Independent Bank (IBCP, Financial) shares saw a significant rise of 5.08%. The stock price reached $33.71 with a trading volume of 31,549 shares and a turnover rate of 0.15%, with an amplitude of 4.71%.
Recent earnings reports show Independent Bank achieved a revenue of $78.85 million and a net profit of $18.53 million, translating to an earnings per share (EPS) of $0.89. The price-to-earnings (P/E) ratio stood at 10.71. All five rating institutions recommend holding the stock, with no recommendations to buy or sell.
Within the banking industry, where Independent Bank operates, the sector overall saw a decline of 0.35%. Notable gainers in the sector included Fanhua Financial, Greystone Housing Impact Investors, and Finwise Bancorp, while active stocks were Pineapple Financial Inc., Grupo Supervielle S.A., and Uwm Holdings Corporation, with turnover rates of 0.98%, 0.97%, and 0.85% respectively. Fanhua Financial, Bogota Financial Corp., and Shf Holdings, Inc. experienced significant amplitude, registering 20.59%, 11.03%, and 9.70% respectively.
Independent Bank Corp (Ionia MI) provides a wide range of banking services for individuals and businesses, including checking and savings accounts, commercial loans, consumer financing, mortgages, and safety deposit facilities. The bank also offers internet and mobile banking services.
