Isabella Bank Co. (OTCMKTS:ISBA) Sees Large Growth in Short Interest

Isabella Bank Co. (OTCMKTS:ISBA) 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.

Isabella Bank Trading Up 1.2 %

Isabella Bank stock traded up $0.23 during trading on Friday, hitting $19.76. The company had a trading volume of 4,908 shares, compared to its average volume of 2,689. Isabella Bank has a 1-year low of $17.75 and a 1-year high of $23.00. 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 company’s 50 day simple moving average is $18.71 and its 200-day simple moving average is $19.24. The stock has a market cap of $147.79 million, a price-to-earnings ratio of 9.32 and a beta of -0.04.

Isabella Bank (OTCMKTS:ISBA) 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.