Independent Bank Stock Forecast, Price & News

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.

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.
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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.

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

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".

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.

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.

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.

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.

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.

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.

Some companies that are related to Independent Bank include FB Financial (FBK), Eagle Bancorp (EGBN), Seacoast Banking Co. of Florida (SBCF), Great Western Bancorp (GWB), Lakeland Financial (LKFN), Veritex (VBTX), Enterprise Financial Services (EFSC), First Busey (BUSE), Customers Bancorp (CUBI), Boston Private Financial (BPFH), TriCo Bancshares (TCBK), S&T Bancorp (STBA), Southside Bancshares (SBSI), Merchants Bancorp (MBIN) and OFG Bancorp (OFG).
View all of IBCP's competitors.

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).

Independent Bank 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 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 $20.83.

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.

Independent Bank employs 854 workers across the globe.

The official website for Independent Bank is www.independentbank.com.

Independent Bank is headquartered at 4200 E BELTLINE, GRAND RAPIDS MI, 49525.

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]