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MOUNT PLEASANT, MI—Neil Michael McDonnell, President and Director of Isabella Bank Corp (OTC:ISBA), has recently acquired additional shares in the company. According to an SEC filing, McDonnell purchased 15 shares of common stock at a price of $27.60 per share, totaling $414. This transaction, dated May 9, 2025, was conducted through a family member. The purchase comes as ISBA trades near its 52-week high of $27.94, with the stock delivering an impressive 54% return over the past year. InvestingPro analysis suggests the stock is currently undervalued.
Following this acquisition, McDonnell’s direct ownership stake, including shares acquired through dividend reinvestment, stands at 9,532.0062 shares. This move reflects continued confidence in the bank’s prospects, as McDonnell maintains a significant personal investment in the company. The $200.8M market cap bank has maintained dividend payments for 18 consecutive years, currently offering a 4.12% yield. InvestingPro subscribers can access 5 additional key insights about ISBA’s financial health and growth potential.
In other recent news, Isabella Bank Corporation announced an expansion of its share repurchase program, increasing its capacity by 500,000 shares to a total of 538,448 shares. The company has been actively buying back shares since 2007, with over 2.5 million shares repurchased to date. Additionally, Isabella Bank Corporation is pursuing a listing on the Nasdaq Capital Market, a move aimed at enhancing shareholder value by providing better access to capital and increasing stock liquidity. The company’s CEO, Jerome Schwind, highlighted potential benefits such as improved trading volume and visibility, though the listing is contingent upon Nasdaq’s approval. In further developments, Isabella Bank Corporation declared a first-quarter cash dividend of $0.28 per share, payable on March 31, 2025, to shareholders of record as of March 27, 2025. This represents a dividend yield of 4.55% based on the recent stock price. The company continues to emphasize that forward-looking statements are subject to risks and uncertainties. These announcements reflect Isabella Bank Corporation’s strategic initiatives to strengthen its financial position.
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