NASDAQ:IBCP Independent Bank (IBCP) Stock Price, News & Analysis → Has Jeff Bezos Found the Next Nvidia? (From InvestorPlace) (Ad) Free IBCP Stock Alerts $24.99 -0.18 (-0.72%) (As of 04/26/2024 ET) Add Compare Share Share Today's Range$24.94▼$25.7150-Day Range$23.14▼$25.3552-Week Range$14.90▼$27.39Volume54,982 shsAverage Volume62,339 shsMarket Capitalization$522.54 millionP/E Ratio8.50Dividend Yield3.84%Price TargetN/A Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Independent Bank alerts: Email Address Independent Bank MarketRank™ Stock AnalysisAnalyst RatingN/AUpside/DownsideN/AShort InterestHealthy1.15% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.22Based on 15 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details 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.3.19 out of 5 starsFinance Sector491st out of 853 stocksState Commercial Banks Industry124th out of 177 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for Independent Bank. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.15% of the float of Independent Bank has been sold short.Short Interest Ratio / Days to CoverIndependent Bank has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Independent Bank has recently decreased by 0.61%, indicating that investor sentiment is improving. Previous Next 5.0 Dividend Strength Dividend LeadershipIndependent Bank is a leading dividend payer. It pays a dividend yield of 3.84%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthIndependent Bank has been increasing its dividend for 10 years.Dividend CoverageThe dividend payout ratio of Independent Bank is 32.65%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Independent Bank will have a dividend payout ratio of 32.11% next year. This indicates that Independent Bank will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for IBCP. Previous Next 1.8 News and Social Media Coverage News SentimentIndependent Bank has a news sentiment score of 0.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 15 news articles for Independent Bank this week, compared to 1 article on an average week.MarketBeat FollowsOnly 2 people have added Independent Bank to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Independent Bank insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 5.45% of the stock of Independent Bank is held by insiders.Percentage Held by Institutions79.43% of the stock of Independent Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Independent Bank are expected to remain at $2.99 per share in the coming year.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independent Bank is 8.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.03.Price to Earnings Ratio vs. SectorThe P/E ratio of Independent Bank is 8.50, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 37.50.Price to Book Value per Share RatioIndependent Bank has a P/B Ratio of 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceHas Jeff Bezos Found the Next Nvidia?If you’ve sat back and watched companies like Nvidia and AMD soar over 2,000% over the past several years… And wondered what was next… This is a fast-moving story, but if you want the chance to profit alongside Jeff Bezos in the next big tech trend, go ahead and…Click Here for Full Details 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.Read More IBCP Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IBCP Stock News HeadlinesApril 27, 2024 | seekingalpha.comIndependent Bank Corporation (IBCP) Q1 2024 Earnings Call TranscriptApril 26, 2024 | finance.yahoo.comIndependent Bank First Quarter 2024 Earnings: EPS Beats ExpectationsApril 28, 2024 | InvestorPlace (Ad)Has Jeff Bezos Found the Next Nvidia?If you’ve sat back and watched companies like Nvidia and AMD soar over 2,000% over the past several years… And wondered what was next… This is a fast-moving story, but if you want the chance to profit alongside Jeff Bezos in the next big tech trend, go ahead and…April 26, 2024 | markets.businessinsider.comIndependent Bank earnings: here's what to expectApril 26, 2024 | finance.yahoo.comIndependent Bank Corp (Ionia MI) (IBCP) Q1 2024 Earnings Call Transcript Highlights: Strong ...April 25, 2024 | msn.comIBCP Stock Earnings: Independent Bank Beats EPS, Misses Revenue for Q1 2024April 25, 2024 | finance.yahoo.comIndependent Bank Corp (Ionia MI) Reports Q1 2024 Earnings: Surpasses Analyst ProjectionsApril 25, 2024 | sfgate.comIndependent Bank: Q1 Earnings SnapshotApril 28, 2024 | InvestorPlace (Ad)Has Jeff Bezos Found the Next Nvidia?If you’ve sat back and watched companies like Nvidia and AMD soar over 2,000% over the past several years… And wondered what was next… This is a fast-moving story, but if you want the chance to profit alongside Jeff Bezos in the next big tech trend, go ahead and…April 25, 2024 | globenewswire.comIndependent Bank Corporation Reports 2024 First Quarter ResultsApril 23, 2024 | msn.comIndependent Bank declares $0.24 dividendApril 23, 2024 | investing.comIndependent Bank Corporation names new board chairApril 23, 2024 | globenewswire.comIndependent Bank Corporation Announces Appointment of Stephen L. Gulis, Jr. as Chairperson to Its Board of DirectorsApril 23, 2024 | globenewswire.comIndependent Bank Corporation Announces Quarterly Cash Dividend on Common StockApril 18, 2024 | americanbankingnews.comIndependent Bank (IBCP) to Release Earnings on ThursdayApril 12, 2024 | msn.comArmed man robs Independent Bank on Poplar, MPD searching for suspectApril 2, 2024 | globenewswire.comIndependent Bank Corporation Announces Date for Its First Quarter 2024 Earnings ReleaseMarch 23, 2024 | finance.yahoo.comWith 75% institutional ownership, Independent Bank Corporation (NASDAQ:IBCP) is a favorite amongst the big gunsMarch 23, 2024 | finance.yahoo.comIndependent Bank Corporation (IBCP)March 20, 2024 | morningstar.comIndependent Bank Corp (Ionia