Isabella Bank Co. (OTCMKTS:ISBA - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $29.45 and traded as high as $33.98. Isabella Bank shares last traded at $28.59, with a volume of 11,391 shares.
Isabella Bank Stock Up 3.2%
The business has a 50 day moving average of $29.50 and a 200 day moving average of $26.38. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $217.80 million, a price-to-earnings ratio of 15.86 and a beta of 0.10.
Isabella Bank (OTCMKTS:ISBA - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.05. Isabella Bank had a return on equity of 7.34% and a net margin of 13.28%. The firm had revenue of $18.05 million during the quarter, compared to analyst estimates of $18.50 million. On average, equities analysts anticipate 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, June 30th. Investors of record on Thursday, June 26th were given a $0.28 dividend. The ex-dividend date was Thursday, June 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.80%. Isabella Bank's payout ratio is 56.85%.
Isabella Bank announced that its Board of Directors has approved a share buyback program on Thursday, May 1st that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.
Insider Buying and Selling
In related news, Treasurer Michael P. Prisby sold 1,000 shares of Isabella Bank stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $27.89, for a total value of $27,890.00. Following the completion of the sale, the treasurer directly owned 18,658 shares in the company, valued at $520,371.62. This trade represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 391 shares of company stock valued at $10,712 in the last three months. 9.70% of the stock is owned by company insiders.
Isabella Bank Company Profile
(
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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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