Isabella Bank (NASDAQ:ISBA) Director Purchases $11,998.36 in Stock

Isabella Bank Corporation (NASDAQ:ISBA) Director David Brian Behen acquired 242 shares of the stock in a transaction dated Tuesday, January 20th. The stock was purchased at an average cost of $49.58 per share, with a total value of $11,998.36. Following the purchase, the director directly owned 611 shares of the company’s stock, valued at $30,293.38. This trade represents a 65.58% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Isabella Bank Price Performance

NASDAQ:ISBA opened at $50.70 on Monday. Isabella Bank Corporation has a one year low of $21.50 and a one year high of $58.83. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a market cap of $372.14 million, a P/E ratio of 20.61 and a beta of 0.09. The stock’s 50 day simple moving average is $48.34.

Isabella Bank (NASDAQ:ISBA) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.11. The firm had revenue of $20.47 million during 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 Dividend Announcement

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Isabella Bank by 116.9% in the 3rd quarter. Vanguard Group Inc. now owns 245,936 shares of the company’s stock valued at $8,669,000 after purchasing an additional 132,551 shares during the period. Geode Capital Management LLC acquired a new stake in Isabella Bank during the second quarter worth approximately $1,501,000. Citadel Advisors LLC bought a new stake in Isabella Bank in the third quarter worth approximately $630,000. FourThought Financial Partners LLC bought a new stake in Isabella Bank in the second quarter worth approximately $247,000. Finally, Susquehanna International Group LLP acquired a new position in Isabella Bank in the third quarter valued at approximately $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.