Isabella Bank (NASDAQ:ISBA) Issues Earnings Results

Isabella Bank (NASDAQ:ISBA) released its quarterly earnings data on Thursday. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.03, Zacks reports. Isabella Bank had a net margin of 16.78% and a return on equity of 8.48%.

Isabella Bank Price Performance

NASDAQ:ISBA traded up $0.33 during trading hours on Thursday, reaching $39.69. 13,556 shares of the company were exchanged, compared to its average volume of 44,463. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.12. The firm has a market cap of $302.80 million, a PE ratio of 14.59 and a beta of 0.06. Isabella Bank has a twelve month low of $34.09 and a twelve month high of $58.83. The stock’s 50-day moving average is $38.39 and its 200-day moving average is $42.82.

Isabella Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were given a dividend of $0.28 per share. The ex-dividend date was Monday, September 28th. This represents a $1.12 dividend on an annualized basis and a yield of 2.8%. Isabella Bank’s dividend payout ratio is currently 41.18%.

Analyst Ratings Changes

A number of research firms have recently weighed in on ISBA. Piper Sandler reduced their target price on shares of Isabella Bank from $47.00 to $43.00 and set a “neutral” rating on the stock in a research report on Monday, July 27th. Zacks Research raised shares of Isabella Bank from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Isabella Bank in a report on Friday, September 25th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $43.00.

About Isabella Bank

Isabella Bank Corporation is the bank holding company for Isabella Bank, a community banking institution headquartered in Mount Pleasant, Michigan. Founded in 1903, the bank serves individuals, families, businesses and community organizations primarily across central Michigan.

Isabella Bank provides a range of personal and business banking products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate financing and other business lending.