Independent Bank (IBCP) Stock Price, News & Analysis

Company Overview

Independent Bank Corporation (NASDAQ: IBCP) is a bank holding company headquartered in Grand Rapids, Michigan. Through its primary subsidiary, Independent Bank, the company offers a full range of commercial and personal banking services designed to meet the needs of individuals, small businesses and corporate clients. The company’s offerings span traditional branch-based banking as well as digital and mobile platforms.

Independent Bank provides deposit products such as checking and savings accounts, money market accounts and certificates of deposit. On the lending side, the bank originates commercial real estate loans, construction loans, equipment finance and agribusiness lending, alongside consumer-focused products including residential mortgages, home equity lines of credit and auto loans. The company also offers treasury management services, merchant card processing and wealth management solutions.

With its roots in West Michigan, Independent Bank operates a network of branches and loan production offices serving communities across the Lower Peninsula. The company emphasizes community banking values, combining local decision-making authority with the resources and technology of a regional financial institution. Online and mobile banking platforms support clients with 24/7 account access, digital payments and remote deposit capture.

Independent Bank is led by a team of banking professionals with deep experience in financial services, risk management and community engagement. The company’s board of directors and executive officers oversee strategic initiatives aimed at fostering growth, maintaining credit quality and strengthening customer relationships within its core markets.

Key Stats

• Today's Range: $32.71 to $33.53
• 50-Day Range: $30.09 to $34.60
• 52-Week Range: $26.75 to $40.32
• Volume: 62,397 shs
• Average Volume: 86,150 shs
• Market Capitalization: $679.70 million
• P/E Ratio: 10.69
• Dividend Yield: 3.17%
• Price Target: $36.00
• Consensus Rating: Hold

Independent Bank Stock Analysis - MarketRank™

Independent Bank scored higher than 65% of companies evaluated by MarketBeat, and ranked 457th out of 925 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Hold

Consensus Rating

Independent Bank has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

Upside/Downside

The consensus price target for Independent Bank is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Independent Bank has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 1.86%

Earnings Growth

Earnings for Independent Bank are expected to grow by 1.86% in the coming year, from $3.22 to $3.28 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Independent Bank is 10.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 277.87.

Price to Earnings Ratio vs. Sector

The P/E ratio of Independent Bank is 10.69, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 232.30.

Price to Book Value per Share Ratio

Independent Bank has a P/B Ratio of 1.51. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.79% of the float of Independent Bank has been sold short.

Short Interest Ratio / Days to Cover

Independent Bank has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Independent Bank has recently increased by 14.77%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Independent Bank pays a meaningful dividend of 3.14%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Independent Bank has been increasing its dividend for 11 years.

Dividend Coverage

The dividend payout ratio of Independent Bank is 33.88%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Independent Bank will have a dividend payout ratio of 31.71% next year. This indicates that Independent Bank will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.79% of the float of Independent Bank has been sold short.

Short Interest Ratio / Days to Cover

Independent Bank has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Independent Bank has recently increased by 14.77%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.4 / 5
• News Sentiment: 0.59

News Sentiment

Independent 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 is a lower news sentiment than the 0.96 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Independent Bank this week, compared to 3 articles on an average week.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Independent Bank insiders have bought 151.87% more of their company's stock than they have sold. Specifically, they have bought $115,094.00 in company stock and sold $45,696.00 in company stock.

Percentage Held by Insiders

Only 5.68% of the stock of Independent Bank is held by insiders.

Percentage Held by Institutions

79.43% of the stock of Independent Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

IBCP Stock Analysis - Frequently Asked Questions

How have IBCP shares performed this year?

Independent Bank's stock was trading at $34.83 on January 1st, 2025. Since then, IBCP stock has decreased by 5.8% and is now trading at $32.82.

How were Independent Bank's earnings last quarter?

Independent Bank Corporation (NASDAQ:IBCP) issued its quarterly earnings results on Thursday, July, 24th. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.78 by $0.03. The financial services provider earned $55.94 million during the quarter, compared to analysts' expectations of $47.72 million. Independent Bank had a trailing twelve-month return on equity of 14.05% and a net margin of 20.31%.
Read the conference call transcript.

Who are Independent Bank's major shareholders?

Independent Bank's top institutional investors include FJ Capital Management LLC (3.21%), American Century Companies Inc. (2.87%), Geode Capital Management LLC (2.63%) and Acadian Asset Management LLC (2.33%). Insiders that own company stock include Stefanie M Kimball, Terance L Beia, Patrick J Ervin, Gavin A Mohr, Dennis W Archer Jr, Michael M Magee 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 Earnings: 7/24/2025
• Record date for 8/15 Dividend: 8/05/2025
• Ex-Dividend for 8/15 Dividend: 8/05/2025
• Dividend Payable: 8/15/2025
• Today: 9/06/2025
• Next Earnings (Estimated): 10/23/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: BANKS - MIDWEST
• Sub-Industry: Banking
• Current Symbol: NASDAQ:IBCP
• CIK: 39311
• Web: www.independentbank.com
• Phone: (616) 527-5820
• Fax: 616-527-4004
• Employees: 920
• Year Founded: 1864

Price Target and Rating

• Average Price Target for Independent Bank: $36.00
• High Price Target: $37.00
• Low Price Target: $35.00
• Potential Upside/Downside: +9.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.07
• Trailing P/E Ratio: 10.69
• Forward P/E Ratio: 10.19
• P/E Growth: N/A
• Net Income: $66.79 million
• Net Margins: 20.31%
• Pretax Margin: 25.06%
• Return on Equity: 14.05%
• Return on Assets: 1.21%

Debt

• Debt-to-Equity Ratio: 0.39
• Current Ratio: 0.92
• Quick Ratio: 0.92

Sales & Book Value

• Annual Sales: $323.14 million
• Price / Sales: 2.10
• Cash Flow: $3.65 per share
• Price / Cash Flow: 9.00
• Book Value: $21.76 per share
• Price / Book: 1.51

Miscellaneous

• Outstanding Shares: 20,710,000
• Free Float: 19,534,000
• Market Cap: $679.70 million
• Optionable: Optionable
• Beta: 0.87