Isabella Bank (NASDAQ:ISBA – Get Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Thursday, Zacks reports.
A number of other brokerages have also commented on ISBA. Piper Sandler decreased their price target on shares of Isabella Bank from $47.00 to $43.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of Isabella Bank in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Isabella Bank presently has a consensus rating of “Hold” and a consensus target price of $43.00.
Isabella Bank Stock Performance
Isabella Bank (NASDAQ:ISBA – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.23). Isabella Bank had a net margin of 16.78% and a return on equity of 8.48%. The business had revenue of $22.68 million during the quarter, compared to the consensus estimate of $23.00 million. As a group, equities research analysts predict that Isabella Bank will post 3.24 EPS for the current year.
Institutional Investors Weigh In On Isabella Bank
Institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc bought a new stake in shares of Isabella Bank in the second quarter valued at approximately $27,000. Deutsche Bank AG acquired a new position in Isabella Bank in the 2nd quarter valued at $268,000. Gradient Investments LLC acquired a new position in Isabella Bank in the 2nd quarter valued at $337,000. Dimensional Fund Advisors LP bought a new stake in shares of Isabella Bank during the 1st quarter valued at $403,000. Finally, Bank of America Corp DE lifted its position in shares of Isabella Bank by 115.7% during the 1st quarter. Bank of America Corp DE now owns 9,316 shares of the company’s stock valued at $425,000 after acquiring an additional 4,998 shares during the period.
Isabella Bank Company Profile
Isabella Bank Corporation is a bank holding company headquartered in Mount Pleasant, Michigan. Through its subsidiary, Isabella Bank, the company provides community banking services to individuals, families, businesses and organizations.
Isabella Bank’s offerings include checking and savings accounts, certificates of deposit, consumer loans, residential mortgage lending, commercial loans and lines of credit. The bank also provides treasury management and other business banking services, along with investment, trust and wealth management services through its financial services operations.
Founded in 1903, Isabella Bank serves customers through a network of banking offices and automated teller machines in central Michigan.
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