NASDAQ:IBCP Independent Bank (IBCP) Stock Price, News & Analysis → Charles Payne Demystifies Options (From Unstoppable Prosperity) (Ad) Free IBCP Stock Alerts $25.77 +0.02 (+0.08%) (As of 05/10/2024 ET) Add Compare Share Share Today's Range$25.67▼$25.9850-Day Range$23.14▼$25.7752-Week Range$15.19▼$27.39Volume93,551 shsAverage Volume79,914 shsMarket Capitalization$538.59 millionP/E Ratio8.77Dividend Yield3.73%Price Target$28.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Independent Bank alerts: Email Address Independent Bank MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside8.7% Upside$28.00 Price TargetShort InterestHealthy1.03% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.43Based on 3 Articles This WeekInsider TradingSelling Shares$37,500 Sold Last QuarterProj. Earnings Growth1.69%From $2.95 to $3.00 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.14 out of 5 starsFinance Sector478th out of 876 stocksState Commercial Banks Industry111th out of 178 stocks 1.0 Analyst's Opinion Consensus RatingIndependent Bank has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageIndependent Bank has only been the subject of 2 research reports in the past 90 days.Read more about Independent Bank's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.03% of the float of Independent Bank has been sold short.Short Interest Ratio / Days to CoverIndependent Bank has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Independent Bank has recently decreased by 10.60%, indicating that investor sentiment is improving significantly. Previous Next 5.0 Dividend Strength Dividend LeadershipIndependent Bank is a leading dividend payer. It pays a dividend yield of 3.73%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthIndependent Bank has been increasing its dividend for 10 years.Dividend CoverageThe dividend payout ratio of Independent Bank is 32.65%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Independent Bank will have a dividend payout ratio of 32.00% next year. This indicates that Independent Bank will be able to sustain or increase its dividend.Read more about Independent Bank's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for IBCP. Previous Next 1.9 News and Social Media Coverage News SentimentIndependent Bank has a news sentiment score of 0.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Independent Bank this week, compared to 1 article on an average week.Search InterestOnly 1 people have searched for IBCP on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Independent Bank to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Independent Bank insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $37,500.00 in company stock.Percentage Held by InsidersOnly 5.45% of the stock of Independent Bank is held by insiders.Percentage Held by Institutions79.43% of the stock of Independent Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Independent Bank's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Independent Bank are expected to grow by 1.69% in the coming year, from $2.95 to $3.00 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independent Bank is 8.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.14.Price to Earnings Ratio vs. SectorThe P/E ratio of Independent Bank is 8.77, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 50.06.Price to Book Value per Share RatioIndependent Bank has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Independent Bank's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyObama’s Forever Term [exposed]America’s Last Election New documentary, America’s Last Election, reveals the true (and terrifying) story of how the D.C. establishment has engineered a brutal new crisis that could hand them permanent power. Power they will use to reshape America to their dark, dystopian vision.Start streaming it now at no cost here About Independent Bank Stock (NASDAQ:IBCP)Independent Bank Corporation operates as the bank holding company for Independent Bank that provides commercial banking services to individuals and businesses in rural and suburban communities in Michigan. It offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The company also provides title insurance services and investment services, as well as automatic teller machines, and internet and mobile banking services. In addition, it operates through branches, drive-thru facilities, and loan production offices. