Independent Bank Stock Today
| IBCP Stock | USD 33.27 0.27 0.81% |
PerformanceVery Weak
| Odds Of DistressLow
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Independent Bank is selling at 33.27 as of the 27th of February 2025; that is 0.81% down since the beginning of the trading day. The stock's last reported lowest price was 32.91. Independent Bank has only a 8 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 28th of January 2025 and ending today, the 27th of February 2025. Click here to learn more.
Business Domain Banks | IPO Date 2nd of January 2001 | Category Financial Services | Classification Financials |
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan. Independent operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. The company has 20.9 M outstanding shares of which 97.3 K shares are currently shorted by private and institutional investors with about 0.68 trading days to cover. More on Independent Bank
Moving together with Independent Stock
| 0.9 | AX | Axos Financial | PairCorr |
| 0.95 | BY | Byline Bancorp | PairCorr |
| 0.65 | KB | KB Financial Group | PairCorr |
| 0.88 | PB | Prosperity Bancshares | PairCorr |
Moving against Independent Stock
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Independent Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO President | William CPA | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Regional Banks, Banks - Regional, Financial Services, NASDAQ Composite, NASDAQ Composite Total, Financials, Banks, Banks—Regional, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial Strength
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Debt LevelsIndependent Bank can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Independent Bank's financial leverage. It provides some insight into what part of Independent Bank's total assets is financed by creditors.
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Independent Bank (IBCP) is traded on NASDAQ Exchange in USA. It is located in 4200 East Beltline, Grand Rapids, MI, United States, 49525 and employs 13 people. Independent Bank is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 700.42 M. Independent Bank conducts business under Banks sector and is part of Financials industry. The entity has 20.9 M outstanding shares of which 97.3 K shares are currently shorted by private and institutional investors with about 0.68 trading days to cover.
Independent Bank currently holds about 70.63 M in cash with 75.59 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.35.
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Ownership AllocationIndependent Bank has a total of 20.9 Million outstanding shares. The majority of Independent Bank outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Independent Bank to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Independent Bank. Please pay attention to any change in the institutional holdings of Independent Bank as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Independent Ownership Details
Independent Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Manufacturers Life Insurance Co | 2024-12-31 | 403.9 K | |
| Nuveen Asset Management, Llc | 2024-09-30 | 349.9 K | |
| Boston Partners Global Investors, Inc | 2024-12-31 | 348 K | |
| Principal Financial Group Inc | 2024-12-31 | 337.1 K | |
| Allspring Global Investments Holdings, Llc | 2024-12-31 | 319.5 K | |
| Pl Capital Advisors, Llc | 2024-12-31 | 319 K | |
| Hotchkis & Wiley Capital Management Llc | 2024-12-31 | 289.3 K | |
| Goldman Sachs Group Inc | 2024-12-31 | 286.1 K | |
| Acadian Asset Management Llc | 2024-12-31 | 226.7 K | |
| Blackrock Inc | 2024-12-31 | 2.9 M | |
| Vanguard Group Inc | 2024-12-31 | 1.2 M |
Independent Bank Historical Income Statement
Independent Stock Against Markets
Independent Bank Corporate Management
| Stefanie Kimball | Chief Risk Officer and Executive VP | Profile | |
| CPA CPA | CEO Pres | Profile | |
| Mark Olsen | VP Mang | Profile | |
| Keith Lightbody | Officer Bank | Profile |
Additional Tools for Independent Stock Analysis
When running Independent Bank's price analysis, check to measure Independent Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independent Bank is operating at the current time. Most of Independent Bank's value examination focuses on studying past and present price action to predict the probability of Independent Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independent Bank's price. Additionally, you may evaluate how the addition of Independent Bank to your portfolios can decrease your overall portfolio volatility.