Isabella Bank Co. (OTCMKTS:ISBA) Short Interest Up 400.0% in April

Isabella Bank Co. (OTCMKTS:ISBA - Get Free Report) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 500 shares, a growth of 400.0% from the March 31st total of 100 shares. Based on an average daily trading volume, of 3,900 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company's stock are sold short.

Analysts Set New Price Targets

Separately, Piper Sandler lifted 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.

Isabella Bank Stock Up 2.9 %

Shares of OTCMKTS ISBA traded up $0.75 during trading hours on Friday, hitting $26.75. The stock had a trading volume of 2,880 shares, compared to its average volume of 1,788. The firm's 50-day moving average price is $23.92 and its two-hundred day moving average price is $24.35. Isabella Bank has a 52 week low of $17.55 and a 52 week high of $26.75. The company has a market capitalization of $198.06 million, a P/E ratio of 14.38 and a beta of 0.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.81.

Isabella Bank (OTCMKTS:ISBA - Get Free Report) last posted its earnings results on Thursday, April 17th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. Isabella Bank had a net margin of 13.28% and a return on equity of 7.34%. The company had revenue of $18.05 million during the quarter, compared to the consensus estimate of $18.50 million. Analysts anticipate that Isabella Bank will post 2.25 EPS for the current fiscal year.

Isabella Bank declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 1st that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

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 given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend was Thursday, March 27th. Isabella Bank's payout ratio is 56.85%.

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.