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Jill Bourland, a director at Isabella Bank Corp (OTC:ISBA), recently acquired additional shares in the company. According to a recent SEC filing, Bourland purchased 12.2699 shares on April 16, 2025, at a price of $24.45 per share, totaling approximately $299. This acquisition was part of a quarterly dividend reinvestment plan, bringing Bourland’s total direct ownership to 5,447.9802 shares. The bank maintains a solid 4.58% dividend yield and has consistently paid dividends for 18 consecutive years. Isabella Bank Corp, headquartered in Mount Pleasant, Michigan, operates in the state commercial banking sector. The $181 million market cap institution trades at a P/E ratio of 12.5x and has delivered an impressive 41.24% return over the past year. According to InvestingPro analysis, the stock appears slightly overvalued at current levels, with additional insights and financial metrics available to subscribers.
In other recent news, Isabella Bank Corporation announced its intention to list its common shares on the Nasdaq Capital Market. This strategic move aims to enhance shareholder value by improving access to capital, increasing trading volume, and enhancing stock liquidity. The uplisting process is subject to Nasdaq’s approval and the fulfillment of necessary regulatory criteria. Additionally, Isabella Bank Corporation declared a first-quarter cash dividend of $0.28 per common share, payable on March 31, 2025, to shareholders of record as of March 27, 2025. The dividend announcement reflects a yield of 4.55%, based on the closing stock price of $24.60 per share. The company operates within eight counties in Michigan, providing a range of banking services. These developments are part of the company’s ongoing efforts to strengthen its financial profile and market presence. Investors are advised to consider the inherent risks and uncertainties associated with forward-looking statements.
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