Isabella Bank (OTCMKTS:ISBA) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Isabella Bank (OTCMKTS:ISBA) released its earnings results on Thursday. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05, Zacks reports. The business had revenue of $18.05 million for the quarter, compared to the consensus estimate of $18.50 million. Isabella Bank had a return on equity of 7.34% and a net margin of 13.28%.

Isabella Bank Stock Performance

Shares of OTCMKTS:ISBA opened at $24.50 on Friday. The company has a market capitalization of $181.40 million, a price-to-earnings ratio of 13.17 and a beta of 0.06. The firm’s 50 day simple moving average is $23.79 and its 200 day simple moving average is $24.09. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.81 and a quick ratio of 0.81. Isabella Bank has a fifty-two week low of $17.55 and a fifty-two week high of $26.23.

Isabella Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend was Thursday, March 27th. Isabella Bank’s payout ratio is 56.85%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their price target 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 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.