Isabella Bank (OTCMKTS:ISBA) Share Price Crosses Above Fifty Day Moving Average - Time to Sell?

Isabella Bank Co. (OTCMKTS:ISBA - Get Free Report) shares 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 trading hands.

Isabella Bank Price Performance

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 company has a market capitalization of $288.01 million, a P/E ratio of 20.97 and a beta of 0.07. The firm's fifty day moving average is $27.29 and its 200 day moving average is $25.63.

Isabella Bank (OTCMKTS:ISBA - Get Free Report) last released its earnings results on Thursday, April 17th. The company reported $0.57 earnings per share for the quarter, topping 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 business had revenue of $18.05 million during the quarter, compared to the consensus estimate of $18.50 million. As a group, analysts predict that Isabella Bank Co. will post 2.25 earnings per share for the current fiscal year.

Isabella Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, June 26th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Thursday, June 26th. Isabella Bank's payout ratio is currently 56.85%.

Isabella Bank announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 1st that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Isabella Bank news, Treasurer Michael P. Prisby sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $27.89, for a total transaction of $27,890.00. Following the sale, the treasurer now owns 18,658 shares of the company's stock, valued at approximately $520,371.62. The trade was a 5.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have bought 391 shares of company stock valued at $10,712. 1.45% of the stock is currently 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.