NASDAQ:IBCP Independent Bank (IBCP) Stock Price, News & Analysis $32.08 -0.37 (-1.14%) (As of 09/27/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Independent Bank alerts: Email Address 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$31.94▼$32.8550-Day Range$31.04▼$35.2752-Week Range$16.90▼$35.97Volume230,192 shsAverage Volume96,327 shsMarket Capitalization$670.54 millionP/E Ratio10.91Dividend Yield2.99%Price Target$32.17Consensus 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… Can just one ticker lead to a successful retirement? (Ad)ONE AI Stock is All You Need... There are over 6,000 stocks listed in the market right now. They will NOT make you rich. However, there is one stock that stands head and shoulders above everything else. It's currently trading for only $15...Click here for the ticker >>> Independent Bank Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks37th Percentile Overall ScoreIBCP MarketRank™: Independent Bank scored higher than 37% of companies evaluated by MarketBeat, and ranked 782nd out of 962 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 2 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-3.51% Earnings GrowthEarnings for Independent Bank are expected to decrease by -3.51% in the coming year, from $3.13 to $3.02 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independent Bank is 10.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.32.Price to Earnings Ratio vs. SectorThe P/E ratio of Independent Bank is 10.91, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.59.Price to Book Value per Share RatioIndependent Bank has a P/B Ratio of 1.65. 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 Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted1.27% 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 1.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Independent Bank has recently increased by 14.58%, indicating that investor sentiment is decreasing significantly. Dividend2.5 / 5Dividend StrengthModerate Dividend YieldIndependent Bank pays a meaningful dividend of 2.84%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthIndependent Bank does not have a long track record of dividend growth.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 31.79% 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 Shorted1.27% 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 1.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Independent Bank has recently increased by 14.58%, indicating that investor sentiment is decreasing significantly. News and Social Media2.0 / 5News Sentiment0.61 News SentimentIndependent Bank has a news sentiment score of 0.61. 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 7 news articles for Independent Bank this week, compared to 2 articles on an average week. Company Ownership2.5 / 5Insider TradingSelling Shares Insider Buying vs. Insider SellingIn the past three months, Independent Bank insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $78,750.00 in 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.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 HeadlinesChristina Keller Sells 1,400 Shares of Independent Bank Co. (NASDAQ:IBCP) StockSeptember 14, 2024 | insidertrades.comIndependent Bank Corporation Announces Date for Its Third Quarter 2024 Earnings ReleaseSeptember 23, 2024 | globenewswire.comCan just one ticker lead to a successful retirement?ONE AI Stock is All You Need... There are over 6,000 stocks listed in the market right now. They will NOT make you rich. However, there is one stock that stands head and shoulders above everything else. It's currently trading for only $15...September 27, 2024 | Behind the Markets (Ad)California Business Bank (OTCMKTS:CABB) and Independent Bank (NASDAQ:IBCP) Financial ReviewSeptember 22, 2024 | americanbankingnews.com5 Analysts Have This To Say About Independent Bank GrSeptember 21, 2024 | benzinga.comWith 80% ownership, Independent Bank Corporation (NASDAQ:IBCP) boasts of strong institutional backingSeptember 7, 2024 | finance.yahoo.comIndependent Bank Second Quarter 2024 Earnings: EPS Beats ExpectationsJuly 30, 2024 | finance.yahoo.comIndependent Bank (NASDAQ:IBCP) Is Paying Out A Dividend Of $0.24July 27, 2024 | finance.yahoo.comSee More Headlines IBCP Stock Analysis - Frequently Asked Questions How have IBCP shares performed this year? Independent Bank's stock was trading at $26.02 at the beginning of 2024. Since then, IBCP stock has increased by 23.3% and is now trading at $32.08. View the best growth stocks for 2024 here. How were Independent Bank's earnings last quarter? Independent Bank Co. (NASDAQ:IBCP) announced its quarterly earnings data on Thursday, July, 25th. The financial services provider reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.17. The financial services provider earned $81.51 million during the quarter, compared to analyst estimates of $53.50 million. Independent Bank had a net margin of 21.11% and a trailing twelve-month return on equity of 16.90%. Who are Independent Bank's major shareholders? Independent Bank's top institutional investors include Dimensional Fund Advisors LP (4.71%), Renaissance Technologies LLC (2.85%), Acadian Asset Management LLC (2.03%) and The Manufacturers Life Insurance Company (2.01%). Insiders that own company stock include Stefanie M Kimball, Terance L Beia, 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. Compare Top Brokerages Here. 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 Endologix (ELGX), Chipotle Mexican Grill (CMG), Pfizer (PFE), Aegean Marine Petroleum Network (ANW), Occidental Petroleum (OXY) and Pentair (PNR). Company Calendar Last Earnings7/25/2024Ex-Dividend for 8/15 Dividend8/05/2024Dividend Payable8/15/2024Today9/27/2024Next Earnings (Confirmed)10/24/2024Fiscal Year End12/31/2024Get 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$32.17 High Stock Price Target$37.50 Low Stock Price Target$28.00 Potential Upside/Downside+0.3%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$2.94 Trailing P/E Ratio10.90 Forward P/E Ratio10.24 P/E GrowthN/ANet Income$59.07 million Net Margins21.11% Pretax Margin26.50% Return on Equity16.90% Return on Assets1.31% Debt Debt-to-Equity Ratio0.30 Current Ratio0.88 Quick Ratio0.88 Sales & Book Value Annual Sales$207.12 million Price / Sales3.24 Cash Flow$3.27 per share Price / Cash Flow9.79 Book Value$19.41 per share Price / Book1.65Miscellaneous Outstanding Shares20,902,000Free Float19,763,000Market Cap$670.12 million OptionableOptionable Beta0.99 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report This page (NASDAQ:IBCP) was last updated on 9/27/2024 by MarketBeat.com Staff From Our Partners10X More Profitable Than Physical Gold?The smart money is piling into gold and gold stocks. There's a backdoor gold play that could deliver 10 TIM...Monument Traders Alliance | SponsoredThe Bible Says it Clear As DayIt came to me clear-as-day thanks to the Bible… in the Parable of Talents, in the book of Matthew… This pa...Prosperity Research | SponsoredPrepare for an election day stock surpriseDuring his 50 years on Wall Street, legendary stockpicker Marc Chaikin traded through 13 presidential election...Chaikin Analytics | SponsoredMusk’s new company could top a trillion?The investment legend who predicted the rise of Bitcoin, Facebook and streaming services like Netflix… Just...Paradigm Press | SponsoredBuffett Dumps $982 Million in BofA Stock—What Does He Know?Buffett's been eerily quiet about his reasons, but his actions speak volumes. 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