Isabella Bank (OTCMKTS:ISBA) Stock Passes Above Fifty Day Moving Average - Here's Why

Key Points

• Isabella Bank's shares crossed above their 50-day moving average of $31.90, trading at $33.71, with a volume of 9,558 shares.
• Analysts from Piper Sandler have decreased Isabella Bank's price target from $37.50 to $34.00 and assigned a "neutral" rating.
• The bank holds a market capitalization of $248.11 million, with a P/E ratio of 18.12 and a quick ratio of 0.81.

Isabella Bank Co. (OTCMKTS:ISBA - Get Free Report) crossed 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.

Wall Street Analysts Forecast Growth

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

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's 50 day moving average price is $31.82 and its 200 day moving average price is $28.22. The company has a market cap of $242.14 million, a price-to-earnings ratio of 17.69 and a beta of 0.11.

About Isabella Bank

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.