Jill Bourland, a director at Isabella Bank Corp (OTC:ISBA), recently purchased additional shares of the company. According to a recent SEC filing, Bourland acquired 12.9032 shares of Isabella Bank’s common stock at a price of $23.2501 per share, bringing the total transaction value to approximately $300. The purchase comes as the stock trades with a price-to-book ratio of 0.82, while offering a notable dividend yield of 4.82%. InvestingPro analysis indicates the stock is currently in oversold territory. Following this transaction, Bourland’s total direct ownership stands at 5,423.9247 shares. This acquisition reflects Bourland’s ongoing commitment to the company, as she continues to increase her stake in the bank. Isabella Bank, headquartered in Mount Pleasant, Michigan, operates as a state commercial bank with a market capitalization of $172.39 million. The bank has maintained dividend payments for 18 consecutive years, demonstrating consistent shareholder returns. According to InvestingPro, the company maintains a FAIR financial health rating, with additional metrics and insights available to subscribers.
In other recent news, Isabella Bank Corporation announced a first-quarter cash dividend of $0.28 per common share. This dividend is scheduled to be paid on March 31, 2025, to shareholders who are on record as of March 27, 2025. The dividend yield is reported to be 4.55%, calculated based on the closing stock price of $24.60 per share. This announcement reflects the company’s ongoing commitment to returning value to its shareholders. Investors are reminded that the press release includes forward-looking statements subject to risks and uncertainties. Isabella Bank Corporation advises caution regarding these statements, which are based on current assumptions and may differ from actual results. The company continues to operate across eight Mid-Michigan counties, offering a variety of banking services. Interested parties can find more detailed information on the company’s Investor Relations website.
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