Isabella Bank (OTCMKTS:ISBA) Stock Price Crosses Above 50 Day Moving Average of $18.68

Isabella Bank Co. (OTCMKTS:ISBA) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $18.68 and traded as high as $19.53. Isabella Bank shares last traded at $19.53, with a volume of 2,830 shares changing hands.

Wall Street Analyst Weigh In

Separately, Piper Sandler assumed coverage on Isabella Bank in a research report on Thursday, April 11th. They issued a “neutral” rating and a $20.00 target price for the company.

Isabella Bank Stock Up 1.2 %

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.79 and a current ratio of 0.79. The stock’s 50 day moving average price is $18.71 and its 200-day moving average price is $19.27. The company has a market cap of $147.79 million, a PE ratio of 9.32 and a beta of -0.04.

Isabella Bank (OTCMKTS:ISBA) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. Isabella Bank had a net margin of 14.98% and a return on equity of 7.56%. The business had revenue of $25.70 million during the quarter, compared to the consensus estimate of $17.00 million. On average, analysts predict that Isabella Bank Co. will post 1.7 earnings per share for the current year.

Isabella Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 26th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 5.67%. The ex-dividend date of this dividend was Wednesday, June 26th. Isabella Bank’s dividend payout ratio is presently 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.