Independent Bank (NASDAQ:IBCP) Insider Kristopher Kreter Sells 300 Shares

Posted by Stanley Muller on Aug 21st, 2026

Independent Bank Corporation (NASDAQ:IBCP – Get Free Report) insider Kristopher Kreter sold 300 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $37.11, for a total value of $11,133.00. Following the sale, the insider owned 2,207 shares of the company’s stock, valued at approximately $81,901.77. This trade represents a 11.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Independent Bank Price Performance

NASDAQ IBCP opened at $37.26 on Friday. The company has a 50-day moving average price of $36.68 and a 200-day moving average price of $35.17. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $827.17 million, a P/E ratio of 10.83 and a beta of 0.71. Independent Bank Corporation has a 52 week low of $29.83 and a 52 week high of $39.24.

Independent Bank (NASDAQ:IBCP – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. The firm had revenue of $61.64 million during the quarter, compared to the consensus estimate of $60.08 million. Independent Bank had a net margin of 22.32% and a return on equity of 14.12%. During the same quarter in the previous year, the firm posted $0.81 EPS. Equities research analysts anticipate that Independent Bank Corporation will post 3.59 earnings per share for the current year.

Independent Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Tuesday, August 4th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.0%. The ex-dividend date was Tuesday, August 4th. Independent Bank’s dividend payout ratio is presently 32.56%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IBCP. Keefe, Bruyette & Woods boosted their price target on shares of Independent Bank from $37.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Independent Bank in a research report on Tuesday, June 9th. Piper Sandler increased their price objective on shares of Independent Bank from $37.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Hovde Group upgraded Independent Bank from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $36.00 to $41.00 in a report on Friday, July 10th. Finally, DA Davidson upped their price target on shares of Independent Bank from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $39.50.

Check Out Our Latest Analysis on Independent Bank

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of IBCP. Parallel Advisors LLC boosted its stake in Independent Bank by 935.3% in the 1st quarter. Parallel Advisors LLC now owns 1,201 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 1,085 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Independent Bank by 50.6% in the first quarter. Bank of America Corp DE now owns 91,106 shares of the financial services provider’s stock worth $3,034,000 after buying an additional 30,622 shares during the last quarter. Amundi acquired a new stake in Independent Bank during the first quarter worth about $283,000. California State Teachers Retirement System grew its holdings in Independent Bank by 28.6% during the first quarter. California State Teachers Retirement System now owns 24,733 shares of the financial services provider’s stock worth $824,000 after acquiring an additional 5,501 shares during the period. Finally, Royal Bank of Canada raised its position in Independent Bank by 138.4% during the first quarter. Royal Bank of Canada now owns 1,297 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 753 shares in the last quarter. Institutional investors own 79.43% of the company’s stock.

About Independent Bank

(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.