Independent Bank- Mich Share Price Today
(NASDAQ: IBCP)

Name: Independent Bank- Mich Share Price Today (NASDAQ: IBCP) - Independent Bank- Mich Stock Price Live Quote | INDmoney
Brand: INDmoney
Rating: 4.7 (371551 reviews)

Independent Bank- Mich share price is $32.21 & ₹2,801.27 as on 6 Mar 2025, 2.30 'hrs' IST

$32.21

▲

-0.32

(-0.98%)

Market is closed - opens 8 PM, 06 Mar 2025

View live Independent Bank- Mich share price in Dollar and Rupees. Guide to invest in Independent Bank- Mich stock from India, including Indian investor sentiment. Get details on Indian mutual funds investing in Independent Bank- Mich, along with analyst recommendations, forecasts, and comprehensive financials.

Independent Bank- Mich share price movements

Today's Low: $31.96
Today's High: $33.32
$32.21
0.78%
Downside
Day's Volatility :4.07%
Upside
3.32%
52 Weeks Low: $22.53
52 Weeks High: $40.32
$32.21
30.05%
Downside
52 Weeks Volatility :44.12%
Upside
20.11%

Independent Bank- Mich (IBCP) Returns

Period	Independent Bank Corp - Mich	Sector (Financials)	Index (Russel 2000)
3 Months	-14.6%	-1.0%	0.0%
6 Months	-1.9%	11.1%	0.0%
1 Year	31.81%	23.6%	0.0%
3 Years	43.75%	34.1%	-11.6%

Independent Bank- Mich (IBCP) Key Statistics

in dollars & INR

Previous Close	$32.53
Open	$32.51
Today's High	$33.3165
Today's Low	$31.96
Market Capitalization	$704.8M
Today's Volume	$45.9K
52 Week High	$40.32
52 Week Low	$22.53
Revenue TTM	$218.1M
Earnings Per Share (EPS)	$3.16
PE Ratio	10.67
Dividend Yield	3.06%
Profit Margin	30.62%
Quarterly Earnings Growth YOY	0.34%
Return On Equity TTM	15.55%

How to invest in Independent Bank- Mich Stock (IBCP) from India?

It is very easy for Indian residents to invest directly in Independent Bank- Mich from India. Indian investors can open a free US stocks account on the INDmoney app. You can find live prices of the Independent Bank- Mich stock in both Indian Rupees (INR) and US Dollars (USD). Search for Independent Bank- Mich or IBCP on the INDmoney app and click on Buy or SIP. You can invest by choosing quantities of shares of Independent Bank- Mich or rupee/ dollar value or set up a fixed SIP amount to be invested every month or week.

For example: You can easily buy Rs.100 worth of Independent Bank- Mich shares which would translate to 0.027 fractional shares of Independent Bank- Mich as of today. Learn more about fractional investing.

Indians can now also easily transfer and add money to their US stocks account via the INDmoney app. Invest in US Stocks from India, including recognised companies like Independent Bank- Mich, in just a few clicks!

Returns in Independent Bank- Mich (IBCP) for Indian investors in Rupees

The Independent Bank- Mich stock calculator helps Indian investors calculate returns based on the historical performance of the stock. Just choose your investment amount and duration to get insights and invest more confidently. See stock returns as well as the effect of dollar appreciation over different durations.

Investment Value

₹1,00,000

Independent Bank- Mich investment value today

Current value as on today

₹1,35,473

Returns

₹35,473

(+35.47%)

Returns from Independent Bank- Mich Stock

₹30,511 (+30.51%)

Dollar Returns

₹4,963 (+4.96%)

Indian investors sentiment towards Independent Bank- Mich (IBCP)

Period: Feb 3, 2025 to Mar 5, 2025. Change in 30 Days versus previous period

Search interest for Independent Bank- Mich Stock from India on INDmoney has increased by 0% in the last 30 days, reflecting an upward trend in search activity.

