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

Isabella Bank Co. (OTCMKTS:ISBA) announced a quarterly dividend on Thursday, February 27th, 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 annualized dividend and a dividend yield of 4.49%.

Isabella Bank Price Performance

Isabella Bank stock traded up $0.36 during midday trading on Thursday, reaching $24.96. The company had a trading volume of 100 shares, compared to its average volume of 1,334. The company has a market capitalization of $185.30 million, a P/E ratio of 13.42 and a beta of 0.02. Isabella Bank has a 12-month low of $17.55 and a 12-month high of $26.23. The firm’s fifty day simple moving average is $25.61 and its 200-day simple moving average is $23.13. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.81 and a quick ratio of 0.81.

Isabella Bank (OTCMKTS:ISBA) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Isabella Bank had a net margin of 13.28% and a return on equity of 7.34%. As a group, equities analysts anticipate that Isabella Bank will post 2.25 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their price target on shares of Isabella Bank from $26.50 to $28.00 and gave the stock a “neutral” rating in a report 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.