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

Isabella Bank Corporation (NASDAQ:ISBA) Director David Brian Behen purchased 242 shares of Isabella Bank stock in a transaction dated Tuesday, January 20th. The shares were purchased at an average price of $49.58 per share, with a total value of $11,998.36. Following the completion of the transaction, the director directly owned 611 shares in the company, valued at approximately $30,293.38. This represents a 65.58% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link.

Isabella Bank Stock Performance

NASDAQ:ISBA opened at $50.70 on Friday. Isabella Bank Corporation has a 52-week low of $21.50 and a 52-week high of $58.83. The company’s fifty day simple moving average is $48.34. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $372.14 million, a price-to-earnings ratio of 20.61 and a beta of 0.09.

Isabella Bank (NASDAQ:ISBA) last announced its earnings results on Monday, October 27th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. The business had revenue of $20.47 million for the quarter, compared to analyst estimates of $19.60 million. Isabella Bank had a return on equity of 8.01% and a net margin of 16.65%.

Isabella Bank Dividend Announcement

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

Hedge Funds Weigh In On Isabella Bank

Several hedge funds and other institutional investors have recently modified their holdings of ISBA. Atlantic Union Bankshares Corp bought a new stake in shares of Isabella Bank in the second quarter worth about $77,000. Geode Capital Management LLC bought a new stake in shares of Isabella Bank in the 2nd quarter worth approximately $1,501,000. FourThought Financial Partners LLC purchased a new position in shares of Isabella Bank during the second quarter valued at approximately $247,000. Vanguard Group Inc. increased its stake in shares of Isabella Bank by 116.9% during the third quarter. Vanguard Group Inc. now owns 245,936 shares of the company’s stock valued at $8,669,000 after buying an additional 132,551 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of 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 in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ISBA shares. Piper Sandler increased 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. Zacks Research lowered shares of Isabella Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Isabella Bank in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.50.

About Isabella Bank

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.