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In a recent transaction reported to the Securities and Exchange Commission, Jerome E. Schwind, the President and CEO of Isabella Bank Corp (OTC:ISBA), purchased shares of the company. The Form 4 filing disclosed that Schwind acquired 17.116 shares of common stock at a price of $23.37 per share, amounting to a total purchase value of approximately $400. The small-cap bank, currently valued at $178 million, has maintained dividend payments for 18 consecutive years and offers an attractive 4.7% dividend yield. According to InvestingPro analysis, the stock has shown strong momentum with a 26% gain over the past six months.
Following this transaction, Schwind holds a total of 31,958.7159 shares in the company. The acquisition was made directly, as indicated in the filing. This move comes as part of routine insider trading activities, where company executives buy or sell shares based on their insights into the organization’s performance. Trading at 0.85 times book value, the bank appears attractively valued. InvestingPro subscribers can access detailed insider trading patterns and 5 additional key insights about Isabella Bank Corp’s financial health and growth prospects.
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 on record as of March 27, 2025. The dividend yield is reported to be 4.55%, calculated based on the closing stock price of $24.60 per share. These developments are part of the company’s ongoing efforts to provide value to its shareholders. Isabella Bank Corporation operates in Mid-Michigan and offers a variety of banking services. The company trades on the OTCQX tier of the OTC Markets Group. Investors are reminded that the announcement contains forward-looking statements subject to risks and uncertainties. For further details, stakeholders are encouraged to visit the company’s Investor Relations section on their website.
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