Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses.
Independent Bank stock last closed at $25.30, up 3.31% from the previous day, and has increased 46.16% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.31 percentage points. Independent Bank stock is currently +69.8% from its 52-week low of $14.90, and -7.63% from its 52-week high of $27.39.
As of Apr 23, 2024, there are 20.91M IBCP shares outstanding. The market cap of IBCP is $528.91M. In the past 24 hours, 56,773 IBCP shares were traded.
You will need a brokerage account to access the NASDAQ market and buy IBCP stock.
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Open eToro AccountNow that you've picked the best brokerage, you need to fill out some personal details so you can invest in IBCP today.
Now that you've filled out your info on stock market apps, your next step is to transfer the money for your investment:
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Once you have figured out the best place to buy Independent Bank stock, it's very important to evaluate their stock prior to investing, so you can wrap your head around the risk and opportunity.
WallStreetZen was built to help part-time investors do more accurate fundamental analysis.
You can see all of the due diligence checks on IBCP's stock page.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge IBCP's intrinsic value.
Using relative valuations metrics:
You can access more valuation research on IBCP's stock here.
You can dive deeper into what analysts are forecasting on the Independent Bank stock forecast page.
Last year, IBCP earnings were $59.07M. Over the last 5 year, IBCP's earnings have gone up by 10.65% per year. This was slower than the Banks - Regional industry average of 16.34%.
Last year, IBCP revenue was $200.80M. During the past 5 year, IBCP's revenue has increased by 5.1% per year. This was slower than the Banks - Regional industry average of 7.34%.
Learn more about IBCP's earnings and revenue performance here.
In the past 12 months, insiders at IBCP have sold more shares than they have bought.
William J. Boer, Director of IBCP, was the latest IBCP insider to buy. They bought $9,278.10 worth of IBCP shares on Apr 1, 2024.
Learn more about who owns IBCP stock here.
Independent Bank pays a dividend of 3.68%, compared to the Banks - Regional industry's average dividend yield of 3.82%. If you owned $1,000 of IBCP stock, you would have received $36.76 in the past year.
Independent Bank dividend payments have consistently grown over the past decade and have remained stable.
Dig into more info about Independent Bank dividend yield and history here.
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You have two primary options:
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Now that you own some IBCP shares, you'll want to keep up with your investment.
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To summarize, here are the 6 steps to buy Independent Bank stock:
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