Isabella Bank Co. (ISBA) To Go Ex-Dividend on March 27th

Isabella Bank Co. (OTCMKTS:ISBA) announced a quarterly dividend on Monday, February 24th, RTT News reports. Stockholders of record on Thursday, March 27th will be given a dividend of 0.28 per share on Monday, March 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Thursday, March 27th.

Isabella Bank Trading Down 0.9 %

OTCMKTS:ISBA opened at $23.38 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $173.36 million, a P/E ratio of 12.57 and a beta of 0.03. Isabella Bank has a 52 week low of $17.55 and a 52 week high of $26.23. The stock’s 50 day moving average price is $24.82 and its 200 day moving average price is $23.72.

Isabella Bank (OTCMKTS:ISBA) last posted its earnings results on Thursday, January 30th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate 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, research analysts forecast that Isabella Bank will post 2.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Piper Sandler increased 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.

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.