Isabella Bank (OTCMKTS:ISBA) Shares Pass Above 50 Day Moving Average - Here's Why

Isabella Bank Co. (OTCMKTS:ISBA - Get Free Report) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $23.96 and traded as high as $26.75. Isabella Bank shares last traded at $26.75, with a volume of 2,880 shares traded.

Analyst Ratings Changes

Separately, Piper Sandler lifted their price target on shares of Isabella Bank from $26.50 to $28.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd.

Isabella Bank Stock Performance

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 market capitalization of $193.61 million, a P/E ratio of 14.06 and a beta of 0.04. The business has a fifty day moving average price of $24.05 and a 200-day moving average price of $24.49.

Isabella Bank (OTCMKTS:ISBA - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.05. Isabella Bank had a net margin of 13.28% and a return on equity of 7.34%. The firm had revenue of $18.05 million for the quarter, compared to the consensus estimate of $18.50 million. On average, sell-side analysts expect that Isabella Bank Co. will post 2.25 EPS for the current year.

Isabella Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 4.28%. The ex-dividend date was Thursday, March 27th. Isabella Bank's payout ratio is currently 56.85%.

Isabella Bank declared that its board has authorized a share repurchase plan on Thursday, May 1st that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

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.