Independent Bank Corp. Company Profile (NASDAQ:IBCP)

About Independent Bank Corp.

Independent Bank Corp. logoIndependent Bank Corporation is a bank holding company. The Company owns all of the outstanding stock of Independent Bank (the Bank). The Bank is engaged in providing commercial banking. The Bank offers a range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending and safe deposit box services. The Company's principal markets are the rural and suburban communities across Lower Michigan, which are served by the Bank's main office in Grand Rapids, Michigan, and a total of approximately 60 branches, over one drive-in facility and approximately eight loan production offices. The Bank's branches provide lobby and drive-in services, as well as automatic teller machines (ATMs). In addition to general banking services, its Bank also offers title insurance services and investment services.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Midwest Banks
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: IBCP
  • CUSIP:
Key Metrics:
  • Previous Close: $16.14
  • 50 Day Moving Average: $15.47
  • 200 Day Moving Average: $14.89
  • Trailing P/E Ratio: 17.15
  • Foreward P/E Ratio: 14.81
  • P/E Growth: 3.18
  • Market Cap: $343.60M
  • Outstanding Shares: 21,223,000
  • Beta: 0.32
Additional Links:
Companies Related to Independent Bank Corp.:

Analyst Ratings

Consensus Ratings for Independent Bank Corp. (NASDAQ:IBCP) (?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: N/A

Analysts' Ratings History for Independent Bank Corp. (NASDAQ:IBCP)
Show:
DateFirmActionRatingPrice TargetDetails
5/4/2016Boenning ScattergoodInitiated CoverageNeutralView Rating Details
8/11/2015FIG PartnersDowngradeOutperform -> Market PerformView Rating Details
7/28/2015Keefe, Bruyette & WoodsBoost Price TargetMarket Perform$13.00 -> $14.00View Rating Details
9/5/2014Sandler O'NeillInitiated CoverageBuy$14.00View Rating Details
(Data available from 8/25/2014 forward)

Earnings

Earnings History for Independent Bank Corp. (NASDAQ:IBCP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/27/2016        
7/28/2016Q216$0.25$0.30$24.60 millionViewListenView Earnings Details
4/25/2016Q1$0.20$0.19ViewListenView Earnings Details
1/25/2016Q4$0.22$0.25ViewListenView Earnings Details
10/29/2015Q315$0.23$0.22$19.27 millionViewListenView Earnings Details
7/27/2015Q115$0.20$0.24$18.50 millionViewListenView Earnings Details
4/20/2015Q414$0.15$0.16$17.90 millionViewN/AView Earnings Details
1/23/2015Q314$0.18$0.17$18.20 millionViewN/AView Earnings Details
10/27/2014Q3$0.21$0.21ViewListenView Earnings Details
7/28/2014Q214$0.18$0.26$28.70 millionViewN/AView Earnings Details
4/21/2014Q114$0.16$0.13$28.90 millionViewN/AView Earnings Details
1/30/2014Q413$0.26$0.21$31.91 millionViewN/AView Earnings Details
10/30/2013$0.26$0.17ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Independent Bank Corp. (NASDAQ:IBCP)
Current Year EPS Consensus Estimate: $1 EPS
Next Year EPS Consensus Estimate: $1.09 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.21$0.22$0.22
Q2 20163$0.23$0.27$0.25
Q3 20162$0.25$0.27$0.26
Q4 20162$0.25$0.27$0.26
Q1 20171$0.27$0.27$0.27
Q2 20171$0.27$0.27$0.27
Q3 20171$0.28$0.28$0.28
Q4 20171$0.28$0.28$0.28
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Independent Bank Corp. (NASDAQ:IBCP)
Annual Dividend:$0.32
Dividend Yield:1.98%
Payout Ratio:33.33% (Based on Trailing 12 Months of Earnings)
32.00% (Based on Current Year Consensus EPS Estimate)
29.36% (Based on Next Year Consensus EPS Estimate)

