Isabella Bank (NASDAQ:ISBA) Director Brian Roy Sackett Purchases 403 Shares of Stock

Isabella Bank Corporation (NASDAQ:ISBA) Director Brian Roy Sackett acquired 403 shares of the stock in a transaction dated Tuesday, January 20th. The shares were bought at an average cost of $49.58 per share, with a total value of $19,980.74. Following the completion of the transaction, the director owned 4,159 shares of the company’s stock, valued at approximately $206,203.22. This represents a 10.73% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Isabella Bank Stock Down 1.7%

Shares of NASDAQ:ISBA opened at $50.70 on Friday. Isabella Bank Corporation has a fifty-two week low of $21.50 and a fifty-two week high of $58.83. The company has a 50 day moving average price of $48.34. 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 firm has a market capitalization of $372.14 million, a PE ratio of 20.61 and a beta of 0.09.

Isabella Bank (NASDAQ:ISBA) last posted its quarterly earnings results on Monday, October 27th. The company reported $0.71 EPS 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 during the quarter, compared to analysts’ expectations of $19.60 million.

Isabella Bank Dividend Announcement

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

Institutional Trading of Isabella Bank

A number of large investors have recently made changes to their positions in the company. Atlantic Union Bankshares Corp purchased a new position in Isabella Bank during the 2nd quarter worth approximately $77,000. Geode Capital Management LLC acquired a new stake in shares of Isabella Bank in the second quarter valued at approximately $1,501,000. FourThought Financial Partners LLC purchased a new position in shares of Isabella Bank during the second quarter worth approximately $247,000. Vanguard Group Inc. increased its holdings 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 valued at $8,669,000 after acquiring an additional 132,551 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Isabella Bank by 2,617.7% in the 3rd 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 during the period.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ISBA. Zacks Research cut Isabella Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Piper Sandler upped their price target on Isabella Bank from $34.00 to $38.50 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Isabella Bank in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.