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MT. PLEASANT, MI—William M. Schaefer, the Chief Financial Officer of Isabella Bank Corp (OTC:ISBA), has purchased company stock valued at approximately $3,999, according to a recent SEC filing. The transaction, which took place on April 1, involved the acquisition of 178.4917 shares at a price of $22.41 per share. The purchase price represents an attractive entry point compared to the current trading price of $23.65, with InvestingPro analysis showing the stock trading slightly above its Fair Value. This purchase increased Schaefer’s total holdings to 7,168.1114 shares, including shares acquired through quarterly dividend reinvestment. The bank, headquartered in Mt. Pleasant, Michigan, boasts an impressive 18-year track record of consistent dividend payments, currently offering a 4.75% yield. The move underscores Schaefer’s continued confidence in the $175 million market cap institution, which trades at 0.83 times book value. InvestingPro subscribers can access additional insights through multiple exclusive ProTips about the company’s financial health and growth prospects.
In other recent news, Isabella Bank Corporation announced a first-quarter cash dividend of $0.28 per common share. The dividend is payable on March 31, 2025, to shareholders of record as of March 27, 2025. This announcement highlights a dividend yield of 4.55%, calculated based on the closing stock price of $24.60 per share. Isabella Bank Corporation operates across eight Mid-Michigan counties, offering various banking services. The company’s stock is traded on the OTCQX tier of the OTC Markets Group, Inc. Investors are advised that the press release contains forward-looking statements, which involve risks and uncertainties. These statements are based on current beliefs and assumptions and may differ materially from actual results. The company cautions against placing undue reliance on these statements, which are valid only as of their date.
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