Global Institutional Holdings in Independent Bank- Mich

BlackRock Inc
13.70%
Vanguard Group Inc
5.83%
FMR Inc
5.01%
Dimensional Fund Advisors, Inc.
4.53%
State Street Corp
3.23%
FJ Capital Management LLC
3.21%

Analyst Recommendation on Independent Bank- Mich

Hold

0%Buy

66%Hold

33%Sell

Based on 9 Wall street analysts offering stock ratings for Independent Bank- Mich(by analysts ranked 0 to 5 stars)

Based on 9 analyst

Current
1M Ago
3M Ago

Buy

Hold

Sell

Analyst Forecast on Independent Bank- Mich Stock (IBCP)

What analysts predicted

Upside of 18.75%

Target:

$38.25

Current:

$32.21

Insights on Independent Bank- Mich Stock (Ticker Symbol: IBCP)

Price Movement
In the last 1 year, IBCP stock has moved up by 31.9%
Decreasing Revenue
Revenue is down for the last 2 quarters, 78.85M → 77.84M (in $), with an average decrease of 1.3% per quarter
Decreasing Net Profit
Netprofit is down for the last 2 quarters, 18.52M → 13.81M (in $), with an average decrease of 25.5% per quarter
IBCP vs MFG (1 yr)
In the last 1 year, Mizuho Financial Group, Inc. has given 46.6% return, outperforming this stock by 14.7%
IBCP vs MFG (3 yr)
In the last 3 years, Mizuho Financial Group, Inc. has given 117.7% return, outperforming this stock by 78.0%
Price to Sales
ForIBCP every $1 of sales, investors are willing to pay $3.1, whereas for Mizuho Financial Group, Inc., the investors are paying $0.0 for every $1 of sales.

IBCP Independent Bank- Mich Financials in INR & Dollars

	FY18	Y/Y Change
Revenue	$153.0M	↑ 19.13%
Net Income	$39.8M	↑ 94.57%
Net Profit Margin	26.04%	↑ 10.09%

	FY19	Y/Y Change
Revenue	$164.1M	↑ 7.27%
Net Income	$46.4M	↑ 16.56%
Net Profit Margin	28.3%	↑ 2.26%

	FY20	Y/Y Change
Revenue	$197.5M	↑ 20.37%
Net Income	$56.2M	↑ 20.93%
Net Profit Margin	28.43%	↑ 0.13%

	FY21	Y/Y Change
Revenue	$199.0M	↑ 0.77%
Net Income	$62.9M	↑ 12.01%
Net Profit Margin	31.6%	↑ 3.17%

	FY22	Y/Y Change
Revenue	$204.6M	↑ 2.78%
Net Income	$63.4M	↑ 0.73%
Net Profit Margin	30.97%	↓ 0.63%

	FY23	Y/Y Change
Revenue	$200.5M	↓ 1.99%
Net Income	$59.1M	↓ 6.76%
Net Profit Margin	29.46%	↓ 1.51%

	Q2 FY23	Q/Q Change
Revenue	$52.1M	↑ 9.98%
Net Income	$14.8M	↑ 13.85%
Net Profit Margin	28.39%	↑ 0.96%

	Q3 FY23	Q/Q Change
Revenue	$53.4M	↑ 2.51%
Net Income	$17.5M	↑ 18.61%
Net Profit Margin	32.85%	↑ 4.46%

	Q4 FY23	Q/Q Change
Revenue	$79.1M	↑ 48.16%
Net Income	$13.7M	↓ 21.66%
Net Profit Margin	17.37%	↓ 15.48%

	Q1 FY24	Q/Q Change
Revenue	$77.4M	↓ 2.12%
Net Income	$16.0M	↑ 16.36%
Net Profit Margin	20.65%	↑ 3.28%

	Q2 FY24	Q/Q Change
Revenue	$78.9M	↑ 1.82%
Net Income	$18.5M	↑ 15.87%
Net Profit Margin	23.5%	↑ 2.85%

