Isabella Bank (OTCMKTS:ISBA) Shares Cross Below Fifty Day Moving Average – Here’s Why

Isabella Bank Co. (OTCMKTS:ISBA)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $25.40 and traded as low as $25.38. Isabella Bank shares last traded at $25.79, with a volume of 846 shares changing hands.

Wall Street Analyst Weigh In

Separately, Piper Sandler boosted their target price on Isabella Bank from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th.

Isabella Bank Stock Performance

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 cap of $191.69 million, a PE ratio of 14.10 and a beta of 0.02. The business’s 50-day moving average is $25.43 and its 200 day moving average is $22.13.

Isabella Bank (OTCMKTS:ISBA) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.45 by $0.16. The firm had revenue of $18.02 million for the quarter, compared to the consensus estimate of $17.50 million. Isabella Bank had a return on equity of 7.32% and a net margin of 13.43%. On average, equities research analysts predict that Isabella Bank Co. will post 1.99 EPS for the current fiscal year.

Isabella Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, December 16th were paid a $0.28 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.12 dividend on an annualized basis and a yield of 4.34%. Isabella Bank’s dividend payout ratio (DPR) is currently 61.20%.

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.