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Independent Bank Corp /MI/ Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest was filed 27 Feb 2026.
Independent Bank Corp /MI/: what insiders have been doing
Independent Bank Corp /MI/, founded in 1973, is a Finance & Banking company based in Grand Rapids, United States. Its directors and officers file their transactions with SEC (Form 4). Over the twelve months to 18 October 2026, 58 filings were filed, from 15 insiders.
On the market, 2 insiders bought (2 purchases totalling €42k) while 4 insiders sold (18 sales totalling €192k). No amount is published for 5 filings, which the totals therefore leave out. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. The buyers include 2 senior executives. At €89k, the sale published on 16 December 2025 by Ervin Patrick J is the largest of the period.
The last purchase on record was published on 27 February 2026, which is 233 days ago. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 1 day. Section 16 rules allow two business days to file each Form 4. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning.
Compared with its exchange (5,811 companies, median 19 filings), a count of 58 filings is above the norm. Since 2016, the database holds 15 purchases and 32 sales by insiders of the company. On the fundamentals side, the SEC filing (10-K) for the period ending 31 December 2025 lists net income at 68.5 m USD; the dividend was 1.04 USD per share.
Other companies in the same sector with recent insider buying flagged by our signals: First Guaranty Bancshares, Inc. and BCB Bancorp Inc. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.
Insider Decl.
202
Thresholds
n/a
Buy Volume
€397,084
15 ops. · all time
Sell Volume
€562,463
32 ops. · all time
Who traded when
BuySaleWilliam B. Kessel9 sales
Patrick J. Ervin1 buy6 sales
Gavin A. Mohr2 buys
James J. Twarozynski2 sales
Archer Dennis W. Jr1 buy
Beia Terance L1 buy
+5 other insiders
Since the insiders bought
- -2.9%Entry US$35.36 · Close at T+90 US$34.32
- +7.5%Entry US$33.04 · Close at T+90 US$35.51
- +25.9%Entry US$30.20 · Close at T+365 US$38.03
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Independent Bank Corp /MI/ Buy (bullish), based on 5 analysts. Average price target: US$40.20.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 561 of 24,148 companies
83.2
score / 100
Value82
Quality85
FCF yld9.1%
Earn yld8.9%
EV/EBITDA·
ROE14%
Gross mgn·
Net mgn31%
Debt/EBITDA·
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$34.76
Analyst consensus
5 analystsBuy
US$38.00Target US$40.20(+16%)US$42.00
Income statement
RevenueUS$218.3M
Net incomeUS$68.5M31.1% margin
Valuation
PER (trailing)10.2x
PER (forward)9.0x
P/Book1.4x
Beta0.73
Balance sheet & cash
Market capUS$771.6M
Total debtUS$116.9M
Free Cash FlowUS$70.2M
Profitability & ownership
ROE14.4%
ROA1.3%
% insiders4.7%
% institutions83.2%
Last declaration on 2 October 2026
Declarations202 total
292 shares@ US$35.240.0013% mcap5.2% of flowCommon StockSEC:0001561329-26-000004:0
195 shares@ US$37.190.0009% mcap1.4% of flowCommon StockSEC:0001290904-26-000005:3
100 shares@ US$37.100.0005% mcap0.7% of flowCommon StockSEC:0001290904-26-000005:0
194 shares@ US$37.170.0009% mcap1.4% of flowCommon StockSEC:0001290904-26-000005:1
200 shares@ US$37.180.0009% mcap1.5% of flowCommon StockSEC:0001290904-26-000005:2
106 shares@ US$37.250.0005% mcap0.8% of flowCommon StockSEC:0001290904-26-000005:4
405 shares@ US$37.300.0019% mcap3.0% of flowCommon StockSEC:0001290904-26-000005:5
600 shares@ US$37.360.0028% mcap4.4% of flowCommon StockSEC:0001290904-26-000005:6
100 shares@ US$37.380.0005% mcap0.7% of flowCommon StockSEC:0001290904-26-000005:7
100 shares@ US$37.410.0005% mcap0.7% of flowCommon StockSEC:0001290904-26-000005:8
2,000 shares@ US$37.2790.0094% mcap14.7% of flowCommon StockSEC144:0001972481-26-000283
