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NASDAQ:IBCP

Independent Bank (IBCP) Stock Price, News & Analysis

$25.12
+0.05 (+0.20%)
(As of 03:38 PM ET)
Today's Range
$24.72
$25.37
50-Day Range
$23.52
$27.00
52-Week Range
$14.90
$27.39
Volume
18,640 shs
Average Volume
80,753 shs
Market Capitalization
$525.26 million
P/E Ratio
9.00
Dividend Yield
3.82%
Price Target
N/A

Independent Bank MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
1.42% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.41mentions of Independent Bank in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
0.35%
From $2.89 to $2.90 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.59 out of 5 stars

Finance Sector

335th out of 856 stocks

State Commercial Banks Industry

71st out of 181 stocks

IBCP stock logo

About Independent Bank Stock (NASDAQ:IBCP)

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides commercial banking services to individuals and businesses in rural and suburban communities in Michigan. It offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The company also provides title insurance services and investment services, as well as automatic teller machines, and internet and mobile banking services. In addition, it operates through branches, drive-thru facilities, and loan production offices. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.

IBCP Stock Price History

IBCP Stock News Headlines

Independent Bank Corporation (IBCP)
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Independent Bank Corp (Ionia MI)
Independent Bank Corp. (Michigan)
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
IBCP Mar 2024 20.000 put
A Preview Of Independent Bank's Earnings
Q3 2023 Independent Bank Corp (Michigan) Earnings Call
See More Headlines
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Company Calendar

Last Earnings
1/25/2024
Ex-Dividend for 2/15 Dividend
2/02/2024
Dividend Payable
2/15/2024
Today
3/28/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:IBCP
Employees
741
Year Founded
N/A

Profitability

Net Income
$59.07 million
Pretax Margin
25.38%

Debt

Sales & Book Value

Annual Sales
$290.35 million
Cash Flow
$3.59 per share
Book Value
$19.41 per share

Miscellaneous

Free Float
19,767,000
Market Cap
$524.21 million
Optionable
Optionable
Beta
0.97
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IBCP Stock Analysis - Frequently Asked Questions

Should I buy or sell Independent Bank stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last twelve months. 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.

How have IBCP shares performed in 2024?

Independent Bank's stock was trading at $26.02 at the start of the year. Since then, IBCP shares have decreased by 3.5% and is now trading at $25.12.
View the best growth stocks for 2024 here
.

Are investors shorting Independent Bank?

Independent Bank saw a increase in short interest in March. As of March 15th, there was short interest totaling 283,300 shares, an increase of 10.1% from the February 29th total of 257,300 shares. Based on an average daily trading volume, of 81,900 shares, the short-interest ratio is presently 3.5 days. Currently, 1.4% of the company's stock are short sold.
View Independent Bank's Short Interest
.

When is Independent Bank's next earnings date?

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

How were Independent Bank's earnings last quarter?

Independent Bank Co. (NASDAQ:IBCP) announced its earnings results on Thursday, January, 25th. The financial services provider reported $0.79 EPS 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 analyst estimates of $51.50 million. Independent Bank had a net margin of 20.34% and a trailing twelve-month return on equity of 16.28%.

How often does Independent Bank pay dividends? What is the dividend yield for Independent Bank?

Independent Bank declared a quarterly dividend on Tuesday, January 23rd. Shareholders 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 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date 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
.

Is Independent Bank a good dividend stock?

Independent Bank (NASDAQ:IBCP) pays an annual dividend of $0.96 per share and currently has a dividend yield of 3.98%. 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.

What ETF holds Independent Bank's stock?

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

What is William "Brad" Kessel's approval rating as Independent Bank's CEO?

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.

What other stocks do shareholders of Independent Bank own?

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

Who are Independent Bank's major shareholders?

Independent Bank's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (5.12%), Vanguard Group Inc. (5.12%), Dimensional Fund Advisors LP (4.69%), LSV Asset Management (2.58%), The Manufacturers Life Insurance Company (2.09%) and Allspring Global Investments Holdings LLC (1.91%). 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
.

How do I buy shares of Independent Bank?

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.
Compare Top Brokerages Here.

This page (NASDAQ:IBCP) was last updated on 3/28/2024 by MarketBeat.com Staff

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