Isabella Bank Co. Announces Quarterly Dividend of $0.28 (OTCMKTS:ISBA)

Isabella Bank Co. (OTCMKTS:ISBA) declared a quarterly dividend on Wednesday, August 28th, NASDAQ reports. Investors of record on Thursday, September 26th will be given a dividend of 0.28 per share on Monday, September 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend is Thursday, September 26th.

Isabella Bank Price Performance

Shares of OTCMKTS:ISBA opened at $20.40 on Tuesday. The stock has a market cap of $152.49 million, a price-to-earnings ratio of 9.62 and a beta of -0.05. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.83 and a quick ratio of 0.83. Isabella Bank has a 12 month low of $17.55 and a 12 month high of $23.00. The stock’s 50 day moving average price is $19.47 and its 200 day moving average price is $18.89.

Isabella Bank (OTCMKTS:ISBA) last posted its quarterly earnings data 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 return on equity of 7.50% and a net margin of 14.98%. The company had revenue of $25.70 million for the quarter, compared to the consensus estimate of $17.00 million. Equities research analysts anticipate that Isabella Bank will post 1.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their price target on shares of Isabella Bank from $20.00 to $22.00 and gave the company a “neutral” rating in a 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.