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William M. Schaefer, the Chief Financial Officer of Isabella Bank Corp (OTC:ISBA), recently purchased shares in the company. According to a Form 4 filing with the Securities and Exchange Commission, Schaefer acquired 244.7981 shares of Isabella Bank’s common stock on February 3, 2025, at a price of $24.51 per share. This transaction amounts to a total value of approximately $6,000. The timing of this purchase appears strategic, as InvestingPro data shows the stock trading near its 52-week high of $26.23, with an impressive 39.24% return over the past six months.
Following this acquisition, Schaefer now holds 6,808.4687 shares directly. This move reflects Schaefer’s continued investment in Isabella Bank, a state commercial bank headquartered in Mt. Pleasant, Michigan. The bank, with a market capitalization of $188 million, maintains a P/E ratio of 13.7 and offers a notable 4.41% dividend yield, having maintained dividend payments for 17 consecutive years.
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