Isabella Bank Corporation (NASDAQ:ISBA) to Issue $0.28 Quarterly Dividend

Isabella Bank Corporation (NASDAQ:ISBA) declared a quarterly dividend on Thursday, May 28th. Investors of record on Friday, June 26th will be given a dividend of 0.28 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, June 26th.

Isabella Bank Price Performance

Isabella Bank stock opened at $41.13 on Friday. The stock has a market cap of $301.48 million and a price-to-earnings ratio of 15.18. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $44.25 and a 200 day simple moving average of $46.83. Isabella Bank has a 52 week low of $27.00 and a 52 week high of $58.83.

Isabella Bank (NASDAQ:ISBA) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.10). Isabella Bank had a net margin of 17.30% and a return on equity of 8.33%. The business had revenue of $21.41 million during the quarter, compared to analysts’ expectations of $21.70 million. On average, research analysts forecast that Isabella Bank will post 3.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Zacks Research downgraded shares of Isabella Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Piper Sandler lowered their price target on shares of Isabella Bank from $54.00 to $47.00 and set a “neutral” rating for the company in a research note on Monday, April 27th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $47.00.

Isabella Bank Company Profile

Isabella Bank (NASDAQ: ISBA) is a community bank headquartered in Mount Pleasant, Michigan, serving individuals and businesses across mid-Michigan. The bank delivers a broad array of financial products, including checking and savings accounts, money market accounts, certificates of deposit, and online and mobile banking platforms designed to meet everyday banking needs.

On the commercial side, Isabella Bank offers business lending solutions such as lines of credit, term loans, and equipment financing, alongside treasury management, merchant services, and payroll processing to help companies manage cash flow and streamline operations.