Isabella Bank Co. Plans Quarterly Dividend of $0.28 (OTCMKTS:ISBA)

Isabella Bank Co. (OTCMKTS:ISBA) announced a quarterly dividend on Wednesday, August 28th, NASDAQ reports. Investors of record on Thursday, September 26th will be paid a dividend of 0.28 per share on Monday, September 30th. This represents a $1.12 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend is Thursday, September 26th.

Isabella Bank Stock Performance

Shares of ISBA opened at $20.40 on Tuesday. Isabella Bank has a one year low of $17.55 and a one year high of $23.00. The company has a 50-day simple moving average of $19.47 and a two-hundred day simple moving average of $18.89. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $152.49 million, a PE ratio of 9.62 and a beta of -0.05.

Isabella Bank (OTCMKTS:ISBA) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. The company had revenue of $25.70 million for the quarter, compared to analyst estimates of $17.00 million. Isabella Bank had a return on equity of 7.50% and a net margin of 14.98%. On average, analysts anticipate that Isabella Bank will post 1.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their price target on shares of Isabella Bank from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st.

Isabella Bank Company Profile

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.