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

Isabella Bank Corporation (NASDAQ:ISBA) declared a quarterly dividend on Thursday, November 20th, NASDAQ Dividends reports. Investors of record on Wednesday, December 17th will be given a dividend of 0.28 per share on Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, December 17th.

Isabella Bank Stock Performance

NASDAQ:ISBA opened at $49.06 on Monday. 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 has a fifty-two week low of $21.50 and a fifty-two week high of $54.31. The firm’s 50 day moving average price is $40.26. The firm has a market cap of $360.10 million, a P/E ratio of 19.94 and a beta of 0.11.

Isabella Bank (NASDAQ:ISBA) last posted its quarterly earnings data on Monday, October 27th. The company reported $0.71 EPS for the quarter, beating 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 company had revenue of $20.47 million for the quarter, compared to analyst estimates of $19.60 million.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ISBA. Atlantic Union Bankshares Corp bought a new position in Isabella Bank in the second quarter worth approximately $77,000. Geode Capital Management LLC acquired a new position in shares of Isabella Bank during the second quarter worth approximately $1,501,000. FourThought Financial Partners LLC bought a new position in shares of Isabella Bank in the 2nd quarter worth $247,000. Vanguard Group Inc. grew its position in Isabella Bank by 116.9% in the 3rd quarter. Vanguard Group Inc. now owns 245,936 shares of the company’s stock valued at $8,669,000 after purchasing an additional 132,551 shares during the period. Finally, Bank of America Corp DE increased its stake in Isabella Bank by 2,617.7% during the 3rd 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.

About Isabella Bank

Isabella Bank Corporation operates as the bank holding company for Isabella Bank that provides various banking products and services to businesses, institutions, and individuals and their families. Its deposit products include checking accounts, savings accounts, certificates of deposit, direct deposits, and money market accounts.