Isabella Bank Corporation (ISBA) to Issue Quarterly Dividend of $0.28 on December 19th

Isabella Bank Corporation (NASDAQ:ISBA) declared a quarterly dividend on Thursday, November 20th, NASDAQ Dividends reports. Investors of record on Wednesday, December 17th will be given a dividend of 0.28 per share on Friday, December 19th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, December 17th.

Isabella Bank Stock Down 1.0%

Shares of ISBA opened at $49.06 on Monday. The firm’s fifty day moving average price is $40.26. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $360.10 million, a price-to-earnings ratio of 19.94 and a beta of 0.11. Isabella Bank has a 12-month low of $21.50 and a 12-month high of $54.31.

Isabella Bank (NASDAQ:ISBA) last released its earnings results on Monday, October 27th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. Isabella Bank had a net margin of 16.65% and a return on equity of 8.01%. The company had revenue of $20.47 million for the quarter, compared to the consensus estimate of $19.60 million.

Analysts Set New Price Targets

ISBA has been the topic of several analyst reports. Piper Sandler increased their target price on Isabella Bank from $34.00 to $38.50 and gave the company a “neutral” rating in a research note on Friday, October 31st. Zacks Research raised shares of Isabella Bank from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Isabella Bank in a research note on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $38.50.

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.