Isabella Bank (OTCMKTS:ISBA) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Isabella Bank Co. (OTCMKTS:ISBA)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $25.00 and traded as high as $25.97. Isabella Bank shares last traded at $25.50, with a volume of 5,550 shares changing hands.

Analyst Ratings Changes

Separately, Piper Sandler boosted their price target on shares of Isabella Bank from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th.

Isabella Bank Price Performance

The firm’s fifty day moving average price is $25.17 and its 200 day moving average price is $21.88. The firm has a market capitalization of $193.11 million, a PE ratio of 14.20 and a beta of 0.02. 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, October 24th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.45 by $0.16. The business had revenue of $18.02 million for the quarter, compared to the consensus estimate of $17.50 million. Isabella Bank had a net margin of 13.43% and a return on equity of 7.32%. As a group, equities analysts forecast that Isabella Bank Co. will post 1.99 earnings per share for the current year.

Isabella Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, December 16th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date was Monday, December 16th. Isabella Bank’s dividend payout ratio (DPR) is presently 61.20%.

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.