IBCP
Independent Bank Corporation Financial Services - Banks - Regional Investor Relations →
Independent Bank Corporation (IBCP) closed at $36.60 as of 2026-02-02, trading 48.8% above its 200-week moving average of $24.59. The stock moved further from the line this week, up from 42.4% last week. With a 14-week RSI of 78, IBCP is in overbought territory.
Over the past 2061 weeks of data, IBCP has crossed below its 200-week moving average 18 times. On average, these episodes lasted 31 weeks. Historically, investors who bought IBCP at the start of these episodes saw an average one-year return of +8.9%.
With a market cap of $757 million, IBCP is a small-cap stock. Return on equity stands at 14.3%. The stock trades at 1.5x book value.
Over the past 33.2 years, a hypothetical investment of $100 in IBCP would have grown to $265, compared to $2849 for the S&P 500. IBCP has returned 3.0% annualized vs 10.6% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -19.1% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: IBCP vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After IBCP Crosses Below the Line?
Across 12 historical episodes, buying IBCP when it crossed below its 200-week moving average produced an average return of +8.4% after 12 months (median +7.0%), compared to +16.2% for the S&P 500 over the same periods. 50% of those episodes were profitable after one year. After 24 months, the average return was +36.0% vs +16.2% for the index.
Each line shows $100 invested at the moment IBCP crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
IBCP has crossed below its 200-week MA 18 times with an average 1-year return of +8.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Aug 1986 | Aug 1986 | 2 | 1.6% | -2.3% | +661.2% |
| Nov 1986 | Mar 1987 | 19 | 11.1% | -18.3% | +661.2% |
| Jun 1987 | Sep 1988 | 67 | 24.0% | -6.4% | +665.8% |
| Apr 1990 | May 1990 | 4 | 3.5% | +18.5% | +660.1% |
| Jul 1990 | Aug 1990 | 2 | 2.2% | +31.5% | +674.8% |
| Aug 1990 | Jan 1991 | 23 | 20.9% | +54.8% | +674.8% |
| Mar 1999 | Apr 1999 | 2 | 7.8% | -7.5% | +9.8% |
| Aug 1999 | Nov 1999 | 11 | 13.5% | +6.6% | -1.1% |
| Dec 1999 | Sep 2000 | 40 | 33.0% | +22.3% | -1.1% |
| Nov 2006 | Dec 2006 | 1 | 0.7% | -56.9% | -74.3% |
| Jan 2007 | Feb 2013 | 315 | 97.9% | -35.9% | -73.7% |
| Aug 2019 | Sep 2019 | 3 | 1.4% | -22.4% | +144.6% |
| Feb 2020 | Jan 2021 | 45 | 43.5% | +11.2% | +138.0% |
| Jan 2021 | Feb 2021 | 1 | 4.4% | +37.5% | +143.6% |
| May 2022 | May 2022 | 1 | 0.7% | -8.4% | +123.9% |
| Jun 2022 | Jun 2022 | 2 | 3.3% | +5.4% | +130.1% |
| Mar 2023 | Jul 2023 | 18 | 15.8% | +36.6% | +122.6% |
| Sep 2023 | Oct 2023 | 5 | 3.5% | +94.8% | +120.6% |
| Average | 31 | — | +8.9% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02