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NASDAQ:IBCP

Independent Bank (IBCP) Stock Price, News & Analysis

$29.64
+1.37 (+4.85%)
(As of 07/15/2024 ET)
Today's Range
$28.60
$29.65
50-Day Range
$23.62
$29.64
52-Week Range
$16.90
$29.65
Volume
194,006 shs
Average Volume
86,073 shs
Market Capitalization
$619.48 million
P/E Ratio
10.08
Dividend Yield
3.24%
Price Target
$28.00

Independent Bank MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
5.5% Downside
$28.00 Price Target
Short Interest
Healthy
1.04% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.27mentions of Independent Bank in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$135,821 Sold Last Quarter
Proj. Earnings Growth
1.35%
From $2.96 to $3.00 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.69 out of 5 stars

Finance Sector

671st out of 869 stocks

State Commercial Banks Industry

160th out of 179 stocks

IBCP stock logo

About Independent Bank Stock (NASDAQ:IBCP)

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. The company also provides title insurance services and investment services, as well as automatic teller machines, and internet and mobile banking services. In addition, it operates through branches, drive-thru facilities, and loan production offices. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.

IBCP Stock Price History

IBCP Stock News Headlines

Independent Bank (NASDAQ:IBCP) Reaches New 52-Week High at $28.00
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Elon Musk just issued an urgent warning… Saying “The U.S. Dollar will be worth NOTHING…” As "stealth money printing" pushes the price of Bitcoin, Ethereum, XRP and crypto higher.
Musk Issues Urgent Warning…
Elon Musk just issued an urgent warning… Saying “The U.S. Dollar will be worth NOTHING…” As "stealth money printing" pushes the price of Bitcoin, Ethereum, XRP and crypto higher.
Independent Bank earnings: here's what to expect
Independent Bank: Q1 Earnings Snapshot
See More Headlines
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Company Calendar

Last Earnings
4/25/2024
Ex-Dividend for 5/13 Dividend
5/02/2024
Dividend Payable
5/13/2024
Today
7/15/2024
Next Earnings (Confirmed)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Banking
Current Symbol
NASDAQ:IBCP
Employees
920
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$28.00
High Stock Price Target
$28.00
Low Stock Price Target
$28.00
Potential Upside/Downside
-5.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$59.07 million
Pretax Margin
25.57%

Debt

Sales & Book Value

Annual Sales
$290.35 million
Cash Flow
$3.62 per share
Book Value
$19.41 per share

Miscellaneous

Free Float
19,763,000
Market Cap
$619.48 million
Optionable
Optionable
Beta
1.01
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Key Executives


IBCP Stock Analysis - Frequently Asked Questions

How have IBCP shares performed this year?

Independent Bank's stock was trading at $26.02 at the beginning of the year. Since then, IBCP stock has increased by 13.9% and is now trading at $29.64.
View the best growth stocks for 2024 here
.

How were Independent Bank's earnings last quarter?

Independent Bank Co. (NASDAQ:IBCP) announced its quarterly earnings results on Thursday, April, 25th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.11. The financial services provider earned $52.76 million during the quarter, compared to analyst estimates of $51.50 million. Independent Bank had a trailing twelve-month return on equity of 16.55% and a net margin of 20.45%.

What is William "Brad" Kessel's approval rating as Independent Bank's CEO?

15 employees have rated Independent Bank Chief Executive Officer William "Brad" Kessel on Glassdoor.com. William "Brad" Kessel has an approval rating of 95% among the company's employees. This puts William "Brad" Kessel in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are Independent Bank's major shareholders?

Top institutional investors of Independent Bank include SG Americas Securities LLC (0.05%) and CWM LLC (0.02%). Insiders that own company stock include Stefanie M Kimball, Terance L Beia, Gavin A Mohr, Dennis W Archer 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.
Compare Top Brokerages Here.

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 Endologix (ELGX), Chipotle Mexican Grill (CMG), Pfizer (PFE), Aegean Marine Petroleum Network (ANW), Occidental Petroleum (OXY) and Pentair (PNR).

This page (NASDAQ:IBCP) was last updated on 7/15/2024 by MarketBeat.com Staff

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