During 2018 Q4 the big money sentiment decreased to 1.24. That’s change of 0.28, from 2018Q3’s 1.52. 14 investors sold all, 41 reduced holdings as Independent Bank Corporation ratio fall. 41 rose positions while 27 funds bought positions. Funds hold 17.69 million shares thus 0.62% more from 2018Q3’s 17.58 million shares.
Cubist Systematic Strategies Lc holds 0.01% or 9,684 shs in its capital. Jacobs Levy Equity Mngmt, a New Jersey-based fund reported 107,378 shs. 94,808 were reported by Fmr Ltd Liability. Clover Lp owns 138,252 shs for 5.05% of their capital. 322 were reported by Moody Bancorporation Division. Moreover, Captrust Advisors has 0% invested in Independent Bank Corporation (NASDAQ:IBCP). Moreover, Hightower Advsrs Limited has 0% invested in Independent Bank Corporation (NASDAQ:IBCP). Sterling Ltd Liability Company accumulated 25,199 shs. Kbc Group Inc Nv accumulated 9,584 shs. Globeflex Capital Ltd Partnership stated it has 18,000 shs. First Advsrs Lp holds 0% or 68,837 shs. Parametric Port Assoc Limited Liability owns 66,545 shs. Charles Schwab Mgmt holds 0% or 49,055 shs. Dorsey Wright And Assoc reported 876 shs. Tiaa Cref Inv Mngmt Ltd Company has 0% invested in Independent Bank Corporation (NASDAQ:IBCP).

Independent Bank Corporation registered $76,715 net activity with 2 insider buys and 1 sale since October 29, 2018. $34,606 worth of Independent Bank Corporation (NASDAQ:IBCP) was sold by Daniel Larry R Jr on Monday, November 5. Another trade for 3,892 shs valued at $89,422 was made by MAGEE MICHAEL M JR on Friday, November 30.

Investors expect Independent Bank Corporation (NASDAQ:IBCP)’s quarterly earnings on April, 22., according to Zacks. Analysts expect change of 21.05 % or $0.08 from previous year’s $0.38 EPS compared to current’s $0.46 EPS. This could reach $10.86M profit for IBCP assuming the current $0.46 EPS will become reality. Wall Street now sees 12.20 % EPS growth despite Independent Bank Corporation previous quarter’s EPS of $0.41. IBCP hit $22.12 during the last trading session after $0.19 change.Independent Bank Corporation has volume of 47,656 shares. Since April 16, 2018 IBCP has risen 2.20% and is uptrending. IBCP underperformed the S&P500 by 2.17%.

Independent Bank Corporation operates as the bank holding firm for Independent Bank that provides various banking services to individuals and businesses in Michigan.The company has $522.40 million market cap. The firm also offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machines, and Internet and mobile banking services.The P/E ratio is 13.17. It also provides title insurance, and investment and insurance services; and acquires and services payment plans used by clients to purchase vehicle service contracts provided and administered by third parties.

A couple more Independent Bank Corporation (NASDAQ:IBCP) news were brought out by: Nasdaq.com which released on March 08, 2019 “Independent Bank Corporation Announces Date for Its First Quarter 2019 Earnings Release – Nasdaq”, also Globenewswire.com on September 26, 2018 brought out “Independent Bank Corporation Announces Date for Its Third Quarter 2018 Earnings Release – GlobeNewswire”, the next Globenewswire.com is “Independent Bank Corporation Announces a 20% Increase in Its Quarterly Cash Dividend on Common Stock – GlobeNewswire” on January 21, 2019. Globenewswire.com has article titled “Independent Bank Corporation Announces the Adoption of Its 2019 Share Repurchase Plan – GlobeNewswire”.