Isabella Bank Co. (OTCMKTS:ISBA) Short Interest Down 93.3% in October

Isabella Bank Co. (OTCMKTS:ISBA) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totalling 100 shares, a decline of 93.3% from the September 30th total of 1,500 shares. Based on an average daily volume of 1,900 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

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

Isabella Bank Stock Performance

OTCMKTS:ISBA traded up $0.25 during trading hours on Friday, reaching $21.50. 8,335 shares of the company’s stock were exchanged, compared to its average volume of 1,523. Isabella Bank has a 1-year low of $17.55 and a 1-year high of $22.25. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $159.96 million, a price-to-earnings ratio of 10.91 and a beta of -0.03. The company has a 50-day moving average of $20.38 and a 200 day moving average of $19.28.

Isabella Bank (OTCMKTS:ISBA) last announced its 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 the consensus estimate of $17.00 million. Isabella Bank had a net margin of 14.98% and a return on equity of 7.50%. Research analysts anticipate that Isabella Bank will post 1.8 EPS for the current year.

Isabella Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date was Thursday, September 26th. Isabella Bank’s payout ratio is currently 56.85%.

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.