Insider Buying: Isabella Bank (NASDAQ:ISBA) Director Buys $11,998.36 in Stock

Isabella Bank Corporation (NASDAQ:ISBA) Director Jill Bourland bought 242 shares of Isabella Bank stock in a transaction dated Tuesday, January 20th. The shares were acquired at an average price of $49.58 per share, with a total value of $11,998.36. Following the completion of the purchase, the director directly owned 5,820 shares in the company, valued at $288,555.60. This trade represents a 4.34% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 acquired at an average price of $50.00 per share, for a total transaction of $300.00.

Isabella Bank Price Performance

Shares of Isabella Bank stock opened at $50.70 on Friday. 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’s fifty day simple moving average is $48.34. 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 $372.14 million, a P/E ratio of 20.61 and a beta of 0.09.

Isabella Bank (NASDAQ:ISBA) last issued its quarterly earnings data 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 company had revenue of $20.47 million for the quarter, compared to analyst estimates of $19.60 million. Isabella Bank had a net margin of 16.65% and a return on equity of 8.01%.

Isabella Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Wednesday, December 17th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Wednesday, December 17th. Isabella Bank’s payout ratio is currently 45.53%.

Institutional Trading of Isabella Bank

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its position 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 period. Atlantic Union Bankshares Corp acquired a new stake in Isabella Bank during the second quarter worth about $77,000. Integrated Wealth Concepts LLC bought a new position in Isabella Bank in the 3rd quarter valued at about $215,000. Susquehanna International Group LLP bought a new position in Isabella Bank in the 3rd quarter valued at about $217,000. Finally, FourThought Financial Partners LLC acquired a new position in shares of Isabella Bank in the 2nd quarter valued at approximately $247,000.

Analyst Upgrades and Downgrades

ISBA has been the subject of several research reports. Piper Sandler boosted their price target on Isabella Bank from $34.00 to $38.50 and gave the company a “neutral” rating in a research note on Friday, October 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Isabella Bank in a report on Monday, December 29th. Finally, Zacks Research downgraded shares of Isabella Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Isabella Bank currently has an average 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.