Jerome E. Schwind, President and CEO of Isabella Bank Corp (OTC:ISBA), recently purchased shares in the company. According to a filing with the Securities and Exchange Commission, Schwind acquired 16.2009 shares of common stock on January 2, 2025, at a price of $24.69 per share, amounting to a total transaction value of approximately $400. The purchase comes as the stock trades near its 52-week high of $26.23, with the company maintaining a solid 4.31% dividend yield and a modest P/E ratio of 13.6. InvestingPro analysis suggests the stock is slightly undervalued at current levels. This purchase increased Schwind’s direct ownership to 28,481.732 shares, which includes shares acquired through quarterly dividend reinvestment. The company has maintained dividend payments for 17 consecutive years, demonstrating strong shareholder commitment. InvestingPro subscribers can access 6 additional key insights about Isabella Bank Corp’s financial health and growth prospects.

In other recent news, Isabella Bank Corp has been in the spotlight due to a range of developments. Piper Sandler has raised the price target for the bank’s shares to $24.00 from $22.00, maintaining a Neutral rating. This decision came after a review of the bank’s third-quarter performance, which showed a 3% pre-provision net revenue (PPNR) upside, driven by net interest margin (NIM) expansion. The bank also experienced strong organic balance sheet growth.

Furthermore, Isabella Bank disclosed a potential loss of approximately $1.6 million due to negative balances in deposit accounts associated with a single customer. The total exposure to this customer, which includes loans and lines of credit secured by various assets, amounts to $4.0 million. The bank is currently assessing the potential credit losses.

In terms of earnings projections, Piper Sandler raised its earnings per share (EPS) estimates for the fourth quarter of 2024 and the full year 2025 to $0.49 and $2.40, respectively. The firm also established an EPS estimate of $2.70 for the year 2026. Lastly, Isabella Bank declared a third-quarter cash dividend of $0.28 per common share, reflecting its commitment to enhancing shareholder value.

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