Independent Bank Corporation (IBCP)
| Market Cap | 450.82M |
| Revenue (ttm) | 216.53M |
| Net Income (ttm) | 71.00M |
| Shares Out | 21.52M |
| EPS (ttm) | 3.21 |
| PE Ratio | 6.52 |
| Forward PE | 9.59 |
| Dividend | $0.82 (3.91%) |
| Ex-Dividend Date | Aug 5, 2021 |
| Volume | 61,730 |
| Open | 20.61 |
| Previous Close | 20.38 |
| Day's Range | 20.45 - 21.14 |
| 52-Week Range | 11.64 - 24.27 |
| Beta | 1.13 |
| Analysts | Hold |
| Price Target | 24.00 (+14.6%) |
| Est. Earnings Date | Oct 26, 2021 |
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...
Financial Performance
In 2020, IBCP's revenue was $191.89 million, an increase of 13.22% compared to the previous year's $169.49 million. Earnings were $56.15 million, an increase of 20.93%.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for IBCP stock is "Hold." The 12-month stock price forecast is 24.00, which is an increase of 14.56% from the latest price.
News
How Independent Bank (IBCP) Stock Stands Out in a Strong Industry
Independent Bank (IBCP) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Independent Bank (IBCP) Misses Q2 Earnings and Revenue Estimates
Independent Bank (IBCP) delivered earnings and revenue surprises of -20.00% and -4.13%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
Independent Bank Corporation Reports 2021 Second Quarter Results
GRAND RAPIDS, Mich., July 29, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported second quarter 2021 net income of $12.4 million, or $0.56 per diluted share, versus net income...
Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock
GRAND RAPIDS, Mich., July 27, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Boa...
Independent Bank (IBCP) Reports Next Week: Wall Street Expects Earnings Growth
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 Date for its Second Quarter 2021 Earnings Release
GRAND RAPIDS, Mich., July 12, 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 (IBCP) Beats Q1 Earnings and Revenue Estimates
Independent Bank (IBCP) delivered earnings and revenue surprises of 75.44% and 21.78%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
Independent Bank Corporation Reports 2021 First Quarter Results
GRAND RAPIDS, Mich., April 27, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported first quarter 2021 net income of $22.0 million, or $1.00 per diluted share, versus net income...
Why Earnings Season Could Be Great for Independent Bank (IBCP)
Independent Bank (IBCP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock
GRAND RAPIDS, Mich., April 20, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Bo...
Should Value Investors Now Independent Bank's (IBCP) Stock?
Let's see if Independent Bank (IBCP) stock is a good choice for value-oriented investors right now from multiple angles.
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...
Independent Bank Corporation Announces Date For Its First Quarter 2021 Earnings Release
GRAND RAPIDS, Mich., March 30, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects t...
Top Ranked Income Stocks to Buy for March 30th
Top Ranked Income Stocks to Buy for March 30th
Earnings Estimates Rising for Independent Bank (IBCP): Will It Gain?
Independent Bank (IBCP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Top Ranked Income Stocks to Buy for March 1st
Top Ranked Income Stocks to Buy for March 1st
Top Ranked Income Stocks to Buy for February 19th
Top Ranked Income Stocks to Buy for February 19th
Independent Bank (IBCP) Q4 Earnings and Revenues Beat Estimates
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 stock?
Independent Bank Corporation Reports 2020 Fourth Quarter and Full Year Results
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 net income...
Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock
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 today its Boa...
Top Ranked Income Stocks to Buy for December 28th
Top Ranked Income Stocks to Buy for December 28th
Independent Bank (IBCP) to Buy Back Shares: Is it Worth a Look?
Independent Bank's (IBCP) board of directors authorizes the repurchase of up to 1,100,000 shares of the company's common stock.
Independent Bank Corporation Announces the Adoption of its 2021 Share Repurchase Plan
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 Board of ...
Top Ranked Income Stocks to Buy for December 18th
Top Ranked Income Stocks to Buy for December 18th
Top Ranked Income Stocks to Buy for December 16th
Top Ranked Income Stocks to Buy for December 16th