Isabella Bank Corporation (NASDAQ:ISBA) Sees Large Growth in Short Interest

Isabella Bank Corporation (NASDAQ:ISBA) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 60,528 shares, an increase of 46.4% from the December 15th total of 41,351 shares. Based on an average daily trading volume, of 34,213 shares, the short-interest ratio is presently 1.8 days. Currently, 0.8% of the company’s shares are sold short. Currently, 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 34,213 shares, the short-interest ratio is presently 1.8 days.

Hedge Funds Weigh In On Isabella Bank

Large investors have recently modified their holdings of the stock. Atlantic Union Bankshares Corp acquired a new stake in Isabella Bank during the second quarter worth approximately $77,000. FourThought Financial Partners LLC acquired a new position in Isabella Bank in the 2nd quarter valued at $247,000. Vanguard Group Inc. lifted its position in shares of Isabella Bank by 116.9% during the 3rd quarter. Vanguard Group Inc. now owns 245,936 shares of the company’s stock valued at $8,669,000 after acquiring an additional 132,551 shares during the period. Geode Capital Management LLC acquired a new position in Isabella Bank in the second quarter valued at about $1,501,000. Finally, Citadel Advisors LLC bought a new stake in Isabella Bank during the third quarter worth about $630,000.

Isabella Bank Stock Performance

ISBA opened at $50.84 on Friday. Isabella Bank has a 52-week low of $21.50 and a 52-week high of $58.83. The company has a market capitalization of $372.91 million, a price-to-earnings ratio of 20.67 and a beta of 0.09. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock’s 50-day moving average is $47.38.

Isabella Bank (NASDAQ:ISBA) last posted its quarterly earnings results on Monday, October 27th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. Isabella Bank had a return on equity of 8.01% and a net margin of 16.65%.The firm had revenue of $20.47 million during the quarter, compared to the consensus estimate of $19.60 million.

Isabella Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Wednesday, December 17th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Wednesday, December 17th. Isabella Bank’s payout ratio is currently 45.53%.

Analyst Ratings Changes

Several research firms have weighed in on ISBA. Zacks Research cut Isabella Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Piper Sandler upped their target price on shares of Isabella Bank from $34.00 to $38.50 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Isabella Bank in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $38.50.

About Isabella Bank

Isabella Bank (NASDAQ: ISBA) is a community bank headquartered in Mount Pleasant, Michigan, serving individuals and businesses across mid-Michigan. The bank delivers a broad array of financial products, including checking and savings accounts, money market accounts, certificates of deposit, and online and mobile banking platforms designed to meet everyday banking needs.

On the commercial side, Isabella Bank offers business lending solutions such as lines of credit, term loans, and equipment financing, alongside treasury management, merchant services, and payroll processing to help companies manage cash flow and streamline operations.