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William M. Schaefer, Chief Financial Officer of Isabella Bank Corp (OTC:ISBA), recently acquired 171.1596 shares of the bank’s common stock. The transaction, which took place on March 4, 2025, was executed at a price of $23.37 per share, totaling approximately $3,999. The purchase comes as the bank’s stock shows strong momentum, with a 26.4% price return over the past six months.
Following this purchase, Schaefer’s direct ownership of Isabella Bank shares increased to 6,979.6283 shares. The transaction reflects continued confidence in the company’s prospects, as Schaefer assumes a key role in the financial management of the bank. Isabella Bank Corp, headquartered in Mt. Pleasant, Michigan, operates as a state commercial bank with a market capitalization of $178.46 million. InvestingPro data shows the bank trades at 0.85 times book value and offers a 4.66% dividend yield, having maintained dividend payments for 18 consecutive years. According to InvestingPro analysis, several more key insights about ISBA’s financial health and growth prospects are available to subscribers.
In other recent news, Isabella Bank Corporation announced a first-quarter cash dividend of $0.28 per share. This dividend will be payable on March 31, 2025, to shareholders who are on record as of March 27, 2025. The dividend announcement reflects a yield of 4.55%, calculated based on the company’s recent closing stock price of $24.60 per share. Isabella Bank Corporation, which trades on the OTCQX tier of the OTC Markets Group, shared this information through a press release. The company also noted that the release contains forward-looking statements subject to risks and uncertainties. Investors are advised to consider these factors and not place undue reliance on the statements. For further details, Isabella Bank Corporation directs interested parties to the Investor Relations section of their website.
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