A portfolio of stocks I've been building since September 3, 2019, named Volio, will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the first of five financial services sector stocks poised to join my Volio folio this week. This could be my thirty-sixth pick for Volio!

That financial services sector includes twenty industries ranging from Asset Management to 8 kinds of Banks, Credit, Exchanges, 6 kinds of Insurance, Savings, and all such financial concerns.

My subject today is a regional bank in Mt. Pleasant Michigan named, Isabella Bank Corp. Its trading ticker symbol is ISBA. This is my second report on Isabella Bank Corp. My previous report was on September 4, 2019.

Isabella Bank Corp is a Michigan-based financial service holding company. It offers banking services to businesses, institutions, and individuals.

Its lending activities include loans made according to commercial and agricultural operating and real estate purposes, residential real estate loans, and consumer loans.

Deposit services offered include checking accounts, savings accounts, certificates of deposit, direct deposits, cash management services, mobile and internet banking, electronic bill pay services, and automated teller machines.

The company also offers full-service trust and brokerage services.

The company operates 30 banking offices located throughout Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw counties.

Isabella Bank Corporation was founded in 1903 and is based, as I mentioned before, in Mount Pleasant, Michigan.

I use three key data points to gauge dividend equities or funds like Isabella Bank Corp:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest, or not.

Those three basic keys, however, best tell whether a company has made, is making, and will make money.

ISBA Price

Isabella's price per share closed at $17.80 Friday. A year ago their price was $22.79. Market price dropped $5.01 or nearly 22% in the past year.

Assuming Isabella's stock trades in the range of $15 to $25 this next year, its recent $17.80 price might rise by $1.20 to reach $19.00 by May 4, 2021.

ISBA Dividends

Isabella's most recent declared quarterly dividend was $0.27 paid March 31st. That $0.27 Q dividend equates to $1.08 annually and yields 6.07% at Friday's $17.80 share price.

ISBA Gains?

Adding the $1.08 annual estimated dividend to my $1.20 optimistic estimate of ISBA's price upside shows a $2.28 potential gross gain, per share, reduced by any costs to trade those shares.

A little under $1,000.00 today invested in Isabella Bank Corp shares at their $17.80 price, buys 56 shares of ISBA.

A $10 broker fee paid half at purchase and half at sale could cost about $0.18 per share.

Subtract that $0.18  brokerage cost from my estimated $2.28 gross gain per share results in a net gain of $2.10 X 56 shares = $117.60 or an 11.76% net gain on a $996.80 investment.

Therefore, Isabella Bank Corp, whose trading ticker symbol is ISBA shows a possible 11.76% net gain including a 6.07% dividend yield. It could be more, it could be less.

The above speculation is based on past performance and supposition. Only time and money invested will tell if Isabella Bank Corp is worth it.