Isabella Bank (OTCMKTS:ISBA) Announces Earnings Results

Isabella Bank (OTCMKTS:ISBA) announced its quarterly earnings data on Thursday. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03, Zacks reports. Isabella Bank had a net margin of 13.43% and a return on equity of 7.32%.

Isabella Bank Price Performance

Shares of ISBA traded up $0.01 during trading hours on Friday, hitting $25.80. The stock had a trading volume of 1,050 shares, compared to its average volume of 1,102. Isabella Bank has a 52 week low of $17.55 and a 52 week high of $26.23. The stock has a market capitalization of $191.69 million, a price-to-earnings ratio of 14.10 and a beta of 0.02. The company’s fifty day moving average is $25.50 and its two-hundred day moving average is $22.34. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.81 and a quick ratio of 0.81.

Isabella Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, December 16th were issued a dividend of $0.28 per share. The ex-dividend date was Monday, December 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.34%. Isabella Bank’s payout ratio is presently 61.20%.

Wall Street Analyst Weigh In

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

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.