Isabella Bank (OTCMKTS:ISBA) Releases Quarterly Earnings Results

Isabella Bank (OTCMKTS:ISBA - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.03, Zacks reports. Isabella Bank had a return on equity of 7.34% and a net margin of 13.28%.

Isabella Bank Stock Performance

Shares of ISBA stock traded down $0.40 during trading hours on Tuesday, hitting $25.40. 2,760 shares of the company were exchanged, compared to its average volume of 1,141. Isabella Bank has a 52-week low of $17.55 and a 52-week high of $26.23. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The firm has a fifty day simple moving average of $25.53 and a 200 day simple moving average of $22.47. The stock has a market capitalization of $188.72 million, a price-to-earnings ratio of 13.66 and a beta of 0.02.

Isabella Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, December 16th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend was Monday, December 16th. Isabella Bank's dividend payout ratio is currently 60.22%.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their target price on Isabella Bank from $26.50 to $28.00 and gave the stock a "neutral" rating in a report on Monday.

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.