Piper Sandler Issues Pessimistic Forecast for Isabella Bank (NASDAQ:ISBA) Stock Price

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 lowered by Piper Sandler from $37.50 to $34.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Separately, Wall Street Zen raised Isabella Bank to a "hold" rating in a research report on Tuesday, July 29th.

Isabella Bank Stock Up 5.2%

Shares of ISBA traded up $1.61 during mid-day trading on Tuesday, hitting $32.45. The company's stock had a trading volume of 6,931 shares, compared to its average volume of 9,981. The stock has a market capitalization of $239.48 million, a price-to-earnings ratio of 14.42 and a beta of 0.11. Isabella Bank has a one year low of $17.55 and a one year high of $44.99. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.36.

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.