Independent Bank (IBCP) Stock Price, News & Analysis

2 Wall Street 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 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.
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2 analysts have issued 12-month target prices for Independent Bank's shares. Their IBCP share price targets range from $28.00 to $28.00. On average, they expect the company's share price to reach $28.00 in the next twelve months. This suggests a possible upside of 11.8% from the stock's current price.
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Independent Bank's stock was trading at $26.02 at the start of the year. Since then, IBCP shares have decreased by 3.8% and is now trading at $25.04.
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Independent Bank saw a decline in short interest during 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 daily volume of 79,900 shares, the short-interest ratio is presently 2.9 days. Currently, 1.2% of the company's stock are sold short.
View Independent Bank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024.
View our IBCP earnings forecast.

Independent Bank Co. (NASDAQ:IBCP) posted its earnings results on Monday, October, 25th. The financial services provider reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.11. The financial services provider earned $53.50 million during the quarter, compared to analyst estimates of $47.57 million. Independent Bank had a net margin of 20.45% and a trailing twelve-month return on equity of 16.88%. During the same quarter last year, the firm earned $0.89 EPS.

Independent Bank declared a quarterly dividend on Tuesday, April 23rd. Stockholders of record on Friday, May 3rd will be given a dividend of $0.24 per share on Monday, May 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Thursday, May 2nd.
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 3.84%. 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 32.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IBCP will have a dividend payout ratio of 32.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IBCP.

ETFs with the largest weight of Independent Bank (NASDAQ:IBCP) stock in their portfolio include JPMorgan Active Small Cap Value ETF (JPSV).First Trust Dow Jones Select Microcap Index Fund (FDM).

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 institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (1.98%), Principal Financial Group Inc. (1.29%), BNP Paribas Financial Markets (0.21%), Capital Asset Advisory Services LLC (0.05%) and Denali Advisors LLC (0.04%). 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.
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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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