Isabella Bank Corporation (NASDAQ:ISBA) Short Interest Update

Isabella Bank Corporation (NASDAQ:ISBA) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 60,528 shares, a growth of 46.4% from the December 15th total of 41,351 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 34,213 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily trading volume, of 34,213 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.8% of the shares of the stock are sold short.

Hedge Funds Weigh In On Isabella Bank

A number of hedge funds have recently made changes to their positions in the stock. 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 worth $8,669,000 after acquiring an additional 132,551 shares in the last quarter. Geode Capital Management LLC acquired a new position in shares of Isabella Bank during the second quarter worth approximately $1,501,000. Citadel Advisors LLC bought a new position in shares of Isabella Bank in the 3rd quarter worth $630,000. FourThought Financial Partners LLC acquired a new stake in Isabella Bank in the 2nd quarter valued at $247,000. Finally, Susquehanna International Group LLP acquired a new stake in Isabella Bank in the 3rd quarter valued at $217,000.

Isabella Bank Stock Up 1.7%

Shares of ISBA stock opened at $50.84 on Friday. The stock’s fifty day moving average price is $47.38. The company has a market cap of $372.91 million, a price-to-earnings ratio of 20.67 and a beta of 0.09. Isabella Bank has a twelve month low of $21.50 and a twelve month 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.

Isabella Bank (NASDAQ:ISBA) last posted its earnings results on Monday, October 27th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. Isabella Bank had a net margin of 16.65% and a return on equity of 8.01%. The firm had revenue of $20.47 million for the quarter, compared to analyst estimates of $19.60 million.

Isabella Bank Announces Dividend

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

Wall Street Analysts Forecast Growth

ISBA has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Isabella Bank in a research report on Monday, December 29th. Zacks Research downgraded Isabella Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Piper Sandler lifted their price target on Isabella Bank from $34.00 to $38.50 and gave the company a “neutral” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Isabella Bank currently has a consensus rating of “Hold” and a consensus price target of $38.50.

Isabella Bank Company Profile

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.