Isabella Bank (NASDAQ:ISBA) Rating Lowered to Hold at Zacks Research

Isabella Bank (NASDAQ:ISBA) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other analysts have also issued reports on the company. Piper Sandler boosted their price target on Isabella Bank from $34.00 to $38.50 and gave the company a “neutral” rating in a report on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Isabella Bank in a report on Monday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Isabella Bank presently has a consensus rating of “Hold” and an average target price of $38.50.

Isabella Bank Stock Down 1.4%

Shares of Isabella Bank stock opened at $50.28 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $44.25. Isabella Bank has a 52 week low of $21.50 and a 52 week high of $58.83. The company has a market cap of $369.06 million, a P/E ratio of 20.44 and a beta of 0.11.

Isabella Bank (NASDAQ:ISBA) last released its earnings results on Monday, October 27th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.11. The business had revenue of $20.47 million during the quarter, compared to the consensus estimate of $19.60 million. Isabella Bank had a return on equity of 8.01% and a net margin of 16.65%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ISBA. Bank of America Corp DE boosted its stake in Isabella Bank by 2,617.7% in the third quarter. Bank of America Corp DE now owns 1,685 shares of the company’s stock valued at $59,000 after acquiring an additional 1,623 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Isabella Bank during the 2nd quarter valued at $77,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Isabella Bank in the 3rd quarter worth $215,000. Susquehanna International Group LLP acquired a new stake in shares of Isabella Bank in the 3rd quarter worth $217,000. Finally, FourThought Financial Partners LLC acquired a new position in Isabella Bank during the 2nd quarter valued at about $247,000.

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.