Isabella Bank (OTCMKTS:ISBA) Releases Earnings Results, Beats Estimates By $0.05 EPS

Isabella Bank (OTCMKTS:ISBA) issued its quarterly earnings results on Thursday. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05, Zacks reports. The company had revenue of $18.05 million during the quarter, compared to analysts’ expectations of $18.50 million. Isabella Bank had a net margin of 13.28% and a return on equity of 7.34%.

Isabella Bank Price Performance

OTCMKTS ISBA opened at $24.50 on Friday. The company has a market cap of $181.40 million, a PE ratio of 13.17 and a beta of 0.06. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.45. The firm’s 50-day simple moving average is $23.80 and its two-hundred day simple moving average is $24.06. Isabella Bank has a 52 week low of $17.55 and a 52 week high of $26.23.

Isabella Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a $0.28 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.12 annualized dividend and a dividend yield of 4.57%. Isabella Bank’s payout ratio is presently 60.22%.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their target price on Isabella Bank from $26.50 to $28.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd.

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.