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Independent Bank upgraded to Outperform from Market Perform at Keefe Bruyette » 11:56
04/01/20
04/01
11:56
04/01/20
11:56
IBCP

Independent Bank

$12.25 /

-0.525 (-4.11%)

Keefe Bruyette analyst…

Keefe Bruyette analyst Damon Del Monte upgraded Independent Bank to Outperform from Market Perform with an $18 price target.

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Over a week ago
Hot Stocks
Independent Bank trading halted, volatility trading pause  15:59
03/18/20
03/18
15:59
03/18/20
15:59
IBCP

Independent Bank

$11.66 /

-3.28 (-21.95%)

 
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Over a month ago
Conference/Events
Independent Bank management to meet with Piper Sandler » 04:55
02/19/20
02/19
04:55
02/19/20
04:55
IBCP

Independent Bank

$21.63 /

-0.38 (-1.73%)

Meetings to be held in…

Meetings to be held in New York on February 18 and in Boston on February 19 hosted by Piper Sandler.

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Conference/Events
Independent Bank management to meet with Piper Sandler » 04:55
02/18/20
02/18
04:55
02/18/20
04:55
IBCP

Independent Bank

$22.01 /

-0.25 (-1.12%)

Meetings to be held in…

Meetings to be held in New York on February 18 and in Boston on February 19 hosted by Piper Sandler.

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Conference/Events
Independent Bank management to meet with Piper Sandler » 09:17
02/12/20
02/12
09:17
02/12/20
09:17
IBCP

Independent Bank

$22.21 /

+0.13 (+0.59%)

Meetings to be held in…

Meetings to be held in New York on February 18 and in Boston on February 19 hosted by Piper Sandler.

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Earnings
Independent Bank reports Q4 EPS 61c, consensus 56c » 08:04
01/23/20
01/23
08:04
01/23/20
08:04
IBCP

Independent Bank

$22.27 /

-0.03 (-0.13%)

William Kessel, the…

William Kessel, the President and CEO of Independent Bank Corporation, commented: "We are very pleased with our fourth quarter and full year 2019 results. This performance reflects strong mortgage banking revenues, generally favorable asset quality metrics, and continued loan growth. Excluding the after-tax impacts of the MSR Changes, Assessment Credit and the Merger related expenses, net income and diluted earnings per share increased by 9.5% and 16.3%, respectively, in the fourth quarter of 2019 as compared to the prior year. As we look ahead to 2020 and beyond, we will continue to focus on our key strategic initiatives, including: growth, process improvement, and effective risk management. Reflecting our success and our optimism about the future, we recently announced an 11% increase in our quarterly common stock cash dividend to 20 cents per share, to be paid on Feb. 14, 2020." Reports Tier 1 common equity to risk-weighted assets 11.96%. Reports tangible book value per share to $14.08 at Dec. 31, 2019.

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Hot Stocks
Independent Bank announces 11% increase in quarterly cash dividend » 16:19
01/20/20
01/20
16:19
01/20/20
16:19
IBCP

Independent Bank

$22.51 /

-0.26 (-1.14%)

Independent Bank…

Independent Bank announced that its Board of Directors declared a quarterly cash dividend on its common stock of 20c per share. This dividend is payable on Feb. 14, 2020 to shareholders of record on Feb. 5, 2020.

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Downgrade
Independent Bank downgraded to Neutral from Buy at DA Davidson » 08:07
01/17/20
01/17
08:07
01/17/20
08:07
IBCP

Independent Bank

$22.77 /

+0.2 (+0.89%)

DA Davidson analyst…

DA Davidson analyst Russell Gunther downgraded Independent Bank to Neutral from Buy with a price target of $24, down from $26. The analyst is positive on the company's significant presence and unique opportunity to gain share in its attractive Michigan markets, but sees its average return metrics - albeit in line with its peers - trending in the wrong direction. Gunther adds that Independent Bank's earnings growth is below that of its peers and sees its current discounted valuation as appropriate.

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Over a quarter ago
Hot Stocks
Independent Bank CFO Robert Shuster sells over $185K in company shares » 12:39
11/19/19
11/19
12:39
11/19/19
12:39
IBCP

Independent Bank

$22.47 /

+0.09 (+0.40%)

Independent Bank CFO…

Independent Bank CFO Robert Shuster disclosed in a filing that he had sold 8,264 shares of company stock at an average price of $22.39 per share on November 18. The total transaction value of the sale was $185,022.

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Earnings
Independent Bank reports Q3 EPS 55c, consensus 51c » 08:03
10/24/19
10/24
08:03
10/24/19
08:03
IBCP

Independent Bank

$22.15 /

+0.21 (+0.96%)

CEO William Kessel…

CEO William Kessel commented: "We are pleased to report another quarter of solid financial performance. This performance reflects strong mortgage banking revenues, favorable asset quality metrics, and continued loan growth. Excluding the after-tax impacts of the MSR Changes, Assessment Credit and the Merger related expenses, net income and diluted earnings per share increased by 20.5% and 29.8%, respectively, in the third quarter of 2019 as compared to the third quarter of 2018. As we look ahead to the last quarter of 2019 and beyond, we are focused on building on the momentum generated in the first nine months of the year." Reports tangible common equity ration 8.71%.

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