Jerome E. Schwind, President and CEO of Isabella Bank Corp (OTC:ISBA), recently purchased shares of the company. According to a recent SEC filing, Schwind acquired 16.9062 shares at a price of $23.66 per share, amounting to a total transaction value of approximately $400. The purchase comes as Isabella Bank trades near its 52-week high of $25, with the stock delivering an impressive 31% return over the past year. InvestingPro analysis reveals the company maintains a healthy 4.5% dividend yield, having sustained dividend payments for 17 consecutive years. Following this transaction, Schwind's total direct ownership in Isabella Bank stands at 28,284.312 shares. This purchase reflects Schwind's continued investment in the company, which is headquartered in Mt. Pleasant, Michigan. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro subscribers can access detailed research reports covering over 1,400 US stocks, including Isabella Bank Corp.
In other recent news, Isabella Bank's earnings and revenue have seen positive trends, with Piper Sandler raising the earnings per share (EPS) estimates for the fourth quarter of 2024 and the full year of 2025 to $0.49 and $2.40, respectively. The firm also established an EPS estimate of $2.70 for 2026. This adjustment was driven by the bank's strong third-quarter performance, particularly the 3% pre-provision net revenue (PPNR) upside due to net interest margin (NIM) expansion.
In terms of mergers and acquisitions, no recent developments have been reported. However, Piper Sandler has adjusted its outlook for Isabella Bank, raising the price target from $22.00 to $24.00 while maintaining a neutral rating. This decision follows an analysis of the bank's recent performance, which indicated robust results despite certain challenges.
In response to Isabella Bank's recent performance, Piper Sandler has also upgraded its earnings per share estimates for the bank for 2024 and 2025 to $1.80 and $2.10, respectively. The firm highlighted the bank's attractive 5.6% dividend yield, surpassing the peer average of 3.2%.
On the downside, Isabella Bank faces a potential loss of approximately $1.6 million due to negative balances in deposit accounts associated with a single customer. The total exposure to this customer, which includes loans and lines of credit secured by various assets, amounts to $4.0 million. The bank is currently assessing the potential credit losses.
Finally, Isabella Bank has declared a third-quarter cash dividend of $0.28 per common share, reflecting the company's commitment to enhancing shareholder value. These are the recent developments in Isabella Bank's operations as per analysts' projections.
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