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.Read More IBCP Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IBCP Stock News HeadlinesApril 30, 2024 | insidertrades.comIndependent Bank Co. (NASDAQ:IBCP) SVP James J. Twarozynski Sells 1,500 SharesMay 3, 2024 | americanbankingnews.comIndependent Bank Co. (NASDAQ:IBCP) to Post FY2024 Earnings of $2.96 Per Share, DA Davidson ForecastsMay 11, 2024 | Weiss Ratings (Ad)[URGENT] DO NOT Touch These AI Stocks!Artificial intelligence stocks are carrying the market. One of them, Nvidia, recently became the seventh company ever to hit a $1 trillion market cap. But is this AI rally over?May 2, 2024 | americanbankingnews.comDA Davidson Weighs in on Independent Bank Co.'s Q2 2024 Earnings (NASDAQ:IBCP)May 1, 2024 | finance.yahoo.comIndependent Bank (NASDAQ:IBCP) Will Pay A Dividend Of $0.24May 1, 2024 | americanbankingnews.comIndependent Bank's (IBCP) Neutral Rating Reaffirmed at DA DavidsonApril 30, 2024 | markets.businessinsider.comAnalysts Conflicted on These Financial Names: SoFi Technologies (SOFI), Bank Of Marin Bancorp (BMRC) and Independent Bank (IBCP)April 30, 2024 | finance.yahoo.comIndependent Bank Corporation (NASDAQ:IBCP) Q1 2024 Earnings Call TranscriptMay 11, 2024 | Weiss Ratings (Ad)[URGENT] DO NOT Touch These AI Stocks!Artificial intelligence stocks are carrying the market. One of them, Nvidia, recently became the seventh company ever to hit a $1 trillion market cap. But is this AI rally over?April 27, 2024 | seekingalpha.comIndependent Bank Corporation (IBCP) Q1 2024 Earnings Call TranscriptApril 26, 2024 | finance.yahoo.comIndependent Bank First Quarter 2024 Earnings: EPS Beats ExpectationsApril 26, 2024 | markets.businessinsider.comIndependent Bank earnings: here's what to expectApril 26, 2024 | finance.yahoo.comIndependent Bank Corp (Ionia MI) (IBCP) Q1 2024 Earnings Call Transcript Highlights: Strong ...April 25, 2024 | msn.comIBCP Stock Earnings: Independent Bank Beats EPS, Misses Revenue for Q1 2024April 25, 2024 | finance.yahoo.comIndependent Bank Corp (Ionia MI) Reports Q1 2024 Earnings: Surpasses Analyst ProjectionsApril 25, 2024 | sfgate.comIndependent Bank: Q1 Earnings SnapshotApril 25, 2024 | globenewswire.comIndependent Bank Corporation Reports 2024 First Quarter ResultsApril 23, 2024 | msn.comIndependent Bank declares $0.24 dividendApril 23, 2024 | investing.comIndependent Bank Corporation names new board chairApril 23, 2024 | globenewswire.comIndependent Bank Corporation Announces Appointment of Stephen L. Gulis, Jr. as Chairperson to Its Board of DirectorsApril 23, 2024 | globenewswire.comIndependent Bank Corporation Announces Quarterly Cash Dividend on Common StockApril 12, 2024 | msn.comArmed man robs Independent Bank on Poplar, MPD searching for suspectApril 2, 2024 | globenewswire.comIndependent Bank Corporation Announces Date for Its First Quarter 2024 Earnings ReleaseMarch 23, 2024 | finance.yahoo.comWith 75% institutional ownership, Independent Bank Corporation (NASDAQ:IBCP) is a favorite amongst the big gunsMarch 23, 2024 | finance.yahoo.comIndependent Bank Corporation (IBCP)March 20, 2024 | morningstar.comIndependent Bank Corp (Ionia MI)March 15, 2024 | wsj.comIndependent Bank Corp. (Michigan)See More Headlines Receive IBCP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Independent Bank and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings10/25/2021Ex-Dividend for 2/15 Dividend2/02/2024Dividend Payable2/15/2024Ex-Dividend for 5/13 Dividend5/02/2024Today5/11/2024Dividend Payable5/13/2024Next Earnings (Estimated)7/23/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryN/A Current SymbolNASDAQ:IBCP CUSIPN/A CIK39311 Webwww.independentbank.com Phone(616) 527-5820Fax616-527-4004Employees741Year FoundedN/APrice Target and Rating Average Stock Price Target$28.00 High Stock Price Target$28.00 Low Stock Price Target$28.00 Potential Upside/Downside+8.7%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$2.94 Trailing P/E Ratio8.77 Forward P/E Ratio8.74 P/E GrowthN/ANet Income$59.07 million Net Margins20.45% Pretax Margin25.57% Return on Equity16.55% Return on Assets1.25% Debt Debt-to-Equity Ratio0.31 Current Ratio0.87 Quick Ratio0.85 Sales & Book Value Annual Sales$290.35 million Price / Sales1.85 Cash Flow$3.45 per share Price / Cash Flow7.46 Book Value$19.88 per share Price / Book1.30Miscellaneous Outstanding Shares20,900,000Free Float19,763,000Market Cap$538.59 million OptionableOptionable Beta0.97 Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.Get This Free Report Key ExecutivesMr. William Bradford Kessel CPA (Age 60)President, CEO & Director Comp: $804.01kMr. Gavin A. Mohr (Age 40)CFO, Executive VP, Treasurer & Corporate Secretary Comp: $418.13kMr. Larry Russ Daniel Jr. (Age 60)Executive Vice President of Operations & Retail Banking Comp: $398.28kMs. Stefanie M. Kimball (Age 64)Executive VP & Chief Risk Officer Comp: $427.77kMr. Patrick J. Ervin (Age 58)Executive Vice President of Mortgage Banking Comp: $420.37kMr. James J. Twarozynski (Age 59)Senior VP, Chief Accounting Officer & Controller Ms. Laurinda M. Neve (Age 72)Senior Vice President of Human Resources Mr. Joel F. Rahn (Age 58)Executive VP of Commercial Lending & Chief Lending Officer Comp: $474.29kMs. Darcy J. BenjaminAccounting OfficerMore ExecutivesKey CompetitorsTrustCo Bank Corp NYNASDAQ:TRSTEquity BancsharesNASDAQ:EQBKCambridge BancorpNASDAQ:CATCBusiness First BancsharesNASDAQ:BFSTMidland States BancorpNASDAQ:MSBIView All CompetitorsInsiders & InstitutionsVanguard Group Inc.Bought 12,851 shares on 5/10/2024Ownership: 5.170%Acadian Asset Management LLCBought 113,408 shares on 5/10/2024Ownership: 1.586%Foundry Partners LLCSold 960 shares on 5/9/2024Ownership: 1.012%Russell Investments Group Ltd.Bought 50,681 shares on 5/8/2024Ownership: 0.522%Empowered Funds LLCBought 6,267 shares on 5/7/2024Ownership: 0.398%View All Insider TransactionsView All Institutional Transactions IBCP Stock Analysis - Frequently Asked Questions Should I buy or sell Independent Bank stock right now? 