Isabella Bank (OTCMKTS:ISBA) Issues Quarterly Earnings Results

Isabella Bank (OTCMKTS:ISBA) issued its quarterly earnings results on Thursday. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.09), reports. Isabella Bank had a return on equity of 8.32% and a net margin of 16.57%. The business had revenue of $16.71 million for the quarter, compared to the consensus estimate of $19.05 million.

Isabella Bank Price Performance

OTCMKTS:ISBA traded down $0.20 on Friday, hitting $18.00. The company had a trading volume of 1,462 shares, compared to its average volume of 2,636. The firm has a 50 day moving average of $19.24 and a two-hundred day moving average of $20.23. The stock has a market capitalization of $135 million, a price-to-earnings ratio of 8.49 and a beta of -0.10. Isabella Bank has a 52 week low of $17.99 and a 52 week high of $24.00. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.57.

Isabella Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Wednesday, March 27th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $1.12 annualized dividend and a dividend yield of 6.22%. Isabella Bank’s dividend payout ratio is 52.83%.

Analysts Set New Price Targets

Separately, Piper Sandler assumed coverage on shares of Isabella Bank in a research note on Thursday, April 11th. They issued a “neutral” rating and a $20.00 price target on the stock.

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.