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Independent Bank Corporation (IBCP)

Stock Price: $21.19 USD 0.52 (2.52%)
Updated Mar 1, 2021 10:41 AM EST - Market open
Market Cap 451.72M
Revenue (ttm) 184.65M
Net Income (ttm) 53.05M
Shares Out 21.88M
EPS (ttm) 2.53
PE Ratio 8.38
Forward PE 9.52
Dividend $0.80
Dividend Yield 3.78%
Trading Day March 1
Last Price $21.19
Previous Close $20.67
Change ($) 0.52
Change (%) 2.52%
Day's Open 21.26
Day's Range 20.57 - 21.31
Day's Volume 7,439
52-Week Range 8.73 - 21.68

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Zacks Investment Research - 1 week ago

Top Ranked Income Stocks to Buy for February 19th

Other stocks mentioned: AMNB, BCBP, FISI
Zacks Investment Research - 1 month ago

Independent Bank (IBCP) delivered earnings and revenue surprises of 24.19% and 5.87%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the st...

GlobeNewsWire - 1 month ago

GRAND RAPIDS, Mich., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported fourth quarter 2020 net income of $17.0 million, or $0.77 per diluted share, versus ...

GlobeNewsWire - 1 month ago

GRAND RAPIDS, Mich., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that tod...

Zacks Investment Research - 2 months ago

Top Ranked Income Stocks to Buy for December 28th

Other stocks mentioned: ASB, DCP
Zacks Investment Research - 2 months ago

Independent Bank's (IBCP) board of directors authorizes the repurchase of up to 1,100,000 shares of the company's common stock.

GlobeNewsWire - 2 months ago

GRAND RAPIDS, Mich., Dec. 22, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its...

Zacks Investment Research - 2 months ago

Top Ranked Income Stocks to Buy for December 18th

Other stocks mentioned: SSB, VGR, WLKP
Zacks Investment Research - 2 months ago

Top Ranked Income Stocks to Buy for December 16th

Other stocks mentioned: ABR, BANR, BOKF
Zacks Investment Research - 2 months ago

Low mortgage rates, falling provisions, vaccine news and hopes of stimulus aid bode well for banks, making it wise to invest in names like BOK Financial (BOKF) and First Hawaiian (FHB).

Other stocks mentioned: ABTX, BNTX, BOKF, BWFG, FHB
GlobeNewsWire - 2 months ago

GRAND RAPIDS, Mich., Dec. 01, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it ...

Zacks Investment Research - 3 months ago

Independent Bank (IBCP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Zacks Investment Research - 3 months ago

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to th...

Zacks Investment Research - 3 months ago

Top Ranked Value Stocks to Buy for November 11th

Other stocks mentioned: CNDT, KOP, UNFI
Zacks Investment Research - 3 months ago

Top Ranked Value Stocks to Buy for November 6th

Other stocks mentioned: BHF, COOP, GEO
Zacks Investment Research - 3 months ago

Top Ranked Value Stocks to Buy for November 4th

Other stocks mentioned: BSVN, MRBK, SPFI
Zacks Investment Research - 3 months ago

We have narrowed down our search to five small-cap stocks that popped more than 15% in October. These include HomeStreet (HMST), Haverty Furniture (HVT), Independent Bank (IBCP), Ethan Allen (...

Other stocks mentioned: ETH, HMST, HVT, SPFI
Seeking Alpha - 4 months ago

Independent Bank Corporation (IBCP) CEO Brad Kessel on Q3 2020 Results - Earnings Call Transcript

Zacks Investment Research - 4 months ago

Independent Bank (IBCP) delivered earnings and revenue surprises of 85.42% and 25.75%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the ...

GlobeNewsWire - 4 months ago

GRAND RAPIDS, Mich., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported third quarter 2020 net income of $19.6 million, or $0.89 per diluted share, versus n...

Zacks Investment Research - 4 months ago

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to th...

GlobeNewsWire - 4 months ago

GRAND RAPIDS, Mich., Oct. 23, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its...

GlobeNewsWire - 4 months ago

GRAND RAPIDS, Mich., Oct. 20, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that tod...

