Isabella Bank (OTCMKTS:ISBA) Share Price Passes Above 50 Day Moving Average - Here's What Happened

Key Points

• Isabella Bank's share price crossed above its fifty-day moving average, reaching a high of $32.25 before trading last at $32.12 on a volume of 7,931 shares.
• Piper Sandler downgraded Isabella Bank's price target to $34.00 from $37.50, with a current consensus rating of "Hold" from analysts.
• The bank has a market capitalization of $236.40 million and a price-to-earnings ratio of 17.27.

Isabella Bank Co. (OTCMKTS:ISBA - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $31.85 and traded as high as $32.25. Isabella Bank shares last traded at $32.12, with a volume of 7,931 shares changing hands.

Analysts Set New Price Targets

Separately, Piper Sandler decreased their price objective on Isabella Bank from $37.50 to $34.00 and set a "neutral" rating on the stock in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Isabella Bank presently has a consensus rating of "Hold" and an average target price of $34.00.

Isabella Bank Stock Up 0.1%

The firm has a market capitalization of $236.40 million, a price-to-earnings ratio of 17.27 and a beta of 0.11. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average price of $31.85 and a 200 day moving average price of $28.45.

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.

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