Short Interest in Isabella Bank Corporation (NASDAQ:ISBA) Increases By 43.8%

Isabella Bank Corporation (NASDAQ:ISBA) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 87,059 shares, an increase of 43.8% from the December 31st total of 60,528 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average trading volume of 21,400 shares, the short-interest ratio is currently 4.1 days. Based on an average trading volume of 21,400 shares, the short-interest ratio is currently 4.1 days. Approximately 1.2% of the company’s stock are sold short.

Wall Street Analyst Weigh In

ISBA has been the topic of a number of recent analyst reports. Piper Sandler boosted their price objective on Isabella Bank from $34.00 to $38.50 and gave the stock a “neutral” rating in a report on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Isabella Bank in a report on Monday, December 29th. Finally, Zacks Research cut Isabella Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $38.50.

Isabella Bank Price Performance

NASDAQ:ISBA opened at $49.73 on Tuesday. The stock has a market cap of $365.02 million, a P/E ratio of 20.22 and a beta of 0.09. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Isabella Bank has a 1-year low of $21.50 and a 1-year high of $58.83. The stock has a 50-day simple moving average of $49.28.

Isabella Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Wednesday, December 17th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Wednesday, December 17th. Isabella Bank’s dividend payout ratio (DPR) is 45.53%.

Hedge Funds Weigh In On Isabella Bank

A number of hedge funds have recently modified their holdings of ISBA. CWM LLC purchased a new stake in Isabella Bank in the 4th quarter worth about $38,000. Bank of America Corp DE grew its stake in shares of Isabella Bank by 2,617.7% during the third quarter. Bank of America Corp DE now owns 1,685 shares of the company’s stock valued at $59,000 after buying an additional 1,623 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Isabella Bank in the second quarter worth approximately $77,000. Integrated Wealth Concepts LLC bought a new stake in shares of Isabella Bank during the 3rd quarter worth approximately $215,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Isabella Bank during the 3rd quarter worth approximately $217,000.

About Isabella Bank

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.