Independent Bank (IBCP) Stock Price, News & Analysis

Company Overview

Independent Bank Corporation is a bank holding company headquartered in Ionia, Michigan. Through its principal subsidiary, Independent Bank, the company provides community banking services to individuals, families, businesses and municipalities throughout Michigan.

Independent Bank offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit. Its lending activities include residential mortgages, home equity financing, consumer loans, commercial real estate loans and financing for small and middle-market businesses. The bank also provides treasury management, cash management, online and mobile banking, and other banking services.

The company has served Michigan communities since Independent Bank’s founding in 1864 and operates a network of banking offices primarily across Michigan’s Lower Peninsula. Its services may also include wealth management and investment-related offerings through affiliated or partnered financial professionals. Independent Bank Corporation is led by President and Chief Executive Officer David B. Denkema.

Key Stats

• Today's Range: $35.04 to $35.86
• 50-Day Range: $35.17 to $38.50
• 52-Week Range: $29.83 to $39.24
• Volume: 152,063 shs
• Average Volume: 198,899 shs
• Market Capitalization: $780.77 million
• P/E Ratio: 10.22
• Dividend Yield: 3.18%
• Price Target: $39.50
• Consensus Rating: Moderate Buy

Independent Bank Stock Analysis - MarketRank™

Independent Bank scored higher than 83% of companies evaluated by MarketBeat, and ranked 299th out of 851 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: 2.9 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Independent Bank has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on no strong buy ratings, 3 buy ratings, 2 hold ratings, and no sell ratings.

Upside Potential

Independent Bank has a consensus price target of $39.50, representing about 12.3% upside from its current price of $35.17.

Amount of Analyst Coverage

Independent Bank has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.52%

Earnings Growth

Earnings for Independent Bank are expected to grow by 7.52% in the coming year, from $3.59 to $3.86 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Independent Bank is 10.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 40.87.

Price to Earnings Ratio vs. Sector

The P/E ratio of Independent Bank is 10.22, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.56.

Price to Book Value per Share Ratio

Independent Bank has a P/B Ratio of 1.45. 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

3.69% 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 3.57, 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 1.83%, indicating that investor sentiment is decreasing.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Independent Bank pays a meaningful dividend of 3.15%, 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 32.56%. 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 29.02% next year. This indicates that Independent Bank will be able to sustain or increase its dividend.

News and Social Media

• Score: 1.6 / 5
• News Sentiment: 0.55

News Sentiment

Independent Bank has a news sentiment score of 0.55. 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 news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Independent Bank this week, compared to 2 articles on an average week.

Company Ownership

• Score: 1.6 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Independent Bank insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $85,693.00 in company stock.

Percentage Held by Insiders

5.91% 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.

Company Calendar

• Last Earnings: 7/23/2026
• Record date for 8/14 Dividend: 8/04/2026
• Ex-Dividend for 8/14 Dividend: 8/04/2026
• Dividend Payable: 8/14/2026
• Today: 10/13/2026
• Next Earnings (Estimated): 10/27/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:IBCP
• CIK: 39311
• Web: www.independentbank.com
• Phone: (616) 527-5820
• Fax: 616-527-4004
• Employees: 826
• Year Founded: 1864

Price Target and Rating

• Average Price Target for Independent Bank: $39.50
• High Price Target: $42.00
• Low Price Target: $37.00
• Potential Upside/Downside: +12.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.44
• Trailing P/E Ratio: 10.22
• Forward P/E Ratio: 9.80
• P/E Growth: N/A
• Net Income: $68.54 million
• Net Margins: 22.32%
• Pretax Margin: 26.26%
• Return on Equity: 14.12%
• Return on Assets: 1.29%

Debt

• Debt-to-Equity Ratio: 0.32
• Current Ratio: 0.95
• Quick Ratio: 0.94

Sales & Book Value

• Annual Sales: $315.38 million
• Price / Sales: 2.48
• Cash Flow: $3.75 per share
• Price / Cash Flow: 9.38
• Book Value: $24.31 per share
• Price / Book: 1.45

Miscellaneous

• Outstanding Shares: 22,200,000
• Free Float: 20,887,000
• Market Cap: $780.77 million
• Optionable: Optionable
• Beta: 0.73