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Independent Bank Co.(MI) Stock Price, News & Analysis (NASDAQ:IBCP)

$21.27
+0.03 (+0.14 %)
(As of 10/18/2019 04:00 PM ET)
Today's Range
$21.14
Now: $21.27
$21.34
50-Day Range
$19.00
MA: $20.73
$22.02
52-Week Range
$18.94
Now: $21.27
$24.20
Volume53,645 shs
Average Volume106,923 shs
Market Capitalization$499.21 million
P/E Ratio12.66
Dividend Yield3.39%
Beta0.5
Independent Bank Corporation operates as the holding company for Independent Bank that provides various banking services to individuals and businesses in Michigan. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machines, and Internet and mobile banking services. Read More…

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:IBCP
CUSIPN/A
Phone616-527-5820

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$175.59 million
Cash Flow$1.91 per share
Book Value$14.06 per share

Profitability

Net Income$39.84 million

Miscellaneous

Employees830
Market Cap$499.21 million
Next Earnings Date10/24/2019 (Confirmed)
OptionableOptionable

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Independent Bank Co.(MI) (NASDAQ:IBCP) Frequently Asked Questions

What is Independent Bank Co.(MI)'s stock symbol?

Independent Bank Co.(MI) trades on the NASDAQ under the ticker symbol "IBCP."

How often does Independent Bank Co.(MI) pay dividends? What is the dividend yield for Independent Bank Co.(MI)?

Independent Bank Co.(MI) declared a quarterly dividend on Tuesday, July 23rd. Stockholders of record on Tuesday, August 6th will be given a dividend of $0.18 per share on Thursday, August 15th. This represents a $0.72 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Monday, August 5th. View Independent Bank Co.(MI)'s Dividend History.

How will Independent Bank Co.(MI)'s stock buyback program work?

Independent Bank Co.(MI) announced that its Board of Directors has approved a stock repurchase program on Wednesday, January 31st 2018, which authorizes the company to repurchase 500% of outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

How were Independent Bank Co.(MI)'s earnings last quarter?

Independent Bank Co.(MI) (NASDAQ:IBCP) released its earnings results on Thursday, July, 25th. The financial services provider reported $0.46 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.48 by $0.02. The financial services provider had revenue of $40.66 million for the quarter, compared to analyst estimates of $42.62 million. Independent Bank Co.(MI) had a net margin of 22.60% and a return on equity of 12.35%. View Independent Bank Co.(MI)'s Earnings History.

When is Independent Bank Co.(MI)'s next earnings date?

Independent Bank Co.(MI) is scheduled to release their next quarterly earnings announcement on Thursday, October 24th 2019. View Earnings Estimates for Independent Bank Co.(MI).

How can I listen to Independent Bank Co.(MI)'s earnings call?

Independent Bank Co.(MI) will be holding an earnings conference call on Thursday, October 24th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What is the consensus analysts' recommendation for Independent Bank Co.(MI)?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank Co.(MI) in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Independent Bank Co.(MI).

Has Independent Bank Co.(MI) been receiving favorable news coverage?

News articles about IBCP stock have trended somewhat negative recently, InfoTrie reports. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Independent Bank Co.(MI) earned a news sentiment score of -1.5 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Independent Bank Co.(MI).

Are investors shorting Independent Bank Co.(MI)?

Independent Bank Co.(MI) saw a increase in short interest during the month of September. As of September 30th, there was short interest totalling 423,400 shares, an increase of 31.7% from the August 30th total of 321,600 shares. Based on an average trading volume of 93,700 shares, the days-to-cover ratio is presently 4.5 days. Approximately 2.0% of the shares of the company are sold short. View Independent Bank Co.(MI)'s Current Options Chain.

Who are some of Independent Bank Co.(MI)'s key competitors?

What other stocks do shareholders of Independent Bank Co.(MI) own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Independent Bank Co.(MI) investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Apache (APA), Barclays (BARC), American River Bankshares (AMRB), Micron Technology (MU), Cimarex Energy (XEC), First Busey (BUSE) and CA (CA).

Who are Independent Bank Co.(MI)'s key executives?

Independent Bank Co.(MI)'s management team includes the folowing people:
  • Mr. William Bradford Kessel CPA, Pres, CEO & Director (Age 55)
  • Mr. Robert N. Shuster CPA, CPA, Exec. VP, CFO & Corp. Sec. (Age 61)
  • Ms. Stefanie M. Kimball, Exec. VP & Chief Risk Officer (Age 59)
  • Mr. Patrick J. Ervin, Exec. VP of Mortgage Banking (Age 53)
  • Mr. Dennis James Mack, Exec. VP & Chief Lending Officer (Age 57)

Who are Independent Bank Co.(MI)'s major shareholders?

Independent Bank Co.(MI)'s stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.15%), Campbell & CO Investment Adviser LLC (0.12%), Meeder Asset Management Inc. (0.05%) and Gyroscope Capital Management Group LLC (0.04%). Company insiders that own Independent Bank Co.(MI) stock include David C Reglin, Dennis J Mack, James J Twarozynski, Larry R Daniel, Jr, Michael M Magee Jr, Patrick J Ervin, Robert N Shuster, Stefanie M Kimball, Terry L Haske and William B Kessel. View Institutional Ownership Trends for Independent Bank Co.(MI).

Which major investors are selling Independent Bank Co.(MI) stock?

IBCP stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A.. Company insiders that have sold Independent Bank Co.(MI) company stock in the last year include Larry R Daniel, Jr and Robert N Shuster. View Insider Buying and Selling for Independent Bank Co.(MI).

Which major investors are buying Independent Bank Co.(MI) stock?

IBCP stock was bought by a variety of institutional investors in the last quarter, including Campbell & CO Investment Adviser LLC, Gyroscope Capital Management Group LLC and Meeder Asset Management Inc.. Company insiders that have bought Independent Bank Co.(MI) stock in the last two years include Michael M Magee Jr and Patrick J Ervin. View Insider Buying and Selling for Independent Bank Co.(MI).

How do I buy shares of Independent Bank Co.(MI)?

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

What is Independent Bank Co.(MI)'s stock price today?

One share of IBCP stock can currently be purchased for approximately $21.27.

How big of a company is Independent Bank Co.(MI)?

Independent Bank Co.(MI) has a market capitalization of $499.21 million and generates $175.59 million in revenue each year. The financial services provider earns $39.84 million in net income (profit) each year or $1.68 on an earnings per share basis. Independent Bank Co.(MI) employs 830 workers across the globe.View Additional Information About Independent Bank Co.(MI).

What is Independent Bank Co.(MI)'s official website?

The official website for Independent Bank Co.(MI) is http://www.independentbank.com/.

How can I contact Independent Bank Co.(MI)?

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


MarketBeat Community Rating for Independent Bank Co.(MI) (NASDAQ IBCP)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  166 (Vote Outperform)
Underperform Votes:  264 (Vote Underperform)
Total Votes:  430
MarketBeat's community ratings are surveys of what our community members think about Independent Bank Co.(MI) and other stocks. Vote "Outperform" if you believe IBCP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe IBCP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/19/2019 by MarketBeat.com Staff

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