S&P 500   4,577.10
DOW   34,639.79
QQQ   389.91
S&P 500   4,577.10
DOW   34,639.79
QQQ   389.91
S&P 500   4,577.10
DOW   34,639.79
QQQ   389.91
S&P 500   4,577.10
DOW   34,639.79
QQQ   389.91
NASDAQ:IBCP

Independent Bank Stock Forecast, Price & News

$23.30
+0.60 (+2.64%)
(As of 12/2/2021 12:00 AM ET)
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Compare
Today's Range
$22.72
$23.59
50-Day Range
$19.91
$24.43
52-Week Range
$17.44
$24.73
Volume
67,589 shs
Average Volume
97,005 shs
Market Capitalization
$495.75 million
P/E Ratio
7.61
Dividend Yield
3.70%
Beta
1.09
30 days | 90 days | 365 days | Advanced Chart
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Independent Bank logo

About Independent Bank

Independent Bank Corp. operates as a bank holding company, which engages in the provision of financial services. It offers commercial banking, mortgage lending, investments, and title services. The company was founded in 1864 and is headquartered in Ionia, MI.

Headlines

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Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:IBCP
Employees
919
Year Founded
N/A

Sales & Book Value

Annual Sales
$220.57 million
Cash Flow
$3.07 per share
Book Value
$17.80 per share

Profitability

Net Income
$56.15 million
Pretax Margin
37.59%

Debt

Price-To-Earnings

Miscellaneous

Free Float
20,222,000
Market Cap
$495.75 million
Optionable
Optionable

Company Calendar

Last Earnings
10/25/2021
Ex-Dividend
11/04/2021
Dividend Payable
11/15/2021
Today
12/03/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
1/27/2022

MarketRank

Overall MarketRank

2.36 out of 5 stars

Finance Sector

410th out of 1,340 stocks

State Commercial Banks Industry

80th out of 233 stocks

Analyst Opinion: 0.0Community Rank: 3.9Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -












Independent Bank (NASDAQ:IBCP) Frequently Asked Questions

Is Independent Bank a buy right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Independent Bank stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IBCP, but not buy additional shares or sell existing shares.
View analyst ratings for Independent Bank
or view top-rated stocks.

How has Independent Bank's stock price been impacted by COVID-19 (Coronavirus)?

Independent Bank's stock was trading at $16.08 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, IBCP shares have increased by 44.9% and is now trading at $23.30.
View which stocks have been most impacted by COVID-19
.

When is Independent Bank's next earnings date?

Independent Bank is scheduled to release its next quarterly earnings announcement on Thursday, January 27th 2022.
View our earnings forecast for Independent Bank
.

How were Independent Bank's earnings last quarter?

Independent Bank Co. (NASDAQ:IBCP) released its quarterly earnings data on Monday, October, 25th. The financial services provider reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.11. The financial services provider had revenue of $53.50 million for the quarter, compared to the consensus estimate of $47.57 million. Independent Bank had a net margin of 30.55% and a trailing twelve-month return on equity of 17.13%. During the same period in the prior year, the company earned $0.89 EPS.
View Independent Bank's earnings history
.

How often does Independent Bank pay dividends? What is the dividend yield for Independent Bank?

Independent Bank announced a quarterly dividend on Tuesday, October 19th. Investors of record on Friday, November 5th will be paid a dividend of $0.21 per share on Monday, November 15th. This represents a $0.84 annualized dividend and a yield of 3.61%. The ex-dividend date is Thursday, November 4th.
View Independent Bank's dividend history
.

Is Independent Bank a good dividend stock?

Independent Bank pays an annual dividend of $0.84 per share and currently has a dividend yield of 3.70%. Independent Bank has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Independent Bank is 27.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Independent Bank will have a dividend payout ratio of 40.00% next year. This indicates that Independent Bank will be able to sustain or increase its dividend.
View Independent Bank's dividend history.

Who are Independent Bank's key executives?

Independent Bank's management team includes the following people:
  • William Bradford Kessel, President, Chief Executive Officer & Director
  • Larry R. Daniel, Executive VP-Operations & Digital Banking
  • Gavin A. Mohr, Chief Financial Officer, Secretary & Treasurer
  • Peter R. Graves, Chief Information Officer & Senior Vice President
  • Stefanie M. Kimball, Chief Risk Officer & Executive Vice President (LinkedIn Profile)

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

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

What other stocks do shareholders of Independent Bank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Independent Bank investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), (APA), Pfizer (PFE), Aegean Marine Petroleum Network (ANW), Occidental Petroleum (OXY), Pentair (PNR), Citigroup (C), NextEra Energy Partners (NEP) and (PRMW).

What is Independent Bank's stock symbol?

Independent Bank trades on the NASDAQ under the ticker symbol "IBCP."

Who are Independent Bank's major shareholders?

Independent Bank's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.31%), FJ Capital Management LLC (7.05%), LSV Asset Management (3.74%), Renaissance Technologies LLC (3.55%), Dimensional Fund Advisors LP (2.95%) and The Manufacturers Life Insurance Company (2.27%). Company insiders that own Independent Bank stock include Christina Keller, Dennis W Archer Jr, James J Twarozynski, Matthew J Missad, Michael M Magee Jr, Patrick J Ervin, Ronia F Kruse, Stefanie M Kimball, Stefanie M Kimball and William B Kessel.
View institutional ownership trends for Independent Bank
.

Which major investors are selling Independent Bank stock?

IBCP stock was sold by a variety of institutional investors in the last quarter, including Maltese Capital Management LLC, Russell Investments Group Ltd., Morgan Stanley, Principal Financial Group Inc., Invesco Ltd., Connor Clark & Lunn Investment Management Ltd., Renaissance Technologies LLC, and Deprince Race & Zollo Inc.. Company insiders that have sold Independent Bank company stock in the last year include James J Twarozynski, Michael M Magee Jr, and Stefanie M Kimball.
View insider buying and selling activity for Independent Bank
or view top insider-selling stocks.

Which major investors are buying Independent Bank stock?

IBCP stock was purchased by a variety of institutional investors in the last quarter, including Hotchkis & Wiley Capital Management LLC, Seizert Capital Partners LLC, BlackRock Inc., Thrivent Financial for Lutherans, Foundry Partners LLC, The Manufacturers Life Insurance Company , Citadel Advisors LLC, and Barclays PLC. Company insiders that have bought Independent Bank stock in the last two years include Christina Keller, Dennis W Archer Jr, Matthew J Missad, Patrick J Ervin, Ronia F Kruse, and William B Kessel.
View insider buying and selling activity for Independent Bank
or or view top insider-buying stocks.

How do I buy shares of Independent Bank?

Shares of IBCP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Independent Bank's stock price today?

One share of IBCP stock can currently be purchased for approximately $23.30.

How much money does Independent Bank make?

Independent Bank has a market capitalization of $495.75 million and generates $220.57 million in revenue each year. The financial services provider earns $56.15 million in net income (profit) each year or $3.06 on an earnings per share basis.

How many employees does Independent Bank have?

Independent Bank employs 919 workers across the globe.

What is Independent Bank's official website?

The official website for Independent Bank is www.independentbank.com.

Where are Independent Bank's headquarters?

Independent Bank is headquartered at 4200 E BELTLINE, GRAND RAPIDS MI, 49525.

How can I contact Independent Bank?

Independent Bank's mailing address is 4200 E BELTLINE, GRAND RAPIDS MI, 49525. The financial services provider can be reached via phone at (616) 527-5820, via email at [email protected], or via fax at 616-527-4004.


This page was last updated on 12/3/2021 by MarketBeat.com Staff

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