Jefferies Financial Group Inc. Takes $1.81 Million Position in Independent Bank Corporation $IBCP

Posted by Brenda Bartman on May 28th, 2026

Jefferies Financial Group Inc. purchased a new stake in Independent Bank Corporation (NASDAQ:IBCP – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 55,600 shares of the financial services provider’s stock, valued at approximately $1,809,000. Jefferies Financial Group Inc. owned 0.27% of Independent Bank at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. EverSource Wealth Advisors LLC grew its holdings in shares of Independent Bank by 2,062.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 757 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 722 shares during the period. Larson Financial Group LLC purchased a new stake in shares of Independent Bank in the 4th quarter worth about $26,000. Assetmark Inc. purchased a new stake in shares of Independent Bank in the 3rd quarter worth about $36,000. Quarry LP purchased a new stake in shares of Independent Bank in the 3rd quarter worth about $42,000. Finally, Quadrant Capital Group LLC purchased a new stake in shares of Independent Bank in the 3rd quarter worth about $72,000. 79.43% of the stock is owned by institutional investors and hedge funds.

Independent Bank Stock Performance

NASDAQ IBCP opened at $34.13 on Thursday. The business’s 50-day moving average price is $33.61 and its 200 day moving average price is $33.83. Independent Bank Corporation has a twelve month low of $29.63 and a twelve month high of $39.17. The company has a market capitalization of $703.42 million, a PE ratio of 10.19 and a beta of 0.71. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.13.

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

Independent Bank Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently commented on IBCP. Piper Sandler decreased their price objective on shares of Independent Bank from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Monday, April 27th. DA Davidson lifted their price objective on Independent Bank from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $37.00.

Check Out Our Latest Analysis on Independent Bank

Independent Bank Profile

(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.