Isabella Bank (NASDAQ:ISBA) Rating Lowered to Hold at Zacks Research

Isabella Bank (NASDAQ:ISBA) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other analysts also recently issued reports about the company. Piper Sandler reduced their price objective on Isabella Bank from $54.00 to $47.00 and set a “neutral” rating on the stock in a research report on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of Isabella Bank in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $47.00.

Isabella Bank Stock Down 1.7%

Isabella Bank stock opened at $41.89 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $307.05 million, a price-to-earnings ratio of 15.46 and a beta of 0.12. Isabella Bank has a fifty-two week low of $24.68 and a fifty-two week high of $58.83. The stock’s fifty day moving average is $46.59 and its two-hundred day moving average is $46.14.

Isabella Bank (NASDAQ:ISBA) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.10). Isabella Bank had a net margin of 17.30% and a return on equity of 8.40%. The company had revenue of $21.41 million during the quarter, compared to analysts’ expectations of $21.70 million. Analysts predict that Isabella Bank will post 3.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Isabella Bank

Large investors have recently added to or reduced their stakes in the business. CWM LLC purchased a new position in Isabella Bank during the fourth quarter worth about $38,000. Bank of America Corp DE lifted its position in Isabella Bank by 2,617.7% during the third quarter. Bank of America Corp DE now owns 1,685 shares of the company’s stock worth $59,000 after buying an additional 1,623 shares during the period. Barclays PLC purchased a new position in Isabella Bank during the fourth quarter worth about $168,000. Norris Perne & French LLP MI purchased a new position in Isabella Bank during the fourth quarter worth about $258,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Isabella Bank during the third quarter worth about $215,000.

About Isabella Bank

Isabella Bank (NASDAQ: ISBA) is a community bank headquartered in Mount Pleasant, Michigan, serving individuals and businesses across mid-Michigan. The bank delivers a broad array of financial products, including checking and savings accounts, money market accounts, certificates of deposit, and online and mobile banking platforms designed to meet everyday banking needs.

On the commercial side, Isabella Bank offers business lending solutions such as lines of credit, term loans, and equipment financing, alongside treasury management, merchant services, and payroll processing to help companies manage cash flow and streamline operations.