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MT. PLEASANT, MI—Peggy Wheeler, Chief Operations Officer of Isabella Bank Corp (OTC:ISBA), recently acquired shares in the company valued at approximately $500. According to a recent SEC filing, Wheeler purchased 22.3115 shares of common stock at a price of $22.41 per share on April 1, 2025. The shares now trade at $23.65, with InvestingPro analysis indicating the stock is fairly valued.
This transaction increases Wheeler’s direct ownership to 8,861.0583 shares. The acquisition includes shares acquired through the bank’s quarterly dividend reinvestment program, which currently yields 4.75%. InvestingPro data shows the bank has maintained dividend payments for 18 consecutive years.
Isabella Bank Corp, headquartered in Mt. Pleasant, Michigan, operates as a state commercial bank. With a market capitalization of $175 million and a P/E ratio of 12.5, the company has remained profitable over the last twelve months.
In other recent news, Isabella Bank Corporation announced a first-quarter cash dividend of $0.28 per common share. This dividend is set to be paid on March 31, 2025, to shareholders who are recorded as of March 27, 2025. The dividend yield is reported at 4.55%, calculated based on the closing stock price of $24.60 per share. These recent developments reflect the company’s ongoing commitment to returning value to its shareholders. The announcement was made through a press release, which also included a caution about forward-looking statements. These statements are based on current beliefs and assumptions, and the company advises caution due to potential risks and uncertainties. Investors are encouraged to refer to the Investor Relations section of Isabella Bank Corporation’s website for more detailed information.
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