Key Points
- Insider purchase: Isabella Bank President Neil Michael Mcdonnell bought 303 shares on Jan. 20 at an average price of $49.58, spending about $15,022 and increasing his direct stake to 9,870 shares (a 3.17% rise).
- Recent results & dividend: The bank reported $0.71 EPS versus a $0.60 estimate and $20.47M in revenue, and it pays a quarterly $0.28 dividend (annualized $1.12) representing a 2.2% yield and a 45.53% payout ratio.
- Institutional and analyst context: Vanguard more than doubled its holding (up 116.9% to 245,936 shares), while analysts hold a consensus "Hold" rating with an average target of $38.50, below the recent market price (~$50.70).
Isabella Bank Corporation (NASDAQ:ISBA - Get Free Report) Director David Brian Behen bought 242 shares of the company's stock in a transaction dated Tuesday, January 20th. The stock was bought at an average cost of $49.58 per share, with a total value 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 purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Isabella Bank Price Performance
Shares of NASDAQ 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 stock has a market capitalization of $372.14 million, a PE ratio of 20.61 and a beta of 0.09. The company's 50-day moving average is $48.34. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82.
Isabella Bank (NASDAQ:ISBA - Get Free Report) last posted 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. Isabella Bank had a return on equity of 8.01% and a net margin of 16.65%.The business had revenue of $20.47 million for the quarter, compared to analysts' expectations 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 given a dividend of $0.28 per share. The ex-dividend date was Wednesday, December 17th. This represents a $1.12 annualized dividend and a dividend yield of 2.2%. Isabella Bank's payout ratio is currently 45.53%.
Institutional Trading of Isabella Bank
Several hedge funds have recently bought and sold shares of ISBA. Atlantic Union Bankshares Corp bought a new stake in shares of Isabella Bank during the 2nd quarter valued at $77,000. Geode Capital Management LLC purchased a new stake in Isabella Bank in the 2nd quarter worth $1,501,000. FourThought Financial Partners LLC bought a new position in Isabella Bank during the second quarter valued at approximately $247,000. Vanguard Group Inc. boosted its position 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 valued at $8,669,000 after acquiring an additional 132,551 shares during the last quarter. Finally, Bank of America Corp DE grew 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 in the last quarter.
Wall Street Analyst Weigh In
Several equities analysts have commented on ISBA shares. Zacks Research lowered Isabella Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 29th. Piper Sandler increased their price target on shares of Isabella Bank from $34.00 to $38.50 and gave the stock a "neutral" rating in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Isabella Bank in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $38.50.
View Our Latest Stock Analysis on ISBA
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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