Independent Bank Corporation (IBCP)

NASDAQ: IBCP · IEX Real-Time Price · USD
18.94
+0.34 (1.83%)
Jun 24, 2022 4:00 PM EDT - Market closed
1.83%
Market Cap 398.64M
Revenue (ttm) 204.69M
Net Income (ttm) 58.83M
Shares Out 21.05M
EPS (ttm) 2.71
PE Ratio 6.98
Forward PE 7.14
Dividend $0.86 (4.54%)
Ex-Dividend Date May 4, 2022
Volume 256,870
Open 18.58
Previous Close 18.60
Day's Range 18.58 - 18.94
52-Week Range 17.87 - 26.00
Beta 1.00
Analysts Buy
Price Target 23.46 (+23.9%)
Earnings Date Aug 4, 2022

About IBCP

Independent Bank Corporation operates as the bank 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 machine, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 59 branches, two driv... [Read more...]

Industry Banks
Founded 1864
Employees 866
Stock Exchange NASDAQ
Ticker Symbol IBCP
Full Company Profile

Financial Performance

In 2021, IBCP's revenue was $208.34 million, an increase of 8.57% compared to the previous year's $191.89 million. Earnings were $62.90 million, an increase of 12.01%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for IBCP stock is "Buy." The 12-month stock price forecast is 23.46, which is an increase of 23.86% from the latest price.

Price Target
$23.46
(23.86% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Should Value Investors Buy Independent Bank (IBCP) Stock?

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 the latest v...

Best Income Stocks to Buy for May 25th

PSEC, CIB, and IBCP made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 25, 2022.

Other symbols: CIBPSEC

Here's Why Independent Bank (IBCP) Looks Ripe for Bottom Fishing

After losing some value lately, a hammer chart pattern has been formed for Independent Bank (IBCP), indicating that the stock has found support. This, combined with an upward trend in earnings estimate ...

Best Value Stocks to Buy for May 13th

GEO, OAS, and IBCP made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 13, 2022.

Other symbols: GEOOAS

New Strong Buy Stocks for May 11th

WSM, IBCP, PFS, TTI, and GLAD have been added to the Zacks Rank #1 (Strong Buy) List on May 11, 2022.

Other symbols: GLADPFSTTIWSM

Best Value Stocks to Buy for May 11th

BBSI, WSM, and IBCP made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 11, 2022.

Other symbols: BBSIWSM

Are Investors Undervaluing Independent Bank (IBCP) Right Now?

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 the latest v...

Here's Why Independent Bank (IBCP) is Poised for a Turnaround After Losing 11% in 4 Weeks

Independent Bank (IBCP) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings esti...

Independent Bank (IBCP) Moves to Strong Buy: Rationale Behind the Upgrade

Independent Bank (IBCP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Independent Bank (IBCP) Beats Q1 Earnings and Revenue Estimates

Independent Bank (IBCP) delivered earnings and revenue surprises of 68% and 13.42%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Independent Bank Corporation Reports 2022 First Quarter Results

GRAND RAPIDS, Mich., April 26, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported first quarter 2022 net income of $18.0 million, or $0.84 per diluted share, versus net income...

Is a Surprise Coming for Independent Bank (IBCP) This Earnings Season?

Independent Bank (IBCP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is Independent Bank (IBCP) Stock Undervalued Right Now?

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 the latest v...

Independent Bank (IBCP) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

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.

Independent Bank Corporation Announces Quarterly Cash Dividend On Common Stock

GRAND RAPIDS, Mich., April 19, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Bo...

Independent Bank Corporation Announces Date for Its First Quarter 2022 Earnings Release

GRAND RAPIDS, Mich., March 25, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects t...

Best Income Stocks to Buy for March 14th

BAK, IBCP, and AUB made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 14, 2022.

Other symbols: AUBBAK

Best Income Stocks to Buy for February 18th

CIVI, IBCP, and HAFC made it to the Zacks Rank #1 (Strong Buy) income stocks list on February 18, 2022

Other symbols: CIVIHAFC

Independent Bank (IBCP) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

Independent Bank (IBCP) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mea...

Independent Bank (IBCP) Q4 Earnings and Revenues Miss Estimates

Independent Bank (IBCP) delivered earnings and revenue surprises of -9.38% and 1.20%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Independent Bank Corporation Reports 2021 Fourth Quarter and Full Year Results

GRAND RAPIDS, Mich., Jan. 27, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported fourth quarter 2021 net income of $12.5 million, or $0.58 per diluted share, versus net income...

Independent Bank Corporation Announces 5% Increase in Quarterly Cash Dividend on Common Stock

GRAND RAPIDS, Mich., Jan. 24, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Boa...

Earnings Preview: Independent Bank (IBCP) Q4 Earnings Expected to Decline

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.

Independent Bank Corporation Announces Date for Its Fourth Quarter 2021 Earnings Release

GRAND RAPIDS, Mich., Dec. 30, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to...

Independent Bank Corporation Announces the Adoption of its 2022 Share Repurchase Plan

GRAND RAPIDS, Mich., Dec. 20, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its Board of ...