Dividend History for Independent Bank Corp. (NASDAQ:IBCP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/26/2016quarterly$0.088/4/20168/8/20168/15/2016
4/26/2016quarterly$0.085/4/20165/6/20165/16/2016
1/22/2016quarterly$0.082/3/20162/5/20162/16/2016
10/29/2015quarterly$0.0811/5/201511/9/201511/16/2015
7/27/2015quarterly$0.068/5/20158/7/20158/17/2015
4/22/2015quarterly$0.061.83%5/1/20155/5/20155/15/2015
1/21/2015quarterly$0.061.9%2/4/20152/6/20152/17/2015
10/28/2014quarterly$0.061.98%11/5/201411/7/201411/17/2014
7/22/2014quarterly$0.061.94%8/1/20148/5/20148/15/2014
4/16/2014quarterly$0.064/28/20144/30/20145/15/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Independent Bank Corp. (NASDAQ:IBCP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/31/2016Stefanie M KimballEVPSell3,000$14.85$44,550.00View SEC Filing  
5/25/2016James J TwarozynskiSVPSell1,000$15.03$15,030.00View SEC Filing  
3/15/2016William B KesselCEOSell1,500$14.63$21,945.00View SEC Filing  
11/20/2015Dennis J. MackEVPSell4,200$15.05$63,210.00View SEC Filing  
9/29/2015Mark L. CollinsEVPSell3,153$14.89$46,948.17View SEC Filing  
9/25/2015Joan A. BuddenDirectorBuy5,065$14.85$75,215.25View SEC Filing  
9/25/2015Mark L. CollinsEVPSell2,047$14.87$30,438.89View SEC Filing  
9/24/2015David C. ReglinEVPSell3,877$14.61$56,642.97View SEC Filing  
9/16/2015William B. KesselCEOSell5,000$14.15$70,750.00View SEC Filing  
9/10/2015Robert N. ShusterEVPSell4,200$14.11$59,262.00View SEC Filing  
9/9/2015Stefanie M. KimballEVPSell3,000$14.14$42,420.00View SEC Filing  
6/18/2014Michael M Magee JrChairmanSell24,864$12.91$320,994.24View SEC Filing  
6/17/2014Michael M Magee JrChairmanSell9,113$12.86$117,193.18View SEC Filing  
6/16/2014Michael M Magee JrChairmanSell3,523$12.90$45,446.70View SEC Filing  
6/13/2014Michael M Magee JrChairmanSell7,500$12.87$96,525.00View SEC Filing  
6/12/2014Michael M Magee JrChairmanSell25,000$12.88$322,000.00View SEC Filing  
5/29/2014Stephen L Gulis JrDirectorSell7,167$12.90$92,454.30View SEC Filing  
5/23/2014Stephen L Gulis JrDirectorSell1,822$12.90$23,503.80View SEC Filing  
5/21/2014Stephen L Gulis JrDirectorSell6,352$12.90$81,940.80View SEC Filing  
5/5/2014Stefanie M KimballEVPSell1,500$12.65$18,975.00View SEC Filing  
8/28/2013David C ReglinEVPBuy3,225$7.75$24,993.75View SEC Filing  
8/28/2013Dennis J MackSVPBuy1,000$7.75$7,750.00View SEC Filing  
8/28/2013Loan Charles C VanDirectorBuy3,000$7.75$23,250.00View SEC Filing  
8/28/2013Michael M Magee JrChairmanBuy1,290$7.75$9,997.50View SEC Filing  
5/29/2013Stephen L Gulis JrDirectorSell1,018$6.30$6,413.40View SEC Filing  
11/2/2012William J BoerDirectorBuy11,500$3.45$39,675.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Independent Bank Corp. (NASDAQ:IBCP)
DateHeadline
capitalcube.com logoIndependent Bank Corp. (Michigan) :IBCP-US: Earnings Analysis: Q2, 2016 By the Numbers : August 5, 2016 (NASDAQ:IBCP)
www.capitalcube.com - August 5 at 5:40 PM
finance.yahoo.com logoEdited Transcript of IBCP earnings conference call or presentation 28-Jul-16 3:00pm GMT (NASDAQ:IBCP)
finance.yahoo.com - July 29 at 10:58 AM
publicnow.com logoIndependent Bank Corporation Reports 2016 Second Quarter Results (NASDAQ:IBCP)
www.publicnow.com - July 28 at 8:28 AM
seekingalpha.com logoIndependent Bank Corporation Is Still Looking For An Earnings Driver (NASDAQ:IBCP)
seekingalpha.com - July 20 at 8:30 AM
thestreet.com logoHail! Hail! to Michigan Banks (NASDAQ:IBCP)
realmoney.thestreet.com - July 19 at 11:00 AM
