Isabella Bank Co. (OTCMKTS:ISBA) Short Interest Update

Isabella Bank Co. (OTCMKTS:ISBA) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 200 shares, a growth of 100.0% from the December 15th total of 100 shares. Based on an average trading volume of 3,300 shares, the short-interest ratio is presently 0.1 days.

Isabella Bank Stock Performance

Shares of ISBA traded down $0.27 during trading hours on Thursday, hitting $25.50. The company’s stock had a trading volume of 5,550 shares, compared to its average volume of 1,551. The company has a market cap of $189.47 million, a price-to-earnings ratio of 13.93 and a beta of 0.02. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50 day simple moving average of $25.06 and a two-hundred day simple moving average of $21.81. Isabella Bank has a 52-week low of $17.55 and a 52-week high of $26.23.

Isabella Bank (OTCMKTS:ISBA) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.16. Isabella Bank had a return on equity of 7.32% and a net margin of 13.43%. The company had revenue of $18.02 million for the quarter, compared to analyst estimates of $17.50 million. On average, equities analysts expect that Isabella Bank will post 1.99 earnings per share for the current fiscal year.

Isabella Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, December 16th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 4.39%. The ex-dividend date was Monday, December 16th. Isabella Bank’s dividend payout ratio is currently 61.20%.

Wall Street Analyst Weigh In

Separately, Piper Sandler raised their price objective on shares of Isabella Bank from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th.

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.