Isabella Bank Co. (OTCMKTS:ISBA) Sees Significant Growth in Short Interest

Isabella Bank Co. (OTCMKTS:ISBA - Get Free Report) saw 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 short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lifted their target price on shares of 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 Price Performance

ISBA traded up $0.75 on Thursday, hitting $26.75. 2,880 shares of the company's stock were exchanged, compared to its average volume of 1,788. The firm has a 50-day moving average price of $23.89 and a 200-day moving average price of $24.31. The stock has a market cap of $198.06 million, a price-to-earnings ratio of 14.38 and a beta of 0.06. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. Isabella Bank has a fifty-two week low of $17.55 and a fifty-two week high of $26.75.

Isabella Bank (OTCMKTS:ISBA - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05. The company had revenue of $18.05 million during the quarter, compared to analysts' expectations of $18.50 million. Isabella Bank had a net margin of 13.28% and a return on equity of 7.34%. As a group, equities analysts anticipate that Isabella Bank will post 2.25 earnings per share for the current year.

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 $0.28 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.12 dividend on an annualized basis and a yield of 4.19%. Isabella Bank's dividend payout ratio is currently 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.