Isabella Bank Corporation (NASDAQ:ISBA) Plans Quarterly Dividend of $0.28

Isabella Bank Corporation (NASDAQ:ISBA) announced a quarterly dividend on Thursday, November 20th, NASDAQ Dividends reports. Shareholders of record on Wednesday, December 17th will be paid a dividend of 0.28 per share on Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, December 17th.

Isabella Bank Stock Down 1.0%

ISBA stock opened at $49.06 on Monday. Isabella Bank has a twelve month low of $21.50 and a twelve month high of $54.31. 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 firm has a 50 day moving average of $40.26. The company has a market capitalization of $360.10 million, a price-to-earnings ratio of 19.94 and a beta of 0.11.

Isabella Bank (NASDAQ:ISBA) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.11. The business had revenue of $20.47 million during 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%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ISBA. Bank of America Corp DE increased its stake in shares of Isabella Bank by 2,617.7% during 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 last quarter. Atlantic Union Bankshares Corp purchased a new stake in Isabella Bank in the second quarter worth $77,000. Integrated Wealth Concepts LLC bought a new stake in shares of Isabella Bank in the third quarter valued at $215,000. Susquehanna International Group LLP purchased a new position in shares of Isabella Bank during the 3rd quarter valued at $217,000. Finally, FourThought Financial Partners LLC bought a new position in shares of Isabella Bank during the 2nd quarter worth $247,000.

About Isabella Bank

Isabella Bank Corporation operates as the bank holding company for Isabella Bank that provides various banking products and services to businesses, institutions, and individuals and their families. Its deposit products include checking accounts, savings accounts, certificates of deposit, direct deposits, and money market accounts.