Independent Bank Corporation IBCP
Set alert
36.57 USD -0.53 -1.43%
At close · Oct 30
36.57 0.00 0.00%
After hours · Oct 30, 4:00 PM ET
36.49 Day range 37.15
30.08 52-week range 38.67
- YTD
- +12.42%
- 1 year
- +17.93%
- Open
- 37.10
- Prev close
- 37.10
- Mkt cap
- 807.52M
- Vol
- 126.98K
- Avg vol
- 191.23K
- EPS
- 3.40
- P/E
- 10.76
- Div yield
- 2.73%
More statistics
- Low
- 36.49
- High
- 37.15
- Forward P/E
- 11.54
- Beta
- 0.98
- Short ratio
- 2.15
- Inst. own
- 86.60%
- Dividend
- 0.96
- Ex-div date
- Nov 4, 2024
- Earnings
- Jan 23, 2025
- 50-d avg
- 36.10
- 200-d avg
- 30.18
- 1y target
- 38.20
2Y chart
Events in this range
- Nov 5, 2024Dividend: 0.24
- Dec 4, 2024Rating: Keefe, Bruyette & Woods · Market Perform → Market Perform
- Jan 23, 2025Earnings: —; estimate 0.76; surprise —%
- Feb 4, 2025Dividend: 0.26
- May 5, 2025Dividend: 0.26
- Aug 5, 2025Dividend: 0.26
- Nov 4, 2025Dividend: 0.26
- Feb 3, 2026Dividend: 0.28
- May 4, 2026Dividend: 0.28
- Aug 4, 2026Dividend: 0.28
Signals (105)
| Name | Date | Ago |
|---|---|---|
| SMA: Bullish | Oct 22, 2026 | 1 week ago |
| MACD: Buy Signal | Oct 16, 2026 | 2 weeks ago |
| SMA: Bullish | Oct 15, 2026 | 2 weeks ago |
| MACD: Sell Signal | Oct 14, 2026 | 2 weeks ago |
| MACD: Buy Signal | Oct 2, 2026 | 1 month ago |
| SMA: Bearish | Sep 16, 2026 | 1 month ago |
| MACD: Sell Signal | Sep 16, 2026 | 1 month ago |
| SMA: Bullish | Sep 14, 2026 | 1 month ago |
| SMA: Bearish | Sep 11, 2026 | 1 month ago |
| MACD: Buy Signal | Sep 11, 2026 | 1 month ago |
| SMA: Bullish | Sep 10, 2026 | 1 month ago |
| SMA: Bearish | Sep 8, 2026 | 1 month ago |
| SMA: Bullish | Sep 4, 2026 | 1 month ago |
| SMA: Bearish | Aug 25, 2026 | 2 months ago |
| MACD: Sell Signal | Aug 10, 2026 | 2 months ago |
| MACD: Buy Signal | Jul 24, 2026 | 3 months ago |
| MACD: Sell Signal | Jul 22, 2026 | 3 months ago |
| MACD: Buy Signal | Jul 16, 2026 | 3 months ago |
| MACD: Sell Signal | Jul 8, 2026 | 3 months ago |
| MACD: Buy Signal | Jun 24, 2026 | 4 months ago |
| MACD: Sell Signal | Jun 18, 2026 | 4 months ago |
| SMA: Bullish | Jun 4, 2026 | 5 months ago |
| SMA: Bearish | Jun 3, 2026 | 5 months ago |
| MACD: Buy Signal | May 21, 2026 | 5 months ago |
| SMA: Bullish | May 20, 2026 | 5 months ago |
| SMA: Bullish | May 18, 2026 | 5 months ago |
| SMA: Bearish | May 15, 2026 | 5 months ago |
| MACD: Sell Signal | May 13, 2026 | 5 months ago |
| SMA: Bearish | May 11, 2026 | 5 months ago |
| MACD: Buy Signal | May 7, 2026 | 5 months ago |
| SMA: Bearish | Apr 29, 2026 | 6 months ago |
| SMA: Bullish | Apr 28, 2026 | 6 months ago |
| MACD: Sell Signal | Apr 22, 2026 | 6 months ago |
| SMA: Bearish | Apr 20, 2026 | 6 months ago |
| SMA: Bullish | Apr 17, 2026 | 6 months ago |
| SMA: Bearish | Apr 15, 2026 | 6 months ago |
| SMA: Bullish | Apr 9, 2026 | 6 months ago |
| SMA: Bullish | Mar 31, 2026 | 7 months ago |
| MACD: Buy Signal | Mar 31, 2026 | 7 months ago |
| SMA: Bearish | Mar 25, 2026 | 7 months ago |
| SMA: Bullish | Mar 23, 2026 | 7 months ago |
| SMA: Bearish | Mar 20, 2026 | 7 months ago |
| RSI: Oversold | Mar 20, 2026 | 7 months ago |
| SMA: Bullish | Mar 19, 2026 | 7 months ago |
| SMA: Bearish | Mar 18, 2026 | 7 months ago |
| SMA: Bearish | Mar 6, 2026 | 8 months ago |
| MACD: Sell Signal | Feb 18, 2026 | 8 months ago |
| MACD: Buy Signal | Feb 13, 2026 | 8 months ago |
| MACD: Sell Signal | Feb 12, 2026 | 8 months ago |
| MACD: Buy Signal | Jan 16, 2026 | 9 months ago |
| SMA: Bullish | Jan 14, 2026 | 9 months ago |
| SMA: Bearish | Jan 13, 2026 | 9 months ago |
| SMA: Bullish | Jan 5, 2026 | 10 months ago |
| SMA: Bearish | Jan 2, 2026 | 10 months ago |
| MACD: Sell Signal | Dec 22, 2025 | 10 months ago |
| RSI: Overbought | Dec 11, 2025 | 10 months ago |
| SMA: Bullish | Nov 25, 2025 | 11 months ago |
| SMA: Bullish | Nov 21, 2025 | 11 months ago |
| MACD: Buy Signal | Nov 21, 2025 | 11 months ago |
| MACD: Sell Signal | Nov 17, 2025 | 11 months ago |
| MACD: Buy Signal | Nov 12, 2025 | 11 months ago |
| MACD: Sell Signal | Oct 30, 2025 | 1 year ago |
| SMA: Bearish | Oct 28, 2025 | 1 year ago |
| SMA: Bearish | Oct 27, 2025 | 1 year ago |
| SMA: Bullish | Oct 24, 2025 | 1 year ago |
| SMA: Bullish | Oct 24, 2025 | 1 year ago |
| SMA: Bearish | Oct 23, 2025 | 1 year ago |
| SMA: Bullish | Oct 20, 2025 | 1 year ago |
| SMA: Bearish | Oct 16, 2025 | 1 year ago |
| SMA: Bullish | Oct 14, 2025 | 1 year ago |
| MACD: Buy Signal | Oct 14, 2025 | 1 year ago |
| MACD: Sell Signal | Oct 10, 2025 | 1 year ago |
| MACD: Buy Signal | Oct 8, 2025 | 1 year ago |
| MACD: Sell Signal | Sep 10, 2025 | 1 year ago |
| SMA: Bearish | Sep 9, 2025 | 1 year ago |
| SMA: Bearish | Aug 28, 2025 | 1 year ago |
| SMA: Bullish | Aug 27, 2025 | 1 year ago |
| SMA: Bullish | Aug 22, 2025 | 1 year ago |
| MACD: Buy Signal | Aug 13, 2025 | 1 year ago |
| RSI: Oversold | Aug 1, 2025 | 1 year ago |
| SMA: Bearish | Jul 28, 2025 | 1 year ago |
| MACD: Sell Signal | Jul 21, 2025 | 1 year ago |
| RSI: Overbought | Jul 3, 2025 | 1 year ago |
| MACD: Buy Signal | Jun 25, 2025 | 1 year ago |
| SMA: Bullish | Jun 23, 2025 | 1 year ago |
| SMA: Bearish | Jun 13, 2025 | 1 year ago |
| SMA: Bullish | Jun 6, 2025 | 1 year ago |
| SMA: Bearish | Jun 5, 2025 | 1 year ago |
| MACD: Sell Signal | May 22, 2025 | 1 year ago |
| SMA: Bullish | May 2, 2025 | 1 year ago |
| MACD: Buy Signal | Apr 15, 2025 | 1 year ago |
| MACD: Sell Signal | Apr 3, 2025 | 1 year ago |
| RSI: Oversold | Apr 3, 2025 | 1 year ago |
| MACD: Buy Signal | Mar 19, 2025 | 1 year ago |
| RSI: Oversold | Mar 6, 2025 | 1 year ago |
| MACD: Sell Signal | Feb 13, 2025 | 1 year ago |
| SMA: Bearish | Feb 12, 2025 | 1 year ago |
| SMA: Bullish | Feb 4, 2025 | 1 year ago |
| SMA: Bearish | Feb 3, 2025 | 1 year ago |
| SMA: Bullish | Jan 30, 2025 | 1 year ago |
| SMA: Bearish | Jan 29, 2025 | 1 year ago |
| SMA: Bullish | Jan 28, 2025 | 1 year ago |
| MACD: Buy Signal | Jan 16, 2025 | 1 year ago |
| RSI: Oversold | Jan 10, 2025 | 1 year ago |
| RSI: Overbought | Nov 22, 2024 | 1 year ago |
Key statistics
- Market cap
- 732.97M
- Enterprise value
- 683.91M
- Trailing P/E
- 11.93
- Forward P/E
- 11.54
- PEG ratio
- 0.00
- Price / sales
- 3.52
- Price / book
- 1.62
- EPS (TTM)
- 2.94
- Beta
- 0.98
- Dividend yield
- 2.73%
- Payout ratio
- 32.31%
- Profit margin
- 29.81%
- Revenue (TTM)
- 208.21M
- Revenue growth
- -7.10%
- Free cash flow
- 0
- Total cash
- 160.33M
- Total debt
- 110.02M
- Return on equity
- 15.00%
- Shares outstanding
- 20.89M
- Short % of float
- 1.18%
- 50-day average
- 36.10
- 200-day average
- 30.18
Analyst view
Consensus: hold
Hold
Price target (mean) 38.20 +4.5% upside
Now 36.57
- Target (low)
- 35.00
- Target (mean)
- 38.20
- Target (high)
- 41.00
Ratings (0m) 5 0 buy · 5 hold · 0 sell
- Strong buy0
- Buy0
- Hold5
- Sell0
- Strong sell0
Next earnings
Jan 23, 2025
Expected Jan 23, 2025. Consensus EPS estimate 0.76.
Financials — quick view
IBCP Revenue — quarterly 60.52M
IBCP Net income — quarterly 18.80M
IBCP EPS — quarterly 0.91
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Jan 23, 2025 | Dec 1, 2024 | 0.76 | — | — | — |
| Oct 24, 2024 | Sep 1, 2024 | 0.76 | 0.65 | -0.11 | -14.47% |
| Jul 25, 2024 | Jun 1, 2024 | 0.71 | 0.88 | +0.17 | +23.94% |
| Apr 25, 2024 | Mar 1, 2024 | 0.65 | 0.76 | +0.11 | +16.92% |
| Jan 25, 2024 | Dec 1, 2023 | 0.71 | 0.79 | +0.08 | +11.27% |
| Oct 24, 2023 | Sep 1, 2023 | 0.63 | 0.83 | +0.20 | +31.75% |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Dec 4, 2024 | Keefe, Bruyette & Woods | main | Market Perform | Market Perform |
| Jul 29, 2024 | Keefe, Bruyette & Woods | reit | Market Perform | Market Perform |
| Jul 29, 2024 | Piper Sandler | main | Neutral | Neutral |
| Apr 30, 2024 | DA Davidson | main | Neutral | Neutral |
| Jul 26, 2023 | Keefe, Bruyette & Woods | main | Market Perform | Market Perform |
| Dec 13, 2022 | Keefe, Bruyette & Woods | down | Outperform | Market Perform |
About Independent Bank Corporation
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.
- Sector
- Financial Services
- Industry
- Banks - Regional
- Country
- United States
- Website
- independentbank.com
News
- Piper Sandler Maintains Overweight on Independent Bank, Raises Price Target to $43
- DA Davidson Maintains Neutral on Independent Bank, Raises Price Target to $42
- Independent Bank Corporation (IBCP) Q3 2026 Earnings Call Transcript
- Independent Bank Q3 Earnings Call Highlights
- Independent Bank Q3 2026 Earnings Call Transcript
- Independent Bank (IBCP) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
- UPDATE: Independent Bank Q3 Adj. EPS $0.92 Beats $0.88 Estimate, Sales $55.257M Miss $56.845M Estimate
- Independent Bank (IBCP) Q3 Earnings and Revenues Top Estimates
- Independent Bank Q3 EPS $0.80 Misses $0.88 Estimate, Sales $55.257M Miss $56.845M Estimate
- Independent Bank Corporation Reports 2026 Third Quarter Earnings of $0.80 Per Diluted Share
Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| BOER WILLIAM J | Director | Stock Gift | Nov 6, 2024 | 0 |
| DANIEL LARRY R JR | Officer | Sale | Nov 24, 2024 | 26,638 |
| ERVIN PATRICK J | Officer | Purchase | Dec 2, 2024 | 36,413 |
| KELLER CHRISTINA L | Director | Sale | Sep 11, 2024 | 0 |
| KESSEL WILLIAM B | Chief Executive Officer | Stock Gift | Dec 10, 2024 | 150,073 |
| KIMBALL STEFANIE M | Officer | Sale | Sep 2, 2024 | 67,113 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Blackrock Inc. | 13.58% | 2,836,633 | 99.51M | Sep 29, 2024 |
| Vanguard Group Inc | 5.71% | 1,192,954 | 41.85M | Sep 29, 2024 |
| FMR, LLC | 4.95% | 1,034,775 | 36.30M | Sep 29, 2024 |
| Dimensional Fund Advisors LP | 4.60% | 961,202 | 33.72M | Sep 29, 2024 |
| FJ Capital Management LLC | 3.85% | 805,367 | 28.25M | Sep 29, 2024 |
| State Street Corporation | 3.10% | 647,579 | 22.72M | Sep 29, 2024 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 3.18% | 664,799 | 23.32M | Sep 29, 2024 |
| iShares Russell 2000 ETF | 2.73% | 570,864 | 20.03M | Oct 30, 2024 |
| Avantis U.S. Small Cap Value ETF | 1.87% | 390,421 | 13.70M | Sep 29, 2024 |
| JP Morgan Small Cap Blend Fund | 1.44% | 300,985 | 10.56M | Sep 29, 2024 |
| Vanguard Extended Market Index Fund | 1.42% | 296,156 | 10.39M | Sep 29, 2024 |
| Proshares Tr-Russell 2000 Dividend Growers ETF | 1.04% | 217,117 | 7.62M | Oct 30, 2024 |