NASDAQ:IBCP

Independent Bank Stock Forecast, Price & News

$20.83
+0.38 (+1.86 %)
(As of 07/28/2021 12:00 AM ET)
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Today's Range
$20.26
$21.06
50-Day Range
$19.71
$23.56
52-Week Range
$12.14
$24.73
Volume84,365 shs
Average Volume106,413 shs
Market Capitalization$453.78 million
P/E Ratio6.26
Dividend Yield4.11%
Beta1.14
30 days | 90 days | 365 days | Advanced Chart
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Independent Bank logo

About Independent Bank

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses. 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 machine, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 59 branches, two drive-thru facilities, and nine loan production offices in Michigan; and two loan production offices in Ohio. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

2.08 out of 5 stars

Finance Sector

432nd out of 2,033 stocks

State Commercial Banks Industry

91st out of 315 stocks

Analyst Opinion: 1.3Community Rank: 2.9Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Independent Bank (NASDAQ:IBCP) Frequently Asked Questions

Is Independent Bank a buy right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Independent Bank stock.
View analyst ratings for Independent Bank
or view top-rated stocks.

What stocks does MarketBeat like better than Independent Bank?

Wall Street analysts have given Independent Bank a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Independent Bank wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Independent Bank?

Independent Bank saw a increase in short interest in July. As of July 15th, there was short interest totaling 451,500 shares, an increase of 25.0% from the June 30th total of 361,300 shares. Based on an average daily trading volume, of 108,800 shares, the short-interest ratio is presently 4.1 days. Currently, 2.2% of the shares of the stock are sold short.
View Independent Bank's Short Interest
.

When is Independent Bank's next earnings date?

Independent Bank is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for Independent Bank
.

How can I listen to Independent Bank's earnings call?

Independent Bank will be holding an earnings conference call on Thursday, July 29th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-344-7529 with passcode "10158604".

How were Independent Bank's earnings last quarter?

Independent Bank Co. (NASDAQ:IBCP) issued its earnings results on Monday, April, 26th. The financial services provider reported $1.00 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.57 by $0.43. The financial services provider had revenue of $56.69 million for the quarter, compared to analysts' expectations of $46.55 million. Independent Bank had a net margin of 31.51% and a trailing twelve-month return on equity of 19.50%.
View Independent Bank's earnings history
.

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

Independent Bank's stock was trading at $16.08 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, IBCP stock has increased by 29.5% and is now trading at $20.83.
View which stocks have been most impacted by COVID-19
.

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

Independent Bank announced a quarterly dividend on Tuesday, July 27th. Shareholders of record on Friday, August 6th will be paid a dividend of $0.21 per share on Monday, August 16th. This represents a $0.84 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Thursday, August 5th.
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 4.11%. IBCP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Independent Bank does not yet have a strong track record of dividend growth. The dividend payout ratio of Independent Bank is 33.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Independent Bank will have a dividend payout ratio of 42.21% next year. This indicates that Independent Bank will be able to sustain or increase its dividend.
View Independent Bank's dividend history.

What price target have analysts set for IBCP?

2 equities research analysts have issued 12 month price objectives for Independent Bank's shares. Their forecasts range from $15.00 to $15.00. On average, they expect Independent Bank's stock price to reach $15.00 in the next twelve months. This suggests that the stock has a possible downside of 28.0%.
View analysts' price targets for Independent Bank
or view top-rated stocks among Wall Street analysts.

Who are Independent Bank's key executives?

Independent Bank's management team includes the following people:
  • Mr. William Bradford Kessel CPA, Pres, CEO & Director (Age 57, Pay $1.04M)
  • Mr. Gavin A. Mohr, CFO, Exec. VP, Treasurer & Corp. Sec. (Age 37, Pay $168.5k)
  • Ms. Stefanie M. Kimball, Exec. VP & Chief Risk Officer (Age 61, Pay $518.58k)
  • Mr. Patrick J. Ervin, Exec. VP of Mortgage Banking (Age 55, Pay $488.57k)
  • Mr. Larry Russ Daniel Jr., Exec. VP of Operations & Digital Banking (Age 57)
  • Mr. Peter R. Graves, Chief Information Officer & Sr. VP of Commercial Loans (Age 64)
  • Ms. Laurinda M. Neve, Sr. VP of HR (Age 69)
  • Mr. David C. Reglin, Exec. VP of Retail Banking (Age 62)
  • Mr. Charles F. Schadler, Sr. VP of Corp. Auditor (Age 72)
  • Mr. James J. Twarozynski, Sr. VP & Controller (Age 56)

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.

Who are some of Independent Bank's key competitors?

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."

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 $20.83.

How much money does Independent Bank make?

Independent Bank has a market capitalization of $453.78 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 $2.53 on an earnings per share basis.

How many employees does Independent Bank have?

Independent Bank employs 854 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 or via email at [email protected]


This page was last updated on 7/29/2021 by MarketBeat.com Staff
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