300 shares@ US$37.110.0014% mcap29.3% of flowCommon StockSEC:0001933750-26-000003:0
489 shares@ US$37.66860.0023% mcap15.1% of flowCommon StockSEC:0001198786-26-000003:0
285 sharesCommon StockSEC:0001561329-26-000003:0
2 sharesCommon StockSEC:0001725163-26-000007:3
780 sharesCommon StockSEC:0001725163-26-000007:0
242 sharesCommon StockSEC:0001725163-26-000007:1
76 sharesCommon StockSEC:0001725163-26-000007:2
1,400 sharesCommon StockSEC:0001725163-26-000007:4
2,500 shares@ US$34.750.011% mcap20.5% of flowCommonSEC144:0001725163-26-000006
1,672 shares@ US$33.780.0073% mcap17.2% of flowCommon StockSEC:0001397797-26-000004:0
1,778 shares@ US$33.780.0077% mcap14.2% of flowCommon StockSEC:0001725163-26-000004:0
1,659 shares@ US$33.780.0072% mcap13.7% of flowCommon StockSEC:0001824011-26-000004:0
1,790 shares@ US$33.7814.3% of flowCommon StockSEC:0001725163-26-000003:1
4,788 shares@ US$33.7831.8% of flowCommon StockSEC:0001290904-26-000004:1
25 of 202 declarations
About Independent Bank Corp /MI/
Independent Bank Corp /MI/ (ticker IBCP) is a U.S.-listed bank holding company traded on the NASDAQ in the United States and the parent of Independent Bank, a Michigan state-chartered community bank. Its roots date back to 1864, when the bank was founded as First National Bank of Ionia. The holding company was incorporated in 1973 to own and oversee the bank’s development. Headquartered in Grand Rapids, Michigan, the franchise remains highly focused on Michigan’s Lower Peninsula, where it operates a branch network concentrated in its core local markets. ([sec.gov](https://www.sec.gov/Archives/edgar/data/39311/000003931125000002/ibcp-202512ex991.htm?utm_source=openai))
The group’s business model combines community banking with commercial lending, mortgage lending, investment services, and insurance. This gives Independent Bank Corp a diversified revenue base across retail customers, small and medium-sized businesses, and selected commercial clients, while also reducing reliance on any single product line. Recent company materials also highlight a long-standing indirect lending franchise in marine, RV, and powersports finance, which provides an additional source of fee and interest income diversification. ([sec.gov](https://www.sec.gov/Archives/edgar/data/39311/000003931125000002/ibcp-202512ex991.htm?utm_source=openai))
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From a competitive standpoint, IBCP is best viewed as a regional community bank rather than a national platform. Its strategy is built around relationship banking, local market knowledge, and disciplined expansion within its home territory. The company has said it operates more than 57 offices and over 160 locations across Michigan’s Lower Peninsula, underscoring a dense footprint in its core geography. At year-end 2025, the bank reported total assets of about $5.5 billion, placing it in the mid-sized regional banking segment in the U.S. market. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000039311/000003931126000004/ibcp-2026122ex991.htm?utm_source=openai))
Recent highlights include full-year 2025 net income of $68.5 million, or $3.27 per diluted share, alongside continued investor-relations outreach and balance-sheet management. In early 2025, the company also appointed a new Chief Operating Officer, which signaled an internal operating refresh. More notably, in March 2026 Independent Bank Corp announced a merger agreement with HCB Financial Corp., pointing to an acquisitive growth path in its regional footprint. For investors, IBCP is a classic U.S. community banking name with exposure to the Michigan economy, commercial lending, mortgage production, deposit costs, and interest-rate sensitivity. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000039311/000003931126000004/ibcp-2026122ex991.htm?utm_source=openai))
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