David Brian Behen Buys 242 Shares of Isabella Bank (NASDAQ:ISBA) Stock

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

Isabella Bank Trading Down 2.4%

Shares of NASDAQ:ISBA traded down $1.24 on Friday, reaching $50.34. 9,878 shares of the company were exchanged, compared to its average volume of 23,241. The stock’s 50-day simple moving average is $48.14. 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 company has a market capitalization of $369.50 million, a price-to-earnings ratio of 20.46 and a beta of 0.09. Isabella Bank Corporation has a 1-year low of $21.50 and a 1-year high of $58.83.

Isabella Bank (NASDAQ:ISBA) last issued its earnings results on Monday, October 27th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $19.60 million.

Isabella Bank Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 2.2%. Isabella Bank’s dividend payout ratio is 45.53%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ISBA shares. Zacks Research lowered shares of Isabella Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Piper Sandler upped their price objective on shares of Isabella Bank from $34.00 to $38.50 and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reissued 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 MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $38.50.

Hedge Funds Weigh In On Isabella Bank

Several hedge funds and other institutional investors have recently made changes to their positions in ISBA. Atlantic Union Bankshares Corp purchased a new stake in Isabella Bank during the 2nd quarter worth $77,000. FourThought Financial Partners LLC acquired a new position in shares of Isabella Bank during the second quarter worth about $247,000. Vanguard Group Inc. boosted 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 worth $8,669,000 after buying an additional 132,551 shares during the period. Geode Capital Management LLC acquired a new stake in shares of Isabella Bank in the second quarter valued at about $1,501,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Isabella Bank in the third quarter valued at about $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.