Insider Buying: Isabella Bank (NASDAQ:ISBA) Director Acquires $19,980.74 in Stock

Isabella Bank Corporation (NASDAQ:ISBA) Director Brian Roy Sackett purchased 403 shares of Isabella Bank stock in a transaction that occurred on Tuesday, January 20th. The stock was purchased at an average price of $49.58 per share, with a total value of $19,980.74. Following the completion of the purchase, the director directly owned 4,159 shares in the company, valued at $206,203.22. This trade represents a 10.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Isabella Bank Price Performance

ISBA stock opened at $50.70 on Monday. Isabella Bank Corporation has a fifty-two week low of $21.50 and a fifty-two week high of $58.83. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a market cap of $372.14 million, a PE ratio of 20.61 and a beta of 0.09. The stock’s fifty day moving average price is $48.34.

Isabella Bank (NASDAQ:ISBA) last announced its earnings results on Monday, October 27th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. Isabella Bank had a net margin of 16.65% and a return on equity of 8.01%. The company had revenue of $20.47 million during the quarter, compared to analysts’ expectations of $19.60 million.

Isabella Bank Announces Dividend

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. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.12 dividend on an annualized basis and a yield of 2.2%. Isabella Bank’s payout ratio is currently 45.53%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Isabella Bank by 116.9% during the third 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 acquired a new position in shares of Isabella Bank during the 2nd quarter worth $1,501,000. Citadel Advisors LLC bought a new stake in shares of Isabella Bank during the 3rd quarter worth $630,000. FourThought Financial Partners LLC acquired a new stake in Isabella Bank in the second quarter valued at about $247,000. Finally, Susquehanna International Group LLP bought a new position in Isabella Bank in the third quarter valued at about $217,000.

Analysts Set New Price Targets

ISBA has been the subject of a number of analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Isabella Bank in a research report on Monday, December 29th. Zacks Research lowered Isabella Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Piper Sandler upped their target price on Isabella Bank from $34.00 to $38.50 and gave the company a “neutral” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $38.50.

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.