Isabella Bank (ISBA) Set to Announce Quarterly Earnings on Thursday

Isabella Bank (OTCMKTS:ISBA) is scheduled to be announcing its earnings results on Thursday, April 18th.

Isabella Bank (OTCMKTS:ISBA) last released its quarterly earnings data on Friday, February 16th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.18). The business had revenue of $17.13 million for the quarter, compared to analyst estimates of $20.80 million. Isabella Bank had a return on equity of 9.45% and a net margin of 19.44%. On average, analysts expect Isabella Bank to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Isabella Bank Stock Up 0.3 %

Shares of OTCMKTS:ISBA traded up $0.05 on Wednesday, hitting $18.25. 105 shares of the company’s stock were exchanged, compared to its average volume of 3,315. The company has a market capitalization of $136.88 million, a PE ratio of 7.60 and a beta of -0.10. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.81 and a current ratio of 0.81. Isabella Bank has a 1-year low of $18.05 and a 1-year high of $24.00. The firm’s 50-day moving average is $19.38 and its 200 day moving average is $20.28.

Isabella Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 27th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $1.12 dividend on an annualized basis and a yield of 6.14%. Isabella Bank’s payout ratio is 46.67%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler began coverage on Isabella Bank in a research note on Thursday, April 11th. They set a “neutral” rating and a $20.00 target price for the company.

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.