Isabella Bank (NASDAQ:ISBA) President Neil Michael Mcdonnell Buys 303 Shares

Isabella Bank Corporation (NASDAQ:ISBA) President Neil Michael Mcdonnell bought 303 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The shares were bought 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Isabella Bank Trading Down 1.7%

NASDAQ:ISBA opened at $50.70 on Friday. Isabella Bank Corporation has a 12 month low of $21.50 and a 12 month high of $58.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $372.14 million, a PE ratio of 20.61 and a beta of 0.09. The business has a fifty day moving average of $48.34.

Isabella Bank (NASDAQ:ISBA) 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%.

Hedge Funds Weigh In On Isabella Bank

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew 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 worth $8,669,000 after acquiring an additional 132,551 shares in the last quarter. Geode Capital Management LLC purchased a new position in Isabella Bank during the second quarter worth about $1,501,000. Citadel Advisors LLC purchased a new position in Isabella Bank during the third quarter worth about $630,000. FourThought Financial Partners LLC bought a new stake in Isabella Bank in the 2nd quarter worth about $247,000. Finally, Susquehanna International Group LLP purchased a new stake in Isabella Bank in the 3rd quarter valued at about $217,000.

Analyst Ratings Changes

Several analysts recently issued reports on ISBA shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Isabella Bank in a research report on Monday, December 29th. Zacks Research cut shares of Isabella Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Piper Sandler boosted 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 investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Isabella Bank has a consensus rating of “Hold” and an average price target of $38.50.

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.