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" IBCP shares. 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. View IBCP analyst ratings or view top-rated stocks. What is Independent Bank's stock price target for 2024? 2 Wall Street research analysts have issued 12-month price objectives for Independent Bank's shares. Their IBCP share price targets range from $28.00 to $28.00. On average, they anticipate the company's stock price to reach $28.00 in the next year. This suggests a possible upside of 8.7% from the stock's current price. View analysts price targets for IBCP or view top-rated stocks among Wall Street analysts. How have IBCP shares performed in 2024? Independent Bank's stock was trading at $26.02 at the beginning of 2024. Since then, IBCP shares have decreased by 1.0% and is now trading at $25.77. View the best growth stocks for 2024 here. When is Independent Bank's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024. View our IBCP earnings forecast. How were Independent Bank's earnings last quarter? Independent Bank Co. (NASDAQ:IBCP) announced its quarterly earnings results on Monday, October, 25th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.11. The financial services provider earned $53.50 million during the quarter, compared to analyst estimates of $47.57 million. Independent Bank had a trailing twelve-month return on equity of 16.55% and a net margin of 20.45%. During the same period in the prior year, the company earned $0.89 earnings per share. How often does Independent Bank pay dividends? What is the dividend yield for Independent Bank? Independent Bank declared a quarterly dividend on Tuesday, April 23rd. Shareholders of record on Friday, May 3rd will be given a dividend of $0.24 per share on Monday, May 13th. This represents a $0.96 annualized dividend and a yield of 3.73%. The ex-dividend date is Thursday, May 2nd. Read our dividend analysis for IBCP. Is Independent Bank a good dividend stock? Independent Bank (NASDAQ:IBCP) pays an annual dividend of $0.96 per share and currently has a dividend yield of 3.73%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 32.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IBCP will have a dividend payout ratio of 32.00% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for IBCP. What ETFs hold Independent Bank's stock? ETFs with the largest weight of Independent Bank (NASDAQ:IBCP) stock in their portfolio include JPMorgan Active Small Cap Value ETF (JPSV).First Trust Dow Jones Select Microcap Index Fund (FDM). What is William "Brad" Kessel's approval rating as Independent Bank's CEO? 15 employees have rated Independent Bank Chief Executive Officer William "Brad" Kessel on Glassdoor.com. William "Brad" Kessel has an approval rating of 95% among the company's employees. This puts William "Brad" Kessel in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 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), Pfizer (PFE), Aegean Marine Petroleum Network (ANW), Occidental Petroleum (OXY), Pentair (PNR), Citigroup (C), NextEra Energy Partners (NEP) and Who are Independent Bank's major shareholders? Independent Bank's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.17%), LSV Asset Management (2.51%), Allspring Global Investments Holdings LLC (1.98%), Acadian Asset Management LLC (1.59%), PL Capital Advisors LLC (1.53%) and Principal Financial Group Inc. (1.29%). Insiders that own company stock include Christina Keller, Dennis W Archer Jr, Gavin A Mohr, James J Twarozynski, Michael M Magee Jr, Ronia F Kruse, Stefanie M Kimball, Stefanie M Kimball and Terance L Beia. View institutional ownership trends. How do I buy shares of 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:IBCP) was last updated on 5/11/2024 by MarketBeat.com Staff From Our PartnersHe Is Giving Away BitcoinCrypto Swap ProfitsThe Crypto 9-5 Escape PlanCrypto 101 MediaCollapse of the Petrodollar Colonial MetalsThe 2024 Gold Rush: Unleashing Market PotentialPriority GoldThe A.I. story nobody is telling you (Read ASAP)TradeSmithGold Set to EXPLODE!Gold Safe Exchange[URGENT] DO NOT Touch These AI Stocks!Weiss RatingsRSVP: Charles Payne’s Cash Flow WorkshopUnstoppable Prosperity Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Independent Bank Co. 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