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

Isabella Bank Corporation (NASDAQ:ISBA) Director Brian Roy Sackett acquired 403 shares of the company’s stock in a transaction on Tuesday, January 20th. The shares were purchased at an average cost of $49.58 per share, with a total value of $19,980.74. Following the completion of the purchase, the director directly owned 4,159 shares of the company’s stock, valued at $206,203.22. This trade represents a 10.73% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Isabella Bank Stock Down 1.7%

ISBA stock opened at $50.70 on Friday. Isabella Bank Corporation has a twelve month low of $21.50 and a twelve month high of $58.83. The company has a market capitalization of $372.14 million, a PE ratio of 20.61 and a beta of 0.09. 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 fifty day moving average price is $48.34.

Isabella Bank (NASDAQ:ISBA) last released its quarterly earnings results on Monday, October 27th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.11. Isabella Bank had a net margin of 16.65% and a return on equity of 8.01%. The firm had revenue of $20.47 million during the quarter, compared to analysts’ expectations of $19.60 million.

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 paid 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 dividend payout ratio is currently 45.53%.

Institutional Investors Weigh In On Isabella Bank

A number of institutional investors and hedge funds have recently bought and sold shares of the company. 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 worth $59,000 after buying an additional 1,623 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in Isabella Bank in the second quarter worth about $77,000. Integrated Wealth Concepts LLC bought a new position in Isabella Bank during the 3rd quarter worth about $215,000. Susquehanna International Group LLP bought a new position in Isabella Bank during the 3rd quarter worth about $217,000. Finally, FourThought Financial Partners LLC purchased a new position in Isabella Bank during the 2nd quarter valued at about $247,000.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Piper Sandler boosted their price objective on Isabella Bank from $34.00 to $38.50 and gave the company a “neutral” rating in a report on Friday, October 31st. Zacks Research lowered shares of Isabella Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Isabella Bank in a report 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. According to MarketBeat, Isabella Bank has an average rating of “Hold” and a consensus price target 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.