Isabella Bank (NASDAQ:ISBA) Stock Rating Upgraded by Zacks Research

Isabella Bank (NASDAQ:ISBA) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday, Zacks reports.

Other equities analysts have also issued research reports about the company. Piper Sandler upgraded Isabella Bank from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $43.00 to $50.00 in a research note on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Isabella Bank in a research report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $50.00.

Isabella Bank Stock Down 3.0%

Shares of NASDAQ ISBA opened at $40.63 on Wednesday. Isabella Bank has a 12-month low of $35.51 and a 12-month high of $58.83. The stock’s fifty day simple moving average is $38.51 and its two-hundred day simple moving average is $42.56. The stock has a market capitalization of $310.82 million, a PE ratio of 14.15 and a beta of 0.05. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.12.

Isabella Bank (NASDAQ:ISBA) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). The company had revenue of $24.17 million during the quarter, compared to the consensus estimate of $23.90 million. Isabella Bank had a return on equity of 9.16% and a net margin of 17.50%. As a group, analysts expect that Isabella Bank will post 3.24 EPS for the current fiscal year.

Institutional Trading of Isabella Bank

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Isabella Bank during the 2nd quarter valued at about $18,464,000. Bank of New York Mellon Corp acquired a new stake in Isabella Bank in the second quarter worth about $663,000. Bank of America Corp DE acquired a new stake in Isabella Bank in the second quarter worth about $417,000. Dimensional Fund Advisors LP acquired a new stake in Isabella Bank in the first quarter worth about $403,000. Finally, Gradient Investments LLC purchased a new stake in shares of Isabella Bank during the second quarter worth about $337,000.

About Isabella Bank

Isabella Bank Corporation is the bank holding company for Isabella Bank, a community banking institution headquartered in Mount Pleasant, Michigan. Founded in 1903, the bank serves individuals, families, businesses and community organizations primarily across central Michigan.

Isabella Bank provides a range of personal and business banking products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate financing and other business lending.