Independent Bank (Michigan)

$20.78 0.00% ($0.00)
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  • 1M
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About Independent Bank (Michigan)

Independent Bank Corporation is a bank holding company. The Company owns all of the outstanding stock of Independent Bank (the Bank). The Bank focuses on commercial banking industry. The Bank offers a range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending and safe deposit box services. The Company's principal markets are the rural and suburban communities across lower Michigan. As of December 31, 2016, the Company's markets were served by the Bank's main office in Grand Rapids, Michigan, and a total of 62 branches, a drive-in facility and 12 loan production offices. The Bank's branches provide lobby and drive-in services, as well as automatic teller machines (ATMs). Its Bank also offers title insurance services through a subsidiary, and investment and insurance services through a third party agreement with Cetera Investment Services LLC.

Stock Analysis

last close $20.78
1-mo return -4.5%
3-mo return -11.5%
avg daily vol. 107.17T
52-week high 24.73
52-week low 12.14
market cap. $438M
forward pe 8.9
annual div. 0.84
roe 20.3%
ltg forecast -
dividend yield 4.04%
annual rev. $233M
inst own. 80.7%
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