Independent Bank Corporation IBCP
Set alert
37.30 USD +0.73 +2.00%
As of Nov 2, 2:37 PM ET
36.85 Day range 37.49
29.83 52-week range 39.24
- YTD
- +14.66%
- 1 year
- +23.43%
- Open
- 36.85
- Prev close
- 36.57
- Mkt cap
- 823.31M
- Vol
- 115.03K
- Avg vol
- 190.36K
- EPS
- 3.40
- P/E
- 10.97
- Div yield
- 3.02%
More statistics
- Low
- 36.85
- High
- 37.49
- 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
6M chart
Events in this range
- May 4, 2026Dividend: 0.28
- Aug 4, 2026Dividend: 0.28
Signals (44)
| Name | Date | Ago |
|---|---|---|
| SMA: Bullish | Oct 22, 2026 | 1 week ago |
| SMA: Bullish | Oct 22, 2026 | 1 week ago |
| SMA: Bearish | Oct 21, 2026 | 1 week ago |
| SMA: Bullish | Oct 20, 2026 | 1 week ago |
| MACD: Buy Signal | Oct 16, 2026 | 2 weeks ago |
| MACD: Sell Signal | Oct 14, 2026 | 2 weeks ago |
| SMA: Bearish | Oct 5, 2026 | 4 weeks ago |
| SMA: Bullish | Oct 2, 2026 | 1 month ago |
| MACD: Buy Signal | Oct 2, 2026 | 1 month ago |
| SMA: Bearish | Sep 22, 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 |
| SMA: Bullish | Jun 23, 2026 | 4 months ago |
| MACD: Sell Signal | Jun 18, 2026 | 4 months ago |
| SMA: Bearish | Jun 17, 2026 | 4 months ago |
| SMA: Bullish | Jun 5, 2026 | 5 months ago |
| SMA: Bullish | Jun 4, 2026 | 5 months ago |
| SMA: Bearish | Jun 3, 2026 | 5 months ago |
| SMA: Bearish | Jun 3, 2026 | 5 months ago |
| SMA: Bullish | Jun 2, 2026 | 5 months ago |
| SMA: Bearish | Jun 1, 2026 | 5 months ago |
| SMA: Bullish | May 29, 2026 | 5 months ago |
| SMA: Bearish | May 27, 2026 | 5 months ago |
| SMA: Bullish | May 26, 2026 | 5 months ago |
| MACD: Buy Signal | May 21, 2026 | 5 months ago |
| SMA: Bullish | May 20, 2026 | 5 months ago |
| MACD: Sell Signal | May 13, 2026 | 5 months ago |
| SMA: Bearish | May 11, 2026 | 5 months ago |
| SMA: Bearish | May 11, 2026 | 5 months ago |
| SMA: Bullish | May 8, 2026 | 5 months ago |
| MACD: Buy Signal | May 7, 2026 | 5 months 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 +2.4% upside
Now 37.30
- 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 |