Isabella Bank (OTCMKTS:ISBA) Share Price Crosses Above 50-Day Moving Average - Here's Why

Isabella Bank Co. (OTCMKTS:ISBA - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $20.75 and traded as high as $22.55. Isabella Bank shares last traded at $22.55, with a volume of 10,585 shares.

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their price target on shares of Isabella Bank from $22.00 to $24.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th.

Isabella Bank Stock Up 1.6 %

The firm has a 50 day moving average price of $20.89 and a two-hundred day moving average price of $19.51. The firm has a market capitalization of $170.52 million, a price-to-earnings ratio of 12.52 and a beta of -0.03. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59.

Isabella Bank (OTCMKTS:ISBA - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.16. Isabella Bank had a net margin of 13.43% and a return on equity of 7.42%. The firm had revenue of $18.02 million during the quarter, compared to analysts' expectations of $17.50 million. On average, equities analysts expect that Isabella Bank Co. will post 1.99 earnings per share for the current fiscal year.

Isabella Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 4.89%. Isabella Bank's dividend payout ratio is currently 61.20%.

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.