Isabella Bank (NASDAQ:ISBA) Downgraded by Zacks Research to Strong Sell

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

A number of other research analysts also recently commented on the stock. Piper Sandler decreased their price objective on shares of Isabella Bank from $47.00 to $43.00 and set a “neutral” rating for the company in a research report on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Isabella Bank in a report on Tuesday, June 30th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Isabella Bank has a consensus rating of “Hold” and a consensus target price of $43.00.

Isabella Bank Trading Up 2.0%

NASDAQ ISBA opened at $39.98 on Monday. Isabella Bank has a 52 week low of $29.00 and a 52 week high of $58.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 0.81. The stock’s 50 day moving average price is $40.57 and its two-hundred day moving average price is $44.77. The stock has a market capitalization of $293.05 million, a price-to-earnings ratio of 14.70 and a beta of 0.01.

Isabella Bank (NASDAQ:ISBA) last issued its earnings results on Thursday, July 23rd. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.23). Isabella Bank had a return on equity of 8.64% and a net margin of 16.78%.The firm had revenue of $21.86 million for the quarter, compared to analyst estimates of $23.00 million. As a group, analysts anticipate that Isabella Bank will post 3.24 earnings per share for the current fiscal year.

Isabella Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 26th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, June 26th. Isabella Bank’s dividend payout ratio is 41.18%.

Hedge Funds Weigh In On Isabella Bank

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ISBA. Geode Capital Management LLC increased its holdings in shares of Isabella Bank by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 77,481 shares of the company’s stock valued at $3,876,000 after purchasing an additional 736 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Isabella Bank during the 4th quarter worth about $1,186,000. Millennium Management LLC acquired a new stake in shares of Isabella Bank during the 4th quarter worth about $655,000. LPL Financial LLC bought a new stake in shares of Isabella Bank during the 4th quarter worth about $528,000. Finally, State Street Corp boosted its holdings in shares of Isabella Bank by 27.9% during the 4th quarter. State Street Corp now owns 8,591 shares of the company’s stock worth $430,000 after buying an additional 1,872 shares during the period.

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.