	Q3 FY24	Q/Q Change
Revenue	$77.8M	↓ 1.28%
Net Income	$13.8M	↓ 25.46%
Net Profit Margin	17.74%	↓ 5.76%

	FY18	Y/Y Change
Profit	$153.0M	↑ 19.13%

	FY19	Y/Y Change
Profit	$164.1M	↑ 7.27%

	FY20	Y/Y Change
Profit	$197.5M	↑ 20.37%

	FY21	Y/Y Change
Profit	$199.0M	↑ 0.77%

	FY22	Y/Y Change
Profit	$204.6M	↑ 2.78%

	FY23	Y/Y Change
Profit	$294.6M	↑ 43.99%

	Q2 FY23	Q/Q Change
Profit	$52.1M	↑ 9.98%

	Q3 FY23	Q/Q Change
Profit	$53.4M	↑ 2.51%

	Q4 FY23	Q/Q Change
Profit	$79.1M	↑ 48.16%

	Q1 FY24	Q/Q Change
Profit	$77.2M	↓ 2.45%

	Q2 FY24	Q/Q Change
Profit	$81.6M	↑ 5.77%

	Q3 FY24	Q/Q Change
Profit	$83.2M	↑ 1.94%

	FY18	Y/Y Change
Operating Cash Flow	$44.9M	↑ 16.35%
Investing Cash Flow	$-183.4M	↓ 33.94%
Financing Cash Flow	$154.0M	↓ 26.87%

	FY19	Y/Y Change
Operating Cash Flow	$34.0M	↓ 24.36%
Investing Cash Flow	$-181.6M	↓ 0.94%
Financing Cash Flow	$142.7M	↓ 7.29%

	FY20	Y/Y Change
Operating Cash Flow	$58.2M	↑ 71.2%
Investing Cash Flow	$-553.4M	↑ 204.66%
Financing Cash Flow	$548.6M	↑ 284.4%

	FY21	Y/Y Change
Operating Cash Flow	$110.2M	↑ 89.36%
Investing Cash Flow	$-563.1M	↑ 1.75%
Financing Cash Flow	$443.7M	↓ 19.13%

	FY22	Y/Y Change
Operating Cash Flow	$94.6M	↓ 14.09%
Investing Cash Flow	$-424.6M	↓ 24.59%
Financing Cash Flow	$294.9M	↓ 33.54%

	Q2 FY23	Q/Q Change
Operating Cash Flow	$9.8M	↓ 58.45%
Investing Cash Flow	$-82.4M	↓ 1823.2%
Financing Cash Flow	$-25.2M	↓ 120.31%

Independent Bank- Mich Technicals Summary

Sell

Neutral

Buy

Independent Bank- Mich is currently not in a favorable trading position ( SELL ) according to technical analysis indicators.

Independent Bank- Mich (IBCP) Vs Peers

Company Name	1 Month	6 Month	1 Year	3 Years	5 Years
Independent Bank Corp - Mich	-10.01%	-1.9%	31.81%	43.75%	100.06%
U.s. Bancorp	-4.82%	-2.04%	3.53%	-15.99%	22.82%
Icici Bank Ltd.	-4.2%	-5.19%	4.66%	68.4%	130.58%
Pnc Financial Services Group, Inc.	-8.7%	-0.28%	20.0%	0.98%	82.73%
Truist Financial Corp	-7.64%	1.41%	17.41%	-22.18%	26.8%
Mizuho Financial Group, Inc.	1.43%	35.73%	42.93%	122.83%	154.95%

Company Name	P/E Ratio	P/B Ratio	PEG Ratio	EPS	ROE	ROA	Div Yield	BVPS
Independent Bank Corp - Mich	10.67	10.67	2.33	3.11	0.16	0.01	0.03	21.76
U.s. Bancorp	12.2	12.2	1.12	4.38	0.11	0.01	0.04	33.19
Icici Bank Ltd.	17.65	17.65	0.0	1.5	0.19	0.02	0.01	414.83
Pnc Financial Services Group, Inc.	13.79	13.79	1.83	15.39	0.11	0.01	0.03	122.94
Truist Financial Corp	8.99	NA	1.94	4.06	0.0	0.0	0.04	43.9
Mizuho Financial Group, Inc.	12.0	12.0	0.94	0.0	0.09	0.0	0.03	4168.68

