The portfolio of stocks I started this week, named Volio Folio, holds 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 second of four financial services sector stocks this week striving to become the first in the Volio folio collection. This is the first pick for Volio!

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

Today my subject is a micro-cap bank - regional - US named Isabella Bank Corp. Their trading ticker symbol is ISBA. I previously reported on this company on April 9, 2019, for my Ivy portfolio.

Isabella Bank Corp is a US-based financial service holding company. It offers banking services to businesses, institutions, and individuals. Its lending activities include loans made pursuant 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 in MI.

Isabella Bank Corporation was founded in 1903 and is based in Mount Pleasant, Michigan.

I use three key data points to gauge dividend-paying 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 $22.15 yesterday. A year ago its price was $27.50. In a year its price fell $5.35 or 19.5%.

Assuming Isabella's stock trades in the range of $21 to $25.00 this year, Isabella's recent $22.15 price could rise by $1.35 and go to $23.50 by early September 2020.

ISBA Dividends

Isabella's latest declared quarterly dividend was $0.26 paid June 28th.

That $0.26 Q payout added to the previous 3  equates to $1.04 annually and yields  4.7% based on yesterday's $22.15 closing price. Put your money in their stock instead of their savings account and earn 4.7% in dividends.

ISBA Gains?

Adding the $1.04 annual estimated dividend to my $1.35 estimate of Isabella's price upside shows a $2.39 potential gross gain, per share, which will be reduced by costs to trade these shares.

Say we put a little over $1,000.00 today at the $22.15 recent stock price, we'd buy 45 Isabella Bank Corp shares.

A $10 broker fee paid half at purchase and half at sale will cost us $0.22 per share.

Subtract that $0.22 brokerage cost from the estimated $2.39 gross estimated gain leaves a net gain of $2.17 X 45 shares = ($97.65) or a 9.8% net gain on a $996.75 investment.

Therefore, Isabella Bank Corp, whose trading ticker symbol is ISBA now shows a possible net gain of 9.8% including a 4.7% dividend yield. It could be more, it could be less.

The above speculation is based on past year performance. The actual results remain to be seen to learn if Isabella Bank Corp is worth your time and money.