Short Interest in Isabella Bank Co. (OTCMKTS:ISBA) Rises By 63.6%

Isabella Bank Co. (OTCMKTS:ISBAGet Rating) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,800 shares, an increase of 63.6% from the March 31st total of 1,100 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is presently 2.6 days.

Separately, Zacks Investment Research raised shares of Isabella Bank from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Wednesday, February 16th.

Isabella Bank stock traded down $0.74 during mid-day trading on Friday, reaching $24.75. The company had a trading volume of 1,071 shares, compared to its average volume of 1,192. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.47. Isabella Bank has a 52 week low of $22.51 and a 52 week high of $29.00. The company has a 50 day moving average of $25.28 and a 200-day moving average of $25.95. The firm has a market cap of $186.62 million and a price-to-earnings ratio of 10.62.

Isabella Bank (OTCMKTS:ISBAGet Rating) last issued its quarterly earnings results on Thursday, February 10th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.09. Isabella Bank had a net margin of 25.65% and a return on equity of 8.64%. The firm had revenue of $17.08 million during the quarter, compared to the consensus estimate of $16.30 million. On average, analysts predict that Isabella Bank will post 2.47 earnings per share for the current fiscal year.

About Isabella Bank (Get Rating)

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.

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