Independent Bank (IBCP) Stock Price, News & Analysis

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" IBCP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IBCP, but not buy additional shares or sell existing shares.
View IBCP analyst ratings or view top-rated stocks.

Independent Bank's stock was trading at $26.02 on January 1st, 2024. Since then, IBCP shares have decreased by 10.8% and is now trading at $23.20.
View the best growth stocks for 2024 here.

Independent Bank saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 230,600 shares, a decline of 18.6% from the March 15th total of 283,300 shares. Based on an average trading volume of 79,900 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.2% of the shares of the stock are sold short.
View Independent Bank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our IBCP earnings forecast.

Independent Bank will be holding an earnings conference call on Thursday, April 25th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "265107".

Independent Bank Co. (NASDAQ:IBCP) issued its quarterly earnings results on Thursday, January, 25th. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.08. The financial services provider earned $49.21 million during the quarter, compared to analysts' expectations of $51.50 million. Independent Bank had a net margin of 20.34% and a trailing twelve-month return on equity of 16.28%.

Independent Bank announced a quarterly dividend on Tuesday, January 23rd. Stockholders of record on Monday, February 5th will be paid a dividend of $0.24 per share on Thursday, February 15th. This represents a $0.96 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Friday, February 2nd. This is a boost from the stock's previous quarterly dividend of $0.23.
Read our dividend analysis for IBCP.

Independent Bank (NASDAQ:IBCP) pays an annual dividend of $0.96 per share and currently has a dividend yield of 4.15%. IBCP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 34.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IBCP will have a dividend payout ratio of 33.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IBCP.

JPMorgan Active Small Cap Value ETF holds 7,127 shares of IBCP stock, representing 1.11% of its portfolio.

15 employees have rated Independent Bank Chief Executive Officer William "Brad" Kessel on Glassdoor.com. William "Brad" Kessel has an approval rating of 95% among the company's employees. This puts William "Brad" Kessel in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Independent Bank investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), Pfizer (PFE), Aegean Marine Petroleum Network (ANW), Occidental Petroleum (OXY), Pentair (PNR), Citigroup (C), NextEra Energy Partners (NEP) and

Independent Bank's stock is owned by a variety of institutional and retail investors. Top institutional investors include Capital Asset Advisory Services LLC (0.05%). Insiders that own company stock include Christina Keller, Dennis W Archer Jr, Gavin A Mohr, James J Twarozynski, Michael M Magee Jr, Ronia F Kruse, Stefanie M Kimball, Stefanie M Kimball and Terance L Beia.
View institutional ownership trends.

Shares of IBCP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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