Isabella Bank (NASDAQ:ISBA) Releases Quarterly Earnings Results

Isabella Bank (NASDAQ:ISBA) released its quarterly earnings data on Thursday. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate 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 Down 0.9%

ISBA stock traded down $0.36 during midday trading on Thursday, reaching $38.13. The company had a trading volume of 41,114 shares, compared to its average volume of 39,882. The company has a 50 day moving average of $40.82 and a two-hundred day moving average of $45.08. The company has a market capitalization of $279.49 million, a P/E ratio of 14.07 and a beta of 0.01. Isabella Bank has a 1 year low of $29.00 and a 1 year high of $58.83. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13.

Isabella Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 26th were given a $0.28 dividend. 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 presently 41.33%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ISBA. Bank of America Corp DE lifted its holdings in shares of Isabella Bank by 2,617.7% during the 3rd 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 last quarter. Barclays PLC acquired a new position in Isabella Bank in the fourth quarter worth approximately $168,000. Integrated Wealth Concepts LLC bought a new position in shares of Isabella Bank during the 3rd quarter valued at $215,000. Susquehanna International Group LLP acquired a new stake in shares of Isabella Bank in the 3rd quarter valued at $217,000. Finally, Jane Street Group LLC bought a new stake in Isabella Bank in the fourth quarter worth $420,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ISBA shares. 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 report on Monday, April 27th. Zacks Research cut Isabella Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Isabella Bank in a report on Tuesday, June 30th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $47.00.

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.