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Market Cap 434.16M P/E 7.33 EPS this Y 6.10% Ern Qtrly Grth 23.10%
Income 62.07M Forward P/E 8.33 EPS next Y -0.70% 50D Avg Chg 14.00%
Sales 205.98M PEG 1.02 EPS past 5Y 10.57% 200D Avg Chg 2.00%
Dividend 4.00% Price/Book 1.16 EPS next 5Y 8.00% 52W High Chg -17.00%
Recommedations 3.00 Quick Ratio - Shares Outstanding 20.90M 52W Low Chg 39.00%
Insider Own 4.57% ROA 1.20% Shares Float 18.85M Beta 0.99
Inst Own 81.48% ROE 15.85% Shares Shorted/Prior 165.95K/229.18K Price 20.73
Gross Margin - Profit Margin 30.13% Avg. Volume 81,003 Target Price 27.00
Oper. Margin 39.61% Earnings Date Jul 23 Volume 49,216 Change 0.39%
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.

Independent Bank Corporation News
06/11/24 Independent Bank's (NASDAQ:IBCP) investors will be pleased with their notable 33% return over the last year
05/01/24 Independent Bank (NASDAQ:IBCP) Will Pay A Dividend Of $0.24
04/30/24 Independent Bank Corporation (NASDAQ:IBCP) Q1 2024 Earnings Call Transcript
04/26/24 Independent Bank First Quarter 2024 Earnings: EPS Beats Expectations
04/25/24 Independent Bank Corp (Ionia MI) Reports Q1 2024 Earnings: Surpasses Analyst Projections
04/25/24 Independent Bank Corporation Reports 2024 First Quarter Results
04/23/24 Independent Bank Corporation Announces Appointment of Stephen L. Gulis, Jr. as Chairperson to Its Board of Directors
04/23/24 Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock
04/18/24 Exploring Top Dividend Stocks In The US For April 2024
04/02/24 Independent Bank Corporation Announces Date for Its First Quarter 2024 Earnings Release
03/23/24 With 75% institutional ownership, Independent Bank Corporation (NASDAQ:IBCP) is a favorite amongst the big guns
02/25/24 Favourable Signals For Independent Bank: Numerous Insiders Acquired Stock
01/30/24 Independent Bank Corporation (NASDAQ:IBCP) Q4 2023 Earnings Call Transcript
01/28/24 Be Sure To Check Out Independent Bank Corporation (NASDAQ:IBCP) Before It Goes Ex-Dividend
01/25/24 Independent Bank Corp (Ionia MI) Reports Modest Earnings Amid Economic Challenges
01/25/24 Independent Bank Corporation Reports 2023 Fourth Quarter Results
01/23/24 Independent Bank Corporation Announces 4% Increase in Quarterly Cash Dividend on Common Stock
12/22/23 Independent Bank Corporation Announces Date for Its Fourth Quarter 2023 Earnings Release
12/19/23 Independent Bank Corporation Announces the Adoption of Its 2024 Share Repurchase Plan
11/28/23 Investing in Independent Bank (NASDAQ:IBCP) three years ago would have delivered you a 42% gain
IBCP Chatroom

User Image TheDayTradingAcademy Posted - 05/21/24

U.S. regional lender $SSB will buy Texas-based smaller rival $IBCP for about $2B, creating a combined entity with $65B in total assets. The all-stock deal will help SouthState enter Colorado & Texas, the 2 states where it does not have a footprint. The move underscores the growing consolidation in the U.S. regional banking industry, which has been under pressure since last year after the collapse of 3 mid-sized lenders. Elevated exposures to the commercial real estate (CRE) sector have also hurt their balance sheets.

