Isabella Bank Corporation (NASDAQ:ISBA) Announces $0.28 Quarterly Dividend

Isabella Bank Corporation (NASDAQ:ISBA) declared a quarterly dividend on Wednesday, August 26th. Stockholders of record on Monday, September 28th will be paid a dividend of 0.28 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, September 28th.

Isabella Bank Trading Up 0.2%

NASDAQ ISBA opened at $38.54 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.84 and a quick ratio of 0.84. The firm’s fifty day moving average price is $39.91 and its 200 day moving average price is $43.29. The company has a market capitalization of $294.02 million, a price-to-earnings ratio of 14.17 and a beta of 0.01. Isabella Bank has a 12 month low of $31.20 and a 12 month high of $58.83.

Isabella Bank (NASDAQ:ISBA) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.23). Isabella Bank had a net margin of 16.78% and a return on equity of 8.48%. The company had revenue of $22.68 million during the quarter, compared to analysts’ expectations of $23.00 million. On average, sell-side analysts expect that Isabella Bank will post 3.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc purchased a new stake in shares of Isabella Bank in the second quarter valued at about $27,000. Geode Capital Management LLC grew its holdings in shares of Isabella Bank by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 77,481 shares of the company’s stock worth $3,876,000 after buying an additional 736 shares during the last quarter. CWM LLC acquired a new position in Isabella Bank in the 4th quarter valued at about $38,000. Bank of America Corp DE increased its position in 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 acquiring an additional 1,623 shares during the period. Finally, State Street Corp raised its stake in Isabella Bank by 27.9% during the 4th quarter. State Street Corp now owns 8,591 shares of the company’s stock valued at $430,000 after acquiring an additional 1,872 shares during the last quarter.

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.