Isabella Bank (NASDAQ:ISBA) Stock Rating Upgraded by Zacks Research

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

A number of other equities analysts also recently weighed in on the stock. Piper Sandler raised shares of Isabella Bank from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $43.00 to $50.00 in a research note on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Isabella Bank in a research note on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $50.00.

Isabella Bank Price Performance

Shares of NASDAQ:ISBA opened at $40.63 on Wednesday. The company has a market cap of $310.86 million, a P/E ratio of 14.16 and a beta of 0.05. The business has a fifty day simple moving average of $38.51 and a 200-day simple moving average of $42.56. Isabella Bank has a 52 week low of $35.51 and a 52 week high of $58.83. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.12.

Isabella Bank (NASDAQ:ISBA) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Isabella Bank had a return on equity of 9.16% and a net margin of 17.50%. The business had revenue of $24.17 million during the quarter, compared to analyst estimates of $23.90 million. Equities research analysts forecast that Isabella Bank will post 3.24 EPS for the current year.

Institutional Trading of Isabella Bank

Several large investors have recently added to or reduced their stakes in ISBA. Bank of America Corp DE acquired a new position in shares of Isabella Bank during the second quarter worth about $417,000. Legal & General Group Plc purchased a new stake in shares of Isabella Bank during the second quarter valued at approximately $27,000. BlackRock Inc. acquired a new position in shares of Isabella Bank during the second quarter worth $18,464,000. Deutsche Bank AG acquired a new position in shares of Isabella Bank during the second quarter worth $268,000. Finally, Bank of New York Mellon Corp acquired a new stake in Isabella Bank during the 2nd quarter valued at $663,000.

Isabella Bank Company Profile

Isabella Bank Corporation is the bank holding company for Isabella Bank, a community banking institution headquartered in Mount Pleasant, Michigan. Founded in 1903, the bank serves individuals, families, businesses and community organizations primarily across central Michigan.

Isabella Bank provides a range of personal and business banking products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate financing and other business lending.