Independent Bank Corp (MI) (IBCP)

FINANCE: BANKS
SIC: STATE COMMERCIAL BANKS

4200 E BELTLINE AVE GRAND RAPIDS, MI 49525

Independent Bank Corporation operates as a holding company for the Independent Bank that provides various commercial banking services in Michigan. The company offers various deposit products, including non-interest bearing demand deposits, time deposits, checking and savings accounts, and NOW accounts. It also provides commercial lending, direct and indirect consumer financing, and safe deposit box services.

Data as of 2020-08-01
Market Cap305.557 Million Shares Outstanding21.88 Million Avg 30-day Volume135.043 Thousand
P/E Ratio7.0 Dividend Yield5.729 EPS2.03
Price/Sales1.552 Price cash flow ratio6.9 Price free cash flow ratio12.1
Book Value16.23 Price to Tangible Book1.01 Alpha-0.0
Short Interest Ratio % Short Interest to Float R-squared0.278536
BETA0.893716 52-week High/Low23.93 / 9.19 Stddev0.072858
View SEC Filings from IBCP instead.
Q1 2020 All Institutions Hedge Funds 1
Filers who had this stock in their top 10: 1 1 (0.07%)
13F Filers holding this stock: 120 45 (2.95%)
Aggregate 13F shares on 03/31/2020: 17.829 Million 9.749 Million
Aggregate 13F shares on 12/31/2019: 18.338 Million 9.944 Million
Percent change: -2.78% -1.97%
Funds creating new positions: 13 7
Funds Adding to an existing position: 40 17
Funds closing out their position: 20 10
Funds reducing their position: 47 19
1 hedge funds as identified by whalewisdom.com through public filings.

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Funds Holding IBCP (via 13F filings)

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*Please note that if a filer hasn't submitted a 13F filing for a quarter then the filer's shares will be listed as "Sold All"

Mutual Funds Holding IBCP BETA

Active Schedule 13D and 13G filings

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Open Market Buys/Sells Last 60 Days

Open Market Buys (P)

3.6 Thousand total shares from 4 transactions

Open Market Sells (S)

none

Exercise Derivative Conversion (M)

none

Current/Former Insiders

Insider Name Type Last Reported Shares Held Last Reported Date Filings in past year

BUDDEN JOAN A

0 2020-08-03 4

MISSAD MATTHEW J CHIEF EXECUTIVE OFFICER

0 2020-07-31 5

BOER WILLIAM J

  • Director
34,910 2020-07-01 4

SHUSTER ROBERT N EVP & CFO

  • Officer
4,060 2020-06-23 5

ERICKSON STEPHEN A. EXECUTIVE VICE PRESIDENT & CFO

  • Officer
0 2020-06-23 4

KELLER CHRISTINA

  • Director
10,556 2020-06-16 10

KIMBALL STEFANIE M EXECUTIVE VICE PRESIDENT

  • Officer
63,762 2020-06-05 3

GULIS STEPHEN L JR

  • Director
0 2020-05-15 4

COK MICHAEL J

  • Director
0 2020-05-15 4

KRUSE RONIA F

  • Director
0 2020-05-15 5

KESSEL WILLIAM B PRESIDENT & CEO

  • Officer
  • Director
126,339 2020-03-12 4

ERVIN PATRICK J EXECUTIVE VICE PRESIDENT

  • Officer
12,424 2020-03-10 5

DANIEL LARRY R JR EXECUTIVE VICE PRESIDENT

  • Officer
17,277 2020-02-04 3

MACK DENNIS J EXECUTIVE VICE PRESIDENT

  • Officer
41,203 2020-01-24 3

TWAROZYNSKI JAMES J SENIOR VICE PRESIDENT

  • Officer
9,780 2020-01-24 2

HASKE TERRY L

  • Director
0 2019-11-15 2

REGLIN DAVID C EXECUTIVE VICE PRESIDENT

  • Officer
86,581 2019-01-21 0

MAGEE MICHAEL M JR

  • Director
33,220 2018-11-30 0

BEIA TERANCE L

  • Director
36,289 2018-04-24 0

MCCARTY JAMES E

  • Director
0 2018-02-15 0

COLLINS MARK L EXECUTIVE VICE PRESIDENT

  • Officer
72,747 2017-03-16 0

VAN LOAN CHARLES C

  • Director
43,499 2017-02-28 0

BUTLER RICHARD E/ SENIOR VICE PRESIDENT

  • Officer
5,789 2016-01-21 0

GRAVES PETER R SENIOR VICE PRESIDENT

  • Officer
8,564 2016-01-21 0

HETZLER ROBERT L

  • Director
57,595 2014-12-08 0

PALMER CHARLES A

  • Director
71,885 2014-10-01 0

BRATSBURG JEFFREY A

  • Director
0 2013-10-01 0

BANKS DONNA J

  • Director
47,103 2013-07-01 0

Insider Transactions Last 60 Days

Reporting Owners Transaction Date Transaction Code Shares Share Price Acquired or Disposed Shares Owned Following Transaction Combined shares owned after filing Direct/Indirect Ownership 10b-5

KRUSE RONIA F - Director

2020-07-01 A 1,122 $13.37 a 3,973 0.00 direct

BUDDEN JOAN A - Director

2020-07-01 A 1,235 $13.37 a 16,683 6,702.19 direct

COK MICHAEL J - Director

2020-07-01 A 1,122 $13.37 a 10,367 0.00 direct

KELLER CHRISTINA - Director

2020-07-01 A 1,122 $13.37 a 3,194 0.00 direct

MISSAD MATTHEW J - Director

2020-07-01 A 673 $13.37 a 10,622 0.00 direct

BOER WILLIAM J - Director

2020-07-01 A 555 $14.85 a 32,330 34,910.00 direct

ERICKSON STEPHEN A. - Officer EXECUTIVE VICE PRESIDENT & CFO

2020-06-23 D 2,602 d 0 0.00 direct

ERICKSON STEPHEN A. - Officer EXECUTIVE VICE PRESIDENT & CFO

2020-06-23 D 10,602 d 0 0.00 direct

KELLER CHRISTINA - Director by spouse trust

2020-06-16 P 1,000 $15.09 a 6,653 10,556.00 indirect

KELLER CHRISTINA - Director by spouse trust

2020-06-11 P 100 $13.87 a 5,653 9,556.00 indirect

KELLER CHRISTINA - Director by spouse trust

2020-06-11 P 1,000 $13.89 a 5,553 9,556.00 indirect

KELLER CHRISTINA - Director by spouse trust

2020-06-09 P 1,500 $16.17 a 4,553 8,456.00 indirect
Transaction Code Definitions
Code Definition
A Grant, award or other acquisition pursuant to Rule 16b-3(d)
C Conversion of derivative security
D Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
E Expiration of short derivative position
F Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3
G Bona fide gift
H Expiration (or cancellation) of long derivative position with value received
I Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities
J Other acquisition or disposition
L Small acquisition under Rule 16a-6
M Exercise or conversion of derivative security exempted pursuant to Rule 16b-3
O Exercise of out-of-the-money derivative security
P Open market or private purchase of non-derivative or derivative security
S Open market or private sale of non-derivative or derivative security
U Disposition pursuant to a tender of shares in a change of control transaction
W Acquisition or disposition by will or the laws of descent and distribution
X Exercise of in-the-money or at-the-money derivative security
Z Deposit into or withdrawal from voting trust

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