Isabella Bank (NASDAQ:ISBA) President Buys 303 Shares

by · The Markets Daily

Isabella Bank Corporation (NASDAQ:ISBA – Get Free Report) President Neil Michael Mcdonnell bought 303 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The shares were bought at an average cost of $49.58 per share, for a total transaction of $15,022.74. Following the completion of the purchase, the president owned 9,870 shares of the company’s stock, valued at $489,354.60. This represents a 3.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Isabella Bank Stock Performance

Shares of NASDAQ ISBA traded down $1.24 during trading on Friday, hitting $50.34. 9,878 shares of the company traded hands, compared to its average volume of 23,241. The firm has a fifty day moving average of $48.14. Isabella Bank Corporation has a fifty-two week low of $21.50 and a fifty-two week high of $58.83. The firm has a market cap of $369.50 million, a price-to-earnings ratio of 20.46 and a beta of 0.09. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82.

Isabella Bank (NASDAQ:ISBA – Get Free Report) last issued its earnings results on Monday, October 27th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.60 by $0.11. Isabella Bank had a return on equity of 8.01% and a net margin of 16.65%.The company had revenue of $20.47 million during the quarter, compared to the consensus estimate of $19.60 million.

Isabella Bank Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ISBA shares. Zacks Research cut shares of Isabella Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Piper Sandler boosted their price target on shares of Isabella Bank from $34.00 to $38.50 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Isabella Bank in a research note 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $38.50.

Read Our Latest Research Report on ISBA

Institutional Trading of Isabella Bank

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in Isabella Bank by 2,617.7% in the 3rd quarter. Bank of America Corp DE now owns 1,685 shares of the company’s stock worth $59,000 after purchasing 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 about $77,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Isabella Bank in the third quarter worth about $215,000. Susquehanna International Group LLP bought a new position in shares of Isabella Bank in the third quarter valued at approximately $217,000. Finally, FourThought Financial Partners LLC purchased a new position in Isabella Bank during the second quarter valued at approximately $247,000.

About Isabella Bank

(Get Free Report)

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.

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