Research Analysts Set Expectations for IBCP Q2 Earnings

Independent Bank Co. (NASDAQ:IBCP) – Equities researchers at DA Davidson issued their Q2 2025 earnings per share (EPS) estimates for shares of Independent Bank in a report released on Friday, April 25th. DA Davidson analyst P. Winter anticipates that the financial services provider will post earnings of $0.77 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $39.00 price target on the stock. The consensus estimate for Independent Bank’s current full-year earnings is $3.22 per share. DA Davidson also issued estimates for Independent Bank’s FY2025 earnings at $3.15 EPS and FY2026 earnings at $3.48 EPS.

Separately, Keefe, Bruyette & Woods cut their price objective on shares of Independent Bank from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Friday.

Independent Bank Trading Up 0.5 %

Shares of IBCP opened at $31.04 on Monday. Independent Bank has a fifty-two week low of $22.53 and a fifty-two week high of $40.32. The stock has a fifty day moving average of $31.03 and a two-hundred day moving average of $34.04. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $651.00 million, a PE ratio of 9.82 and a beta of 0.85.

Independent Bank (NASDAQ:IBCP) last announced its earnings results on Thursday, April 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.04. The firm had revenue of $54.11 million during the quarter, compared to the consensus estimate of $46.25 million. Independent Bank had a net margin of 20.67% and a return on equity of 15.43%.

Institutional Investors Weigh In On Independent Bank

Institutional investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC lifted its holdings in shares of Independent Bank by 1.4% during the 1st quarter. SummerHaven Investment Management LLC now owns 29,010 shares of the financial services provider’s stock valued at $893,000 after acquiring an additional 395 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Independent Bank by 69.5% in the first quarter. SG Americas Securities LLC now owns 25,324 shares of the financial services provider’s stock worth $780,000 after buying an additional 10,384 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of Independent Bank by 23.8% in the first quarter. Wedge Capital Management L L P NC now owns 24,129 shares of the financial services provider’s stock valued at $743,000 after buying an additional 4,643 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Independent Bank by 51,388.9% during the 1st quarter. GAMMA Investing LLC now owns 9,268 shares of the financial services provider’s stock valued at $301,000 after buying an additional 9,250 shares during the period. Finally, Versant Capital Management Inc lifted its position in Independent Bank by 408.6% during the 1st quarter. Versant Capital Management Inc now owns 890 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 715 shares in the last quarter. 79.43% of the stock is currently owned by hedge funds and other institutional investors.

Independent Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Monday, May 5th. Independent Bank’s dividend payout ratio (DPR) is presently 32.91%.

Independent Bank Company Profile

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.