User Image UncleStock Posted - 1 month ago

$STEL $IBCP $AX $MCB suggested for Banks - value screen: https://zpr.io/HhkC6

User Image UncleStock Posted - 1 month ago

$STEL $IBCP $AX $MCB suggested for Banks - value screen: https://zpr.io/HhkC6

User Image insiderbuyingselling Posted - 04/29/24

$IBCP new insider selling: 1500 shares. http://insiderbuyingselling.com/?t=IBCP

User Image UncleStock Posted - 04/26/24

$STEL $NYCB $IBCP $BMRC suggested for Banks - value screen: https://zpr.io/HhkC6

User Image epsguid Posted - 04/25/24

$IBCP reported earnings of $0.76, consensus was $0.65 via @eWhispers #epsbeat http://eps.sh/d/ibcp

User Image Stock_Titan Posted - 04/25/24

$IBCP Independent Bank Corporation Reports 2024 First Quarter Results https://www.stocktitan.net/news/IBCP/independent-bank-corporation-reports-2024-first-quarter-r1y8miruhnax.html

User Image UncleStock Posted - 2 months ago

$IBCP $CCAP $FDUS $CET suggested for Financials - value screen: https://zpr.io/BgLGvuDmMqMs

User Image UncleStock Posted - 2 months ago

$MED $SMLR $IBCP $SIGA suggested for US - value screen: https://zpr.io/tKhNa

User Image UncleStock Posted - 2 months ago

$IBCP $CCAP $CET $FDUS suggested for Financials - value screen: https://zpr.io/BgLGvuDmMqMs

User Image UncleStock Posted - 2 months ago

$IBCP $CCAP $CET $FDUS suggested for Financials - value screen: https://zpr.io/BgLGvuDmMqMs

User Image Stock_Titan Posted - 2 months ago

$IBCP Independent Bank Corporation Announces Date for Its First Quarter 2024 Earnings Release https://www.stocktitan.net/news/IBCP/independent-bank-corporation-announces-date-for-its-first-quarter-7j5yx72axxcz.html

User Image UncleStock Posted - 03/30/24

$IBCP $SMLR $TCBX $CLRO suggested for $IXIC US NASDAQ Composite - value screen: https://zpr.io/HUxSF

User Image UncleStock Posted - 03/21/24

$IBCP $MBIN $HAFC $STEL suggested for Banks - value screen: https://zpr.io/HhkC6

User Image UncleStock Posted - 03/20/24

$MED $REFI $SMLR $IBCP suggested for US - value screen: https://zpr.io/tKhNa

User Image UncleStock Posted - 3 months ago

$REFI $IBCP $OPFI $CET suggested for Financials - value screen: https://zpr.io/BgLGvuDmMqMs

User Image TickerDD_com Posted - 4 months ago

From 1/26/2024, looking back across 22 Month-Ends for IBCP, Percentage Change of Average Monthly Price had More Negatives (55%) while Percentage Change of Average Monthly Volume had More Positives (95%) $IBCP #IBCP #IBCPStock #TickerDD #IBCPPrice https://www.youtube.com/watch?v=Yvi8sI23gDM

User Image swingingtech Posted - 01/29/24

$IBCP $BBVA $MSBI https://wallstreetwaves.com/best-value-stocks-to-buy-for-january-29th/

User Image Last10K Posted - 01/25/24

$IBCP just filed with the SEC a Earnings Release and a Financial Exhibit https://last10k.com/sec-filings/IBCP/0000039311-24-000013.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=8K&utm_term=IBCP

User Image epsguid Posted - 01/25/24

$IBCP reported earnings of $0.79, consensus was $0.71 via @eWhispers #epsbeat http://eps.sh/d/ibcp

User Image tickeron Posted - 01/24/24

Independent Bank Corp to report earnings on January 25, 2024. Earnings per share (EPS) estimate: $0.70 $IBCP https://srnk.us/go/4977876

User Image dividendinvestorbyeagle Posted - 01/23/24

$IBCP announced a dividend (Independent Bank Corporation (Ionia, MI)) https://www.dividendinvestor.com/dn/5678743 http://dlvr.it/T1nJzY

User Image Towelie Posted - 01/23/24

🇺🇸Independent Bank Corporation hikes dividend by 4%. $IBCP #dividends http://dlvr.it/T1mTD5

