Isabella Bank (ISBA) Soars 9.3%: Is Further Upside Left in the Stock?

Isabella Bank Corporation (ISBA) shares rallied 9.3% in the last trading session to close at $31.85. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 7.2% gain over the past four weeks.Solid job market data has pushed interest rate cut expectations to the latter half of the year. Hence, higher interest rates for a longer time are likely to support banks’ net interest income and margin. So, investors turned optimistic toward Isabella Bank Corporation stock, driving it higher.This company is expected to post quarterly earnings of $0.55 per share in its upcoming report, which represents a year-over-year change of +19.6%. Revenues are expected to be $18.4 million, up 7.2% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Isabella Bank, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on ISBA going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Isabella Bank is part of the Zacks Banks - Northeast industry. HarborOne Bancorp (HONE), another stock in the same industry, closed the last trading session 1.7% higher at $11.67. HONE has returned -2.3% in the past month.HarborOne Bancorp's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.19. Compared to the company's year-ago EPS, this represents a change of +5.6%. HarborOne Bancorp currently boasts a Zacks Rank of #5 (Strong Sell).Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Isabella Bank Corporation (ISBA): Free Stock Analysis Report HarborOne Bancorp, Inc. (HONE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks