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Independent Bank Corporation IBCP

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Price alert · IBCP

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36.93 USD -0.14 -0.39%

As of Nov 3, 11:02 AM ET

Bid
36.82 × 2
Ask
37.05 × 5
36.70 Day range 37.03
29.83 52-week range 39.24
YTD
+13.52%
1 year
+21.15%
Open
37.03
Prev close
37.07
Mkt cap
813.70M
Vol
11.34K
Avg vol
191.19K
EPS
3.40
P/E
10.84
Div yield
3.02%
More statistics
Low
36.70
High
37.03
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

5Y chart

Chart tools
Interval
1m5m15m30m

Events in this range
  • Nov 4, 2021Dividend: 0.21
  • Feb 3, 2022Dividend: 0.22
  • May 4, 2022Dividend: 0.22
  • Aug 4, 2022Dividend: 0.22
  • Nov 3, 2022Dividend: 0.22
  • Nov 14, 2022Dividend: 0.22
  • Dec 13, 2022Downgrade: Keefe, Bruyette & Woods · Outperform → Market Perform
  • Feb 15, 2023Dividend: 0.23
  • May 4, 2023Dividend: 0.23
  • Jul 26, 2023Rating: Keefe, Bruyette & Woods · Market Perform → Market Perform
  • Aug 3, 2023Dividend: 0.23
  • Oct 24, 2023Earnings: 0.83; estimate 0.63; surprise 31.75%
  • Nov 2, 2023Dividend: 0.23
  • Jan 25, 2024Earnings: 0.79; estimate 0.71; surprise 11.27%
  • Feb 2, 2024Dividend: 0.24
  • Apr 25, 2024Earnings: 0.76; estimate 0.65; surprise 16.92%
  • Apr 30, 2024Rating: DA Davidson · Neutral → Neutral
  • May 2, 2024Dividend: 0.24
  • Jul 25, 2024Earnings: 0.88; estimate 0.71; surprise 23.94%
  • Jul 29, 2024Rating: Piper Sandler · Neutral → Neutral
  • Jul 29, 2024Rating: Keefe, Bruyette & Woods · Market Perform → Market Perform
  • Aug 5, 2024Dividend: 0.24
  • Oct 24, 2024Earnings: 0.65; estimate 0.76; surprise -14.47%
  • 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
  • Nov 3, 2026Dividend: 0.28
Signals (110)
NameDateAgo
SMA: BullishOct 19, 20262 weeks ago
SMA: BullishOct 12, 20263 weeks ago
SMA: BearishOct 5, 20264 weeks ago
MACD: Sell SignalSep 14, 20261 month ago
SMA: BearishSep 7, 20261 month ago
SMA: BullishAug 31, 20262 months ago
SMA: BearishAug 24, 20262 months ago
MACD: Buy SignalJun 8, 20264 months ago
SMA: BullishMay 18, 20265 months ago
SMA: BullishMay 18, 20265 months ago
SMA: BearishMay 11, 20265 months ago
SMA: BearishMay 11, 20265 months ago
SMA: BullishMay 4, 20266 months ago
SMA: BearishApr 20, 20266 months ago
SMA: BullishApr 6, 20267 months ago
SMA: BullishMar 30, 20267 months ago
SMA: BearishMar 16, 20267 months ago
MACD: Sell SignalMar 9, 20267 months ago
SMA: BearishMar 2, 20268 months ago
SMA: BullishJan 5, 202610 months ago

Newest 20 of 110.

Key statistics

Financials
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 +3.4% upside
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.

Earnings history

Financials — quick view

All financials
IBCP Revenue — quarterly 60.52M
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
IBCP Net income — quarterly 18.80M
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
IBCP EPS — quarterly 0.91
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026

Earnings

IBCP recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Jan 23, 2025Dec 1, 20240.76———
Oct 24, 2024Sep 1, 20240.760.65-0.11-14.47%
Jul 25, 2024Jun 1, 20240.710.88+0.17+23.94%
Apr 25, 2024Mar 1, 20240.650.76+0.11+16.92%
Jan 25, 2024Dec 1, 20230.710.79+0.08+11.27%
Oct 24, 2023Sep 1, 20230.630.83+0.20+31.75%

Upgrades / downgrades

IBCP analyst upgrades and downgrades
DateFirmActionFromTo
Dec 4, 2024Keefe, Bruyette & WoodsmainMarket PerformMarket Perform
Jul 29, 2024Keefe, Bruyette & WoodsreitMarket PerformMarket Perform
Jul 29, 2024Piper SandlermainNeutralNeutral
Apr 30, 2024DA DavidsonmainNeutralNeutral
Jul 26, 2023Keefe, Bruyette & WoodsmainMarket PerformMarket Perform
Dec 13, 2022Keefe, Bruyette & WoodsdownOutperformMarket 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

All news

Your note

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Insider holders

IBCP insider holders
InsiderRelationLatest transactionDateShares held
BOER WILLIAM JDirectorStock GiftNov 6, 20240
DANIEL LARRY R JROfficerSaleNov 24, 202426,638
ERVIN PATRICK JOfficerPurchaseDec 2, 202436,413
KELLER CHRISTINA LDirectorSaleSep 11, 20240
KESSEL WILLIAM BChief Executive OfficerStock GiftDec 10, 2024150,073
KIMBALL STEFANIE MOfficerSaleSep 2, 202467,113

Institution ownership

IBCP institution ownership
Holder% heldSharesValueReported
Blackrock Inc.13.58%2,836,63399.51MSep 29, 2024
Vanguard Group Inc5.71%1,192,95441.85MSep 29, 2024
FMR, LLC4.95%1,034,77536.30MSep 29, 2024
Dimensional Fund Advisors LP4.60%961,20233.72MSep 29, 2024
FJ Capital Management LLC3.85%805,36728.25MSep 29, 2024
State Street Corporation3.10%647,57922.72MSep 29, 2024

Fund ownership

IBCP fund ownership
Holder% heldSharesValueReported
Vanguard Total Stock Market Index Fund3.18%664,79923.32MSep 29, 2024
iShares Russell 2000 ETF2.73%570,86420.03MOct 30, 2024
Avantis U.S. Small Cap Value ETF1.87%390,42113.70MSep 29, 2024
JP Morgan Small Cap Blend Fund1.44%300,98510.56MSep 29, 2024
Vanguard Extended Market Index Fund1.42%296,15610.39MSep 29, 2024
Proshares Tr-Russell 2000 Dividend Growers ETF1.04%217,1177.62MOct 30, 2024

Dividends

IBCP recent dividends
Ex-dividend dateAmount
Nov 3, 20260.28
Aug 4, 20260.28
May 4, 20260.28
Feb 3, 20260.28
Nov 4, 20250.26
Aug 5, 20250.26

Splits

IBCP stock splits
DateRatio
Sep 2, 20100.1:1
Sep 1, 20101:10
Aug 31, 2006105:100
Sep 1, 2005105:100
Oct 2, 200311:10
Jan 2, 20033:2