Q3 Earnings Estimate for IBCP Issued By DA Davidson

Key Points

• DA Davidson forecasts Independent Bank Corporation (IBCP) will report Q3 2025 earnings of $0.84 per share, maintaining a "Neutral" rating with a price target of $37.00.
• Independent Bank recently reported Q2 earnings of $0.81 per share, exceeding expectations, with revenue of $55.94 million—better than the anticipated $47.72 million.
• The company announced a quarterly dividend of $0.26 per share, representing a 3.20% yield, with an ex-dividend date set for August 5th.

Independent Bank Corporation (NASDAQ:IBCP - Free Report) - Equities researchers at DA Davidson issued their Q3 2025 earnings per share (EPS) estimates for Independent Bank in a report released on Friday, July 25th. DA Davidson analyst P. Winter forecasts that the financial services provider will post earnings of $0.84 per share for the quarter. DA Davidson currently has a "Neutral" rating and a $37.00 target price on the stock. The consensus estimate for Independent Bank's current full-year earnings is $3.22 per share. DA Davidson also issued estimates for Independent Bank's FY2025 earnings at $3.23 EPS.

Several other equities research analysts have also recently issued reports on the company. Keefe, Bruyette & Woods cut their price target on Independent Bank from $37.00 to $35.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. Piper Sandler cut their price target on Independent Bank from $38.00 to $36.00 and set a "neutral" rating for the company in a research note on Monday, April 28th.

Independent Bank Price Performance

Shares of IBCP stock traded down $0.50 during trading on Monday, hitting $30.65. The company had a trading volume of 7,126 shares, compared to its average volume of 100,389. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.90 and a current ratio of 0.91. The firm has a market capitalization of $635.15 million, a P/E ratio of 9.97 and a beta of 0.84. The stock's 50-day moving average price is $32.37 and its 200 day moving average price is $32.40. Independent Bank has a one year low of $26.75 and a one year high of $40.32.

Independent Bank (NASDAQ:IBCP - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.03. Independent Bank had a return on equity of 14.13% and a net margin of 20.31%. The company had revenue of $55.94 million during the quarter, compared to analysts' expectations of $47.72 million.

Independent Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, August 5th. This represents a $1.04 annualized dividend and a yield of 3.39%. Independent Bank's dividend payout ratio is currently 33.88%.

Insider Buying and Selling

In other news, Director Terance L. Beia acquired 1,821 shares of the stock in a transaction on Friday, June 13th. The stock was acquired at an average cost of $30.65 per share, for a total transaction of $55,813.65. Following the completion of the transaction, the director directly owned 40,001 shares in the company, valued at approximately $1,226,030.65. This trade represents a 4.77% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 5.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in shares of Independent Bank by 408.6% during the first quarter. Versant Capital Management Inc now owns 890 shares of the financial services provider's stock worth $27,000 after buying an additional 715 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Independent Bank during the second quarter worth $30,000. Aquatic Capital Management LLC acquired a new position in shares of Independent Bank during the fourth quarter worth $42,000. Tower Research Capital LLC TRC increased its holdings in shares of Independent Bank by 246.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,439 shares of the financial services provider's stock worth $50,000 after buying an additional 1,024 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Independent Bank during the fourth quarter worth $58,000. 79.43% of the stock is currently owned by institutional investors and hedge funds.

Independent Bank Company Profile

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.