Independent Bank (IBCP) Stock Price, News & Analysis

2 Wall Street equities research 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 equities research 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 at the beginning of the year. Since then, IBCP shares have decreased by 9.4% and is now trading at $23.58.
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Independent Bank saw a decrease in short interest in March. As of March 31st, there was short interest totaling 230,600 shares, a decrease of 18.6% from the March 15th total of 283,300 shares. Based on an average daily trading volume, of 79,900 shares, the short-interest ratio is presently 2.9 days. Currently, 1.2% of the shares of the company 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) released its quarterly earnings results on Thursday, January, 25th. The financial services provider reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.08. The financial services provider had revenue of $49.21 million for the quarter, compared to the consensus estimate of $51.50 million. Independent Bank had a trailing twelve-month return on equity of 16.28% and a net margin of 20.34%.

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 yield of 4.07%. The ex-dividend date of this dividend is Friday, February 2nd. This is a positive change 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 4.13%. 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 number of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (1.98%) and 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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