Isabella Bank (NASDAQ:ISBA) Releases Quarterly Earnings Results, Misses Estimates By $0.23 EPS

Isabella Bank (NASDAQ:ISBA) announced its quarterly earnings results on Thursday. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.23), Zacks reports. Isabella Bank had a return on equity of 8.33% and a net margin of 17.30%.

Isabella Bank Stock Performance

Isabella Bank stock traded down $0.36 during midday trading on Thursday, reaching $38.13. 41,114 shares of the company traded hands, compared to its average volume of 39,882. Isabella Bank has a 12 month low of $29.00 and a 12 month high of $58.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50 day moving average of $40.82 and a two-hundred day moving average of $45.08. The firm has a market capitalization of $279.49 million, a price-to-earnings ratio of 14.07 and a beta of 0.01.

Isabella Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 26th were given a dividend of $0.28 per share. The ex-dividend date was Friday, June 26th. This represents a $1.12 dividend on an annualized basis and a yield of 2.9%. Isabella Bank’s dividend payout ratio is 41.33%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ISBA shares. Zacks Research lowered shares of Isabella Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Piper Sandler cut their target price on Isabella Bank from $54.00 to $47.00 and set a “neutral” rating on the stock in a research note on Monday, April 27th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Isabella Bank in a report on Tuesday, June 30th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Isabella Bank has a consensus rating of “Hold” and a consensus price target of $47.00.

Institutional Investors Weigh In On Isabella Bank

A number of large investors have recently made changes to their positions in ISBA. Bank of America Corp DE grew its position in Isabella Bank by 2,617.7% during the third quarter. Bank of America Corp DE now owns 1,685 shares of the company’s stock valued at $59,000 after buying an additional 1,623 shares during the period. Barclays PLC bought a new position in Isabella Bank in the fourth quarter worth approximately $168,000. Integrated Wealth Concepts LLC purchased a new position in shares of Isabella Bank during the 3rd quarter worth $215,000. Susquehanna International Group LLP purchased a new position in shares of Isabella Bank during the 3rd quarter worth $217,000. Finally, Jane Street Group LLC bought a new stake in shares of Isabella Bank during the 4th quarter valued at $420,000.

About Isabella Bank

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.