Piper Sandler Increases Isabella Bank (OTCMKTS:ISBA) Price Target to $28.00

Isabella Bank (OTCMKTS:ISBA) had its price objective raised by Piper Sandler from $26.50 to $28.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Isabella Bank Stock Performance

ISBA stock opened at $25.40 on Monday. Isabella Bank has a twelve month low of $17.55 and a twelve month high of $26.23. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.45. The business’s fifty day simple moving average is $25.53 and its two-hundred day simple moving average is $22.47. The firm has a market cap of $188.72 million, a price-to-earnings ratio of 13.66 and a beta of 0.02.

Isabella Bank (OTCMKTS:ISBA) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Isabella Bank had a return on equity of 7.34% and a net margin of 13.28%. Analysts predict that Isabella Bank will post 2.4 earnings per share for the current year.

Isabella Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Monday, December 16th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend was Monday, December 16th. Isabella Bank’s dividend payout ratio is currently 60.22%.

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.