Piper Sandler Forecasts Strong Price Appreciation for Isabella Bank (OTCMKTS:ISBA) Stock

Isabella Bank (OTCMKTS:ISBA) had its price target raised by Piper Sandler from $26.50 to $28.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s price target suggests a potential upside of 8.53% from the company’s current price.

Isabella Bank Stock Performance

ISBA traded up $0.01 during trading on Monday, hitting $25.80. The stock had a trading volume of 300 shares, compared to its average volume of 1,141. The company has a 50 day moving average price of $25.52 and a 200-day moving average price of $22.43. The firm has a market cap of $191.69 million, a price-to-earnings ratio of 13.87 and a beta of 0.02. Isabella Bank has a one year low of $17.55 and a one year high of $26.23. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.81 and a quick ratio of 0.81.

Isabella Bank (OTCMKTS:ISBA) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.52 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts predict that Isabella Bank will post 2.4 EPS for the current year.

About Isabella Bank

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.