Independent Bank Corp. Company Profile (NASDAQ:IBCP)

Analyst Ratings

Consensus Ratings for Independent Bank Corp. (NASDAQ:IBCP) (?)
Ratings Breakdown: 2 Hold Rating(s)
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: N/A

Analysts' Ratings History for Independent Bank Corp. (NASDAQ:IBCP)
Show:
DateFirmActionRatingPrice TargetActions
5/4/2016Boenning ScattergoodInitiated CoverageNeutralView Rating Details  Tweet This Rating  Share This Rating on StockTwits
8/11/2015FIG PartnersDowngradeOutperform -> Market PerformView Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/28/2015Keefe, Bruyette & WoodsBoost Price TargetMarket Perform$13.00 -> $14.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
9/5/2014Sandler O'NeillInitiated CoverageBuy$14.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 7/29/2014 forward)

Earnings

Earnings History for Independent Bank Corp. (NASDAQ:IBCP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
7/28/2016        
7/28/2016Q216$0.25$0.30$24.60 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/25/2016Q1$0.20$0.19ViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/25/2016Q4$0.22$0.25ViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/29/2015Q315$0.23$0.22$19.27 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/27/2015Q115$0.20$0.24$18.50 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/20/2015Q414$0.15$0.16$17.90 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/23/2015Q314$0.18$0.17$18.20 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/27/2014Q3$0.21$0.21ViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/28/2014Q214$0.18$0.26$28.70 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/21/2014Q114$0.16$0.13$28.90 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/30/2014Q413$0.26$0.21$31.91 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/30/2013$0.26$0.17ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Independent Bank Corp. (NASDAQ:IBCP)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.21$0.22$0.22
Q2 20163$0.23$0.27$0.25
Q3 20162$0.25$0.25$0.25
Q4 20162$0.25$0.26$0.26
Q1 20171$0.25$0.25$0.25
Q2 20171$0.26$0.26$0.26
Q3 20171$0.27$0.27$0.27
Q4 20171$0.27$0.27$0.27
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Independent Bank Corp. (NASDAQ:IBCP)
Annual Dividend:$0.32
Dividend Yield:2.10%
Payout Ratio:35.56% (Based on Trailing 12 Months of Earnings)
34.04% (Based on Current Year Consensus EPS Estimate)
30.48% (Based on Next Year Consensus EPS Estimate)

