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

Isabella Bank Co. (OTCMKTS:ISBA) announced a quarterly dividend on Wednesday, May 29th, NASDAQ reports. Stockholders of record on Wednesday, June 26th will be paid a dividend of 0.28 per share on Friday, June 28th. This represents a $1.12 annualized dividend and a dividend yield of 6.04%. The ex-dividend date is Wednesday, June 26th.

Isabella Bank Trading Down 0.8 %

Shares of Isabella Bank stock opened at $18.55 on Monday. Isabella Bank has a fifty-two week low of $17.75 and a fifty-two week high of $23.00. The firm has a market cap of $138.75 million, a price-to-earnings ratio of 8.82 and a beta of -0.04. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $18.42 and a 200-day simple moving average of $19.62.

Isabella Bank (OTCMKTS:ISBA) last announced its earnings results on Thursday, April 18th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.09). Isabella Bank had a net margin of 16.57% and a return on equity of 8.23%. The company had revenue of $16.71 million for the quarter, compared to analysts’ expectations of $19.05 million. On average, equities analysts forecast that Isabella Bank will post 1.7 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Piper Sandler began coverage on Isabella Bank in a report on Thursday, April 11th. They set a “neutral” rating and a $20.00 target price for the company.

About Isabella Bank

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.