Independent Bank (IBCP) Stock Price, News & Analysis

Company Overview

Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company whose principal subsidiary, Independent Bank, provides banking and financial services to individuals, families, businesses and institutions. The company operates as a community bank, emphasizing local decision-making and relationship-based service.

Independent Bank’s offerings include checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, home equity financing, commercial real estate loans and business lending. The bank also provides treasury management, online and mobile banking, cash-management services and other financial solutions for commercial customers.

Founded in 1864, Independent Bank serves communities primarily across Michigan’s Lower Peninsula through a network of banking offices and digital channels. Its activities are focused on traditional deposit-taking and lending, supported by services designed to meet the personal and financial needs of small businesses and local communities.

Key Stats

• Today's Range: $35.24 to $35.71
• 50-Day Range: $35.62 to $38.67
• 52-Week Range: $29.83 to $39.24
• Volume: 137,395 shs
• Average Volume: 175,753 shs
• Market Capitalization: $783.66 million
• P/E Ratio: 10.26
• Dividend Yield: 3.17%
• Price Target: $39.50
• Consensus Rating: Hold

Independent Bank Stock Analysis - MarketRank™

Independent Bank scored higher than 80% of companies evaluated by MarketBeat, and ranked 290th out of 835 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: Hold

Consensus Rating

Independent Bank has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on no strong buy ratings, 2 buy ratings, 3 hold ratings, and no sell ratings.

Upside Potential

Independent Bank has a consensus price target of $39.50, representing about 11.3% upside from its current price of $35.50.

Amount of Analyst Coverage

Independent Bank has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.80%

Earnings Growth

Earnings for Independent Bank are expected to grow by 7.80% in the coming year, from $3.59 to $3.87 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Independent Bank is 10.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 39.04.

Price to Earnings Ratio vs. Sector

The P/E ratio of Independent Bank is 10.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 25.24.

Price to Book Value per Share Ratio

Independent Bank has a P/B Ratio of 1.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.33% 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 4.02.

Change versus previous month

Short interest in Independent Bank has recently increased by 10.35%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Independent Bank pays a meaningful dividend of 3.12%, 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 28.94% next year. This indicates that Independent Bank will be able to sustain or increase its dividend.

News and Social Media

• Score: 1.4 / 5
• News Sentiment: N/A

News Sentiment

Independent Bank has a news sentiment score of 0.29. 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 0.64 average news sentiment score of Finance companies.

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: 9/23/2026
• 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: +11.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.44
• Trailing P/E Ratio: 10.26
• Forward P/E Ratio: 9.83
• 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: $3.73 per share
• Price / Cash Flow: 9.47
• Book Value: $24.31 per share
• Price / Book: 1.45

Miscellaneous

• Outstanding Shares: 22,200,000
• Free Float: 20,887,000
• Market Cap: $783.66 million
• Optionable: Optionable
• Beta: 0.70