Key Points
- Director Jill Bourland acquired 242 shares of Isabella Bank (ISBA) on January 20 at an average price of $49.58, spending $11,998.36 and increasing her stake to 5,820 shares (a 4.34% increase), as disclosed on an SEC Form 4.
- Isabella Bank recently beat quarterly estimates with EPS of $0.71 versus $0.60 and revenue of $20.47M, and it pays a quarterly dividend of $0.28 (annualized $1.12) for a 2.2% yield and a 45.53% payout ratio.
- The stock has a market capitalization of about $371.3M and a P/E of 20.56, trades in a 12‑month range of $21.50–$58.83, and carries a MarketBeat consensus rating of Hold with an average target price of $38.50.
Isabella Bank Corporation (NASDAQ:ISBA - Get Free Report) Director Jill Bourland acquired 242 shares of Isabella Bank stock in a transaction dated Tuesday, January 20th. The shares were acquired at an average cost of $49.58 per share, with a total value of $11,998.36. Following the completion of the acquisition, 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 document filed with the SEC, which is accessible through this link.
Jill Bourland also recently made the following trade(s):
- On Friday, January 16th, Jill Bourland bought 6 shares of Isabella Bank stock. The stock was acquired at an average cost of $50.00 per share, for a total transaction of $300.00.
Isabella Bank Stock Up 1.1%
Shares of ISBA opened at $50.58 on Thursday. 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 business's 50-day simple moving average is $47.95. The company has a market capitalization of $371.26 million, a PE ratio of 20.56 and a beta of 0.09. Isabella Bank Corporation has a 12 month low of $21.50 and a 12 month high of $58.83.
Isabella Bank (NASDAQ:ISBA - Get Free Report) last released 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 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 issued a $0.28 dividend. 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 payout ratio is presently 45.53%.
Wall Street Analyst Weigh In
Several brokerages have weighed in on ISBA. Weiss Ratings reissued a "buy (b-)" rating on shares of Isabella Bank in a 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 upped their target price 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 equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $38.50.
Get Our Latest Report on ISBA
Institutional Investors Weigh In On Isabella Bank
Several large investors have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp bought a new stake in Isabella Bank in the 2nd quarter valued at $77,000. Geode Capital Management LLC acquired a new position in shares of Isabella Bank during the second quarter worth about $1,501,000. FourThought Financial Partners LLC bought a new position in shares of Isabella Bank during the second quarter worth about $247,000. Vanguard Group Inc. grew its stake in shares of 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 acquiring an additional 132,551 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings 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 valued at $59,000 after purchasing an additional 1,623 shares during the last quarter.
Isabella Bank Company Profile
(
Get Free Report)
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.
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