Insider Buying: Isabella Bank (NASDAQ:ISBA) President Acquires $15,022.74 in Stock

Isabella Bank Corporation (NASDAQ:ISBA) President Neil Michael Mcdonnell bought 303 shares of the company’s stock in a transaction on Tuesday, January 20th. The shares were acquired at an average price of $49.58 per share, for a total transaction of $15,022.74. Following the transaction, the president directly owned 9,870 shares in the company, valued at $489,354.60. This trade represents a 3.17% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Isabella Bank Price Performance

ISBA opened at $50.70 on Monday. Isabella Bank Corporation has a 12 month low of $21.50 and a 12 month 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 50 day simple moving average of $48.34. The firm has a market cap of $372.14 million, a PE ratio of 20.61 and a beta of 0.09.

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

Isabella Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Wednesday, December 17th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.12 annualized dividend and a yield of 2.2%. Isabella Bank’s payout ratio is currently 45.53%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Zacks Research cut Isabella Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Isabella Bank in a research note on Monday, December 29th. Finally, Piper Sandler lifted their target price on shares of Isabella Bank from $34.00 to $38.50 and gave the stock a “neutral” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.50.

Institutional Trading of Isabella Bank

A number of large investors have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp purchased a new stake in Isabella Bank during the 2nd quarter worth about $77,000. Geode Capital Management LLC acquired a new stake in shares of Isabella Bank during the 2nd quarter worth about $1,501,000. FourThought Financial Partners LLC purchased a new stake in shares of Isabella Bank during the second quarter worth about $247,000. Vanguard Group Inc. raised its position in shares of Isabella Bank by 116.9% in the third quarter. Vanguard Group Inc. now owns 245,936 shares of the company’s stock valued at $8,669,000 after buying an additional 132,551 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Isabella Bank by 2,617.7% in the third quarter. Bank of America Corp DE now owns 1,685 shares of the company’s stock valued at $59,000 after buying an additional 1,623 shares during the last quarter.

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.