Isabella Bank Corporation Announces Quarterly Dividend of $0.28 (NASDAQ:ISBA)

Isabella Bank Corporation (NASDAQ:ISBA) declared a quarterly dividend on Wednesday, February 25th, NASDAQ Dividends reports. Stockholders of record on Friday, March 27th will be given a dividend of 0.28 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, March 27th.

Isabella Bank Trading Up 2.3%

Shares of ISBA stock opened at $46.80 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. Isabella Bank has a 52-week low of $21.50 and a 52-week high of $58.83. The company has a market capitalization of $343.04 million, a PE ratio of 18.28 and a beta of 0.09. The business’s fifty day moving average is $48.89 and its 200 day moving average is $44.11.

Isabella Bank (NASDAQ:ISBA) last posted its earnings results on Thursday, February 5th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.10). The business had revenue of $21.41 million for the quarter. Isabella Bank had a return on equity of 8.17% and a net margin of 16.88%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Isabella Bank in a research report on Monday, December 29th. Zacks Research downgraded shares of Isabella Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Isabella Bank has an average rating of “Hold” and a consensus target price 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.