Isabella Bank (OTCMKTS:ISBA) Shares Pass Above Fifty Day Moving Average - Time to Sell?

Key Points

• Isabella Bank's stock price has recently crossed above its 50-day moving average, reaching a high of $33.50 before settling at $32.50.
• The bank declared a quarterly dividend of $0.28 per share, which results in an annualized yield of 3.45% and a payout ratio of 56.85%.
• The company's board has also approved a share buyback plan, indicating that leadership believes the shares are undervalued.

Isabella Bank Co. (OTCMKTS:ISBA - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $30.79 and traded as high as $33.50. Isabella Bank shares last traded at $32.50, with a volume of 15,092 shares changing hands.

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 stock has a fifty day simple moving average of $30.89 and a 200 day simple moving average of $26.92. The firm has a market capitalization of $239.95 million, a P/E ratio of 17.47 and a beta of 0.10.

Isabella Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were issued a dividend of $0.28 per share. The ex-dividend date was Thursday, June 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.45%. Isabella Bank's dividend payout ratio is presently 56.85%.

Isabella Bank announced that its board has approved a share buyback plan on Thursday, May 1st that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other Isabella Bank news, Treasurer Michael P. Prisby sold 1,000 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $27.89, for a total transaction of $27,890.00. Following the sale, the treasurer directly owned 18,658 shares of the company's stock, valued at $520,371.62. This trade represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 400 shares of company stock worth $11,000 over the last quarter. 1.45% of the stock is owned by company insiders.

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.

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