Dividend History for Independent Bank Corp. (NASDAQ:IBCP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable DateShare
7/26/2016quarterly$0.088/4/20168/8/20168/15/2016Tweet This Announcement  Share This Announcement on StockTwits
4/26/2016quarterly$0.085/4/20165/6/20165/16/2016Tweet This Announcement  Share This Announcement on StockTwits
1/22/2016quarterly$0.082/3/20162/5/20162/16/2016Tweet This Announcement  Share This Announcement on StockTwits
10/29/2015quarterly$0.0811/5/201511/9/201511/16/2015Tweet This Announcement  Share This Announcement on StockTwits
7/27/2015quarterly$0.068/5/20158/7/20158/17/2015Tweet This Announcement  Share This Announcement on StockTwits
4/22/2015quarterly$0.061.83%5/1/20155/5/20155/15/2015Tweet This Announcement  Share This Announcement on StockTwits
1/21/2015quarterly$0.061.9%2/4/20152/6/20152/17/2015Tweet This Announcement  Share This Announcement on StockTwits
10/28/2014quarterly$0.061.98%11/5/201411/7/201411/17/2014Tweet This Announcement  Share This Announcement on StockTwits
7/22/2014quarterly$0.061.94%8/1/20148/5/20148/15/2014Tweet This Announcement  Share This Announcement on StockTwits
4/16/2014quarterly$0.064/28/20144/30/20145/15/2014Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Independent Bank Corp. (NASDAQ:IBCP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionActions
5/31/2016Stefanie M KimballEVPSell3,000$14.85$44,550.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/25/2016James J TwarozynskiSVPSell1,000$15.03$15,030.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/15/2016William B KesselCEOSell1,500$14.63$21,945.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/20/2015Dennis J. MackEVPSell4,200$15.05$63,210.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
9/29/2015Mark L. CollinsEVPSell3,153$14.89$46,948.17View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
9/25/2015Joan A. BuddenDirectorBuy5,065$14.85$75,215.25View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
9/25/2015Mark L. CollinsEVPSell2,047$14.87$30,438.89View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
9/24/2015David C. ReglinEVPSell3,877$14.61$56,642.97View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
9/16/2015William B. KesselCEOSell5,000$14.15$70,750.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
9/10/2015Robert N. ShusterEVPSell4,200$14.11$59,262.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
9/9/2015Stefanie M. KimballEVPSell3,000$14.14$42,420.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/18/2014Michael M Magee JrChairmanSell24,864$12.91$320,994.24View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/17/2014Michael M Magee JrChairmanSell9,113$12.86$117,193.18View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/16/2014Michael M Magee JrChairmanSell3,523$12.90$45,446.70View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/13/2014Michael M Magee JrChairmanSell7,500$12.87$96,525.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/12/2014Michael M Magee JrChairmanSell25,000$12.88$322,000.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/29/2014Stephen L Gulis JrDirectorSell7,167$12.90$92,454.30View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/23/2014Stephen L Gulis JrDirectorSell1,822$12.90$23,503.80View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/21/2014Stephen L Gulis JrDirectorSell6,352$12.90$81,940.80View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/5/2014Stefanie M KimballEVPSell1,500$12.65$18,975.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/28/2013David C ReglinEVPBuy3,225$7.75$24,993.75View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/28/2013Dennis J MackSVPBuy1,000$7.75$7,750.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/28/2013Loan Charles C VanDirectorBuy3,000$7.75$23,250.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/28/2013Michael M Magee JrChairmanBuy1,290$7.75$9,997.50View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/29/2013Stephen L Gulis JrDirectorSell1,018$6.30$6,413.40View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/2/2012William J BoerDirectorBuy11,500$3.45$39,675.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Independent Bank Corp. (NASDAQ:IBCP)
DateHeadline
07/28/16 07:28 AMIndependent Bank Corporation Reports 2016 Second Quarter Results - [at noodls] - GRAND RAPIDS, Mich., July 28, 2016 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ:IBCP) reported second quarter 2016 net income of $6.4 million, or $0.30 per diluted share, versus net income ...
07/20/16 07:30 AMIndependent Bank Corporation Is Still Looking For An Earnings Driver
07/19/16 10:00 AMHail! Hail! to Michigan Banks -
07/12/16 07:27 AMIndependent Bank Corp. (Michigan) breached its 50 day moving average in a Bullish Manner : IBCP-US : July 12, 2016 -
