Isabella Bank Co. (OTCMKTS:ISBA) Short Interest Update

Isabella Bank Co. (OTCMKTS:ISBA) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 1,500 shares, a decline of 25.0% from the September 15th total of 2,000 shares. Based on an average daily trading volume, of 2,200 shares, the short-interest ratio is currently 0.7 days.

Isabella Bank Price Performance

ISBA stock opened at $21.10 on Tuesday. Isabella Bank has a 52 week low of $17.55 and a 52 week high of $22.25. The company has a market capitalization of $157.72 million, a price-to-earnings ratio of 9.95 and a beta of -0.03. The firm’s 50-day moving average is $20.03 and its two-hundred day moving average is $19.14. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59.

Isabella Bank (OTCMKTS:ISBA) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. Isabella Bank had a net margin of 14.98% and a return on equity of 7.50%. The company had revenue of $25.70 million for the quarter, compared to the consensus estimate of $17.00 million. On average, analysts forecast that Isabella Bank will post 1.8 earnings per share for the current fiscal year.

Isabella Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 5.31%. Isabella Bank’s dividend payout ratio is currently 52.83%.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their price objective on shares of Isabella Bank from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st.

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.