Independent Bank - IBCP Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research 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.
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1 Wall Street research analysts have issued 12 month price objectives for Independent Bank's stock. Their IBCP stock forecasts range from $20.00 to $20.00. On average, they predict Independent Bank's share price to reach $20.00 in the next twelve months. This suggests that the stock has a possible downside of 1.9%.
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Independent Bank's stock was trading at $23.87 at the beginning of the year. Since then, IBCP shares have decreased by 14.6% and is now trading at $20.39.
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Independent Bank is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our earnings forecast for Independent Bank.

Independent Bank Co. (NASDAQ:IBCP) released its quarterly earnings data on Tuesday, July, 26th. The financial services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.56 by $0.05. Independent Bank had a trailing twelve-month return on equity of 15.45% and a net margin of 27.75%. During the same period in the previous year, the firm earned $0.56 earnings per share.

Independent Bank announced a quarterly dividend on Tuesday, July 19th. Investors of record on Friday, August 5th will be paid a dividend of $0.22 per share on Tuesday, August 16th. This represents a $0.88 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Thursday, August 4th.
View Independent Bank's dividend history.

Independent Bank(NASDAQ:IBCP) pays an annual dividend of $0.88 per share and currently has a dividend yield of 4.32%. IBCP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Independent Bank has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Independent Bank is 31.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Independent Bank will have a dividend payout ratio of 33.98% next year. This indicates that Independent Bank will be able to sustain or increase its dividend.
View Independent Bank's dividend history.

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.

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

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

Independent Bank's stock is owned by many different institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (1.26%), Assenagon Asset Management S.A. (0.56%), Russell Investments Group Ltd. (0.51%), Victory Capital Management Inc. (0.30%), Los Angeles Capital Management LLC (0.23%) and Ziegler Capital Management LLC (0.21%). 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, Robert N Shuster, Ronia F Kruse, Stefanie M Kimball, Stefanie M Kimball and William B Kessel.
View institutional ownership trends for Independent Bank.

Shares of IBCP stock 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.
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One share of IBCP stock can currently be purchased for approximately $20.39.

Independent Bank (NASDAQ:IBCP) has a market capitalization of $429.17 million and generates $214.72 million in revenue each year. The financial services provider earns $62.90 million in net income (profit) each year or $2.76 on an earnings per share basis.

Independent Bank employs 866 workers across the globe.

Independent Bank's mailing address is 4200 E BELTLINE, GRAND RAPIDS MI, 49525. The official website for Independent Bank is www.independentbank.com. The financial services provider can be reached via phone at (616) 527-5820, via email at rshuster@ibcp.com, or via fax at 616-527-4004.