capitalcube.com logoIndependent Bank Corp. (Michigan) breached its 50 day moving average in a Bullish Manner : IBCP-US : July 12, 2016 (NASDAQ:IBCP)
www.capitalcube.com - July 12 at 8:27 AM
publicnow.com logoIndependent Bank Corp.’s Second Quarter Earnings Press Release and Conference Call Announcement (NASDAQ:IBCP)
www.publicnow.com - July 11 at 4:33 PM
biz.yahoo.com logoINDEPENDENT BANK CORP /MI/ Files SEC form 8-K, Other Events (NASDAQ:IBCP)
biz.yahoo.com - June 30 at 4:11 PM
publicnow.com logoIndependent Bank Corporation Announces Date for Its Second Quarter 2016 Earnings Release (NASDAQ:IBCP)
www.publicnow.com - June 28 at 3:01 PM
investopedia.com logoIndependent Bank Trades Ex-Dividend Thursday (INDB) (NASDAQ:IBCP)
www.investopedia.com - June 23 at 4:31 PM
capitalcube.com logoIndependent Bank Corp. (Michigan) breached its 50 day moving average in a Bearish Manner : IBCP-US : June 14, 2016 (NASDAQ:IBCP)
www.capitalcube.com - June 14 at 8:32 AM
capitalcube.com logoIndependent Bank Corp. (Michigan) breached its 50 day moving average in a Bearish Manner : IBCP-US : May 9, 2016 (NASDAQ:IBCP)
www.capitalcube.com - May 9 at 8:40 AM
capitalcube.com logoETF’s with exposure to Independent Bank Corp. (Michigan) : April 28, 2016 (NASDAQ:IBCP)
www.capitalcube.com - April 28 at 1:25 PM
biz.yahoo.com logoINDEPENDENT BANK CORP /MI/ Files SEC form 8-K, Submission of Matters to a Vote of Security Holders (NASDAQ:IBCP)
biz.yahoo.com - April 28 at 9:46 AM
capitalcube.com logoIndependent Bank Corp. (Michigan) breached its 50 day moving average in a Bullish Manner : IBCP-US : April 27, 2016 (NASDAQ:IBCP)
www.capitalcube.com - April 27 at 8:15 AM
publicnow.com logoIndependent Bank Corporation Announces Cash Dividend on Its Common Stock and Expanded Share Repurchase Plan (NASDAQ:IBCP)
www.publicnow.com - April 26 at 2:42 PM
finance.yahoo.com logo2:29 pm Independent Bank announces $5 mln expansion of 2016 share repurchase plan (NASDAQ:IBCP)
finance.yahoo.com - April 26 at 2:29 PM
seekingalpha.com logoIndependent Bank's (IBCP) CEO Brad Kessel on Q1 2016 Results - Earnings Call Transcript (NASDAQ:IBCP)
seekingalpha.com - April 26 at 11:10 AM
biz.yahoo.com logoINDEPENDENT BANK CORP /MI/ Files SEC form 8-K, Regulation FD Disclosure (NASDAQ:IBCP)
biz.yahoo.com - April 26 at 10:14 AM
finance.yahoo.com logoEdited Transcript of IBCP earnings conference call or presentation 25-Apr-16 3:00pm GMT (NASDAQ:IBCP)
finance.yahoo.com - April 25 at 2:31 PM
insidermonkey.com logoWhy Apple, Credit Suisse, Philips, Cabot Oil & Gas, and Independent Bank Are Down Today (NASDAQ:IBCP)
www.insidermonkey.com - April 25 at 2:12 PM
sg.finance.yahoo.com logoIndependent Bank posts 1Q profit (NASDAQ:IBCP)
sg.finance.yahoo.com - April 25 at 8:13 AM
finance.yahoo.com logoIndependent Bank Corporation Reports 2016 First Quarter Results (NASDAQ:IBCP)
finance.yahoo.com - April 25 at 8:00 AM
biz.yahoo.com logoQ1 2016 Independent Bank Corp Earnings Release - Before Market Open (NASDAQ:IBCP)
biz.yahoo.com - April 25 at 7:07 AM
sg.finance.yahoo.com logoIndependent Bank Corp. posts 1Q profit (NASDAQ:IBCP)
sg.finance.yahoo.com - April 21 at 4:43 PM
publicnow.com logoIndependent Bank Corp. Reports First Quarter Operating Net Income of $19.1 Million (NASDAQ:IBCP)
www.publicnow.com - April 21 at 4:21 PM
publicnow.com logoIndependent Bank Corp.’s First Quarter Earnings Press Release and Conference Call Announcement (NASDAQ:IBCP)
www.publicnow.com - April 12 at 4:16 PM
capitalcube.com logoIndependent Bank Corp. (Michigan) breached its 50 day moving average in a Bullish Manner : IBCP-US : April 4, 2016 (NASDAQ:IBCP)
