Piper Sandler Boosts Isabella Bank (OTCMKTS:ISBA) Price Target to $24.00

Isabella Bank (OTCMKTS:ISBA) had its price target raised by Piper Sandler from $22.00 to $24.00 in a report published on Wednesday, Benzinga reports. They currently have a neutral rating on the stock.

Isabella Bank Stock Performance

OTCMKTS ISBA opened at $21.65 on Wednesday. The firm has a market capitalization of $161.08 million, a PE ratio of 11.83 and a beta of -0.03. The business’s 50-day moving average price is $20.64 and its two-hundred day moving average price is $19.40. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. Isabella Bank has a 12 month low of $17.55 and a 12 month high of $22.25.

Isabella Bank (OTCMKTS:ISBA) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.16. Isabella Bank had a net margin of 13.43% and a return on equity of 7.42%. The firm had revenue of $18.02 million for the quarter, compared to the consensus estimate of $17.50 million. On average, analysts expect that Isabella Bank will post 1.99 EPS for the current year.

Isabella Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date of this dividend was Thursday, September 26th. Isabella Bank’s payout ratio is 61.20%.

Isabella Bank Company Profile

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.