Independent Bank Corp. (Michigan) (IBCP)

22.80
NASDAQ : Finance
Prev Close 22.92
Day Low/High 22.76 / 22.95
52 Wk Low/High 20.18 / 27.10
Avg Volume 117.00K
Exchange NASDAQ
Shares Outstanding 24.11M
Market Cap 552.51M
EPS 1.00
P/E Ratio 16.98
Div & Yield 0.60 (2.61%)

Latest News

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.

Notable Two Hundred Day Moving Average Cross - IBCP

In trading on Monday, shares of Independent Bank Corporation crossed below their 200 day moving average of $19.89, changing hands as low as $19.75 per share. Independent Bank Corporation shares are currently trading off about 1.2% on the day.

Ex-Div Reminder for Independent Bank Corporation (IBCP)

Looking at the universe of stocks we cover at Dividend Channel, on 5/4/17, Independent Bank Corporation will trade ex-dividend, for its quarterly dividend of $0.10, payable on 5/15/17. As a percentage of IBCP's recent stock price of $22.75, this dividend works out to approximately 0.44%.

Independent Bank Corporation (IBCP) Passes Through 2% Yield Mark

Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Independent Bank Corporation were yielding above the 2% mark based on its quarterly dividend (annualized to $0.40), with the stock changing hands as low as $19.98 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return.

TheStreet Quant Rating: A- (Buy)