What is DA Davidson's Forecast for IBCP Q3 Earnings?

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) - Analysts at DA Davidson issued their Q3 2025 earnings per share (EPS) estimates for Independent Bank in a research report issued on Friday, July 25th. DA Davidson analyst P. Winter forecasts that the financial services provider will earn $0.84 per share for the quarter. DA Davidson has a "Neutral" rating and a $37.00 price target 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.

Independent Bank (NASDAQ:IBCP - Get Free Report) last announced 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 company had revenue of $55.94 million during the quarter, compared to analyst estimates of $47.72 million. Independent Bank had a return on equity of 14.13% and a net margin of 20.31%.

A number of other equities analysts also recently commented on IBCP. Keefe, Bruyette & Woods cut their price objective on Independent Bank from $37.00 to $35.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Piper Sandler cut their price objective on Independent Bank from $38.00 to $36.00 and set a "neutral" rating on the stock in a report on Monday, April 28th.

Independent Bank Stock Performance

Independent Bank stock opened at $32.46 on Monday. The stock's 50-day moving average is $32.40 and its 200-day moving average is $32.42. The company has a market cap of $672.57 million, a price-to-earnings ratio of 10.57 and a beta of 0.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.90. Independent Bank has a 12 month low of $26.75 and a 12 month high of $40.32.

Institutional Investors Weigh In On Independent Bank

Several hedge funds have recently modified their holdings of IBCP. CWM LLC grew its stake in Independent Bank by 5.2% during the 2nd quarter. CWM LLC now owns 6,828 shares of the financial services provider's stock valued at $221,000 after purchasing an additional 340 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Independent Bank during the 2nd quarter valued at approximately $30,000. Hudson Edge Investment Partners Inc. grew its stake in Independent Bank by 1.1% during the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 31,597 shares of the financial services provider's stock valued at $1,024,000 after purchasing an additional 339 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Independent Bank by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 29,471 shares of the financial services provider's stock valued at $955,000 after purchasing an additional 461 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its stake in Independent Bank by 2.6% during the 2nd quarter. Wedge Capital Management L L P NC now owns 24,768 shares of the financial services provider's stock valued at $803,000 after purchasing an additional 639 shares in the last quarter. 79.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Michael M. Magee, Jr. sold 6,404 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $31.00, for a total transaction of $198,524.00. Following the sale, the director directly owned 8,381 shares in the company, valued at approximately $259,811. This trade represents a 43.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Terance L. Beia bought 1,821 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were bought at an average price of $30.65 per share, for a total transaction of $55,813.65. Following the completion of the acquisition, the director owned 40,001 shares in the company, valued at approximately $1,226,030.65. This trade represents a 4.77% increase in their position. The disclosure for this purchase can be found here. Company insiders own 5.68% of the company's stock.

Independent Bank Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Tuesday, August 5th will be issued a dividend of $0.26 per share. The ex-dividend date is Tuesday, August 5th. This represents a $1.04 annualized dividend and a dividend yield of 3.20%. Independent Bank's payout ratio is currently 33.12%.

About Independent Bank

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.

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