Isabella Bank (NASDAQ:ISBA) Announces Earnings Results

Isabella Bank (NASDAQ:ISBA) released its earnings results on Thursday. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.10), FiscalAI reports. Isabella Bank had a return on equity of 8.17% and a net margin of 16.88%.The firm had revenue of $21.41 million for the quarter, compared to the consensus estimate of $21.70 million.

Isabella Bank Trading Down 2.9%

Shares of ISBA stock traded down $1.36 on Thursday, reaching $45.10. The company had a trading volume of 20,315 shares, compared to its average volume of 27,903. The stock has a market cap of $330.55 million, a PE ratio of 17.62 and a beta of 0.12. The company has a 50-day moving average of $47.30 and a 200-day moving average of $45.89. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. Isabella Bank has a 12 month low of $24.68 and a 12 month high of $58.83.

Isabella Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 27th were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.5%. Isabella Bank’s dividend payout ratio is 43.75%.

Analysts Set New Price Targets

A number of brokerages recently commented on ISBA. Weiss Ratings reiterated a “buy (b-)” rating on shares of Isabella Bank in a research report on Monday, December 29th. Zacks Research raised shares of Isabella Bank from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $38.50.

Institutional Investors Weigh In On Isabella Bank

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of 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 buying an additional 132,551 shares in the last quarter. Geode Capital Management LLC bought a new position in Isabella Bank during the second quarter worth about $1,501,000. Marshall Wace LLP acquired a new position in Isabella Bank in the fourth quarter valued at about $1,186,000. Goldman Sachs Group Inc. bought a new stake in shares of Isabella Bank in the fourth quarter worth about $994,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Isabella Bank during the third quarter worth about $630,000.

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.