Isabella Bank (NASDAQ:ISBA) Issues Quarterly Earnings Results

Isabella Bank (NASDAQ:ISBA) posted its earnings results on Thursday. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06), FiscalAI reports. The company had revenue of $24.17 million for the quarter, compared to analyst estimates of $23.90 million. Isabella Bank had a return on equity of 8.48% and a net margin of 16.78%.

Isabella Bank Stock Performance

Shares of Isabella Bank stock opened at $40.82 on Tuesday. The stock has a market cap of $311.46 million, a price-to-earnings ratio of 14.47 and a beta of 0.06. Isabella Bank has a twelve month low of $35.39 and a twelve month high of $58.83. The company’s fifty day moving average is $38.41 and its 200 day moving average is $42.69. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.12.

Isabella Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were paid a $0.28 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a $1.12 annualized dividend and a dividend yield of 2.7%. Isabella Bank’s payout ratio is currently 39.02%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ISBA shares. Piper Sandler cut their target price on Isabella Bank from $47.00 to $43.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. Zacks Research raised Isabella Bank from a “strong sell” rating to a “hold” rating in a report on Thursday, September 24th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Isabella Bank in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.00.

About Isabella Bank

Isabella Bank Corporation is the bank holding company for Isabella Bank, a community banking institution headquartered in Mount Pleasant, Michigan. Founded in 1903, the bank serves individuals, families, businesses and community organizations primarily across central Michigan.

Isabella Bank provides a range of personal and business banking products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate financing and other business lending.