Independent Bank Corp. (Michigan) (IBCP)

21.65
NASDAQ : Finance
Prev Close 21.48
Day Low/High 21.54 / 21.76
52 Wk Low/High 20.18 / 26.00
Avg Volume 111.40K
Exchange NASDAQ
Shares Outstanding 23.47M
Market Cap 504.20M
EPS 1.70
P/E Ratio 13.02
Div & Yield 0.72 (3.08%)

Latest News

IBCP: Insiders Vs. Shorts

IBCP: Insiders Vs. Shorts

The most recent short interest data was recently released for the 02/28/2019 settlement date, and Independent Bank Corporation is one of the most shorted stocks of the Russell 3000, based on 8.01 "days to cover" versus the median component at 4.57. There are a number of ways to look at short data, but one metric that we find particularly useful is the "days to cover" because it considers both the total shares short and the average daily volume of shares typically traded.

Cash Dividend On The Way From Independent Bank (IBCP)

Cash Dividend On The Way From Independent Bank (IBCP)

Looking at the universe of stocks we cover at Dividend Channel, on 2/4/19, Independent Bank Corporation will trade ex-dividend, for its quarterly dividend of $0.18, payable on 2/15/19. As a percentage of IBCP's recent stock price of $22.11, this dividend works out to approximately 0.81%, so look for shares of Independent Bank Corporation to trade 0.81% lower — all else being equal — when IBCP shares open for trading on 2/4/19.

Insiders Bullish On Certain Holdings Of DWAS

Insiders Bullish On Certain Holdings Of DWAS

A look at the weighted underlying holdings of the Invesco DWA SmallCap Momentum ETF (DWAS) shows an impressive 10.7% of holdings on a weighted basis have experienced insider buying within the past six months. START SLIDESHOW:10 ETFs With Stocks That Insiders Are Buying » Independent Bank Corporation , which makes up 1.17% of the Invesco DWA SmallCap Momentum ETF (DWAS), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data.

IBCP: Insiders Vs. Shorts

IBCP: Insiders Vs. Shorts

The most recent short interest data was recently released for the 11/30/2018 settlement date, and Independent Bank Corporation is one of the most shorted stocks of the Russell 3000, based on 5.58 "days to cover" versus the median component at 5.06. There are a number of ways to look at short data, but one metric that we find particularly useful is the "days to cover" because it considers both the total shares short and the average daily volume of shares typically traded.

Snatch This Bargain Even Cheaper Than Executive Vice President Ervin Did

Snatch This Bargain Even Cheaper Than Executive Vice President Ervin Did

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on October 29, Independent Bank Corporation 's Executive Vice President, Patrick J.

IBCP Ex-Dividend Reminder - 11/2/18

IBCP Ex-Dividend Reminder - 11/2/18

Looking at the universe of stocks we cover at Dividend Channel, on 11/2/18, Independent Bank Corporation will trade ex-dividend, for its quarterly dividend of $0.15, payable on 11/15/18. As a percentage of IBCP's recent stock price of $22.94, this dividend works out to approximately 0.65%, so look for shares of Independent Bank Corporation to trade 0.65% lower — all else being equal — when IBCP shares open for trading on 11/2/18.

IBCP Crosses Below Key Moving Average Level

IBCP Crosses Below Key Moving Average Level

In trading on Thursday, shares of Independent Bank Corporation crossed below their 200 day moving average of $24.22, changing hands as low as $24.15 per share. Independent Bank Corporation shares are currently trading down about 1% on the day.

IBCP Ex-Dividend Reminder - 8/3/18

IBCP Ex-Dividend Reminder - 8/3/18

Looking at the universe of stocks we cover at Dividend Channel, on 8/3/18, Independent Bank Corporation will trade ex-dividend, for its quarterly dividend of $0.15, payable on 8/15/18. As a percentage of IBCP's recent stock price of $24.52, this dividend works out to approximately 0.61%, so look for shares of Independent Bank Corporation to trade 0.61% lower — all else being equal — when IBCP shares open for trading on 8/3/18.

IBCP Ex-Dividend Reminder - 5/4/18

Looking at the universe of stocks we cover at Dividend Channel, on 5/4/18, Independent Bank Corporation will trade ex-dividend, for its quarterly dividend of $0.15, payable on 5/15/18. As a percentage of IBCP's recent stock price of $23.80, this dividend works out to approximately 0.63%, so look for shares of Independent Bank Corporation to trade 0.63% lower — all else being equal — when IBCP shares open for trading on 5/4/18.

Reminder - Independent Bank (IBCP) Goes Ex-Dividend Soon

Reminder - Independent Bank (IBCP) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 2/6/18, Independent Bank Corporation will trade ex-dividend, for its quarterly dividend of $0.15, payable on 2/15/18. As a percentage of IBCP's recent stock price of $23.40, this dividend works out to approximately 0.64%, so look for shares of Independent Bank Corporation to trade 0.64% lower — all else being equal — when IBCP shares open for trading on 2/6/18.

Independent Bank Breaks Above 200-Day Moving Average - Bullish for IBCP

Independent Bank Breaks Above 200-Day Moving Average - Bullish for IBCP

In trading on Tuesday, shares of Independent Bank Corporation crossed above their 200 day moving average of $21.04, changing hands as high as $21.80 per share. Independent Bank Corporation shares are currently trading up about 4.8% on the day.

Independent Bank Reaches Analyst Target Price

Independent Bank Reaches Analyst Target Price

In recent trading, shares of Independent Bank Corporation have crossed above the average analyst 12-month target price of $21.17, changing hands for $21.20/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.

TheStreet Quant Rating: A- (Buy)