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Independent Bank Corp-MI

Closed

SectorFinance

37.31 0.87

Overview

Share price change

24h

Current

Min

37.09

Max

37.39

Key metrics

By Trading Economics

Income

1.9M

19M

Sales

8M

83M

P/E

Sector Avg

10.577

21.623

EPS

0.9

Dividend yield

2.93

Profit margin

22.759

Employees

735

EBITDA

2.5M

25M

Recommendations

By TipRanks

Recommendations

Neutral

12 Months Forecast

+7.92% upside

Dividends

By Acuity

Dividend yield

Sector Avg

2.93%

4.44%

Next Earnings

27 Oct 2026

Next Dividend date

13 Nov 2026

Next Ex Dividend date

3 Nov 2026

Market Stats

By TradingEconomics

Market Cap

60M

810M

Previous open

36.44

Previous close

37.31

News Sentiment

By Acuity

50%

50%

190 / 436 Finance

Independent Bank Corp-MI Chart

Past performance is not a reliable indicator of future results.

Related News

3 Sept 2026, 19:37 UTC

Correlated Moves

Independent Bank Corp shares are higher, supported by easing interest rate concerns and a positive trend in the regional banking sector.

1 Sept 2026, 20:08 UTC

Independent Bank Corp shares are lower, reflecting broader market declines amid rising oil prices and inflation concerns ahead of the Federal Reserve's upcoming meeting.

31 Aug 2026, 23:41 UTC

Correlated Moves

Independent Bank Corp shares are higher in after-market trading, reflecting broader market sentiment following comments from Federal Reserve Chair Kevin Warsh on inflation.

28 Aug 2026, 19:56 UTC

Independent Bank Corp shares are higher in Friday's session, maintaining an upward trend since Thursday. No specific news was identified to explain the movement.

27 Aug 2026, 21:01 UTC

Independent Bank Corp shares are trading higher in after-market hours, remaining below their 20-day moving average and near the lower end of their one-month range.

26 Aug 2026, 19:16 UTC

Independent Bank Corp shares are higher today, reflecting a positive market environment despite earlier fluctuations. No specific company news was identified for the move.

24 Aug 2026, 19:16 UTC

Independent Bank Corp shares are lower, continuing a decline since Friday. The stock remains below its 20-day moving average amid no specific news.

21 Aug 2026, 20:14 UTC

Correlated Moves

Independent Bank Corp (Michigan) showed little change in after-hours trading, potentially influenced by Sierra Bancorp's increase and broader market trends.

19 Aug 2026, 20:02 UTC

Correlated Moves

Independent Bank Corp is declining amid downward pressure in the Regional Banks sector, reflecting broader market challenges. Shares earlier rebounded from a session high.

18 Aug 2026, 19:26 UTC

Correlated Moves

Independent Bank Corp shares are lower today, reflecting broader market trends amid rising Treasury yields and investor caution in the financial sector.

17 Aug 2026, 23:42 UTC

Independent Bank Corp (Michigan) shares showed little change in after-market trading. The stock remains above its 20-day moving average amid broader market volatility.

14 Aug 2026, 20:13 UTC

Independent Bank Corp trades roughly flat in after-market hours amid a broader market decline influenced by a surprising drop in U.S. retail sales.

13 Aug 2026, 19:46 UTC

Correlated Moves

IBCP advancing amid positive market sentiment and ETF support.

12 Aug 2026, 22:51 UTC

Independent Bank Corp shares are higher in after-market hours, continuing a positive trend amid favorable sentiment in the regional banking sector and stable consumer prices.

11 Aug 2026, 21:16 UTC

Independent Bank Corp (Michigan) shares showed routine performance in after-market trading, remaining roughly flat since Tuesday's close and near the upper end of their one-month range.

7 Aug 2026, 19:45 UTC

Correlated Moves

Independent Bank Corp is lower today, aligning with a broader decline in the regional banking sector, despite trading above its 20-day moving average.

6 Aug 2026, 21:01 UTC

Independent Bank Corp (Michigan) shares are lower in after-market hours, reflecting a decline since Thursday's close amid rising initial jobless claims.

4 Aug 2026, 20:07 UTC

Event
Correlated Moves

Independent Bank Corp shares are lower today after going ex-dividend for $0.28, amid a broader decline in the regional banking sector.

3 Aug 2026, 19:16 UTC

Correlated Moves

Independent Bank Corp is rising in Monday trading, reflecting positive sentiment. The stock remains above its 20-day moving average amid broader market gains.

29 Jul 2026, 19:37 UTC

Macro Event
Correlated Moves

Independent Bank Corp gains as the Fed maintains interest rates. The stock's performance is also supported by a rise in First Commonwealth Financial.

28 Jul 2026, 20:03 UTC

News

DA Davidson raised Independent Bank Corp's price target to $41.00 from $40.00, contributing to gains in shares during Tuesday's session despite a slight pullback.

27 Jul 2026, 19:46 UTC

Correlated Moves
News

Piper Sandler raised Independent Bank Corp's price target to $42.00 while maintaining a Neutral rating. The stock is trading near unchanged since Friday.

24 Jul 2026, 19:41 UTC

News
Correlated Moves

Independent Bank Corp gains after Keefe, Bruyette & Woods raised its price target to $38.00, despite broader market declines.

21 Jul 2026, 18:46 UTC

Correlated Moves

Independent Bank Corp is experiencing little change as market sentiment improves, driven by renewed interest in AI stocks and upcoming earnings insights.

Peer Comparison

Price change

Independent Bank Corp-MI Forecast

Price Target

By TipRanks

7.92% upside

12 Months Forecast

Average 40.33 USD  7.92%

High 42 USD

Low 38 USD

Based on 4 Wall Street analysts offering 12 month price targets forIndependent Bank Corp-MI - Dist in the last 3 months.

Rating Consensus

By TipRanks

Neutral

4 ratings

1

Buy

3

Hold

0

Sell

Sentiment

By Acuity

190 / 436 Finance

News Sentiment

Neutral

Volatility

Below average

News Volume (RCV)

Below average

Financials

Selling and administration expenses

Operating expenses

Pre-tax profit

Sales

Cost of sales

Gross profit on sales

Interest expense on debt

EBITDA

Operating profit

$

About Independent Bank Corp-MI

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides commercial banking services to individuals and businesses in rural and suburban communities in Michigan. It offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The company also provides title insurance services and investment services, as well as automatic teller machines, and internet and mobile banking services. In addition, it operates through branches, drive-thru facilities, and loan production offices. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
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