Piper Sandler Increases Isabella Bank (OTCMKTS:ISBA) Price Target to $24.00

Isabella Bank (OTCMKTS:ISBA) had its price target lifted by stock analysts at Piper Sandler from $22.00 to $24.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price objective would indicate a potential upside of 10.85% from the company’s current price.

Isabella Bank Stock Performance

Shares of ISBA stock opened at $21.65 on Wednesday. The company has a market capitalization of $160.97 million, a P/E ratio of 11.83 and a beta of -0.03. Isabella Bank has a 12-month low of $17.55 and a 12-month 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 50-day moving average price of $20.53 and a 200 day moving average price of $19.36.

Isabella Bank (OTCMKTS:ISBA) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.16. Isabella Bank had a return on equity of 7.50% and a net margin of 14.98%. The business had revenue of $18.02 million for the quarter, compared to analyst estimates of $17.50 million. Research analysts forecast that Isabella Bank will post 1.8 earnings per share for the current fiscal year.

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.