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

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

Independent Bank Co.(MI) announced 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 3.46%. The ex-dividend date is Monday, August 5th. View Independent Bank Co.(MI)'s Dividend History.

Independent Bank Co.(MI) declared that its board has authorized a stock repurchase program on Wednesday, January 31st 2018, which authorizes the company to repurchase 500% of shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its shares are undervalued.

Independent Bank Co.(MI) (NASDAQ:IBCP) issued its quarterly earnings results on Thursday, July, 25th. The financial services provider reported $0.46 EPS 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 analysts' expectations of $42.62 million. Independent Bank Co.(MI) had a return on equity of 12.35% and a net margin of 22.60%. View Independent Bank Co.(MI)'s Earnings History.

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).

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.

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).

News stories about IBCP stock have been trending negative on Monday, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Independent Bank Co.(MI) earned a news sentiment score of -2.4 on InfoTrie's scale. They also gave news headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Independent Bank Co.(MI).

Independent Bank Co.(MI) saw a increase in short interest in 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 daily volume of 93,700 shares, the short-interest ratio is presently 4.5 days. Approximately 2.0% of the company's shares are sold short. View Independent Bank Co.(MI)'s Current Options Chain.

Some companies that are related to Independent Bank Co.(MI) include Great Western Bancorp (GWB), Banner (BANR), Pacific Premier Bancorp (PPBI), ServisFirst Bancshares (SFBS), Heartland Financial USA (HTLF), Eagle Bancorp (EGBN), First Busey (BUSE), Seacoast Banking Co. of Florida (SBCF), Veritex (VBTX), S & T Bancorp (STBA), 1st Source (SRCE), OFG Bancorp (OFG), FB Financial (FBK), Southside Bancshares (SBSI) and Lakeland Financial (LKFN).

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).

Independent Bank Co.(MI)'s stock is owned by many different of retail and institutional investors. Top institutional shareholders include 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).

IBCP stock was purchased by a variety of institutional investors in the last quarter, including Gyroscope Capital Management Group LLC. 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).

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.

One share of IBCP stock can currently be purchased for approximately $20.78.

Independent Bank Co.(MI) has a market capitalization of $487.77 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).

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

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]