Isabella Bank Co. (OTCMKTS:ISBA) Sees Significant Growth in Short Interest

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

Analyst Ratings Changes

Separately, Piper Sandler raised their target price on Isabella Bank from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th.

Isabella Bank Trading Down 0.0 %

Isabella Bank stock traded down $0.01 during trading hours on Wednesday, reaching $25.79. The company had a trading volume of 2,435 shares, compared to its average volume of 922. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.81 and a quick ratio of 0.81. Isabella Bank has a 12-month low of $17.55 and a 12-month high of $26.23. The company has a 50-day moving average price of $25.46 and a 200 day moving average price of $22.29. The firm has a market cap of $191.62 million, a price-to-earnings ratio of 14.09 and a beta of 0.02.

Isabella Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, December 16th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.12 dividend on an annualized basis and a yield of 4.34%. Isabella Bank’s dividend payout ratio is presently 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.