Isabella Bank (NASDAQ:ISBA) Rating Lowered to Strong Sell at Zacks Research

Isabella Bank (NASDAQ:ISBA) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

A number of other research analysts also recently issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Isabella Bank in a research report on Tuesday, June 30th. Piper Sandler decreased their price objective on shares of Isabella Bank from $47.00 to $43.00 and set a “neutral” rating for the company in a research report on Monday. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $43.00.

Isabella Bank Stock Up 2.0%

Shares of ISBA opened at $39.98 on Monday. The stock’s 50-day moving average price is $40.57 and its two-hundred day moving average price is $44.77. Isabella Bank has a 12 month low of $29.00 and a 12 month high of $58.83. The company has a market capitalization of $293.05 million, a PE ratio of 14.70 and a beta of 0.01. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13.

Isabella Bank (NASDAQ:ISBA) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.23). The company had revenue of $21.86 million for the quarter, compared to the consensus estimate of $23.00 million. Isabella Bank had a return on equity of 8.64% and a net margin of 16.78%. On average, analysts anticipate that Isabella Bank will post 3.24 EPS for the current year.

Hedge Funds Weigh In On Isabella Bank

A number of institutional investors and hedge funds have recently modified their holdings of ISBA. CWM LLC acquired a new stake in shares of Isabella Bank during the 4th quarter worth approximately $38,000. Bank of America Corp DE lifted its position in shares of Isabella Bank by 2,617.7% during the 3rd quarter. Bank of America Corp DE now owns 1,685 shares of the company’s stock valued at $59,000 after acquiring an additional 1,623 shares during the period. Barclays PLC bought a new position in Isabella Bank during the fourth quarter worth $168,000. Norris Perne & French LLP MI bought a new position in Isabella Bank during the fourth quarter worth $258,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Isabella Bank in the third quarter worth $215,000.

Isabella Bank Company Profile

Isabella Bank (NASDAQ: ISBA) is a community bank headquartered in Mount Pleasant, Michigan, serving individuals and businesses across mid-Michigan. The bank delivers a broad array of financial products, including checking and savings accounts, money market accounts, certificates of deposit, and online and mobile banking platforms designed to meet everyday banking needs.

On the commercial side, Isabella Bank offers business lending solutions such as lines of credit, term loans, and equipment financing, alongside treasury management, merchant services, and payroll processing to help companies manage cash flow and streamline operations.