Isabella Bank Co. (OTCMKTS:ISBA) Short Interest Update

Isabella Bank Co. (OTCMKTS:ISBA) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 1,500 shares, a decline of 25.0% from the September 15th total of 2,000 shares. Based on an average trading volume of 2,200 shares, the days-to-cover ratio is currently 0.7 days.

Isabella Bank Stock Performance

OTCMKTS:ISBA opened at $21.10 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.59. Isabella Bank has a fifty-two week low of $17.55 and a fifty-two week high of $22.25. The stock has a market cap of $157.72 million, a PE ratio of 9.95 and a beta of -0.03. The firm’s fifty day simple moving average is $20.03 and its 200-day simple moving average is $19.14.

Isabella Bank (OTCMKTS:ISBA) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The business had revenue of $25.70 million for the quarter, compared to analysts’ expectations of $17.00 million. Isabella Bank had a net margin of 14.98% and a return on equity of 7.50%. Analysts expect that Isabella Bank will post 1.8 earnings per share for the current fiscal year.

Isabella Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 5.31%. Isabella Bank’s dividend payout ratio is currently 52.83%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their price objective on shares of Isabella Bank from $20.00 to $22.00 and gave the stock a “neutral” rating in a research 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.