Independent Bank (IBCP) News Today

Independent Bank Co. (NASDAQ:IBCP - Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 199,400 shares, a growth of 20.1% from the May 15th total of 166,000 shares. Based on an average daily volume of 70,700 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.0% of the company's shares are short sold.

Piper Sandler upgraded Independent Bank to a "hold" rating in a report on Tuesday.

Hillsdale Investment Management Inc. acquired a new position in shares of Independent Bank Co. (NASDAQ:IBCP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 141,228 shares of the financial

LSV Asset Management cut its stake in Independent Bank Co. (NASDAQ:IBCP - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 536,870 shares of the financial services provider's

Independent Bank Co. (NASDAQ:IBCP - Free Report) - Investment analysts at DA Davidson decreased their FY2024 earnings per share (EPS) estimates for shares of Independent Bank in a report issued on Tuesday, April 30th. DA Davidson analyst P. Winter now expects that the financial services provider

Independent Bank Co. (NASDAQ:IBCP - Free Report) - Research analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of Independent Bank in a research note issued to investors on Tuesday, April 30th. DA Davidson analyst P. Winter expects that the financial servic

DA Davidson restated a "neutral" rating and issued a $28.00 price target on shares of Independent Bank in a research note on Tuesday.

Independent Bank Co. (NASDAQ:IBCP - Get Free Report) SVP James J. Twarozynski sold 1,500 shares of Independent Bank stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $25.00, for a total value of $37,500.00. Following the completion of the transaction, the senior vice president now owns 8,366 shares of the company's stock, valued at $209,150. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Independent Bank Co. (NASDAQ:IBCP) 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 by the financial services provider on Monday, May 13th. This represents a $0.96 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 2nd.

Independent Bank Co. (NASDAQ:IBCP - Get Free Report) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 283,300 shares, an increase of 10.1% from the February 29th total of 257,300 shares. Approximately 1.4% of the company's stock are sold short. Based on an average trading volume of 81,900 shares, the short-interest ratio is currently 3.5 days.

Independent Bank Co. (NASDAQ:IBCP - Get Free Report) was the recipient of a significant growth in short interest in February. As of February 29th, there was short interest totalling 257,300 shares, a growth of 8.7% from the February 14th total of 236,600 shares. Currently, 1.3% of the company's stock are sold short. Based on an average daily trading volume, of 86,300 shares, the short-interest ratio is presently 3.0 days.

Fmr LLC boosted its position in Independent Bank Co. (NASDAQ:IBCP - Free Report) by 12.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 773,868 shares of the financial services provider's stock after purchasing an additional 87,852 shares

Hovde Group initiated coverage on shares of Independent Bank in a research note on Monday. They set a "market perform" rating for the company.

Independent Bank Co. (NASDAQ:IBCP - Free Report) - DA Davidson issued their FY2025 EPS estimates for shares of Independent Bank in a research report issued on Tuesday, January 30th. DA Davidson analyst P. Winter forecasts that the financial services provider will post earnings per share of $3.04

Assenagon Asset Management S.A. increased its stake in Independent Bank Co. (NASDAQ:IBCP - Free Report) by 31.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 190,556 shares of the financial services provider's

Independent Bank Co. (NASDAQ:IBCP - Free Report) - Research analysts at DA Davidson issued their Q1 2024 earnings estimates for shares of Independent Bank in a research note issued on Tuesday, January 30th. DA Davidson analyst P. Winter forecasts that the financial services provider will post ear