Isabella Bank (ISBA) Projected to Post Quarterly Earnings on Thursday

Isabella Bank (OTCMKTS:ISBA - Get Free Report) is expected to release its earnings data before the market opens on Thursday, July 24th. Analysts expect Isabella Bank to post earnings of $0.55 per share and revenue of $18.60 million for the quarter.

Isabella Bank (OTCMKTS:ISBA - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.05. The company had revenue of $18.05 million for the quarter, compared to analyst estimates of $18.50 million. Isabella Bank had a return on equity of 7.34% and a net margin of 13.28%. On average, analysts expect Isabella Bank to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Isabella Bank Trading Up 1.0%

Shares of ISBA traded up $0.30 during trading hours on Friday, hitting $31.27. The stock had a trading volume of 5,729 shares, compared to its average volume of 8,946. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $230.87 million, a P/E ratio of 16.81 and a beta of 0.10. The company's fifty day simple moving average is $30.49 and its 200 day simple moving average is $26.75. Isabella Bank has a 12-month low of $17.55 and a 12-month high of $44.99.

Isabella Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.58%. Isabella Bank's dividend payout ratio is currently 56.85%.

Isabella Bank declared that its Board of Directors has initiated a stock buyback program on Thursday, May 1st that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In related news, Treasurer Michael P. Prisby sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $27.89, for a total transaction of $27,890.00. Following the sale, the treasurer owned 18,658 shares of the company's stock, valued at $520,371.62. The trade was a 5.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased a total of 400 shares of company stock worth $11,000 over the last quarter. 9.70% of the stock is owned by insiders.

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.