Shares of Isabella Bank Co. (OTCMKTS:ISBA - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty 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.
Analyst Upgrades and Downgrades
Separately, Piper Sandler lifted their price target on Isabella Bank from $26.50 to $28.00 and gave the company a "neutral" rating in a report on Monday, February 3rd.
Read Our Latest Analysis on Isabella Bank
Isabella Bank Price Performance
The company's 50-day simple moving average is $24.00 and its 200 day simple moving average is $24.46. The company has a market capitalization of $196.21 million, a P/E ratio of 14.25 and a beta of 0.04. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.45.
Isabella Bank (OTCMKTS:ISBA - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The company reported $0.57 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $18.50 million. As a group, sell-side analysts expect that Isabella Bank Co. will post 2.25 earnings per share for the current fiscal year.
Isabella Bank Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.12 annualized dividend and a yield of 4.23%. Isabella Bank's dividend payout ratio (DPR) is currently 56.85%.
Isabella Bank declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 1st that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.
About Isabella Bank
(
Get Free Report)
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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