Isabella Bank Co. (OTCMKTS:ISBA) Sees Significant Decrease in Short Interest

Isabella Bank Co. (OTCMKTS:ISBA) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 100 shares, a drop of 93.3% from the September 30th total of 1,500 shares. Based on an average daily volume of 1,900 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Piper Sandler raised their price target on Isabella Bank from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st.

Isabella Bank Trading Up 1.2 %

Shares of OTCMKTS:ISBA traded up $0.25 during trading on Friday, hitting $21.50. 8,335 shares of the company’s stock were exchanged, compared to its average volume of 2,850. The firm has a 50-day moving average price of $20.34 and a two-hundred day moving average price of $19.26. Isabella Bank has a 1-year low of $17.55 and a 1-year high of $22.25. The firm has a market cap of $160.71 million, a P/E ratio of 10.02 and a beta of -0.03. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59.

Isabella Bank (OTCMKTS:ISBA) last issued its earnings results on Thursday, July 25th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.42 by $0.04. Isabella Bank had a net margin of 14.98% and a return on equity of 7.50%. The company had revenue of $25.70 million during the quarter, compared to analysts’ expectations of $17.00 million. Equities analysts predict that Isabella Bank will post 1.8 earnings per share for the current year.

Isabella Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date of this dividend was Thursday, September 26th. Isabella Bank’s dividend payout ratio (DPR) is currently 52.83%.

Isabella Bank Company Profile

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.