Isabella Bank (OTCMKTS:ISBA) Posts Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Isabella Bank (OTCMKTS:ISBA) announced its quarterly earnings data on Thursday. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.09), reports. Isabella Bank had a net margin of 16.57% and a return on equity of 8.32%. The business had revenue of $16.71 million during the quarter, compared to analysts’ expectations of $19.05 million.

Isabella Bank Trading Down 1.1 %

Shares of OTCMKTS ISBA traded down $0.20 during trading on Friday, hitting $18.00. 1,462 shares of the company traded hands, compared to its average volume of 2,636. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $135 million, a P/E ratio of 8.49 and a beta of -0.10. The company has a 50-day moving average price of $19.24 and a 200-day moving average price of $20.23. Isabella Bank has a 1 year low of $17.99 and a 1 year high of $24.00.

Isabella Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 27th were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.22%. Isabella Bank’s dividend payout ratio (DPR) is presently 52.83%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler started coverage on shares of Isabella Bank in a research note on Thursday, April 11th. They set a “neutral” rating and a $20.00 price objective for the company.

About Isabella Bank

Isabella Bank Corporation operates as the bank holding company for Isabella Bank that provides various banking products and services to businesses, institutions, and individuals and their families. Its deposit products include checking accounts, savings accounts, certificates of deposit, direct deposits, and money market accounts.