Isabella Bank (OTCMKTS:ISBA) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Isabella Bank Co. (OTCMKTS:ISBA) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $24.82 and traded as low as $22.86. Isabella Bank shares last traded at $23.38, with a volume of 4,588 shares traded.

Wall Street Analyst Weigh In

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

Isabella Bank Stock Down 1.6 %

The firm’s 50-day simple moving average is $24.73 and its 200-day simple moving average is $23.74. 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 company has a market capitalization of $170.69 million, a price-to-earnings ratio of 12.38 and a beta of 0.03.

Isabella Bank (OTCMKTS:ISBA) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.52 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that Isabella Bank Co. will post 2.25 earnings per share for the current year.

Isabella Bank Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be given a $0.28 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.12 annualized dividend and a yield of 4.87%. Isabella Bank’s dividend payout ratio (DPR) is currently 60.22%.

Isabella Bank Company Profile

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.