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

Key Points

• Isabella Bank's stock price has surpassed its 50-day moving average, trading at $33.71, which indicates a potential upward momentum in the stock.
• Piper Sandler has downgraded Isabella Bank's target price from $37.50 to $34.00, reflecting a "neutral" rating, as the company currently holds a consensus rating of "Hold."
• The bank has a market capitalization of $248.11 million, a PE ratio of 18.12, and a beta of 0.11, indicating relatively low volatility compared to the market.

Isabella Bank Co. (OTCMKTS:ISBA - Get Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $31.90 and traded as high as $33.71. Isabella Bank shares last traded at $33.71, with a volume of 9,558 shares changing hands.

Analyst Ratings Changes

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

Isabella Bank Stock Down 0.7%

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 market capitalization of $242.14 million, a price-to-earnings ratio of 17.69 and a beta of 0.11. The stock has a fifty day moving average of $31.82 and a 200-day moving average of $28.22.

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.