Isabella Bank Corporation (NASDAQ:ISBA) Sees Significant Growth in Short Interest

Isabella Bank Corporation (NASDAQ:ISBA) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 87,059 shares, a growth of 43.8% from the December 31st total of 60,528 shares. Based on an average daily volume of 21,400 shares, the short-interest ratio is currently 4.1 days. Currently, 1.2% of the company’s shares are short sold. Currently, 1.2% of the company’s shares are short sold. Based on an average daily volume of 21,400 shares, the short-interest ratio is currently 4.1 days.

Isabella Bank Stock Down 0.9%

Shares of ISBA stock opened at $48.18 on Friday. The firm has a market capitalization of $353.64 million, a P/E ratio of 19.59 and a beta of 0.09. The company has a 50 day moving average of $49.15. Isabella Bank has a 52 week low of $21.50 and a 52 week high of $58.83. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82.

Isabella Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Wednesday, December 17th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, December 17th. Isabella Bank’s dividend payout ratio is currently 45.53%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Isabella Bank in a research report on Monday, December 29th. Zacks Research cut Isabella Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Piper Sandler increased their target price on Isabella Bank from $34.00 to $38.50 and gave the company a “neutral” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $38.50.

Hedge Funds Weigh In On Isabella Bank

A number of large investors have recently made changes to their positions in ISBA. Atlantic Union Bankshares Corp acquired a new position in Isabella Bank in the second quarter worth approximately $77,000. FourThought Financial Partners LLC bought a new position in Isabella Bank in the 2nd quarter worth approximately $247,000. Vanguard Group Inc. boosted its holdings in Isabella Bank by 116.9% in the 3rd quarter. Vanguard Group Inc. now owns 245,936 shares of the company’s stock valued at $8,669,000 after purchasing an additional 132,551 shares during the period. CWM LLC bought a new stake in shares of Isabella Bank during the fourth quarter valued at approximately $38,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Isabella Bank in the 3rd quarter valued at $217,000.

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.