Isabella Bank (OTCMKTS:ISBA) Trading 0.9% Higher – What’s Next?

Posted by Kim Johansen on Dec 14th, 2024

Isabella Bank Co. (OTCMKTS:ISBA – Get Free Report)’s stock price was up 0.9% on Friday . The company traded as high as $26.23 and last traded at $25.15. Approximately 6,905 shares were traded during mid-day trading, an increase of 134% from the average daily volume of 2,955 shares. The stock had previously closed at $24.92.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their price target on shares of Isabella Bank from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th.

Check Out Our Latest Report on Isabella Bank

Isabella Bank Stock Up 0.9 %

The firm’s fifty day simple moving average is $23.14 and its two-hundred day simple moving average is $20.64. The company has a market capitalization of $186.86 million, a price-to-earnings ratio of 13.74 and a beta of 0.04. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45.

Isabella Bank (OTCMKTS:ISBA – Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.16. Isabella Bank had a return on equity of 7.32% and a net margin of 13.43%. The company had revenue of $18.02 million during the quarter, compared to analysts’ expectations of $17.50 million. Sell-side analysts anticipate that Isabella Bank Co. will post 1.99 EPS for the current year.

Isabella Bank Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, December 16th will be given a $0.28 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.12 dividend on an annualized basis and a yield of 4.45%. Isabella Bank’s payout ratio is currently 61.20%.

About Isabella Bank

(Get Free Report)

Isabella Bank Corporation operates as the bank holding company for Isabella Bank that provides various banking products and services to businesses, institutions, and individuals and their families. Its deposit products include checking accounts, savings accounts, certificates of deposit, direct deposits, and money market accounts.