Isabella Bank Co. (OTCMKTS:ISBA) Declares $0.28 Quarterly Dividend

Isabella Bank Co. (OTCMKTS:ISBA) declared a quarterly dividend on Monday, February 24th, RTT News reports. Shareholders of record on Thursday, March 27th will be paid a dividend of 0.28 per share on Monday, March 31st. This represents a $1.12 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date is Thursday, March 27th.

Isabella Bank Stock Down 0.9 %

Shares of OTCMKTS:ISBA opened at $23.38 on Tuesday. The company has a 50 day moving average price of $24.82 and a two-hundred day moving average price of $23.72. The company has a market capitalization of $173.36 million, a PE ratio of 12.57 and a beta of 0.03. Isabella Bank has a 52 week low of $17.55 and a 52 week high of $26.23. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.81.

Isabella Bank (OTCMKTS:ISBA) last posted its earnings results on Thursday, January 30th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. Isabella Bank had a return on equity of 7.34% and a net margin of 13.28%. Analysts forecast that Isabella Bank will post 2.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler raised their price objective on shares of Isabella Bank from $26.50 to $28.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd.

Isabella Bank Company Profile

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.