6% | 0.7% | 0.8% | 0.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 88M | 38M | 37M | 9.5M | 16M | 19M | 18M | 33M | 43M | 26M | 16M | 18M | 18M |
| Free Cash Flow | 82M | 33M | 33M | 7.4M | 11M | 11M | 10M | 33M | 43M | 26M | 16M | 18M | 18M |
| Owner Earnings | 83M | 36M | 35M | 6.8M | 13M | 14M | 12M | 27M | 36M | 20M | 11M | 13M | 13M |
| CapEx | 5.1M | 4.1M | 4.0M | 2.1M | 4.9M | 7.9M | 7.6M | 0 | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 4.0M | 1.4M | 1.5M | 1.9M | 2.6M | 3.5M | 4.6M | 5.0M | 4.4M | 3.8M | 3.1M | 2.8M | 2.8M |
| Growth CapEx | 1.2M | 2.6M | 2.5M | 216K | 2.4M | 4.5M | 3.0M | N/A | N/A | N/A | N/A | N/A | 0 |
| D&A | 4.0M | 1.4M | 1.5M | 1.9M | 2.6M | 3.5M | 4.6M | 5.0M | 4.4M | 3.8M | 3.1M | 2.8M | 2.8M |
| CapEx/OCF | N/A | 10.9% | 10.6% | 22.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 194K | 221K | 278K | 722K | 1.5M | 2.2M | 2.7M | 3.1M | 3.6M | 3.8M | 4.0M | 4.2M | 4.2M |
| Dividend Yield | 0.3% | 0.2% | 0.3% | 0.4% | 0.7% | 1.0% | 1.8% | 1.6% | 1.8% | 3.0% | 2.3% | N/A | 1.4% |
| Share Buybacks | 6K | 572K | 3.5M | 506K | 3.4M | 8.3M | 11M | 6.9M | 11M | 3.0M | 305K | 2.3M | 2.3M |
| Buyback Yield | 0.0% | 0.5% | 3.1% | 0.3% | 1.6% | 3.9% | 6.7% | 4.0% | 5.2% | 2.1% | 0.1% | 0.0% | 0.7% |
| Stock-Based Comp | 228K | 385K | 609K | 786K | 1.1M | 1.4M | 1.6M | 1.7M | 2.1M | 2.0M | 2.0M | 2.0M | 2.0M |
| Debt Repayment | 3.2M | 14M | 16M | 21M | 58M | 12M | 3.1M | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 9.4M | -117M | -221M | -149M | -168M | -367M | -312M | -485M | -436M | -172M | -349M | -32M | -32M |
| Cash & Equiv. | 19M | 21M | 29M | 30M | 17M | 45M | 35M | 97M | 40M | 32M | 28M | 42M | 42M |
| Long-Term Debt | 7.5M | 3.0M | 5.0M | 55M | 75M | 24M | 0 | 9.8M | 9.8M | 9.8M | 9.8M | 9.8M | 9.8M |
| Debt/Equity | 0.95 | 0.15 | -0.26 | 0.57 | 0.54 | -0.26 | -0.03 | -0.13 | 0.05 | 0.98 | 0.04 | 0.03 | 0.03 |
| Interest Coverage | 0.3 | 0.1 | 0.1 | 2.1 | 2.0 | 0.1 | 0.2 | 0.2 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 |
| Equity | 103M | 109M | 113M | 173M | 182M | 242M | 243M | 243M | 216M | 227M | 241M | 301M | 301M |
| Total Assets | 879M | 1.0B | 1.2B | 1.6B | 1.8B | 2.1B | 2.3B | 2.5B | 2.8B | 2.8B | 2.7B | 2.8B | 2.8B |
| Total Liabilities | 776M | 922M | 1.0B | 1.5B | 1.6B | 1.9B | 2.1B | 2.3B | 2.5B | 2.6B | 2.5B | 2.5B | 2.5B |
| Intangibles | 532K | 491K | 450K | 2.7M | 2.3M | 4.8M | 4.0M | 3.8M | 3.0M | 2.1M | 1.5M | 996K | 996K |
| Retained Earnings | 12M | 19M | 26M | 33M | 46M | 60M | 71M | 76M | 108M | 117M | 133M | 151M | 151M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Liabilities | 6.2M | 15M | 12M | 12M | 9.9M | 16M | 15M | 15M | 16M | 35M | 35M | 0 | 0 |
| Per Share Data | |||||||||||||
| EPS | 0.93 | 0.97 | 1.10 | 0.96 | 1.39 | 1.66 | 1.27 | 0.76 | 3.50 | 1.69 | 2.04 | 2.13 | 2.13 |
