NASDAQ:IBCPIndependent Bank Co.(MI) Stock Price, Forecast & News

Independent Bank Co.(MI)'s stock was trading at $16.08 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, IBCP shares have decreased by 16.7% and is now trading at $13.40. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank Co.(MI) in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Independent Bank Co.(MI).

Independent Bank Co.(MI) is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for Independent Bank Co.(MI).

Independent Bank Co.(MI) will be holding an earnings conference call on Tuesday, July 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Independent Bank Co.(MI) (NASDAQ:IBCP) issued its quarterly earnings results on Thursday, April, 30th. The financial services provider reported $0.21 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.37 by $0.16. The financial services provider had revenue of $41.20 million for the quarter, compared to the consensus estimate of $43.01 million. Independent Bank Co.(MI) had a net margin of 21.29% and a return on equity of 12.34%. View Independent Bank Co.(MI)'s earnings history.

Independent Bank Co.(MI) announced a quarterly dividend on Tuesday, April 21st. Stockholders of record on Tuesday, May 5th will be given a dividend of $0.20 per share on Friday, May 15th. This represents a $0.80 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date of this dividend is Monday, May 4th. View Independent Bank Co.(MI)'s dividend history.

5 equities research analysts have issued twelve-month price targets for Independent Bank Co.(MI)'s shares. Their forecasts range from $24.00 to $24.00. On average, they expect Independent Bank Co.(MI)'s stock price to reach $24.00 in the next year. This suggests a possible upside of 79.1% from the stock's current price. View analysts' price targets for Independent Bank Co.(MI).

News headlines about IBCP stock have trended very negative this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing 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 media sentiment score of -3.2 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news about Independent Bank Co.(MI).

Independent Bank Co.(MI) saw a increase in short interest in June. As of June 30th, there was short interest totaling 312,500 shares, an increase of 10.7% from the June 15th total of 282,200 shares. Based on an average trading volume of 123,400 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.5% 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 Lakeland Financial (LKFN), Heartland Financial USA (HTLF), Seacoast Banking Co. of Florida (SBCF), Eagle Bancorp (EGBN), First Busey (BUSE), S & T Bancorp (STBA), 1st Source (SRCE), Southside Bancshares (SBSI), Oritani Financial (ORIT), TriCo Bancshares (TCBK), Stock Yards Bancorp (SYBT), Veritex (VBTX), German American Bancorp. (GABC), Enterprise Financial Services (EFSC) and FB Financial (FBK). View all competitors.

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), Apache (APA), Aegean Marine Petroleum Network (ANW), Occidental Petroleum (OXY), American River Bankshares (AMRB), First Busey (BUSE), Eagle Bancorp Montana (EBMT), Pfizer (PFE) and Pentair (PNR).

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

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 $13.40.

Independent Bank Co.(MI) has a market capitalization of $293.37 million and generates $196.66 million in revenue each year. The financial services provider earns $46.44 million in net income (profit) each year or $2.00 on an earnings per share basis. Independent Bank Co.(MI) employs 830 workers across the globe.

The official website for Independent Bank Co.(MI) is 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]