Discover
IBCP
Independent Bank Corporation
36.70
2 x 26.52
2 x 46.45
bid
ask
+
0.63
1.75%
2 @ 04:00 AM
36.88 +0.18 (0.49%)
| Ytd | 12.82% | |
| 1y | 9.23% |
36.01
day range
36.93
29.63
52 week range
39.17
| Open | 36.02 | Prev Close | 36.07 | Low | 36.01 | High | 36.93 | Mkt Cap | 756.25M |
| Vol | 174.56K | Avg Vol | 164.40K | EPS | 3.34 | P/E | 10.99 | Forward P/E | 11.54 |
| Beta | 0.98 | Short Ratio | 2.15 | Inst. Own | 86.60% | Dividend | 0.96 | Div Yield | 2.73 |
| Ex Div Date | 11-05 | Earning | 07-23 | 50-d Avg | 34.24 | 200-d Avg | 33.45 | 1yr Est | 38.20 |
Earning
| Date | For | Estimate | Reported | Surprise | surprise % |
|---|---|---|---|---|---|
| 2025-01-23 | 2024-12 | 0.76 | N/A | N/A | N/A |
| 2024-10-24 | 2024-09 | 0.76 | 0.65 | -0.11 | -14.47% |
| 2024-07-25 | 2024-06 | 0.71 | 0.88 | 0.17 | 23.94% |
| 2024-04-25 | 2024-03 | 0.65 | 0.76 | 0.11 | 16.92% |
| 2024-01-25 | 2023-12 | 0.71 | 0.79 | 0.08 | 11.27% |
| 2023-10-24 | 2023-09 | 0.63 | 0.83 | 0.2 | 31.75% |
Upgrade / Downgrade
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| 2024-12-04 | Keefe, Bruyette & Woods | Upgrade | Market Perform | Market Perform |
| 2024-07-29 | Keefe, Bruyette & Woods | Upgrade | Market Perform | Market Perform |
| 2024-07-29 | Piper Sandler | Upgrade | Neutral | Neutral |
| 2024-04-30 | DA Davidson | Upgrade | Neutral | Neutral |
| 2023-07-26 | Keefe, Bruyette & Woods | Upgrade | Market Perform | Market Perform |
| 2022-12-13 | Keefe, Bruyette & Woods | Downgrade | Outperform | Market Perform |
Profile
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.
Insider Holder
| Date | Name | Relation | Quantity | Description |
|---|---|---|---|---|
| 2024-11-06 | BOER WILLIAM J | Director | 0.00 | Stock Gift |
| 2024-11-24 | DANIEL LARRY R JR | Officer | 26.64K | Sale |
| 2024-12-02 | ERVIN PATRICK J | Officer | 36.41K | Purchase |
| 2024-09-11 | KELLER CHRISTINA L | Director | 0.00 | Sale |
| 2024-12-10 | KESSEL WILLIAM B | Chief Executive Officer | 150.07K | Stock Gift |
| 2024-09-02 | KIMBALL STEFANIE M | Officer | 67.11K | Sale |
Institution Ownership
| Report Date | Organization | Position | Value | Percentage |
|---|---|---|---|---|
| 2024-09-29 | Blackrock Inc. | 2.84M | 99.51M | 13.58% |
| 2024-09-29 | Vanguard Group Inc | 1.19M | 41.85M | 5.71% |
| 2024-09-29 | FMR, LLC | 1.03M | 36.30M | 4.95% |
| 2024-09-29 | Dimensional Fund Advisors LP | 961.20K | 33.72M | 4.60% |
| 2024-09-29 | FJ Capital Management LLC | 805.37K | 28.25M | 3.85% |
| 2024-09-29 | State Street Corporation | 647.58K | 22.72M | 3.10% |
Fund Ownership
| Report Date | Organization | Position | Value | Percentage |
|---|---|---|---|---|
| 2024-09-29 | Vanguard Total Stock Market Index Fund | 664.80K | 23.32M | 3.18% |
| 2024-10-30 | iShares Russell 2000 ETF | 570.86K | 20.03M | 2.73% |
| 2024-09-29 | Avantis U.S. Small Cap Value ETF | 390.42K | 13.70M | 1.87% |
| 2024-09-29 | JP Morgan Small Cap Blend Fund | 300.99K | 10.56M | 1.44% |
| 2024-09-29 | Vanguard Extended Market Index Fund | 296.16K | 10.39M | 1.42% |
| 2024-10-30 | Proshares Tr-Russell 2000 Dividend Growers ETF | 217.12K | 7.62M | 1.04% |
Dividend
| Dividend | Date |
|---|---|
| 0.28 | 2026-05-04 |
| 0.28 | 2026-02-03 |
| 0.26 | 2025-11-04 |
| 0.26 | 2025-08-05 |
| 0.26 | 2025-05-05 |
| 0.26 | 2025-02-04 |
Split
| Split | Date |
|---|---|
| 0.1 : 1 | 2010-09-02 |
| 1 : 10 | 2010-09-01 |
| 105 : 100 | 2006-08-31 |
| 105 : 100 | 2005-09-01 |
| 11 : 10 | 2003-10-02 |
| 3 : 2 | 2003-01-02 |