Isabella Bank (NASDAQ:ISBA) Stock Bumped Up to Strong-Buy by Zacks Research

Isabella Bank (NASDAQ:ISBA) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday, Zacks reports.

Other equities analysts have also issued research reports about the company. Piper Sandler upgraded Isabella Bank from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $43.00 to $50.00 in a research note on Wednesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Isabella Bank in a research note on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $50.00.

Isabella Bank Trading Down 3.0%

NASDAQ ISBA opened at $40.63 on Wednesday. The company has a fifty day simple moving average of $38.51 and a two-hundred day simple moving average of $42.56. The stock has a market cap of $310.82 million, a P/E ratio of 14.15 and a beta of 0.05. Isabella Bank has a 12-month low of $35.51 and a 12-month high of $58.83. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.12.

Isabella Bank (NASDAQ:ISBA) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). The company had revenue of $24.17 million for the quarter, compared to analyst estimates of $23.90 million. Isabella Bank had a return on equity of 9.16% and a net margin of 17.50%. On average, analysts forecast that Isabella Bank will post 3.24 earnings per share for the current year.

Hedge Funds Weigh In On Isabella Bank

A number of institutional investors have recently bought and sold shares of ISBA. BlackRock Inc. acquired a new stake in Isabella Bank during the 2nd quarter valued at approximately $18,464,000. Bank of New York Mellon Corp purchased a new stake in shares of Isabella Bank in the 2nd quarter valued at $663,000. Bank of America Corp DE acquired a new stake in shares of Isabella Bank in the second quarter worth $417,000. Dimensional Fund Advisors LP acquired a new stake in shares of Isabella Bank in the first quarter worth $403,000. Finally, Gradient Investments LLC acquired a new stake in shares of Isabella Bank in the second quarter worth $337,000.

Isabella Bank Company Profile

Isabella Bank Corporation is the bank holding company for Isabella Bank, a community banking institution headquartered in Mount Pleasant, Michigan. Founded in 1903, the bank serves individuals, families, businesses and community organizations primarily across central Michigan.

Isabella Bank provides a range of personal and business banking products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate financing and other business lending.