David Brian Behen Buys 242 Shares of Isabella Bank (NASDAQ:ISBA) Stock

Isabella Bank Corporation (NASDAQ:ISBA) Director David Brian Behen acquired 242 shares of Isabella Bank stock in a transaction on Tuesday, January 20th. The shares were bought at an average cost of $49.58 per share, for a total transaction of $11,998.36. Following the completion of the transaction, the director owned 611 shares in the company, valued at approximately $30,293.38. This trade represents a 65.58% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Isabella Bank Trading Down 1.7%

Shares of ISBA opened at $50.70 on Friday. Isabella Bank Corporation has a 1-year low of $21.50 and a 1-year high of $58.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. The company’s 50-day moving average is $48.34. The company has a market cap of $372.14 million, a price-to-earnings 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 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 business had revenue of $20.47 million during the quarter, compared to analyst estimates of $19.60 million.

Isabella Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Wednesday, December 17th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a 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%.

Analysts Set New Price Targets

ISBA has been the topic of a number of research reports. Piper Sandler boosted their target price on shares of Isabella Bank from $34.00 to $38.50 and gave the company a “neutral” rating in a report on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Isabella Bank in a research note on Monday, December 29th. Finally, Zacks Research cut shares of Isabella Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Isabella Bank has a consensus rating of “Hold” and an average target price of $38.50.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ISBA. Bank of America Corp DE boosted its position in 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. Atlantic Union Bankshares Corp purchased a new position in shares of Isabella Bank in the second quarter worth approximately $77,000. Integrated Wealth Concepts LLC bought a new stake in Isabella Bank during the third quarter valued at approximately $215,000. Susquehanna International Group LLP purchased a new stake in Isabella Bank during the third quarter valued at approximately $217,000. Finally, FourThought Financial Partners LLC bought a new position in Isabella Bank in the second quarter worth approximately $247,000.

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.