Isabella Bank (OTCMKTS:ISBA) Issues Earnings Results

Isabella Bank (OTCMKTS:ISBA) announced its quarterly earnings results on Thursday. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.09), reports. Isabella Bank had a net margin of 16.57% and a return on equity of 8.32%. The firm had revenue of $16.71 million for the quarter, compared to analyst estimates of $19.05 million.

Isabella Bank Stock Down 1.1 %

Shares of ISBA stock traded down $0.20 during trading hours on Friday, reaching $18.00. 1,462 shares of the stock were exchanged, compared to its average volume of 2,636. The business’s fifty day moving average is $19.24 and its two-hundred day moving average is $20.23. The firm has a market capitalization of $135 million, a P/E ratio of 8.49 and a beta of -0.10. Isabella Bank has a 12-month low of $17.99 and a 12-month high of $24.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.81 and a quick ratio of 0.81.

Isabella Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 27th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $1.12 annualized dividend and a yield of 6.22%. Isabella Bank’s dividend payout ratio (DPR) is 52.83%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler assumed coverage on Isabella Bank in a research report on Thursday, April 11th. They issued a “neutral” rating and a $20.00 target price on the stock.

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.