Independent Bank (NASDAQ:IBCP - Get Free Report) is projected to release its Q1 2025 earnings data before the market opens on Thursday, April 24th. Analysts expect Independent Bank to post earnings of $0.70 per share and revenue of $46.25 million for the quarter.
Independent Bank (NASDAQ:IBCP - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.10. Independent Bank had a net margin of 20.67% and a return on equity of 15.43%. On average, analysts expect Independent Bank to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Independent Bank Stock Down 0.4 %
IBCP stock traded down $0.13 during midday trading on Monday, hitting $29.99. The company's stock had a trading volume of 102,781 shares, compared to its average volume of 107,598. The firm's 50-day moving average is $31.36 and its 200-day moving average is $34.07. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.18. Independent Bank has a 12 month low of $22.53 and a 12 month high of $40.32. The company has a market cap of $628.98 million, a PE ratio of 9.49 and a beta of 0.85.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on IBCP shares. DA Davidson lifted their price objective on Independent Bank from $37.00 to $39.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $41.00 price objective (up from $39.00) on shares of Independent Bank in a report on Friday, January 24th.
View Our Latest Analysis on IBCP
About Independent Bank
(
Get Free Report)
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.
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