Logo image of IBCP

INDEPENDENT BANK CORP - MICH (IBCP) Stock Price, Quote, News and Overview

NASDAQ:IBCP - Nasdaq - US4538386099 - Common Stock - Currency: USD

35.77  +0.17 (+0.48%)

IBCP Quote, Performance and Key Statistics

INDEPENDENT BANK CORP - MICH

NASDAQ:IBCP (1/27/2025, 11:43:19 AM)

35.77

+0.17 (+0.48%)

Sector
GICS SectorFinancials
GICS IndustryBanks
GICS IndustryGroupBanks
GICS SubIndustryRegional Banks
Statistics
52 Week High40.32
52 Week Low22.53
Market Cap747.24M
Shares20.89M
Float19.94M
Yearly Dividend0.92
Dividend Yield2.92%
PE11.32
Fwd PE11.53
Earnings (Next)N/A N/A
IPO01-16 1984-01-16


IBCP short term performance overview.The bars show the price performance of IBCP in the last week, last 2 weeks, last month, last 3 and 6 months. 1 week 2 week 1 month 3 months 6 months 2 4 6 8

IBCP long term performance overview.The bars show the price performance of IBCP in the last 1, 2 and 3 years. 1 year 2 years 3 years 20 40 60

The current stock price of IBCP is 35.77 USD. In the past month the price increased by 1.48%. In the past year, price increased by 37.77%.

INDEPENDENT BANK CORP - MICH / IBCP Daily stock chart

IBCP Latest News, Press Releases and Analysis

News Image
4 days ago - Independent Bank Corporation

Independent Bank Corporation Reports 2024 Fourth Quarter Results

Fourth Quarter Highlights Highlights for the fourth quarter of 2024 include: An increase in net interest income of $1.0 million (2.4%) over the third...

News Image
17 days ago - Independent Bank Corporation

Independent Bank Corporation Announces 8% Increase in Quarterly Cash Dividend on Common Stock

GRAND RAPIDS, Mich., Jan. 10, 2025 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a...

News Image
25 days ago - Independent Bank Corporation

Independent Bank Corporation Announces Appointment of New Chief Operating Officer

GRAND RAPIDS, Mich., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a...

News Image
a month ago - Independent Bank Corporation

UPDATE -- Independent Bank Corporation Announces Date for its Fourth Quarter 2024 Earnings Release

GRAND RAPIDS, Mich., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a...

IBCP Competitors/Peers

The largest stocks on the US markets in the "Regional Banks" sub-industry
Full List
Symbol
Name
TA
FA
PE
Market Cap
TFC TRUIST FINANCIAL CORP 13.02 62.75B
HBANL HUNTINGTON BANCSHARES - HBAN 6 7/8 PERP 20.58 37.38B
HBANM HUNTINGTON BANCSHARES - HBAN 5.7 PERP 18.61 33.79B
MTB M & T BANK CORP 12.89 33.21B
HBANP HUNTINGTON BANCSHARES - HBAN 4 1/2 PERP 14.85 26.96B
HBAN HUNTINGTON BANCSHARES INC 13.76 24.99B
RF REGIONS FINANCIAL CORP 12.01 22.26B
CFG CITIZENS FINANCIAL GROUP 15.53 20.88B
VLYPN VALLEY NATIONAL BANCORP - VLY 8 1/4 PERP 41.02 14.43B
EWBC EAST WEST BANCORP INC 12.39 14.29B
VLYPO VALLEY NATIONAL BANCORP - VLY 8.43172 PERP 40.05 14.09B
VLYPP VALLEY NATIONAL BANCORP - VLY 6 1/4 PERP 39.78 13.99B

About IBCP

Company Profile

IBCP logo image Independent Bank Corp. operates as a bank holding company, which engages in the provision of financial services. The company is headquartered in Grand Rapids, Michigan and currently employs 741 full-time employees. The Bank provides a full range of financial services, including commercial banking, mortgage lending, investments, and insurance. The company offers a broad range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. Its principal markets are the rural and suburban communities across Lower Michigan, which are served by the bank's main office in Grand Rapids, Michigan, and a total of 56 branches, two drive-thru facilities, and five Michigan-based loan production offices. The company also has one loan production facility in Ohio (Fairlawn). The bank's branches provide full-service lobby and drive-thru services, as well as automatic teller machines (ATMs). In addition, it also provides Internet and mobile banking capabilities to its customers.

Company Info

INDEPENDENT BANK CORP - MICH

4200 E Beltline Ave

Grand Rapids MICHIGAN 49525 US

CEO: William B. Kesse

Employees: 787

Company Website: https://ir.independentbank.com/

Investor Relations: https://ir.independentbank.com

Phone: 18003550641

IBCP FAQ

What is the stock price of IBCP?

The current stock price of IBCP is 35.77 USD.


What is the symbol for INDEPENDENT BANK CORP - MICH stock?

The exchange symbol of INDEPENDENT BANK CORP - MICH is IBCP and it is listed on the Nasdaq exchange.


On which exchange is IBCP stock listed?

IBCP stock is listed on the Nasdaq exchange.


Is IBCP a good stock to buy?

Always make your own analysis. On these pages you can find a full technical and fundamental analysis report for IBCP, which may be a starting point for your analysis. You can also find the financials, news, analyst ratings and estimates here, which can be used to increase your understanding of IBCP.


Does IBCP stock pay dividends?

IBCP has a dividend yield of 2.92%. The yearly dividend amount is currently 0.92.


What is the Price/Earnings (PE) ratio of IBCP?

The PE ratio for IBCP is 11.32. This is based on the reported non-GAAP earnings per share of 3.16 and the current share price of 35.77 USD.


What is the Short Interest ratio of IBCP stock?

The outstanding short interest for IBCP is 0.44% of its float.


IBCP Technical Analysis

ChartMill assigns a technical rating of 5 / 10 to IBCP. When comparing the yearly performance of all stocks, IBCP is one of the better performing stocks in the market, outperforming 83.39% of all stocks.


Chartmill TA Rating
Chartmill Setup Rating

IBCP Fundamental Analysis

ChartMill assigns a fundamental rating of 4 / 10 to IBCP. IBCP has a medium profitability rating, but doesn't score so well on its financial health evaluation.


Chartmill FA Analysis
Valuation
Growth
Profitability
Health
Dividend

IBCP Financial Highlights

Over the last trailing twelve months IBCP reported a non-GAAP Earnings per Share(EPS) of 3.16. The EPS increased by 13.04% compared to the year before.


Industry RankSector Rank
PM (TTM) 29.26%
ROA 1.18%
ROE 13.72%
Debt/Equity 0.18
Chartmill High Growth Momentum
EPS Q2Q%32.54%
Sales Q2Q%54.5%
EPS 1Y (TTM)13.04%
Revenue 1Y (TTM)6.35%

IBCP Ownership and Analysts

ChartMill assigns a Buy % Consensus number of 50% to IBCP. The Buy consensus is the average rating of analysts ratings from 10 analysts.

For the next year, analysts expect an EPS growth of -0.31% and a revenue growth 6.01% for IBCP


Ownership
Inst Owners84.19%
Ins Owners1.96%
Short Float %0.44%
Short Ratio0.98
Analysts
Analysts50
Price Target38.76 (8.36%)
EPS Next Y-0.31%
Revenue Next Year6.01%