Independent Bank Corporation(MI)(IBCP) Declares Dividend of $0.1000.

Independent Bank Corporation(MI) (IBCP) had declared a cash dividend of $0.1000 on Jan 24, 2017. The shares will quote ex-dividend on Feb 6, 2017 and the record date has been fixed for Feb 8, 2017. Based on Feb 6, 2017 share price, the yield comes out to be 1.93%. The dividend payable date has been fixed on Feb 15, 2017.

Independent Bank Corporation(MI) (IBCP) shares turned negative on Tuesdays trading session with the shares closing down -0.35 points or -1.64% at a volume of 1,68,805. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $21.8. The peak price level was also seen at $21.8 while the days lowest was $21. Finally the shares closed at $21.05. The 52-week high of the shares is $22.25 while the 52-week low is $13.421. According to the latest information available, the market cap of the company is $447 M.

Independent Bank Corporation(MI)(IBCP) last announced its earnings results on Jan 26, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $20.250M. Analysts had an estimated revenue of $20.380M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.27.

Several Insider Transactions has been reported to the SEC. On Dec 7, 2016, David C Reglin (Executive Vice President) sold 127 shares at $19.66 per share price.Also, On Nov 14, 2016, Terry L Haske (director) sold 764 shares at $16.88 per share price.On Sep 1, 2016, Michael M Jr Magee (director) purchased 6,082 shares at $16.30 per share price, according to the Form-4 filing with the securities and exchange commission.

Independent Bank Corporation is a bank holding company. The Company owns all of the outstanding stock of Independent Bank (the Bank). The Bank is engaged in commercial banking. The Bank offers a range of banking services to individuals and businesses including checking and savings accounts commercial lending direct and indirect consumer financing mortgage lending and safe deposit box services. The Bank does not offer trust services. The Company’s principal markets are the rural and suburban communities across Lower Michigan. In addition to general banking services its Bank also offers title insurance services through a separate subsidiary and investment and insurance services through a third party agreement with Cetera Investment Services LLC.

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