Isabella Bank (ISBA) to Release Quarterly Earnings on Thursday

Isabella Bank (NASDAQ:ISBA) is anticipated to post its results before the market opens on Thursday, April 16th. Analysts expect Isabella Bank to post earnings of $0.78 per share and revenue of $21.70 million for the quarter.

Isabella Bank (NASDAQ:ISBA) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.10). Isabella Bank had a return on equity of 8.17% and a net margin of 16.88%.The company had revenue of $21.41 million during the quarter.

Isabella Bank Stock Down 1.4%

ISBA stock opened at $49.23 on Wednesday. The firm has a market capitalization of $360.86 million, a PE ratio of 19.23 and a beta of 0.12. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62. Isabella Bank has a twelve month low of $23.70 and a twelve month high of $58.83. The stock’s 50 day moving average is $47.91 and its 200-day moving average is $45.50.

Isabella Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 27th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, March 27th. Isabella Bank’s dividend payout ratio is presently 43.75%.

Institutional Trading of Isabella Bank

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE grew its stake in Isabella Bank by 2,617.7% in the 3rd quarter. Bank of America Corp DE now owns 1,685 shares of the company’s stock valued at $59,000 after purchasing an additional 1,623 shares during the period. Barclays PLC bought a new stake in shares of Isabella Bank during the 4th quarter worth $168,000. Integrated Wealth Concepts LLC purchased a new position in shares of Isabella Bank in the 3rd quarter worth about $215,000. Susquehanna International Group LLP purchased a new position in shares of Isabella Bank in the 3rd quarter worth about $217,000. Finally, Jane Street Group LLC bought a new position in Isabella Bank during the fourth quarter valued at about $420,000.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Zacks Research raised shares of Isabella Bank from a “hold” rating to a “strong-buy” rating in a report on Friday, March 27th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Isabella Bank in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $38.50.

Isabella Bank Company Profile

Isabella Bank (NASDAQ: ISBA) is a community bank headquartered in Mount Pleasant, Michigan, serving individuals and businesses across mid-Michigan. The bank delivers a broad array of financial products, including checking and savings accounts, money market accounts, certificates of deposit, and online and mobile banking platforms designed to meet everyday banking needs.

On the commercial side, Isabella Bank offers business lending solutions such as lines of credit, term loans, and equipment financing, alongside treasury management, merchant services, and payroll processing to help companies manage cash flow and streamline operations.