Isabella Bank (OTCMKTS:ISBA) Announces Earnings Results

by · The Cerbat Gem

Isabella Bank (OTCMKTS:ISBA – Get Free Report) issued its earnings results on Thursday. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.08, Zacks reports. Isabella Bank had a net margin of 13.28% and a return on equity of 7.34%.

Isabella Bank Stock Up 0.2 %

Shares of OTCMKTS:ISBA traded up $0.05 during trading hours on Thursday, hitting $24.50. The company’s stock had a trading volume of 3,293 shares, compared to its average volume of 1,690. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s fifty day moving average price is $23.82 and its 200 day moving average price is $24.04. Isabella Bank has a 52 week low of $17.55 and a 52 week high of $26.23. The company has a market capitalization of $181.40 million, a price-to-earnings ratio of 13.17 and a beta of 0.06.

Isabella Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.57%. The ex-dividend date was Thursday, March 27th. Isabella Bank’s payout ratio is 60.22%.

Analyst Ratings Changes

Separately, Piper Sandler upped their price objective on Isabella Bank from $26.50 to $28.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd.

Check Out Our Latest Stock Report on ISBA

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.

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