Isabella Bank (OTCMKTS:ISBA) Price Target Raised to $24.00

Isabella Bank (OTCMKTS:ISBA) had its target price hoisted by equities research analysts at Piper Sandler from $22.00 to $24.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price objective indicates a potential upside of 10.85% from the company’s current price.

Isabella Bank Stock Performance

Shares of OTCMKTS:ISBA opened at $21.65 on Wednesday. The firm’s 50 day simple moving average is $20.53 and its 200 day simple moving average is $19.36. Isabella Bank has a fifty-two week low of $17.55 and a fifty-two week high of $22.25. The company has a market capitalization of $160.97 million, a price-to-earnings ratio of 11.83 and a beta of -0.03. 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 (OTCMKTS:ISBA) last posted its earnings results on Thursday, October 24th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.16. Isabella Bank had a net margin of 14.98% and a return on equity of 7.50%. The company had revenue of $18.02 million for the quarter, compared to analyst estimates of $17.50 million. As a group, sell-side analysts forecast that Isabella Bank will post 1.8 earnings per share for the current year.

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.