Zacks Investment Research - 4 months ago

Independent Bank (IBCP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks Investment Research - 4 months ago

Bank loan defaults and nonpayment are likely to have declined in the third quarter. Moreover, uptick in corporate borrowings and an array of IPOs must have boosted banks' profit margins.

Other stocks mentioned: CIVB, FFBC, MRBK, TBBK
Zacks Investment Research - 4 months ago

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to th...

Zacks Investment Research - 5 months ago

Independent Bank (IBCP) appears to be a promising buy right now, riding on organic growth, earnings strength and steady capital-deployment activities.

GlobeNewsWire - 6 months ago

GRAND RAPIDS, Mich., Aug. 28, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that i...

Zacks Investment Research - 6 months ago

Independent Bank (IBCP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

GlobeNewsWire - 6 months ago

GRAND RAPIDS, Mich., Aug. 21, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that G...

Zacks Investment Research - 6 months ago

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to th...

Seeking Alpha - 7 months ago

Independent Bank Corporation (IBCP) CEO Brad Kessel on Q2 2020 Results - Earnings Call Transcript

Benzinga - 7 months ago

Shares of Independent Bank (NASDAQ:IBCP) rose 1.7% after the company reported Q2 results.

Zacks Investment Research - 7 months ago

Independent Bank (IBCP) delivered earnings and revenue surprises of 204.55% and 9.43%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

GlobeNewsWire - 7 months ago

GRAND RAPIDS, Mich., July 28, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported second quarter 2020 net income of $14.8 million, or $0.67 per diluted share, versu...

Seeking Alpha - 7 months ago

Independent Bank Corp. (INDB) CEO Christopher Oddleifson on Q2 2020 Results - Earnings Call Transcript

Zacks Investment Research - 7 months ago

Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 1.33% and -4.42%, respectively, for the quarter ended June 2020.

Zacks Investment Research - 7 months ago

Independent Bank (IBCP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks Investment Research - 7 months ago

Independent Bank Corp. (INDB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report.

GlobeNewsWire - 7 months ago

GRAND RAPIDS, Mich., July 06, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that i...

Zacks Investment Research - 8 months ago

Let's see if Independent Bank (IBCP) stock is a good choice for value-oriented investors right now from multiple angles.

The Motley Fool - 8 months ago

The loan program is designed to reach businesses that have 15,000 employees or fewer, or that make annual revenue of less than $5 billion.

GlobeNewsWire - 9 months ago

GRAND RAPIDS, Mich., May 27, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) (the "Company"), the holding company of Independent Bank, a Michigan-based community bank, a...

Seeking Alpha - 9 months ago

Independent Bank Corporation (IBCP) CEO Brad Kessel on Q1 2020 Results - Earnings Call Transcript

Zacks Investment Research - 10 months ago

Independent Bank (IBCP) delivered earnings and revenue surprises of -40.00% and -4.22%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Benzinga - 10 months ago

Shares of Independent Bank (NASDAQ:IBCP) remained unaffected at $16.25 after the company reported Q1 results.

Zacks Investment Research - 10 months ago

Independent Bank Corp. (INDB) delivered earnings and revenue surprises of -31.58% and -2.39%, respectively, for the quarter ended March 2020.

Zacks Investment Research - 10 months ago

Independent Bank (IBCP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks Investment Research - 10 months ago

Independent Bank Corp. (INDB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.

Zacks Investment Research - 11 months ago

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank (IBCP) have what it takes?

About IBCP

Independent Bank Corporation operates as the holding company for Independent Bank that provides various banking services to individuals and businesses. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machines, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 66 branches, two drive-th... [Read more...]

Industry
Banks-Regional
Founded
1864
CEO
William Bradford Kessel CPA
Stock Exchange
NASDAQ
Ticker Symbol
IBCP
Full Company Profile

Financial Performance

In 2019, IBCP's revenue was $169.49 million, an increase of 8.24% compared to the previous year's $156.59 million. Earnings were $46.44 million, an increase of 16.56%.

Financial Statements

Analyst Forecasts

According to 6 analysts, the average rating for IBCP stock is "Hold." The 12-month stock price forecast is 21.30, which is an increase of 0.52% from the latest price.

Price Target
$21.30
(0.52% upside)
Analyst Consensus: Hold