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Michael P. Prisby, Treasurer of Isabella Bank Corp (OTC:ISBA), has sold 1,000 shares of the company’s common stock, according to a recent SEC filing. The regional bank, with a market capitalization of $205 million, has demonstrated strong financial performance with a 60% return over the past year. The shares were sold at a price of $27.89 each, amounting to a total transaction value of $27,890. The stock currently trades near its 52-week high of $28.95 and offers a 4% dividend yield, having maintained dividend payments for 18 consecutive years. Following this sale, Prisby now directly owns 18,658 shares of Isabella Bank. InvestingPro analysis reveals 6 additional key insights about Isabella Bank’s financial health and growth prospects.
In other recent news, Isabella Bank Corporation has announced an expansion of its share repurchase program, increasing its capacity by 500,000 shares to a total of 538,448 shares. This initiative, which has been ongoing since 2007, reflects the company’s strategy to manage its capital effectively. Additionally, Isabella Bank Corporation is pursuing a listing on the Nasdaq Capital Market, aiming to enhance shareholder value and increase stock liquidity. The company’s CEO highlighted the potential benefits of such a move, including better access to capital and increased trading volume. However, the listing is contingent upon Nasdaq’s approval and meeting all regulatory criteria. In another development, Isabella Bank Corporation declared a first-quarter cash dividend of $0.28 per share, payable on March 31, 2025. This dividend reflects a yield of 4.55% based on the recent stock price. These announcements are part of the company’s ongoing efforts to strengthen its financial position and provide value to its shareholders.
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