Isabella Bank Corporation (NASDAQ:ISBA) Short Interest Up 43.8% in January

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

Isabella Bank Price Performance

NASDAQ:ISBA opened at $48.18 on Friday. The company’s 50 day moving average price is $49.15. Isabella Bank has a 1-year low of $21.50 and a 1-year high of $58.83. The stock has a market cap of $353.64 million, a price-to-earnings ratio of 19.59 and a beta of 0.09. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82.

Isabella Bank Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ISBA. Zacks Research lowered Isabella Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Isabella Bank in a research note on Monday, December 29th. Finally, Piper Sandler lifted their price objective on shares of Isabella Bank from $34.00 to $38.50 and gave the company a “neutral” rating in a report on Friday, October 31st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $38.50.

Hedge Funds Weigh In On Isabella Bank

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Isabella Bank by 116.9% during the 3rd quarter. Vanguard Group Inc. now owns 245,936 shares of the company’s stock worth $8,669,000 after purchasing an additional 132,551 shares during the last quarter. Geode Capital Management LLC purchased a new stake in shares of Isabella Bank during the second quarter worth approximately $1,501,000. Citadel Advisors LLC acquired a new position in Isabella Bank during the third quarter worth about $630,000. FourThought Financial Partners LLC acquired a new position in shares of Isabella Bank during the 2nd quarter worth approximately $247,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Isabella Bank during the 3rd quarter worth $217,000.

Isabella Bank Company Profile

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.