07/11/16 03:33 PMIndependent Bank Corp.’s Second Quarter Earnings Press Release and Conference Call Announcement - [at noodls] - ROCKLAND, Mass.--(BUSINESS WIRE)-- Independent Bank Corp. (NASDAQ: INDB), parent of Rockland Trust Company, will release its 2016 second quarter earnings press release upon the close of business on Thursday ...
06/30/16 03:11 PMINDEPENDENT BANK CORP /MI/ Files SEC form 8-K, Other Events -
06/28/16 02:01 PMIndependent Bank Corporation Announces Date for Its Second Quarter 2016 Earnings Release - [at noodls] - GRAND RAPIDS, Mich., June 28, 2016 (GLOBE NEWSWIRE) -- Independent Bank Corporation (Nasdaq:IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to ...
06/23/16 03:31 PMIndependent Bank Trades Ex-Dividend Thursday (INDB) -
06/14/16 07:32 AMIndependent Bank Corp. (Michigan) breached its 50 day moving average in a Bearish Manner : IBCP-US : June 14, 2016 -
05/09/16 07:40 AMIndependent Bank Corp. (Michigan) breached its 50 day moving average in a Bearish Manner : IBCP-US : May 9, 2016 -
04/28/16 12:25 PMETF’s with exposure to Independent Bank Corp. (Michigan) : April 28, 2016 -
04/28/16 08:46 AMINDEPENDENT BANK CORP /MI/ Files SEC form 8-K, Submission of Matters to a Vote of Security Holders -
04/27/16 07:15 AMIndependent Bank Corp. (Michigan) breached its 50 day moving average in a Bullish Manner : IBCP-US : April 27, 2016 -
04/26/16 01:42 PMIndependent Bank Corporation Announces Cash Dividend on Its Common Stock and Expanded Share Repurchase Plan - [at noodls] - GRAND RAPIDS, Mich., April 26, 2016 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ:IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Board ...
04/26/16 01:29 PM2:29 pm Independent Bank announces $5 mln expansion of 2016 share repurchase plan -
04/26/16 10:10 AMIndependent Bank's (IBCP) CEO Brad Kessel on Q1 2016 Results - Earnings Call Transcript - Good morning and welcome to the IBCP Independent Bank Corp. First Quarter ... Our footprint is shown on the Michigan slide Page 6. Today Independent Bank is the fifth largest bank headquartered in Michigan and operates 63 branch locations in 21 counties ...
04/26/16 09:14 AMINDEPENDENT BANK CORP /MI/ Files SEC form 8-K, Regulation FD Disclosure -
04/25/16 01:31 PMEdited Transcript of IBCP earnings conference call or presentation 25-Apr-16 3:00pm GMT -
04/25/16 01:12 PMWhy Apple, Credit Suisse, Philips, Cabot Oil & Gas, and Independent Bank Are Down Today -
04/25/16 07:13 AMIndependent Bank posts 1Q profit -
04/25/16 07:00 AMIndependent Bank Corporation Reports 2016 First Quarter Results - [GlobeNewswire] - GRAND RAPIDS, Mich., April 25, 2016-- Independent Bank Corporation reported first quarter 2016 net income of $4.1 million, or $0.19 per diluted share, versus net income of $3.8 million, or $0.16 per diluted ...
04/25/16 06:07 AMQ1 2016 Independent Bank Corp Earnings Release - Before Market Open -
04/21/16 03:43 PMIndependent Bank Corp. posts 1Q profit -
04/21/16 03:21 PMIndependent Bank Corp. Reports First Quarter Operating Net Income of $19.1 Million - [at noodls] - ROCKLAND, Mass.--(BUSINESS WIRE)-- Independent Bank Corp. (NASDAQ: INDB), parent of Rockland Trust Company, today announced 2016 first quarter net income of $18.6 million, or $0.71 per diluted share, as ...
04/12/16 03:16 PMIndependent Bank Corp.’s First Quarter Earnings Press Release and Conference Call Announcement - [at noodls] - ROCKLAND, Mass.--(BUSINESS WIRE)-- Independent Bank Corp. (NASDAQ: INDB), parent of Rockland Trust Company, will release its 2016 first quarter earnings press release upon the close of business on Thursday, ...
04/04/16 07:07 AMIndependent Bank Corp. (Michigan) breached its 50 day moving average in a Bullish Manner : IBCP-US : April 4, 2016 -
03/23/16 08:05 AMIndependent Bank Corp. (Michigan) breached its 50 day moving average in a Bearish Manner : IBCP-US : March 23, 2016 -
03/15/16 11:36 AMIndependent Bank MI : Corporation : Announces Date for Its First Quarter 2016 Earnings Release - GRAND RAPIDS, Mich., March 14, 2016 (GLOBE NEWSWIRE) -- Independent Bank Corporation (Nasdaq:IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2016 first quarter financial results on ...
03/11/16 07:11 AMIndependent Bank Corp. (Michigan) breached its 50 day moving average in a Bearish Manner : IBCP-US : March 11, 2016 -
03/07/16 04:17 PMINDEPENDENT BANK CORP /MI/ Files SEC form 10-K, Annual Report -
02/18/16 12:24 PMFour promoted at FNB & Trust - IRON MOUNTAIN - First National Bank & Trust, a hometown independent bank, announces the promotion of ... he worked for Baker Tilly Virchow Krause as a tax associate and Leaf, Dahl and Co. as a senior accountant. He began working for First National Bank ...
