Isabella Bank (NASDAQ:ISBA) Issues Earnings Results, Beats Estimates By $0.03 EPS

Key Points

• Isabella Bank beat earnings expectations, reporting quarterly EPS of $0.95 versus the $0.92 consensus estimate. The company posted a 16.78% net margin and 8.48% return on equity.
• The bank declared a quarterly dividend of $0.28, equivalent to $1.12 annually and a 2.8% yield, with a 41.18% payout ratio.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating and a $43 target price, while shares recently traded at $39.46.

Isabella Bank (NASDAQ:ISBA - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.03, Zacks reports. Isabella Bank had a net margin of 16.78% and a return on equity of 8.48%.

Isabella Bank Stock Performance

NASDAQ ISBA traded up $0.10 on Thursday, reaching $39.46. The stock had a trading volume of 6,688 shares, compared to its average volume of 44,427. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a fifty day moving average of $38.39 and a two-hundred day moving average of $42.82. Isabella Bank has a 1-year low of $34.09 and a 1-year high of $58.83. The company has a market cap of $301.05 million, a P/E ratio of 14.51 and a beta of 0.06.

Isabella Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were paid a $0.28 dividend. The ex-dividend date was Monday, September 28th. This represents a $1.12 annualized dividend and a yield of 2.8%. Isabella Bank's payout ratio is 41.18%.

Analyst Ratings Changes

A number of equities analysts have commented on ISBA shares. Zacks Research raised shares of Isabella Bank from a "strong sell" rating to a "hold" rating in a research report on Thursday, September 24th. Weiss Ratings restated a "buy (b-)" rating on shares of Isabella Bank in a research note on Friday, September 25th. Finally, Piper Sandler reduced their target price on shares of Isabella Bank from $47.00 to $43.00 and set a "neutral" rating for the company in a report on Monday, July 27th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $43.00.

About Isabella Bank

Isabella Bank Corporation is the bank holding company for Isabella Bank, a community banking institution headquartered in Mount Pleasant, Michigan. Founded in 1903, the bank serves individuals, families, businesses and community organizations primarily across central Michigan.

Isabella Bank provides a range of personal and business banking products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate financing and other business lending.

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