Weiss Ratings Reiterates "Buy (B-)" Rating for Isabella Bank (NASDAQ:ISBA)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B-)" rating for Isabella Bank (NASDAQ:ISBA), indicating confidence in the stock's performance.
• Isabella Bank's stock currently has a consensus price target of $34.00, with an average rating categorized as "Moderate Buy."
• Institutional investors have recently been active, with significant purchases made by firms like Atlantic Union Bankshares Corp and Geode Capital Management LLC during the second quarter.

Isabella Bank (NASDAQ:ISBA - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by equities research analysts at Weiss Ratings in a report issued on Tuesday,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen upgraded shares of Isabella Bank to a "hold" rating in a report on Tuesday, July 29th. Piper Sandler lowered their target price on shares of Isabella Bank from $37.50 to $34.00 and set a "neutral" rating for the company in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $34.00.

Isabella Bank Stock Performance

Shares of NASDAQ:ISBA traded down $0.69 on Tuesday, reaching $35.77. The company's stock had a trading volume of 1,465 shares, compared to its average volume of 10,149. Isabella Bank has a 52-week low of $20.10 and a 52-week high of $44.99. The company has a market cap of $263.27 million, a P/E ratio of 16.33 and a beta of 0.12. The business has a 50-day moving average price of $33.63. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.33.

Isabella Bank (NASDAQ:ISBA - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.58 EPS for the quarter. Isabella Bank had a net margin of 15.18% and a return on equity of 7.83%. The business had revenue of $17.94 million during the quarter.

Insider Activity at Isabella Bank

In other news, Director Jae A. Evans sold 2,976 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $31.30, for a total value of $93,148.80. Following the completion of the sale, the director owned 29,615 shares in the company, valued at approximately $926,949.50. The trade was a 9.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.45% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ISBA. Atlantic Union Bankshares Corp purchased a new position in shares of Isabella Bank in the 2nd quarter worth approximately $77,000. FourThought Financial Partners LLC purchased a new stake in Isabella Bank during the 2nd quarter worth approximately $247,000. Finally, Geode Capital Management LLC purchased a new stake in Isabella Bank during the 2nd quarter worth approximately $1,501,000.

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.

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