NASDAQ:IBCP Independent Bank (IBCP) Stock Price, News & Analysis $34.42 -0.45 (-1.29%) As of 01/17/2025 04:00 PM Eastern Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends About Independent Bank Stock (NASDAQ:IBCP) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Independent Bank alerts:Sign Up Key Stats Today's Range$34.25▼$35.2550-Day Range$32.75▼$38.8752-Week Range$22.53▼$40.32Volume210,840 shsAverage Volume80,395 shsMarket Capitalization$719.03 millionP/E Ratio11.71Dividend Yield2.79%Price Target$34.83Consensus RatingHold Company OverviewIndependent 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… Independent Bank Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks67th Percentile Overall ScoreIBCP MarketRank™: Independent Bank scored higher than 67% of companies evaluated by MarketBeat, and ranked 435th out of 948 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion1.0 / 5Analyst RatingHold Consensus RatingIndependent Bank has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.Amount of Analyst CoverageIndependent Bank has only been the subject of 1 research reports in the past 90 days.Read more about Independent Bank's stock forecast and price target. Earnings and Valuation1.3 / 5Proj. Earnings Growth-0.33% Earnings GrowthEarnings for Independent Bank are expected to decrease by -0.33% in the coming year, from $3.04 to $3.03 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independent Bank is 11.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.81.Price to Earnings Ratio vs. SectorThe P/E ratio of Independent Bank is 11.71, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 25.24.Price to Book Value per Share RatioIndependent Bank has a P/B Ratio of 1.77. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Independent Bank's valuation and earnings. Short Interest5.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted0.44% 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 1, 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 53.03%, indicating that investor sentiment is improving significantly. Dividend4.2 / 5Dividend StrengthStrong Dividend YieldIndependent Bank pays a meaningful dividend of 2.93%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthIndependent Bank has been increasing its dividend for 11 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 31.68% next year. This indicates that Independent Bank will be able to sustain or increase its dividend.Read more about Independent Bank's dividend. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted0.44% 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 1, 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 53.03%, indicating that investor sentiment is improving significantly. News and Social Media2.5 / 5News Sentiment0.59 News SentimentIndependent Bank has a news sentiment score of 0.59. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Independent Bank this week, compared to 2 articles on an average week.Search InterestOnly 1 people have searched for IBCP on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows2 people have added Independent Bank to their MarketBeat watchlist in the last 30 days. Company Ownership3.3 / 5Insider TradingAcquiring Shares Insider Buying vs. Insider SellingIn the past three months, Independent Bank insiders have bought more of their company's stock than they have sold. Specifically, they have bought $39,802.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 5.48% 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.Read more about Independent Bank's insider trading history. 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 IBCP Stock News HeadlinesIndependent Bank (IBCP) Projected to Post Earnings on ThursdayJanuary 21 at 2:21 AM | americanbankingnews.comIndependent Bank's (NASDAQ:IBCP) Shareholders Will Receive A Bigger Dividend Than Last YearJanuary 17, 2025 | finance.yahoo.comBuy this coin BEFORE Inauguration Day …Mark my words … Bitcoin is going to $100,000. BEFORE Trump is inaugurated. And I think it could reach $125,000 by the end of his first month in office.January 21, 2025 | Weiss Ratings (Ad)Independent Bank raises quarterly cash dividend 8% to 26c per shareJanuary 10, 2025 | markets.businessinsider.comIndependent Bank Corporation Declares Increased Quarterly DividendJanuary 10, 2025 | markets.businessinsider.comIndependent Bank Corporation Declares 8% Increase in Quarterly Cash DividendJanuary 10, 2025 | quiverquant.comIndependent Bank Corporation Announces 8% Increase in Quarterly Cash Dividend on Common StockJanuary 10, 2025 | globenewswire.comIndependent Bank Appoints Christopher Michaels As New COOJanuary 3, 2025 | markets.businessinsider.comSee More Headlines IBCP Stock Analysis - Frequently Asked Questions How have IBCP shares performed this year? Independent Bank's stock was trading at $34.83 at the beginning of the year. Since then, IBCP shares have decreased by 1.2% and is now trading at $34.42. View the best growth stocks for 2025 here. How were Independent Bank's earnings last quarter? Independent Bank Co. (NASDAQ:IBCP) announced its quarterly earnings data on Thursday, October, 24th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by $0.11. The financial services provider earned $77.84 million during the quarter, compared to the consensus estimate of $55.05 million. Independent Bank had a trailing twelve-month return on equity of 15.26% and a net margin of 19.93%. Who are Independent Bank's major shareholders? Independent Bank's top institutional shareholders include Assenagon Asset Management S.A. (0.63%), Wedge Capital Management L L P NC (0.09%), SG Americas Securities LLC (0.07%) and Dakota Wealth Management (0.03%). Insiders that own company stock include Stefanie M Kimball, Terance L Beia, Patrick J Ervin, Gavin A Mohr, Dennis W Archer Jr, James J Twarozynski and Christina Keller. 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. What other stocks do shareholders of Independent Bank own? Based on aggregate information from My MarketBeat watchlists, some other companies that Independent Bank investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Jabil (JBL), Adobe (ADBE) and e.l.f. Beauty (ELF). Company Calendar Last Earnings10/24/2024Ex-Dividend for 11/15 Dividend11/05/2024Dividend Payable11/15/2024Today1/20/2025Next Earnings (Estimated)1/23/2025Ex-Dividend for 2/14 Dividend2/04/2025Dividend Payable2/14/2025Fiscal Year End12/31/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryBanking Current SymbolNASDAQ:IBCP CUSIPN/A CIK39311 Webwww.independentbank.com Phone(616) 527-5820Fax616-527-4004Employees920Year FoundedN/APrice Target and Rating Average Stock Price Target$34.83 High Stock Price Target$39.00 Low Stock Price Target$28.00 Potential Upside/Downside+1.2%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$2.94 Trailing P/E Ratio11.71 Forward P/E Ratio11.32 P/E GrowthN/ANet Income$59.07 million Net Margins19.93% Pretax Margin25.11% Return on Equity15.26% Return on Assets1.24% Debt Debt-to-Equity Ratio0.18 Current Ratio0.88 Quick Ratio0.88 Sales & Book Value Annual Sales$290.35 million Price / Sales2.48 Cash Flow$3.63 per share Price / Cash Flow9.48 Book Value$19.41 per share Price / Book1.77Miscellaneous Outstanding Shares20,890,000Free Float19,749,000Market Cap$719.03 million OptionableOptionable Beta1.03 Social Links 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. 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