Piper Sandler Boosts Isabella Bank (OTCMKTS:ISBA) Price Target to $22.00

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

Isabella Bank Stock Performance

OTCMKTS:ISBA opened at $19.37 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $18.86 and a 200 day moving average price of $19.21. The firm has a market capitalization of $144.89 million, a PE ratio of 9.14 and a beta of -0.04. Isabella Bank has a 12-month low of $17.75 and a 12-month high of $23.00.

Isabella Bank (OTCMKTS:ISBA) last announced its quarterly 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 return on equity of 7.56% and a net margin of 14.98%. The firm had revenue of $25.70 million for the quarter, compared to analysts’ expectations of $17.00 million. Research analysts anticipate that Isabella Bank will post 1.8 earnings per share for the current fiscal year.

Isabella Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 26th were given 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 presently 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.