Insider Buying: Isabella Bank (NASDAQ:ISBA) Director Buys $19,980.74 in Stock

Isabella Bank Corporation (NASDAQ:ISBA) Director Brian Roy Sackett purchased 403 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The shares were purchased at an average price of $49.58 per share, for a total transaction of $19,980.74. Following the transaction, the director owned 4,159 shares of the company’s stock, valued at $206,203.22. This trade represents a 10.73% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Isabella Bank Trading Down 2.4%

Shares of Isabella Bank stock traded down $1.24 during trading hours on Friday, reaching $50.34. The stock had a trading volume of 9,878 shares, compared to its average volume of 23,241. The company’s 50 day simple moving average is $48.14. 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 twelve month low of $21.50 and a twelve month high of $58.83. The stock has a market cap of $369.50 million, a price-to-earnings ratio of 20.46 and a beta of 0.09.

Isabella Bank (NASDAQ:ISBA) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.11. The firm had revenue of $20.47 million during 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 firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Wednesday, December 17th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, December 17th. Isabella Bank’s dividend payout ratio is presently 45.53%.

Institutional Trading of Isabella Bank

Several large investors have recently added to or reduced their stakes in ISBA. Bank of America Corp DE raised its holdings 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 acquiring an additional 1,623 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in shares of Isabella Bank in the second quarter valued at about $77,000. Integrated Wealth Concepts LLC acquired a new stake in Isabella Bank during the third quarter worth about $215,000. Susquehanna International Group LLP purchased a new position in Isabella Bank during the third quarter worth about $217,000. Finally, FourThought Financial Partners LLC acquired a new position in Isabella Bank in the 2nd quarter valued at about $247,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ISBA shares. Weiss Ratings restated a “buy (b-)” rating on shares of Isabella Bank in a research report on Monday, December 29th. Zacks Research downgraded shares of Isabella Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Piper Sandler raised their price target on shares of Isabella Bank from $34.00 to $38.50 and gave the company a “neutral” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average 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.