Isabella Bank’s chief credit officer purchases shares worth $600

Published 02/04/2025, 19:46
Isabella Bank’s chief credit officer purchases shares worth $600

MT. PLEASANT, MI—Jon D. Catlin, Chief Credit Officer at Isabella Bank Corp (OTC:ISBA), recently acquired 26.7738 shares of the company’s common stock. The transaction, dated April 1, 2025, involved a purchase at $22.41 per share, totaling approximately $600. The regional bank, with a market capitalization of $175 million, currently trades at a P/E ratio of 12.5x and offers a compelling 4.75% dividend yield. According to InvestingPro analysis, the stock is trading slightly above its Fair Value.

Post-transaction, Catlin holds a total of 1,163.8913 shares. This acquisition includes shares obtained through quarterly dividend reinvestment, as noted in the filing. InvestingPro data reveals that Isabella Bank has maintained dividend payments for 18 consecutive years, demonstrating strong commitment to shareholder returns. Subscribers can access 12+ additional exclusive insights about ISBA’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 payable on March 31, 2025, to shareholders of record as of March 27, 2025. The announcement revealed a dividend yield of 4.55%, calculated based on the closing stock price of $24.60 per share. This development is part of Isabella Bank Corporation’s ongoing efforts to provide returns to its shareholders. While the company has issued forward-looking statements, it has cautioned investors not to place undue reliance on these due to potential risks and uncertainties. Investors are encouraged to visit the Investor Relations section of Isabella Bank Corporation’s website for more detailed information.

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