Isabella Bank Co. (OTCMKTS:ISBA) Short Interest Up 400.0% in April

Isabella Bank Co. (OTCMKTS:ISBA - Get Free Report) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 500 shares, an increase of 400.0% from the March 31st total of 100 shares. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Isabella Bank Stock Performance

ISBA stock opened at $26.00 on Friday. The stock's 50 day simple moving average is $23.82 and its 200 day simple moving average is $24.23. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. Isabella Bank has a 12-month low of $17.55 and a 12-month high of $26.35. The stock has a market capitalization of $192.50 million, a PE ratio of 13.98 and a beta of 0.06.

Isabella Bank (OTCMKTS:ISBA - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.05. Isabella Bank had a net margin of 13.28% and a return on equity of 7.34%. The firm had revenue of $18.05 million during the quarter, compared to analyst estimates of $18.50 million. As a group, research analysts forecast that Isabella Bank will post 2.25 earnings per share for the current fiscal year.

Isabella Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.31%. Isabella Bank's dividend payout ratio (DPR) is presently 56.85%.

Analyst Ratings Changes

Separately, Piper Sandler boosted their price target on shares of Isabella Bank from $26.50 to $28.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd.

About Isabella Bank

Isabella Bank Corporation operates as the bank holding company for Isabella Bank that provides various banking products and services to businesses, institutions, and individuals and their families. Its deposit products include checking accounts, savings accounts, certificates of deposit, direct deposits, and money market accounts.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.