Short Interest in Isabella Bank Co. (OTCMKTS:ISBA) Rises By 100.0%

Isabella Bank Co. (OTCMKTS:ISBA) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 200 shares, a growth of 100.0% from the June 30th total of 100 shares. Based on an average daily trading volume, of 5,400 shares, the days-to-cover ratio is currently 0.0 days.

Isabella Bank Stock Up 1.2 %

Shares of ISBA traded up $0.23 during trading on Friday, reaching $19.76. The company’s stock had a trading volume of 4,908 shares, compared to its average volume of 2,689. The company has a fifty day moving average of $18.71 and a two-hundred day moving average of $19.24. Isabella Bank has a twelve month low of $17.75 and a twelve month high of $23.00. The company has a market cap of $147.79 million, a price-to-earnings ratio of 9.32 and a beta of -0.04. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.36.

Isabella Bank (OTCMKTS:ISBA) last announced its earnings results on Thursday, July 25th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. The company had revenue of $25.70 million for the quarter, compared to analyst estimates of $17.00 million. Isabella Bank had a return on equity of 7.56% and a net margin of 14.98%. On average, sell-side analysts predict that Isabella Bank will post 1.7 EPS for the current fiscal year.

Isabella Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 26th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 5.67%. The ex-dividend date was Wednesday, June 26th. Isabella Bank’s dividend payout ratio is currently 52.83%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler initiated coverage on Isabella Bank in a report on Thursday, April 11th. They set a “neutral” rating and a $20.00 target price for the company.

About Isabella Bank

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.