Brian Roy Sackett Purchases 403 Shares of Isabella Bank (NASDAQ:ISBA) Stock

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

Isabella Bank Trading Down 2.4%

Isabella Bank stock traded down $1.24 during mid-day trading on Friday, hitting $50.34. The company’s stock had a trading volume of 9,878 shares, compared to its average volume of 23,241. Isabella Bank Corporation has a 1 year low of $21.50 and a 1 year high of $58.83. 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 has a market cap of $369.50 million, a price-to-earnings ratio of 20.46 and a beta of 0.09. The business has a fifty day moving average price of $48.14.

Isabella Bank (NASDAQ:ISBA) last announced its quarterly earnings results on Monday, October 27th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.60 by $0.11. The business 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 Announces Dividend

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

Hedge Funds Weigh In On Isabella Bank

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in shares of Isabella Bank by 2,617.7% in the 3rd quarter. Bank of America Corp DE now owns 1,685 shares of the company’s stock valued at $59,000 after buying an additional 1,623 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Isabella Bank during the second quarter worth $77,000. Integrated Wealth Concepts LLC purchased a new position in Isabella Bank in the third quarter worth $215,000. Susquehanna International Group LLP acquired a new stake in Isabella Bank in the third quarter valued at $217,000. Finally, FourThought Financial Partners LLC purchased a new stake in shares of Isabella Bank during the 2nd quarter worth $247,000.

Analysts Set New Price Targets

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