Jill Bourland Acquires 242 Shares of Isabella Bank (NASDAQ:ISBA) Stock
by Mitch Edgeman · The Markets DailyIsabella Bank Corporation (NASDAQ:ISBA – Get Free Report) Director Jill Bourland purchased 242 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The shares were purchased at an average cost of $49.58 per share, with a total value of $11,998.36. Following the completion of the acquisition, the director owned 5,820 shares in the company, valued at $288,555.60. The trade was a 4.34% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.
Jill Bourland also recently made the following trade(s):
- On Friday, January 16th, Jill Bourland purchased 6 shares of Isabella Bank stock. The stock was acquired at an average price of $50.00 per share, with a total value of $300.00.
Isabella Bank Price Performance
Shares of NASDAQ ISBA traded up $0.57 during mid-day trading on Wednesday, reaching $50.58. 21,628 shares of the company’s stock traded hands, compared to its average volume of 20,197. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82. The business has a 50-day moving average of $47.95. Isabella Bank Corporation has a 1-year low of $21.50 and a 1-year high of $58.83. The company has a market capitalization of $371.26 million, a PE ratio of 21.28 and a beta of 0.09.
Isabella Bank (NASDAQ:ISBA – Get Free Report) last posted its quarterly earnings data on Monday, October 27th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.60 by $0.11. The business had revenue of $20.47 million for the quarter, compared to the consensus estimate of $19.60 million. Isabella Bank had a return on equity of 8.01% and a net margin of 16.65%.
Isabella Bank Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Wednesday, December 17th were paid a $0.28 dividend. The ex-dividend date 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 presently 45.53%.
Institutional Trading of Isabella Bank
Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its position in Isabella Bank by 2,617.7% during the third quarter. Bank of America Corp DE now owns 1,685 shares of the company’s stock valued at $59,000 after acquiring an additional 1,623 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Isabella Bank during the second quarter valued at approximately $77,000. Integrated Wealth Concepts LLC bought a new stake in shares of Isabella Bank in the 3rd quarter worth $215,000. Susquehanna International Group LLP bought a new stake in Isabella Bank during the third quarter worth approximately $217,000. Finally, FourThought Financial Partners LLC purchased a new stake in Isabella Bank during the second quarter valued at about $247,000.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Isabella Bank in a research report on Monday, December 29th. Zacks Research cut Isabella Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Piper Sandler upped their target price on Isabella Bank from $34.00 to $38.50 and gave the stock a “neutral” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $38.50.
Get Our Latest Stock Analysis on Isabella Bank
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.