Isabella Bank (NASDAQ:ISBA) Releases Earnings Results, Misses Estimates By $0.23 EPS

Isabella Bank (NASDAQ:ISBA) posted its earnings results on Thursday. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.23), Zacks reports. The business had revenue of $21.86 million for the quarter, compared to the consensus estimate of $23.00 million. Isabella Bank had a return on equity of 8.33% and a net margin of 17.30%.

Isabella Bank Stock Performance

ISBA traded down $0.62 during trading hours on Friday, hitting $37.51. The stock had a trading volume of 70,479 shares, compared to its average volume of 39,742. Isabella Bank has a 1 year low of $29.00 and a 1 year high of $58.83. The company’s fifty day simple moving average is $40.75 and its 200 day simple moving average is $44.99. The stock has a market cap of $274.98 million, a PE ratio of 13.84 and a beta of 0.01. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.13.

Isabella Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 26th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, June 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.0%. Isabella Bank’s dividend payout ratio is presently 41.33%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ISBA. Piper Sandler cut their price objective on shares of Isabella Bank from $54.00 to $47.00 and set a “neutral” rating on the stock in a report on Monday, April 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Isabella Bank in a research report on Tuesday, June 30th. Finally, Zacks Research downgraded Isabella Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Isabella Bank has an average rating of “Hold” and a consensus price target of $47.00.

Institutional Trading of Isabella Bank

Institutional investors have recently modified their holdings of the business. ExodusPoint Capital Management LP purchased a new stake in shares of Isabella Bank during the fourth quarter worth $438,000. Marshall Wace LLP purchased a new stake in Isabella Bank during the 4th quarter worth about $1,186,000. LPL Financial LLC bought a new position in Isabella Bank in the 4th quarter worth about $528,000. Goldman Sachs Group Inc. purchased a new position in Isabella Bank during the 4th quarter valued at about $994,000. Finally, Geode Capital Management LLC increased its position in shares of Isabella Bank by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 77,481 shares of the company’s stock valued at $3,876,000 after buying an additional 736 shares during the period.

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.