Isabella Bank (OTCMKTS:ISBA) Shares Cross Above Fifty Day Moving Average of $18.88

Isabella Bank Co. (OTCMKTS:ISBA)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $18.88 and traded as high as $19.65. Isabella Bank shares last traded at $19.65, with a volume of 6,608 shares traded.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their price objective on shares of Isabella Bank from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st.

Isabella Bank Stock Performance

The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.36. The firm has a market cap of $146.88 million, a PE ratio of 9.27 and a beta of -0.04. The firm has a fifty day simple moving average of $18.90 and a two-hundred day simple moving average of $19.11.

Isabella Bank (OTCMKTS:ISBA) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. Isabella Bank had a return on equity of 7.56% and a net margin of 14.98%. The business had revenue of $25.70 million during the quarter, compared to the consensus estimate of $17.00 million. Equities analysts forecast that Isabella Bank Co. will post 1.8 EPS for the current year.

Isabella Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 26th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 5.70%. The ex-dividend date of this dividend was Wednesday, June 26th. Isabella Bank’s payout ratio is currently 52.83%.

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.