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

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

Isabella Bank Stock Performance

Shares of OTCMKTS:ISBA opened at $25.38 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $188.57 million, a PE ratio of 13.65 and a beta of 0.02. The firm’s 50 day simple moving average is $25.55 and its 200-day simple moving average is $22.54. Isabella Bank has a one year low of $17.55 and a one year high of $26.23.

Isabella Bank (OTCMKTS:ISBA) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. Isabella Bank had a return on equity of 7.34% and a net margin of 13.28%. As a group, equities analysts predict that Isabella Bank will post 2.4 EPS for the current year.

Isabella Bank Announces Dividend

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