Procore signs multi-year strategic collaboration agreement with AWS
In a recent transaction, Jon D. Catlin, the Chief Credit Officer of Isabella Bank Corp (OTC:ISBA), purchased 12.1458 shares of the company’s common stock. The shares were acquired on May 1, 2025, at a price of $24.70 each, amounting to a total investment of approximately $300. The stock has since climbed to $26.75, reflecting a strong 54% return over the past year. InvestingPro analysis indicates the stock is currently trading below its Fair Value. Following this transaction, Catlin’s direct ownership in Isabella Bank increased to 1,176.037 shares. This move reflects a modest increase in his stake in the company, which maintains a 4.19% dividend yield and has sustained dividend payments for 18 consecutive years. InvestingPro subscribers can access 7 additional key insights about ISBA’s financial health and growth prospects.
In other recent news, Isabella Bank Corporation has announced an expansion of its share repurchase program, increasing the capacity by 500,000 shares, bringing the total to 538,448 shares. This move is part of a repurchase initiative active since 2007, with over 2.5 million shares already repurchased. Additionally, Isabella Bank Corporation is pursuing a listing on the Nasdaq Capital Market to potentially enhance shareholder value, improve financial profiles, and increase stock liquidity. The uplisting process requires Nasdaq’s approval and fulfillment of listing criteria, with a target date potentially by the end of April 2025. In another development, 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. The dividend reflects a yield of 4.55% based on a recent closing stock price. These strategic moves highlight the company’s ongoing efforts to strengthen its market position and provide value to its shareholders.
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