Isabella Bank (NASDAQ:ISBA) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Isabella Bank (NASDAQ:ISBA) released its quarterly earnings results on Thursday. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.92 by $0.03, Zacks reports. The business had revenue of $24.17 million for the quarter, compared to the consensus estimate of $23.90 million. Isabella Bank had a net margin of 17.50% and a return on equity of 9.24%.

Isabella Bank Price Performance

Shares of NASDAQ:ISBA opened at $39.64 on Friday. The firm has a 50 day moving average of $38.39 and a 200-day moving average of $42.73. The stock has a market capitalization of $302.41 million, a PE ratio of 13.81 and a beta of 0.06. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.12. Isabella Bank has a 12 month low of $34.84 and a 12 month high of $58.83.

Isabella Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were given a $0.28 dividend. The ex-dividend date was Monday, September 28th. This represents a $1.12 annualized dividend and a dividend yield of 2.8%. Isabella Bank’s payout ratio is presently 39.02%.

Analyst Ratings Changes

A number of research firms have recently weighed in on ISBA. Weiss Ratings reiterated a “buy (b-)” rating on shares of Isabella Bank in a research report on Friday, September 25th. Zacks Research raised Isabella Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 24th. Finally, Piper Sandler lowered their price objective on Isabella Bank from $47.00 to $43.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $43.00.

About Isabella Bank

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.