Insider Selling: Independent Bank (NASDAQ:IBCP) EVP Sells 1,400 Shares of Stock

May 30, 2026 by InsiderTrades.com

Key Points

Independent Bank EVP Stefanie Kimball sold 1,400 shares on May 29 at an average price of $34.41, totaling about $48,174. After the sale, she still held 64,327 shares, a 2.13% reduction in her position.
The company recently posted solid quarterly results, reporting earnings of $0.81 per share, which beat analyst expectations by $0.02. Revenue came in at $58.9 million, slightly below estimates.
Independent Bank continues to pay a dividend and has a neutral analyst outlook, with a quarterly dividend of $0.28 per share yielding 3.3% annually. Analysts currently rate the stock a consensus “Hold” with an average price target of $37.00.

Independent Bank Corporation (NASDAQ:IBCP - Get Free Report) EVP Stefanie Kimball sold 1,400 shares of the business's stock in a transaction on Friday, May 29th. The stock was sold at an average price of $34.41, for a total value of $48,174.00. Following the transaction, the executive vice president directly owned 64,327 shares in the company, valued at $2,213,492.07. This trade represents a 2.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Independent Bank Stock Performance

NASDAQ IBCP opened at $34.32 on Friday. The stock's fifty day moving average is $33.67 and its two-hundred day moving average is $33.86. The firm has a market capitalization of $707.34 million, a P/E ratio of 10.24 and a beta of 0.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.92 and a current ratio of 0.92. Independent Bank Corporation has a fifty-two week low of $29.63 and a fifty-two week high of $39.17.

Independent Bank (NASDAQ:IBCP - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.02. The company had revenue of $58.90 million for the quarter, compared to analyst estimates of $60.36 million. Independent Bank had a return on equity of 14.15% and a net margin of 22.02%. On average, research analysts anticipate that Independent Bank Corporation will post 3.54 earnings per share for the current year.

Independent Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 4th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.12 dividend on an annualized basis and a yield of 3.3%. Independent Bank's payout ratio is 33.43%.

Hedge Funds Weigh In On Independent Bank

Several large investors have recently modified their holdings of the business. Harbour Investments Inc. increased its holdings in Independent Bank by 45.4% during the 4th quarter. Harbour Investments Inc. now owns 961 shares of the financial services provider's stock worth $31,000 after purchasing an additional 300 shares during the period. Hudson Edge Investment Partners Inc. increased its holdings in Independent Bank by 0.9% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 34,655 shares of the financial services provider's stock worth $1,127,000 after purchasing an additional 318 shares during the period. Occudo Quantitative Strategies LP increased its holdings in Independent Bank by 3.2% during the 4th quarter. Occudo Quantitative Strategies LP now owns 11,525 shares of the financial services provider's stock worth $375,000 after purchasing an additional 355 shares during the period. Cetera Investment Advisers increased its holdings in Independent Bank by 1.7% during the 4th quarter. Cetera Investment Advisers now owns 22,254 shares of the financial services provider's stock worth $724,000 after purchasing an additional 363 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Independent Bank by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,816 shares of the financial services provider's stock worth $364,000 after purchasing an additional 464 shares during the period. Institutional investors and hedge funds own 79.43% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IBCP. DA Davidson upped their price target on Independent Bank from $36.00 to $37.00 and gave the company a "neutral" rating in a research note on Monday, April 27th. Piper Sandler decreased their price target on Independent Bank from $39.00 to $37.00 and set a "neutral" rating on the stock in a research note on Monday, April 27th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $37.00.

Check Out Our Latest Analysis on IBCP

Independent Bank Company Profile

(Get Free Report)

Independent Bank Corporation (NASDAQ: IBCP) is a bank holding company headquartered in Grand Rapids, Michigan. Through its primary subsidiary, Independent Bank, the company offers a full range of commercial and personal banking services designed to meet the needs of individuals, small businesses and corporate clients. The company's offerings span traditional branch-based banking as well as digital and mobile platforms.

Independent Bank provides deposit products such as checking and savings accounts, money market accounts and certificates of deposit.