Isabella Bank (ISBA) Expected to Announce Earnings on Thursday

Isabella Bank (OTCMKTS:ISBA) is expected to post its quarterly earnings results before the market opens on Thursday, July 24th. Analysts expect Isabella Bank to post earnings of $0.55 per share and revenue of $18.60 million for the quarter.

Isabella Bank (OTCMKTS:ISBA) last announced its earnings results on Thursday, April 17th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. Isabella Bank had a net margin of 13.28% and a return on equity of 7.34%. The firm had revenue of $18.05 million during the quarter, compared to analyst estimates of $18.50 million. On average, analysts expect Isabella Bank to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Isabella Bank Trading Down 1.0%

Isabella Bank stock opened at $31.69 on Thursday. The firm has a 50-day moving average of $30.30 and a 200-day moving average of $26.67. Isabella Bank has a one year low of $17.55 and a one year high of $44.99. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $233.97 million, a price-to-earnings ratio of 17.04 and a beta of 0.10.

Isabella Bank announced that its Board of Directors has initiated a stock buyback plan on Thursday, May 1st that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Isabella Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, June 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.53%. Isabella Bank’s dividend payout ratio is 56.85%.

Insider Transactions at Isabella Bank

In other Isabella Bank news, Treasurer Michael P. Prisby sold 1,000 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $27.89, for a total value of $27,890.00. Following the transaction, the treasurer directly owned 18,658 shares of the company’s stock, valued at $520,371.62. This represents a 5.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have bought 391 shares of company stock valued at $10,712. Company insiders own 9.70% of the company’s stock.

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.