Isabella Bank Co. (OTCMKTS:ISBA) Plans Quarterly Dividend of $0.28

Isabella Bank Co. (OTCMKTS:ISBA) declared a quarterly dividend on Wednesday, November 20th,NASDAQ Dividends reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.28 per share on Wednesday, December 18th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date is Monday, December 16th.

Isabella Bank Stock Performance

Shares of ISBA remained flat at $24.84 on Friday. 1,886 shares of the company were exchanged, compared to its average volume of 2,884. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $184.69 million, a PE ratio of 13.57 and a beta of -0.03. The stock’s 50 day simple moving average is $21.78 and its 200 day simple moving average is $19.91. Isabella Bank has a twelve month low of $17.55 and a twelve month high of $25.00.

Isabella Bank (OTCMKTS:ISBA) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.16. The business had revenue of $18.02 million during 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%. Equities research analysts predict that Isabella Bank will post 1.99 EPS for the current year.

Wall Street Analyst Weigh In

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

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.