www.capitalcube.com - April 4 at 8:07 AM
capitalcube.com logoIndependent Bank Corp. (Michigan) breached its 50 day moving average in a Bearish Manner : IBCP-US : March 23, 2016 (NASDAQ:IBCP)
www.capitalcube.com - March 23 at 9:05 AM
4-traders.com logoIndependent Bank MI : Corporation : Announces Date for Its First Quarter 2016 Earnings Release (NASDAQ:IBCP)
www.4-traders.com - March 15 at 12:36 PM
capitalcube.com logoIndependent Bank Corp. (Michigan) breached its 50 day moving average in a Bearish Manner : IBCP-US : March 11, 2016 (NASDAQ:IBCP)
www.capitalcube.com - March 11 at 8:11 AM
biz.yahoo.com logoINDEPENDENT BANK CORP /MI/ Files SEC form 10-K, Annual Report (NASDAQ:IBCP)
biz.yahoo.com - March 7 at 5:17 PM
News IconFour promoted at FNB & Trust (NASDAQ:IBCP)
www.ironmountaindailynews.com - February 18 at 1:24 PM
News IconWest Michigan banking roundup: Q4 and year end 2015 (NASDAQ:IBCP)
mibiz.com - February 3 at 11:45 AM
capitalcube.com logoIndependent Bank Corp. (Michigan) breached its 50 day moving average in a Bullish Manner : January 28, 2016 (NASDAQ:IBCP)
www.capitalcube.com - January 28 at 8:05 AM
capitalcube.com logoIndependent Bank Corp. (Michigan) Earnings Analysis: Q4, 2015 By the Numbers (NASDAQ:IBCP)
www.capitalcube.com - January 27 at 11:54 AM
seekingalpha.com logoIndependent Bank's (IBCP) CEO Brad Kessel on Q4 2015 Results - Earnings Call Transcript (NASDAQ:IBCP)
seekingalpha.com - January 25 at 6:18 PM
finance.yahoo.com logoEarnings Recap For January 25 (NASDAQ:IBCP)
finance.yahoo.com - January 25 at 4:41 PM
finance.yahoo.com logoEdited Transcript of IBCP earnings conference call or presentation 25-Jan-16 4:00pm GMT (NASDAQ:IBCP)
finance.yahoo.com - January 25 at 12:14 PM
publicnow.com logoIndependent Bank Corporation Reports 2015 Fourth Quarter and Full Year Results and 2016 Share Repurchase Authorization (NASDAQ:IBCP)
www.publicnow.com - January 25 at 8:27 AM
sg.finance.yahoo.com logoIndependent Bank posts 4Q profit (NASDAQ:IBCP)
sg.finance.yahoo.com - January 25 at 8:21 AM
biz.yahoo.com logoINDEPENDENT BANK CORP /MI/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an (NASDAQ:IBCP)
biz.yahoo.com - January 25 at 8:14 AM
finance.yahoo.com logoIndependent Bank Corp. (INDB) in Focus: Stock Jumps 7.2% (NASDAQ:IBCP)
finance.yahoo.com - January 25 at 8:05 AM
biz.yahoo.com logoQ4 2015 Independent Bank Corp Earnings Release - 08:00 am ET (NASDAQ:IBCP)
biz.yahoo.com - January 25 at 7:07 AM
noodls.com logoIndependent Bank Corporation Announces Cash Dividend on Its Common Stock (NASDAQ:IBCP)
www.noodls.com - January 22 at 10:03 AM
sg.finance.yahoo.com logoIndependent Bank Corp. posts 4Q profit (NASDAQ:IBCP)
sg.finance.yahoo.com - January 21 at 4:59 PM
noodls.com logoIndependent Bank Corp. Reports Fourth Quarter Operating Net Income of $19.5 Million (NASDAQ:IBCP)
www.noodls.com - January 21 at 4:29 PM
capitalcube.com logoIndependent Bank Corp. (Michigan) breached its 50 day moving average in a Bearish Manner : December 9, 2015 (NASDAQ:IBCP)
www.capitalcube.com - December 9 at 8:43 AM
finance.yahoo.com logoINDEPENDENT BANK CORP /MI/ Financials (NASDAQ:IBCP)
finance.yahoo.com - December 8 at 1:17 PM
insidermonkey.com logoWhat Do Hedge Funds Think of Independent Bank Group Inc (IBTX)? (NASDAQ:IBCP)
www.insidermonkey.com - November 28 at 6:37 AM

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Independent Bank Corp. (NASDAQ:IBCP) Chart for Thursday, August, 25, 2016


Last Updated on 8/25/2016 by MarketBeat.com Staff