Isabella Bank Co. (OTCMKTS:ISBA – Get Free Report) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totalling 200 shares, a growth of 100.0% from the June 30th total of 100 shares. Based on an average daily trading volume, of 5,400 shares, the days-to-cover ratio is presently 0.0 days.
Wall Street Analyst Weigh In
Separately, Piper Sandler began coverage on shares of Isabella Bank in a research note on Thursday, April 11th. They issued a “neutral” rating and a $20.00 target price on the stock.
Read Our Latest Stock Report on Isabella Bank
Isabella Bank Trading Up 1.2 %
Isabella Bank (OTCMKTS:ISBA – Get Free Report) last posted its earnings results on Thursday, July 25th. The company reported $0.46 earnings per share for the quarter, beating 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 firm had revenue of $25.70 million during the quarter, compared to the consensus estimate of $17.00 million. As a group, analysts expect that Isabella Bank will post 1.7 EPS for the current fiscal year.
Isabella Bank Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Wednesday, June 26th were paid a $0.28 dividend. The ex-dividend date was Wednesday, June 26th. This represents a $1.12 annualized dividend and a dividend yield of 5.67%. Isabella Bank’s dividend payout ratio (DPR) is 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.
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