| Owner EPS | 14.37 | 4.89 | 4.91 | 0.81 | 1.33 | 1.36 | 1.06 | 2.55 | 3.55 | 2.08 | 1.10 | 1.31 | 1.31 |
| Book Value | 17.81 | 15.00 | 15.74 | 20.49 | 18.89 | 24.09 | 22.36 | 23.11 | 21.17 | 22.98 | 24.31 | 29.35 | 29.35 |
| Cash Flow/Share | 15.09 | 5.14 | 5.21 | 1.12 | 1.70 | 1.85 | 1.63 | 3.19 | 4.19 | 2.66 | 1.60 | 1.78 | 2.40 |
| Dividends/Share | 0.04 | 0.03 | 0.04 | 0.10 | 0.17 | 0.23 | 0.25 | 0.31 | 0.37 | 0.40 | 0.41 | 0.44 | 0.41 |
| Shares Out. | 5.8M | 7.3M | 7.2M | 8.4M | 9.7M | 10.0M | 10.9M | 10.5M | 10.2M | 9.9M | 9.9M | 10.3M | 10.3M |
| Valuation | |||||||||||||
| P/E Ratio | 13.1 | 15.5 | 14.4 | 22.1 | 15.5 | 12.8 | 12.0 | 21.8 | 5.7 | 8.5 | 10.5 | N/A | 14.0 |
| P/FCF | 0.9 | 3.3 | 3.4 | 24.2 | 18.2 | 20.1 | 16.3 | 5.2 | 4.8 | 5.4 | 13.4 | N/A | 16.8 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 171.1 | N/A | N/A | 116.9 |
| Price/Book | 0.7 | 1.0 | 1.0 | 1.0 | 1.2 | 0.9 | 0.7 | 0.7 | 0.9 | 0.6 | 0.9 | N/A | 1.0 |
| Price/Sales | 2.1 | 2.5 | 2.4 | 3.6 | 3.6 | 3.0 | 2.0 | 2.7 | 1.8 | 1.6 | 2.0 | N/A | 2.0 |
| FCF Yield | 116.8% | 30.5% | 29.4% | 4.1% | 5.4% | 4.9% | 6.1% | 19.2% | 20.9% | 18.5% | 7.5% | N/A | 5.9% |
| Market Cap | 71M | 109M | 113M | 181M | 211M | 216M | 166M | 175M | 204M | 142M | 213M | 0 | 306M |
| Avg. Price | 11.86 | 13.49 | 13.66 | 19.27 | 22.61 | 20.85 | 13.82 | 18.47 | 19.05 | 13.14 | 17.35 | 0.00 | 29.86 |
| Year-End Price | 12.17 | 15.01 | 15.82 | 21.17 | 21.59 | 21.30 | 15.20 | 16.59 | 20.02 | 14.36 | 21.44 | 0.00 | 29.86 |
Investar Holding Corp passes 3 of 9 quality checks, indicating weak fundamentals.
Investar Holding Corp trades at 14.6x trailing earnings, compared to its 15-year median P/E of 12.8x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 18.6x vs a median of 13.4x. The company's 5-year average ROIC is 8.3% with a gross margin of 45.8%. Total shareholder yield (dividends + buybacks) is 2.1%. At current prices, the estimated annualized return to fair value is +3.5%.
Investar Holding Corp (ISTR) has a net profit margin of 14.2%. This is a healthy margin.
Investar Holding Corp (ISTR) generated $18 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Investar Holding Corp (ISTR) has a debt-to-equity ratio of 0.03. This indicates a conservatively financed balance sheet.
Investar Holding Corp (ISTR) reported earnings per share (EPS) of $2.13 in its most recent fiscal year.
Investar Holding Corp (ISTR) has a return on equity (ROE) of 8.1%. This indicates moderate shareholder returns.
Investar Holding Corp (ISTR) has a 5-year average gross margin of 45.8%. This indicates decent pricing power.
The Ledger Terminal provides 14 years of financial data for Investar Holding Corp (ISTR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Investar Holding Corp (ISTR) has a book value per share of $29.35, based on its most recent annual SEC filing.
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