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Sarah R. Opperman, a director at Isabella Bank Corp (OTC:ISBA), recently acquired shares in the company, according to a filing with the Securities and Exchange Commission. The $191.68 million market cap bank is currently trading near its 52-week high of $26.23, while offering a notable 4.34% dividend yield. According to InvestingPro analysis, the stock appears slightly undervalued at current levels. On January 24, Opperman purchased 532.9478 shares of Isabella Bank’s common stock at an average price of $25.7999 per share, totaling approximately $13,749. Following this transaction, Opperman holds a total of 23,785.6823 shares, which includes shares acquired through quarterly dividend reinvestment. The bank has maintained dividend payments for 17 consecutive years, demonstrating strong commitment to shareholder returns. For more detailed insider trading patterns and exclusive financial insights, check out InvestingPro, which offers additional ProTips about Isabella Bank’s performance.
In other recent news, Isabella Bank has been the subject of several significant developments. Piper Sandler has raised its price target for the bank’s shares to $24 from $22, maintaining a Neutral rating. This decision came after a review of the bank’s third-quarter performance, which showed a 3% pre-provision net revenue (PPNR) increase. This was primarily due to net interest margin (NIM) expansion, a trend expected to continue in the future.
Isabella Bank also faced an isolated incident with a single customer, leading to potential losses of approximately $1.6 million. Despite this, Piper Sandler remains confident in the bank’s credit metrics. The bank’s third-quarter results also revealed a cash dividend of $0.28 per common share, demonstrating its commitment to enhancing shareholder value.
Additionally, Piper Sandler has increased its earnings per share (EPS) estimates for Isabella Bank for 2024 and 2025 to $1.80 and $2.10, respectively. The firm also anticipates an EPS of $2.70 for 2026. These recent developments provide insights into the bank’s financial performance and future expectations as per analysts’ projections.
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