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Independent Bank Corporation (IBCP)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
24.55-0.10 (-0.41%)
As of 11:07AM EST. Market open.
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Previous Close24.65
Open24.72
Bid24.49 x 800
Ask24.69 x 900
Day's Range24.50 - 24.66
52 Week Range14.90 - 27.39
Volume8,030
Avg. Volume86,311
Market Cap511.514M
Beta (5Y Monthly)0.99
PE Ratio (TTM)8.80
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.96 (3.89%)
Ex-Dividend DateFeb 02, 2024
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Undervalued
23% Est. Return

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  • GlobeNewswire

    Independent Bank Corporation Reports 2023 Fourth Quarter Results

    Fourth Quarter Highlights Highlights for the fourth quarter of 2023 include: An increase in net interest income of $0.7 million (1.7%) over the third quarter of 2023;An increase in book value and tangible book value per share of $1.42 and $1.43 respectively;Net growth in loans of $49.4 million (or 5.2% annualized) from September 30, 2023; andThe payment of a 23 cent per share dividend on common stock on November 13, 2023. GRAND RAPIDS, Mich., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Independent Bank Co

  • GlobeNewswire

    Independent Bank Corporation Announces 4% Increase in Quarterly Cash Dividend on Common Stock

    GRAND RAPIDS, Mich., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Board of Directors declared a quarterly cash dividend on its common stock of 24 cents 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.

  • GlobeNewswire

    Independent Bank Corporation Announces Date for Its Fourth Quarter 2023 Earnings Release

    GRAND RAPIDS, Mich., Dec. 22, 2023 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2023 fourth quarter results on Thursday, January 25, 2024, at approximately 8:00 am ET. The release will be available on the Internet at IndependentBank.com within the “News” section of the “Investor Relations” area of the Company’s website. Brad Kessel, President and CEO, Gavin Mohr, C