Isabella Bank (OTCMKTS:ISBA) Given New $22.00 Price Target at Piper Sandler

Isabella Bank (OTCMKTS:ISBA) had its price target upped by Piper Sandler from $20.00 to $22.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a neutral rating on the stock.

Isabella Bank Price Performance

ISBA opened at $19.37 on Wednesday. The firm has a market cap of $144.89 million, a P/E ratio of 9.14 and a beta of -0.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.79 and a current ratio of 0.79. Isabella Bank has a fifty-two week low of $17.75 and a fifty-two week high of $23.00. The firm has a 50-day moving average of $18.86 and a 200 day moving average of $19.21.

Isabella Bank (OTCMKTS:ISBA) last released its earnings results on Thursday, July 25th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates 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. On average, research analysts expect that Isabella Bank will post 1.8 EPS for the current year.

Isabella Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 26th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 5.78%. The ex-dividend date of this dividend was Wednesday, June 26th. Isabella Bank’s dividend payout ratio (DPR) is currently 52.83%.

Isabella Bank Company Profile

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.