Procore signs multi-year strategic collaboration agreement with AWS
In a recent transaction, Peggy Wheeler, the Chief Operations Officer of Isabella Bank Corp (OTC:ISBA), purchased additional shares of the company. According to a filing with the Securities and Exchange Commission, Wheeler acquired 10.1215 shares of common stock on May 1, 2025, at a price of $24.70 per share. The total value of this transaction was approximately $250. Following this acquisition, Wheeler now directly owns 8,871.1798 shares of Isabella Bank. The stock, which has delivered a 54% return over the past year, currently trades at $26.75, representing an 8% gain from Wheeler’s purchase price. The bank, with a market capitalization of $198 million, maintains an impressive 18-year track record of consecutive dividend payments, currently yielding 4.2%. InvestingPro analysis suggests the stock is trading below its Fair Value, with additional metrics and insights available to subscribers.
In other recent news, Isabella Bank Corporation announced an expansion of its share repurchase program, increasing its capacity by 500,000 shares, bringing the total to 538,448 shares. This initiative has been ongoing since 2007, with over 2.5 million shares already repurchased. Additionally, the company is pursuing a listing on the Nasdaq Capital Market, aiming to enhance shareholder value and improve its financial profile. CEO Jerome Schwind highlighted potential benefits such as better access to capital and increased stock liquidity, though the listing is contingent on Nasdaq’s approval. Furthermore, Isabella Bank declared a first-quarter cash dividend of $0.28 per share, payable at the end of March 2025. This represents a dividend yield of 4.55% based on a recent closing stock price. These developments reflect the company’s ongoing strategies to strengthen its market position and financial standing.
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