Isabella Bank Corporation (ISBA) To Go Ex-Dividend on September 28th

Isabella Bank Corporation (NASDAQ:ISBA) announced a quarterly dividend on Wednesday, August 26th. Shareholders of record on Monday, September 28th will be paid a dividend of 0.28 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, September 28th.

Isabella Bank Price Performance

Shares of Isabella Bank stock opened at $38.54 on Friday. The stock has a market cap of $294.02 million, a price-to-earnings ratio of 14.17 and a beta of 0.01. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a 50 day moving average price of $39.91 and a 200-day moving average price of $43.29. Isabella Bank has a one year low of $31.20 and a one year high of $58.83.

Isabella Bank (NASDAQ:ISBA) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.23). Isabella Bank had a return on equity of 8.48% and a net margin of 16.78%.The firm had revenue of $22.68 million for the quarter, compared to analysts’ expectations of $23.00 million. Equities analysts expect that Isabella Bank will post 3.24 EPS for the current year.

Analysts Set New Price Targets

ISBA has been the subject of several recent analyst reports. Zacks Research lowered Isabella Bank from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. Piper Sandler dropped their price objective on Isabella Bank from $47.00 to $43.00 and set a “neutral” rating for the company in a report on Monday, July 27th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Isabella Bank in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $43.00.

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.