Isabella Bank (NASDAQ:ISBA) Downgraded by Zacks Research to “Hold”

Zacks Research downgraded shares of Isabella Bank (NASDAQ:ISBA) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

ISBA has been the subject of a number of other research reports. Piper Sandler raised their price target on shares of Isabella Bank from $34.00 to $38.50 and gave the stock a “neutral” rating in a report on Friday, October 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Isabella Bank in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $38.50.

Isabella Bank Stock Performance

Shares of ISBA stock opened at $50.28 on Monday. Isabella Bank has a fifty-two week low of $21.50 and a fifty-two week high of $58.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $369.06 million, a price-to-earnings ratio of 20.44 and a beta of 0.11. The business’s 50-day simple moving average is $44.25.

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

Isabella Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Wednesday, December 17th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, December 17th. Isabella Bank’s dividend payout ratio is 45.53%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ISBA. Vanguard Group Inc. boosted its holdings in Isabella Bank by 116.9% in the third quarter. Vanguard Group Inc. now owns 245,936 shares of the company’s stock valued at $8,669,000 after purchasing an additional 132,551 shares during the last quarter. Geode Capital Management LLC acquired a new position in shares of Isabella Bank in the 2nd quarter valued at about $1,501,000. Citadel Advisors LLC purchased a new stake in shares of Isabella Bank in the third quarter worth about $630,000. FourThought Financial Partners LLC acquired a new stake in Isabella Bank during the second quarter worth about $247,000. Finally, Susquehanna International Group LLP purchased a new position in Isabella Bank during the third quarter valued at approximately $217,000.

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.