Independent Bank Corporation (IBCP) Analysts See $0.39 EPS

July 16, 2018 - By Matthew Richard

Independent Bank Corporation (NASDAQ:IBCP) LogoInvestors sentiment decreased to 1.3 in 2018 Q1. Its down 0.12, from 1.42 in 2017Q4. It fall, as 7 investors sold Independent Bank Corporation shares while 39 reduced holdings. 14 funds opened positions while 46 raised stakes. 16.05 million shares or 4.67% less from 16.84 million shares in 2017Q4 were reported.
Federated Invsts Pa stated it has 4,161 shares or 0% of all its holdings. Strs Ohio accumulated 31,500 shares. Blackrock has invested 0% in Independent Bank Corporation (NASDAQ:IBCP). Moreover, Wells Fargo Mn has 0% invested in Independent Bank Corporation (NASDAQ:IBCP). Stieven Advsrs Lp owns 126,400 shares. Jacobs Levy Equity Mngmt invested 0.02% of its portfolio in Independent Bank Corporation (NASDAQ:IBCP). Ajo Limited Partnership reported 275,993 shares. Pinnacle Limited Co has 50,274 shares for 0% of their portfolio. Martingale Asset Mgmt Lp has 53,109 shares for 0.02% of their portfolio. Pl Advisors Limited Liability Corp holds 1.05M shares. 74,108 are owned by California Pub Employees Retirement. Wedge Capital Mngmt L Lp Nc holds 0.02% of its portfolio in Independent Bank Corporation (NASDAQ:IBCP) for 82,403 shares. Clover Prns Limited Partnership owns 157,307 shares or 4.02% of their US portfolio. Geode Cap Ltd Liability Co invested in 0% or 185,361 shares. Fincl Bank Of Montreal Can has invested 0% in Independent Bank Corporation (NASDAQ:IBCP).

Since April 27, 2018, it had 0 buys, and 7 sales for $317,069 activity. REGLIN DAVID C also sold $44,788 worth of Independent Bank Corporation (NASDAQ:IBCP) on Wednesday, May 9. SHUSTER ROBERT N sold $35,596 worth of stock or 1,447 shares. On Tuesday, May 29 the insider HASKE TERRY L sold $44,790. $33,709 worth of Independent Bank Corporation (NASDAQ:IBCP) was sold by Kessel William B. On Thursday, May 31 the insider TWAROZYNSKI JAMES J sold $24,639. The insider Kimball Stefanie M sold $44,207.

Analysts expect Independent Bank Corporation (NASDAQ:IBCP) to report $0.39 EPS on July, 26 before the open.They anticipate $0.12 EPS change or 44.44 % from last quarter’s $0.27 EPS. IBCP’s profit would be $9.40M giving it 16.44 P/E if the $0.39 EPS is correct. After having $0.38 EPS previously, Independent Bank Corporation’s analysts see 2.63 % EPS growth. The stock increased 0.98% or $0.25 during the last trading session, reaching $25.65. About 26,206 shares traded. Independent Bank Corporation (NASDAQ:IBCP) has risen 22.89% since July 16, 2017 and is uptrending. It has outperformed by 10.32% the S&P500.

Independent Bank Corporation (NASDAQ:IBCP) Ratings Coverage

Among 2 analysts covering Independent Bank Corporation (NASDAQ:IBCP), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Independent Bank Corporation had 3 analyst reports since January 31, 2018 according to SRatingsIntel. As per Tuesday, April 24, the company rating was maintained by Hovde Group. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, April 23. The rating was maintained by Hovde Group with “Hold” on Wednesday, January 31.

Independent Bank Corporation operates as the bank holding firm for Independent Bank that provides various banking services to individuals and businesses in Michigan. The company has market cap of $618.34 million. The firm also offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machines, and Internet and mobile banking services. It has a 23.53 P/E ratio. It also provides title insurance, and investment and insurance services; and acquires and services payment plans used by clients to purchase vehicle service contracts provided and administered by third parties.

Another recent and important Independent Bank Corporation (NASDAQ:IBCP) news was published by Globenewswire.com which published an article titled: “Independent Bank Corporation Announces Date for Its Second Quarter 2018 Earnings Release” on June 27, 2018.

Independent Bank Corporation (NASDAQ:IBCP) Institutional Positions Chart

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