MI)March 15, 2024 | wsj.comIndependent Bank Corp. (Michigan)March 15, 2024 | msn.comIndiana Enacts Law to Allow State Child Services to Investigate More Abuse Claims at Youth CentersFebruary 29, 2024 | seekingalpha.comIndependent Bank: Earnings Outlook Is Positive But I'm Downgrading To HoldFebruary 25, 2024 | finance.yahoo.comFavourable Signals For Independent Bank: Numerous Insiders Acquired StockFebruary 22, 2024 | benzinga.comIndependent Bank Stock (NASDAQ:IBCP) Earnings Dates and Earning CallsFebruary 18, 2024 | finance.yahoo.comIBCP Mar 2024 20.000 putFebruary 7, 2024 | finance.yahoo.comIndependent Bank (IBCP) Could Find a Support Soon, Here's Why You Should Buy the Stock NowSee More Headlines Receive IBCP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Independent Bank and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings10/25/2021Ex-Dividend for 2/15 Dividend2/02/2024Dividend Payable2/15/2024Today4/28/2024Ex-Dividend for 5/13 Dividend5/02/2024Dividend Payable5/13/2024Next Earnings (Estimated)7/23/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryN/A Current SymbolNASDAQ:IBCP CUSIPN/A CIK39311 Webwww.independentbank.com Phone(616) 527-5820Fax616-527-4004Employees741Year FoundedN/AProfitability EPS (Most Recent Fiscal Year)$2.94 Trailing P/E Ratio8.50 Forward P/E Ratio8.36 P/E GrowthN/ANet Income$59.07 million Net Margins20.45% Pretax Margin25.38% Return on Equity16.88% Return on Assets1.25% Debt Debt-to-Equity Ratio0.32 Current Ratio0.86 Quick Ratio0.85 Sales & Book Value Annual Sales$290.35 million Price / Sales1.80 Cash Flow$3.45 per share Price / Cash Flow7.24 Book Value$19.41 per share Price / Book1.29Miscellaneous Outstanding Shares20,910,000Free Float19,767,000Market Cap$522.54 million OptionableOptionable Beta0.97 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. William Bradford Kessel CPA (Age 60)President, CEO & Director Comp: $804.01kMr. Gavin A. Mohr (Age 40)CFO, Executive VP, Treasurer & Corporate Secretary Comp: $418.13kMr. Larry Russ Daniel Jr. (Age 60)Executive Vice President of Operations & Retail Banking Comp: $398.28kMs. Stefanie M. Kimball (Age 64)Executive VP & Chief Risk Officer Comp: $427.77kMr. Patrick J. Ervin (Age 58)Executive Vice President of Mortgage Banking Comp: $420.37kMr. James J. Twarozynski (Age 59)Senior VP, Chief Accounting Officer & Controller Ms. Laurinda M. Neve (Age 72)Senior Vice President of Human Resources Mr. Joel F. Rahn (Age 58)Executive VP of Commercial Lending & Chief Lending Officer Comp: $474.29kMs. Darcy J. BenjaminAccounting OfficerMore ExecutivesKey CompetitorsEquity BancsharesNASDAQ:EQBKMidland States BancorpNASDAQ:MSBICentral Pacific FinancialNYSE:CPFHorizon BancorpNASDAQ:HBNCCoastal FinancialNASDAQ:CCBView All CompetitorsInsiders & InstitutionsDenali Advisors LLCBought 3,400 shares on 4/19/2024Ownership: 0.042%Allspring Global Investments Holdings LLCBought 14,669 shares on 4/18/2024Ownership: 1.978%Capital Asset Advisory Services LLCBought 10,170 shares on 4/16/2024Ownership: 0.049%The Manufacturers Life Insurance Company Sold 17,251 shares on 2/13/2024Ownership: 2.092%Hudson Edge Investment Partners Inc.Sold 485 shares on 2/13/2024Ownership: 0.070%View All Insider TransactionsView All Institutional Transactions IBCP Stock Analysis - Frequently Asked Questions Should I buy or sell Independent Bank stock right now? 2 Wall Street equities research 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 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. How have IBCP shares performed in 2024? Independent Bank's stock was trading at $26.02 on January 1st, 2024. Since then, IBCP stock has decreased by 4.0% and is now trading at $24.99. View the best growth stocks for 2024 here. Are investors shorting Independent Bank? Independent Bank saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 230,600 shares, a drop 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 stock are sold short. 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 Tuesday, July 23rd 2024. View our IBCP earnings forecast. How were Independent Bank's earnings last quarter? Independent Bank Co. (NASDAQ:IBCP) announced its earnings results on Monday, October, 25th. The financial services provider reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.11. The financial services provider had revenue of $53.50 million for the quarter, compared to analysts' expectations 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 period last year, the business earned $0.89 earnings per share. How often does Independent Bank pay dividends? What is the dividend yield for Independent Bank? Independent Bank announced a quarterly dividend on Tuesday, April 23rd. Shareholders 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 annualized dividend and a yield of 3.84%. The ex-dividend date is Thursday, May 2nd. 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 3.84%. 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. What ETFs hold Independent Bank's stock? 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). 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 a variety of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (1.98%), 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. 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 4/28/2024 by MarketBeat.com Staff From Our PartnersConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsThe Best AI Stock to Own in the World Today is Trading for Just $25Banyan Hill PublishingHis win rate puts Warren Buffett to shame… Investing DailyThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsThe A.I. story nobody is telling you (Read ASAP)TradeSmithBiden out June 13; Kamala won’t replace him?Paradigm PressJeff Bezos Just Humiliated Elon MuskInvestorPlace Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Independent Bank Co. 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