02/03/16 10:45 AMWest Michigan banking roundup: Q4 and year end 2015 - Here is a round-up of quarterly and annual performance filings from banks in West Michigan ... bank ended 2015 with total assets of $1.72 billion, an increase of more than 9 percent from a year earlier. • Ionia-based Independent Bank Corp. (Nasdaq: IBCP ...
01/28/16 07:05 AMIndependent Bank Corp. (Michigan) breached its 50 day moving average in a Bullish Manner : January 28, 2016 -
01/27/16 10:54 AMIndependent Bank Corp. (Michigan) Earnings Analysis: Q4, 2015 By the Numbers -
01/25/16 05:18 PMIndependent Bank's (IBCP) CEO Brad Kessel on Q4 2015 Results - Earnings Call Transcript - Good day, and welcome to the IBCP Independent Bank Corp. Fourth Quarter ... Our footprint is shown on the Michigan market slide, Page 7, of our deck. Today, Independent Bank is the fifth largest bank headquartered in Michigan and operates 63 branch ...
01/25/16 03:41 PMEarnings Recap For January 25 -
01/25/16 11:14 AMEdited Transcript of IBCP earnings conference call or presentation 25-Jan-16 4:00pm GMT -
01/25/16 07:27 AMIndependent Bank Corporation Reports 2015 Fourth Quarter and Full Year Results and 2016 Share Repurchase Authorization - [at noodls] - GRAND RAPIDS, Mich., Jan. 25, 2016 (GLOBE NEWSWIRE) -- Independent Bank Corporation (Nasdaq:IBCP) reported fourth quarter 2015 net income of $5.6 million, or $0.25 per diluted share, versus net income ...
01/25/16 07:21 AMIndependent Bank posts 4Q profit -
01/25/16 07:14 AMINDEPENDENT BANK CORP /MI/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an -
01/25/16 07:05 AMIndependent Bank Corp. (INDB) in Focus: Stock Jumps 7.2% -
01/25/16 06:07 AMQ4 2015 Independent Bank Corp Earnings Release - 08:00 am ET -
01/22/16 09:03 AMIndependent Bank Corporation Announces Cash Dividend on Its Common Stock - [at noodls] - GRAND RAPIDS, Mich., Jan. 22, 2016 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ:IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that on Jan. 21, 2016 ...
01/21/16 03:59 PMIndependent Bank Corp. posts 4Q profit -
01/21/16 03:29 PMIndependent Bank Corp. Reports Fourth Quarter Operating Net Income of $19.5 Million - [at noodls] - Record Operating Earnings Per Share in 2015 of $2.76 ROCKLAND, Mass.--(BUSINESS WIRE)-- Independent Bank Corp. (NASDAQ: INDB), parent of Rockland Trust Company, today announced 2015 fourth quarter net ...
12/15/15 03:55 PMIndependent Bank Corp. Announces Dividend Reinvestment Discount Rate for Fourth Quarter Dividend - [at noodls] - ROCKLAND, Mass.--(BUSINESS WIRE)-- Independent Bank Corp. (NASDAQ: INDB), parent of Rockland Trust Company, today announced that effective with the fourth quarter dividend declared on December 10, 2015, ...
12/14/15 09:24 AMIndependent Bank Corp. CFO Robert Cozzone to Present at the 2015 Piper Jaffray Bank Symposium - [at noodls] - ROCKLAND, Mass.--(BUSINESS WIRE)-- Robert D. Cozzone, Chief Financial Officer and Treasurer of Independent Bank Corp. (NASDAQ: INDB), will present at the 2015 Piper Jaffray Bank Symposium on Monday, December ...
12/10/15 04:01 PMIndependent Bank Corp. Announces Quarterly Dividend - [at noodls] - ROCKLAND, Mass.--(BUSINESS WIRE)-- The Board of Directors of Independent Bank Corp. (NASDAQ: INDB), parent of Rockland Trust Company, today announced a $0.26 per share dividend which will be payable on ...
12/09/15 07:43 AMIndependent Bank Corp. (Michigan) breached its 50 day moving average in a Bearish Manner : December 9, 2015 -
12/08/15 12:17 PMINDEPENDENT BANK CORP /MI/ Financials -

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About Independent Bank Corp.

Independent Bank Corp. logoIndependent Bank Corporation is a bank holding company. The Company owns all of the outstanding stock of Independent Bank (the Bank). The Bank is engaged in providing commercial banking. The Bank offers a range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending and safe deposit box services. The Company's principal markets are the rural and suburban communities across Lower Michigan, which are served by the Bank's main office in Grand Rapids, Michigan, and a total of approximately 60 branches, over one drive-in facility and approximately eight loan production offices. The Bank's branches provide lobby and drive-in services, as well as automatic teller machines (ATMs). In addition to general banking services, its Bank also offers title insurance services and investment services.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Midwest Banks
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: IBCP
  • CUSIP:
Key Metrics:
  • Previous Close: $15.07
  • 50 Day Moving Average: $14.75
  • 200 Day Moving Average: $14.70
  • P/E Ratio: 16.99
  • P/E Growth: 3.09
  • Market Cap: $323.61M
  • Beta: 0.3
  • Current Year EPS Consensus Estimate: $0.94 EPS
  • Next Year EPS Consensus Estimate: $1.05 EPS
Additional Links:
Independent Bank Corp. (NASDAQ:IBCP) Chart for Friday, July, 29, 2016