Isabella Bank (OTCMKTS:ISBA) Price Target Raised to $28.00 at Piper Sandler

Isabella Bank (OTCMKTS:ISBA) had its price target upped by Piper Sandler from $26.50 to $28.00 in a report issued on Monday,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Isabella Bank Stock Down 1.6 %

OTCMKTS:ISBA opened at $25.40 on Monday. The company has a market cap of $188.72 million, a PE ratio of 13.66 and a beta of 0.02. Isabella Bank has a one year low of $17.55 and a one year high of $26.23. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s 50 day simple moving average is $25.53 and its 200 day simple moving average is $22.47.

Isabella Bank (OTCMKTS:ISBA) last released its earnings results on Thursday, January 30th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Isabella Bank had a net margin of 13.28% and a return on equity of 7.34%. On average, research analysts anticipate that Isabella Bank will post 2.4 earnings per share for the current year.

Isabella Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, December 16th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.12 annualized dividend and a yield of 4.41%. Isabella Bank’s payout ratio is currently 60.22%.

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.