Isabella Bank (OTCMKTS:ISBA) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Isabella Bank Co. (OTCMKTS:ISBA) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $24.82 and traded as low as $22.86. Isabella Bank shares last traded at $23.38, with a volume of 4,588 shares traded.

Analyst Ratings Changes

Separately, Piper Sandler lifted their target price on Isabella Bank from $26.50 to $28.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd.

Isabella Bank Stock Performance

The stock has a market capitalization of $170.69 million, a PE ratio of 12.38 and a beta of 0.03. The firm’s 50-day simple moving average is $24.73 and its two-hundred day simple moving average is $23.74. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45.

Isabella Bank (OTCMKTS:ISBA) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Isabella Bank had a return on equity of 7.34% and a net margin of 13.28%. On average, equities research analysts expect that Isabella Bank Co. will post 2.25 earnings per share for the current fiscal year.

Isabella Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a $0.28 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.12 annualized dividend and a dividend yield of 4.87%. Isabella Bank’s payout ratio is 60.22%.

Isabella Bank Company Profile

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.