Isabella Bank (OTCMKTS:ISBA) Stock Passes Above 50-Day Moving Average - What's Next?

Key Points

• Isabella Bank's stock price crossed above its fifty-day moving average, reaching a high of $32.45, compared to a moving average of $31.25.
• Piper Sandler has lowered its price target for Isabella Bank from $37.50 to $34.00, maintaining a "neutral" rating on the shares.
• The bank recently declared a quarterly dividend of $0.28 per share and announced a share buyback program, indicating confidence in its stock value.

Isabella Bank Co. (OTCMKTS:ISBA - Get Free Report)'s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $31.25 and traded as high as $32.45. Isabella Bank shares last traded at $32.45, with a volume of 6,931 shares.

Analyst Upgrades and Downgrades

Separately, Piper Sandler cut their target price on Isabella Bank from $37.50 to $34.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 29th.

Isabella Bank Trading Up 0.1%

The business's 50-day simple moving average is $31.25 and its 200-day simple moving average is $27.15. The company has a market cap of $239.73 million, a PE ratio of 17.46 and a beta of 0.11. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45.

Isabella Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, June 26th. Isabella Bank's dividend payout ratio (DPR) is currently 51.14%.

Isabella Bank declared that its Board of Directors has authorized a share buyback program on Thursday, May 1st that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at Isabella Bank

In other Isabella Bank news, Treasurer Michael P. Prisby sold 1,000 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were 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 approximately $520,371.62. This represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have purchased 400 shares of company stock worth $11,000 over the last ninety days. Insiders own 9.70% of the company's stock.

Isabella Bank Company Profile

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.