Isabella Bank Co. (OTCMKTS:ISBA) Sees Large Decline in Short Interest

Isabella Bank Co. (OTCMKTS:ISBA) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 1,500 shares, a decline of 25.0% from the September 15th total of 2,000 shares. Based on an average trading volume of 2,200 shares, the days-to-cover ratio is presently 0.7 days.

Isabella Bank Stock Performance

Shares of ISBA stock opened at $21.10 on Tuesday. Isabella Bank has a 12-month low of $17.55 and a 12-month high of $22.25. The company has a market capitalization of $157.72 million, a PE ratio of 9.95 and a beta of -0.03. The firm has a 50 day moving average price of $20.03 and a two-hundred day moving average price of $19.14. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.59.

Isabella Bank (OTCMKTS:ISBA) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. The business had revenue of $25.70 million during the quarter, compared to analysts’ expectations of $17.00 million. Isabella Bank had a return on equity of 7.50% and a net margin of 14.98%. As a group, analysts predict that Isabella Bank will post 1.8 earnings per share for the current year.

Isabella Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.31%. Isabella Bank’s payout ratio is presently 52.83%.

Analysts Set New Price Targets

Separately, Piper Sandler increased their price objective on shares of Isabella Bank from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st.

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.