Isabella Bank president & CEO buys $400 in stock

Published 02/04/2025, 19:46
Isabella Bank president & CEO buys $400 in stock

Jerome E. Schwind, the President and CEO of Isabella Bank Corp (OTC:ISBA), a regional bank with a market capitalization of $175 million, recently purchased shares of the company’s stock. The bank’s shares currently trade at $23.65, with a P/E ratio of 12.5x. InvestingPro analysis indicates the stock is fairly valued at current levels. According to a filing with the Securities and Exchange Commission, Schwind acquired 17.8492 shares at a price of $22.41 each, totaling approximately $400. Following this transaction, Schwind’s direct ownership stands at 32,013.6991 shares. Notably, these shares include those acquired through the bank’s quarterly dividend reinvestment program, which currently yields 4.75%. InvestingPro data reveals the bank has maintained dividend payments for 18 consecutive years, with additional insights available to subscribers.

In other recent news, Isabella Bank Corporation announced a first-quarter cash dividend of $0.28 per common share. This dividend is scheduled to be paid on March 31, 2025, to shareholders who are recorded as of March 27, 2025. The company noted that this dividend represents a yield of 4.55%, calculated based on a closing stock price of $24.60 per share. These developments come as part of Isabella Bank’s ongoing financial activities. Investors are advised that the announcement contains forward-looking statements, which are subject to risks and uncertainties. The company has cautioned against placing undue reliance on these statements. This information was disclosed through a press release by Isabella Bank Corporation.

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