Company Name	Analyst View	Market Cap	5 Years Return %	PE Ratio	Profit Margin
Independent Bank Corp - Mich	Hold	$704.8M	100.06%	10.67	30.62%
U.s. Bancorp	Hold	$72.1B	22.82%	12.2	25.1%
Icici Bank Ltd.	Buy	$98.5B	130.58%	17.65	28.03%
Pnc Financial Services Group, Inc.	Buy	$75.0B	82.73%	13.79	28.36%
Truist Financial Corp	Buy	$59.3B	26.8%	8.99	42.23%
Mizuho Financial Group, Inc.	Buy	$70.9B	154.95%	12.0	23.26%

About Independent Bank- Mich

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.

Organization	Independent Bank- Mich
Employees	0
CEO	Mr. William Bradford Kessel CPA
Industry	Finance

Management People of Independent Bank- Mich

Name	Title
Mr. William Bradford Kessel CPA	President, CEO & Director
Mr. Gavin A. Mohr	CFO, Executive VP, Treasurer & Corporate Secretary
Ms. Stefanie M. Kimball	Executive VP & Chief Risk Officer
Mr. Patrick J. Ervin	Executive Vice President of Mortgage Banking
Mr. Larry Russ Daniel Jr.	Executive Vice President of Operations & Retail Banking
Mr. Christopher Michaels	Chief Operating Officer
Mr. James J. Twarozynski	Senior VP, Chief Accounting Officer & Controller
Ms. Laurinda M. Neve	Senior Vice President of Human Resources
Mr. Joel F. Rahn	Executive VP of Commercial Lending & Chief Lending Officer
Ms. Darcy J. Benjamin	Accounting Officer

Important FAQs about investing in IBCP Stock from India :

What is Independent Bank- Mich share price today?

Independent Bank- Mich share price today stands at $32.21, Open: $32.51 ; Previous Close: $32.53 ; High: $33.32 ; Low: $31.96 ; 52 Week High: $40.32 ; 52 Week Low: $22.53.

The stock opens at $32.51, after a previous close of $32.53. The stock reached a daily high of $33.32 and a low of $31.96, with a 52-week high of $40.32 and a 52-week low of $22.53.

Can Indians buy Independent Bank- Mich shares?

Yes, Indians can invest in the Independent Bank- Mich (IBCP) from India.

With INDmoney, you can buy Independent Bank- Mich at 0 brokerage. The step-by-step process is as follows:

Open your zero cost US Stocks account and zero balance IND linked savings a/c (this can be done in less than 3 minutes)
Transfer funds to your US Stocks account using your IND linked savings a/c (It takes 24 hours excluding Saturday and Sunday). With INDmoney, you get the best INR USD exchange rates.
Once funds are transferred successfully, you can buy Independent Bank- Mich at zero transaction cost.

How can I buy Independent Bank- Mich shares from India?

It is very easy to buy Independent Bank- Mich from India. With INDmoney, you can open a US stocks account in less than 3 minutes. Transfer funds in 24 hours and buy stocks very easily - that too at 0 brokerage. All this is done at 0 account opening & management fee, 0 brokerages, and at the same time you get the best rupee-US dollar exchange rate.

Can Fractional shares of Independent Bank- Mich (IBCP) be purchased?

Yes, you can buy fractional shares of Independent Bank- Mich with INDmoney app.

What are the documents required to start investing in Independent Bank- Mich stocks?

To start investing in Independent Bank- Mich, You will need the following documents:

Proof of Identification (PAN, Aadhaar etc)
Proof of address (Aadhaar, Voter ID etc)

These documents are required as per RBI's guidelines to create your IND linked savings a/c so that you can execute for global fund transfer. The entire process is paperless and can be completed seamlessly.