Piper Sandler Cuts Isabella Bank (NASDAQ:ISBA) Price Target to $34.00

Key Points

• Piper Sandler has lowered its price target for ISABELLA BANK (NASDAQ: ISBA) from $37.50 to $34.00, maintaining a "neutral" rating on the stock.
• The new price target indicates a potential upside of 15.84% from the bank's previous close.
• Separately, Wall Street Zen has upgraded ISABELLA BANK to a "hold" rating, reflecting a shift in sentiment within the market.

Isabella Bank (NASDAQ:ISBA - Free Report) had its price target reduced by Piper Sandler from $37.50 to $34.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Separately, Wall Street Zen raised Isabella Bank to a "hold" rating in a research note on Tuesday.

Isabella Bank Stock Up 2.9%

Shares of NASDAQ ISBA traded up $0.86 during midday trading on Tuesday, hitting $30.84. The stock had a trading volume of 5,431 shares, compared to its average volume of 9,932. The stock has a market capitalization of $227.60 million, a P/E ratio of 14.08 and a beta of 0.10. Isabella Bank has a fifty-two week low of $17.55 and a fifty-two week high of $44.99. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.79 and a current ratio of 0.79.

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.