Insider Buying: Isabella Bank (NASDAQ:ISBA) Director Acquires 242 Shares of Stock

Isabella Bank Corporation (NASDAQ:ISBA) Director Jill Bourland bought 242 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was purchased at an average price of $49.58 per share, for a total transaction of $11,998.36. Following the acquisition, the director directly owned 5,820 shares in the company, valued at approximately $288,555.60. This trade represents a 4.34% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jill Bourland also recently made the following trade(s):

• On Friday, January 16th, Jill Bourland purchased 6 shares of Isabella Bank stock. The stock was bought at an average cost of $50.00 per share, for a total transaction of $300.00.

Isabella Bank Trading Up 1.1%

Shares of Isabella Bank stock traded up $0.57 during midday trading on Wednesday, reaching $50.58. The company had a trading volume of 21,628 shares, compared to its average volume of 20,197. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Isabella Bank Corporation has a 1-year low of $21.50 and a 1-year high of $58.83. The firm has a market cap of $371.26 million, a P/E ratio of 21.28 and a beta of 0.09. The company’s fifty day moving average is $47.95.

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

Isabella Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Wednesday, December 17th were issued a dividend of $0.28 per share. 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 payout ratio is presently 45.53%.

Hedge Funds Weigh In On Isabella Bank

Several large investors have recently made changes to their positions in ISBA. Susquehanna International Group LLP bought a new position in shares of Isabella Bank during the 3rd quarter valued at approximately $217,000. Integrated Wealth Concepts LLC acquired a new stake in Isabella Bank in the 3rd quarter worth approximately $215,000. Citadel Advisors LLC purchased a new position in Isabella Bank in the 3rd quarter worth $630,000. Bank of America Corp DE raised its stake in shares of Isabella Bank by 2,617.7% in the third 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. Finally, Vanguard Group Inc. raised its position in Isabella Bank by 116.9% during the 3rd 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 last quarter.

Analysts Set New Price Targets

A number of research analysts recently weighed in 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 lifted their target price on shares of Isabella Bank from $34.00 to $38.50 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Isabella Bank in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.