Shares of Isabella Bank Co. (OTCMKTS:ISBA - Get Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $27.29 and traded as high as $37.77. Isabella Bank shares last traded at $35.02, with a volume of 45,743 shares.
Isabella Bank Trading Down 1.5%
The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.45. The firm has a market cap of $283.65 million, a PE ratio of 20.66 and a beta of 0.07. The stock's fifty day simple moving average is $28.21 and its two-hundred day simple moving average is $25.92.
Isabella Bank (OTCMKTS:ISBA - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. Isabella Bank had a return on equity of 7.34% and a net margin of 13.28%. The company had revenue of $18.05 million for the quarter, compared to analysts' expectations of $18.50 million. On average, sell-side analysts forecast that Isabella Bank Co. will post 2.25 EPS for the current fiscal year.
Isabella Bank Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 26th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Thursday, June 26th. Isabella Bank's payout ratio is presently 56.85%.
Isabella Bank announced that its Board of Directors has initiated a share 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. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.
Insider Transactions at Isabella Bank
In related news, Treasurer Michael P. Prisby sold 1,000 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $27.89, for a total value of $27,890.00. Following the completion of the sale, the treasurer now directly owns 18,658 shares in the company, valued at $520,371.62. This trade represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have purchased 391 shares of company stock valued at $10,712. 1.45% of the stock is currently owned by corporate insiders.
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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