Zacks Research Downgrades Isabella Bank (NASDAQ:ISBA) to Strong Sell

Isabella Bank (NASDAQ:ISBA) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

Several other equities analysts also recently commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Isabella Bank in a research report on Tuesday, June 30th. Piper Sandler decreased their target price on Isabella Bank from $47.00 to $43.00 and set a “neutral” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $43.00.

Isabella Bank Stock Up 2.0%

ISBA opened at $39.98 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81. Isabella Bank has a fifty-two week low of $29.00 and a fifty-two week high of $58.83. The firm’s fifty day moving average is $40.57 and its 200 day moving average is $44.77. The stock has a market cap of $293.05 million, a price-to-earnings ratio of 14.70 and a beta of 0.01.

Isabella Bank (NASDAQ:ISBA) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.23). Isabella Bank had a return on equity of 8.64% and a net margin of 16.78%.The business had revenue of $21.86 million during the quarter, compared to analysts’ expectations of $23.00 million. On average, sell-side analysts forecast that Isabella Bank will post 3.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Isabella Bank

Several institutional investors have recently added to or reduced their stakes in ISBA. Geode Capital Management LLC bought a new position in shares of Isabella Bank during the 2nd quarter valued at approximately $1,501,000. Vanguard Group Inc. increased its position in Isabella Bank by 116.9% during the third quarter. Vanguard Group Inc. now owns 245,936 shares of the company’s stock valued at $8,669,000 after acquiring an additional 132,551 shares during the last quarter. Bank of America Corp DE lifted its stake in Isabella Bank by 2,617.7% in the third quarter. Bank of America Corp DE now owns 1,685 shares of the company’s stock worth $59,000 after purchasing an additional 1,623 shares during the last quarter. Citadel Advisors LLC bought a new position in Isabella Bank in the 3rd quarter valued at $630,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Isabella Bank during the 3rd quarter valued at about $215,000.

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.