User Image DonCorleone77 Posted - 01/23/24

$IBCP Independent Bank announces 4% increase in quarterly dividend to 24c per share Independent Bank Corporation announced that its Board of Directors declared a quarterly cash dividend on its common stock of 24c per share. This dividend is payable on February 15, 2024 to shareholders of record on February 5, 2024. The quarterly dividend represents a 4% increase over the quarterly dividend rate paid for each quarter in 2023. William B. Kessel, the President and CEO of Independent Bank Corporation, commented: "This marks the eleventh consecutive annual increase in our dividend for our shareholders. Our consistent long-term operating performance, a strong capital position and an optimistic outlook for our future supports our board's decision for this dividend increase."

User Image StockAutomatePro Posted - 01/23/24

$IBCP Stock is looking strong and set to rise based on the chart. We alerted the BUY signal at $25.31 and we were able to close this one with profit at $26.58 ✅

User Image StockAutomatePro Posted - 01/20/24

$IBCP The chart shows potential for a substantial increase in the stock price. We alerted the BUY signal at $25.13 and we were able to close this one with profit at $25.79 🎯 See more details at StockAutomate.com

User Image tickeron Posted - 01/19/24

$IBCP enters bullish trend https://srnk.us/go/4973385

User Image cctranscripts Posted - 01/18/24

Independent Bank Corporation's Executive Vice President just disposed of 1,152 shares https://www.conferencecalltranscripts.org/summary/?id=12876705 $IBCP

User Image UncleStock Posted - 5 months ago

$TOWN $FCNCA $IBCP $HAFC suggested for Banks - value screen: https://zpr.io/HhkC6

User Image UncleStock Posted - 5 months ago

$TOWN $FCNCA $IBCP $HAFC suggested for Banks - value screen: https://zpr.io/HhkC6

Analyst Ratings
DA Davidson Neutral Apr 30, 24
Keefe, Bruyette & Woods Market Perform Jul 26, 23
Keefe, Bruyette & Woods Market Perform Dec 13, 22
Piper Sandler Overweight Sep 29, 20
DA Davidson Buy Oct 1, 18
Compass Point Buy Dec 18, 17
DA Davidson Neutral Jul 6, 17
Hovde Group Market Perform Sep 23, 16
Boenning & Scattergood Neutral May 4, 16
Insider Trades Relationship Date Transactions Cost($) #Shares Value($) #Share Own SEC Form 4
Kimball Stefanie M Executive Vice Presi.. Executive Vice President Jul 31 Sell 20.61 218 4,493 60,562 08/01/23
Archer Dennis W. Jr Director Director Aug 04 Buy 19.41 6,000 116,460 11,000 07/27/23
Beia Terance L Director Director May 10 Buy 15.62 1,831 28,600 38,120 05/12/23
Mohr Gavin A. Executive Vice Presi.. Executive Vice President May 03 Buy 16.6 2,200 36,520 16,372 05/03/23
Keller Christina Director Director Mar 16 Buy 18.9443 660 12,503 8,963 03/20/23
Mohr Gavin A. Executive Vice Presi.. Executive Vice President Jan 30 Buy 21.68 1,600 34,688 11,655 01/31/23
Mohr Gavin A. Executive Vice Presi.. Executive Vice President Aug 22 Buy 21.3 2,000 42,600 10,055 08/24/22
TWAROZYNSKI JAMES J Senior Vice Presiden.. Senior Vice President Jul 28 Option 2.7 2,500 6,750 10,909 07/29/22
TWAROZYNSKI JAMES J Senior Vice Presiden.. Senior Vice President Jul 28 Sell 20.48 2,500 51,200 8,409 07/29/22
Kimball Stefanie M Executive Vice Presi.. Executive Vice President May 17 Sell 19.45 2,239 43,549 59,882 05/18/22
Archer Dennis W. Jr Director Director Apr 28 Buy 20.1636 2,000 40,327 5,000 04/29/22