Isabella Bank (NASDAQ:ISBA) Director Purchases 242 Shares

Isabella Bank Corporation (NASDAQ:ISBA - Get Free Report) Director David Brian Behen bought 242 shares of the company's stock in a transaction that occurred on Tuesday, January 20th. The stock was bought at an average price of $49.58 per share, with a total value of $11,998.36. Following the acquisition, the director directly owned 611 shares in the company, valued at $30,293.38. The trade was a 65.58% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.Get Isabella Bank alerts:Isabella Bank Stock Down 2.4%NASDAQ ISBA traded down $1.24 on Friday, reaching $50.34. The stock had a trading volume of 9,878 shares, compared to its average volume of 23,241. 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 company's fifty day moving average price is $48.14. Isabella Bank Corporation has a 12-month low of $21.50 and a 12-month high of $58.83. The company has a market capitalization of $369.50 million, a price-to-earnings ratio of 20.46 and a beta of 0.09. Isabella Bank (NASDAQ:ISBA - Get Free Report) last issued its quarterly earnings data on Monday, October 27th. The company reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.11. The business had revenue of $20.47 million during the quarter, compared to analysts' expectations of $19.60 million. Isabella Bank had a return on equity of 8.01% and a net margin of 16.65%.Isabella Bank Announces DividendThe firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Wednesday, December 17th were issued a dividend of $0.28 per share. The ex-dividend date was Wednesday, December 17th. This represents a $1.12 dividend on an annualized basis and a yield of 2.2%. Isabella Bank's dividend payout ratio is 45.53%. Wall Street Analyst Weigh InSeveral analysts have recently issued reports on ISBA shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of Isabella Bank in a research note on Monday, December 29th. Zacks Research lowered Isabella Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 29th. Finally, Piper Sandler lifted their price objective on Isabella Bank from $34.00 to $38.50 and gave the company a "neutral" rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $38.50.Check Out Our Latest Analysis on Isabella BankInstitutional Trading of Isabella BankHedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of Isabella Bank by 2,617.7% during the third quarter. Bank of America Corp DE now owns 1,685 shares of the company's stock worth $59,000 after acquiring an additional 1,623 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in Isabella Bank in the second quarter valued at about $77,000. Integrated Wealth Concepts LLC purchased a new stake in Isabella Bank in the 3rd quarter valued at approximately $215,000. Susquehanna International Group LLP acquired a new position in Isabella Bank during the 3rd quarter worth approximately $217,000. Finally, FourThought Financial Partners LLC purchased a new position in shares of Isabella Bank during the 2nd quarter worth approximately $247,000. 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.Further ReadingFive stocks we like better than Isabella BankElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthDo not delete, read immediatelyRefund From 1933: Trump’s Reset May Create Instant WealthThe $100 Trillion AI Story No One Is Telling YouThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Isabella Bank Right Now?Before you consider Isabella Bank, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Isabella Bank wasn't on the list.While Isabella Bank currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here