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

Isabella Bank Corporation (NASDAQ:ISBA) announced a quarterly dividend on Thursday, May 28th. Stockholders of record on Friday, June 26th will be paid a dividend of 0.28 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, June 26th.

Isabella Bank Stock Down 2.0%

Shares of NASDAQ:ISBA opened at $41.13 on Friday. The stock has a market cap of $301.48 million and a price-to-earnings ratio of 15.18. The company has a 50 day moving average of $44.25 and a 200-day moving average of $46.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. Isabella Bank has a one year low of $27.00 and a one year high of $58.83.

Isabella Bank (NASDAQ:ISBA) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.10). The firm had revenue of $21.41 million for the quarter, compared to analyst estimates of $21.70 million. Isabella Bank had a net margin of 17.30% and a return on equity of 8.33%. On average, sell-side analysts forecast that Isabella Bank will post 3.55 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ISBA. Vanguard Group Inc. boosted its holdings in shares of Isabella Bank by 116.9% in the third quarter. Vanguard Group Inc. now owns 245,936 shares of the company’s stock valued at $8,669,000 after buying an additional 132,551 shares during the period. Geode Capital Management LLC acquired a new position in shares of Isabella Bank in the second quarter valued at approximately $1,501,000. Marshall Wace LLP acquired a new position in shares of Isabella Bank in the fourth quarter valued at approximately $1,186,000. Goldman Sachs Group Inc. acquired a new position in shares of Isabella Bank in the fourth quarter valued at approximately $994,000. Finally, Citadel Advisors LLC acquired a new position in shares of Isabella Bank in the third quarter valued at approximately $630,000.

About Isabella Bank

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.