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

Isabella Bank Co. (OTCMKTS:ISBA) announced a quarterly dividend on Wednesday, August 28th, NASDAQ reports. Stockholders of record on Thursday, September 26th will be given a dividend of 0.28 per share on Monday, September 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date is Thursday, September 26th.

Isabella Bank Stock Performance

Shares of ISBA stock opened at $20.40 on Tuesday. The firm has a market capitalization of $152.49 million, a PE ratio of 9.62 and a beta of -0.05. 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 company has a 50 day moving average price of $19.47 and a 200-day moving average price of $18.89. Isabella Bank has a 52 week low of $17.55 and a 52 week high of $23.00.

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

Analyst Upgrades and Downgrades

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

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.