FJ Capital Management LLC Has $12.53 Million Holdings in Independent Bank Corporation $IBCP

Posted by Geri Gentry on Jun 14th, 2026

FJ Capital Management LLC lessened its stake in shares of Independent Bank Corporation (NASDAQ:IBCP – Free Report) by 30.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 385,088 shares of the financial services provider’s stock after selling 165,106 shares during the quarter. Independent Bank accounts for about 1.4% of FJ Capital Management LLC’s holdings, making the stock its 21st biggest position. FJ Capital Management LLC’s holdings in Independent Bank were worth $12,527,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of IBCP. EverSource Wealth Advisors LLC raised its holdings in Independent Bank by 2,062.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 757 shares of the financial services provider’s stock worth $25,000 after buying an additional 722 shares during the period. Larson Financial Group LLC acquired a new position in shares of Independent Bank in the 4th quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Independent Bank in the 4th quarter valued at about $29,000. Harbour Investments Inc. increased its holdings in shares of Independent Bank by 45.4% in the 4th quarter. Harbour Investments Inc. now owns 961 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 300 shares during the period. Finally, Assetmark Inc. acquired a new position in shares of Independent Bank in the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 79.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on IBCP. Weiss Ratings reiterated a “buy (b)” rating on shares of Independent Bank in a report on Tuesday. DA Davidson upped their target price on Independent Bank from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Finally, Piper Sandler dropped their target price on Independent Bank from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Independent Bank currently has a consensus rating of “Hold” and a consensus target price of $37.00.

View Our Latest Analysis on IBCP

Insider Activity at Independent Bank

In related news, EVP Stefanie M. Kimball sold 1,400 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 64,327 shares of the company’s stock, valued at approximately $2,213,492.07. The trade was a 2.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.91% of the company’s stock.

Independent Bank Trading Up 0.5%

Shares of NASDAQ IBCP opened at $35.48 on Friday. The stock has a market cap of $731.24 million, a price-to-earnings ratio of 10.59 and a beta of 0.71. The business has a 50 day simple moving average of $34.03 and a 200 day simple moving average of $34.13. Independent Bank Corporation has a 52 week low of $29.63 and a 52 week high of $39.17. 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 (NASDAQ:IBCP – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.79 by $0.02. The business had revenue of $58.90 million during the quarter, compared to analysts’ expectations 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 predict that Independent Bank Corporation will post 3.54 earnings per share for the current fiscal year.

Independent Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 4th were paid a $0.28 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.12 annualized dividend and a dividend yield of 3.2%. Independent Bank’s payout ratio is presently 33.43%.

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.