Isabella bank CFO Schaefer buys $2,000 in stock

William M. Schaefer, Chief Financial Officer of Isabella Bank Corp (OTC:ISBA), recently acquired shares in the company. On May 1, Schaefer purchased 80.97 shares of Isabella Bank at a price of $24.70 per share, amounting to a total transaction value of approximately $2,000. The purchase comes as the stock trades near its 52-week high of $26.75, having delivered an impressive 54% return over the past year. According to InvestingPro analysis, the stock appears undervalued at current levels. This acquisition brings Schaefer’s total direct ownership to 7,249 shares. This move reflects ongoing insider activity within the company, as disclosed in the latest SEC filing. The $198 million market cap bank maintains a solid track record of shareholder returns, having paid dividends consistently for 18 consecutive years, with a current yield of 4.2%.

In other recent news, Isabella Bank Corporation has announced an expansion of its share repurchase program, increasing the buyback capacity by 500,000 shares, bringing the total to 538,448 shares. This program, active since 2007, allows the company to repurchase shares based on market conditions and other factors, with no set expiration date. Additionally, Isabella Bank Corporation is pursuing a listing on the Nasdaq Capital Market, a move aimed at enhancing shareholder value and improving its financial profile. The company has highlighted potential benefits such as better access to capital and increased trading volume, though the listing is contingent on Nasdaq’s approval. Moreover, Isabella Bank declared a first-quarter cash dividend of $0.28 per share, payable on March 31, 2025, to shareholders of record as of March 27, 2025. This dividend reflects a yield of 4.55% based on a recent closing stock price. These developments come amid the company’s ongoing efforts to increase its market presence and financial stability.

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