IBCP
Independent Bank Corporation Financial Services - Banks - Regional Investor Relations →
Independent Bank Corporation (IBCP) closed at $31.98 as of 2026-03-20, trading 27.4% above its 200-week moving average of $25.11. The stock is currently moving closer to the line, down from 32.9% last week. The 14-week RSI sits at 40, indicating neutral momentum.
A big spike in selling this week — 3.3x the usual volume, and the price dropped. Sometimes this kind of heavy selling marks the end of a decline. The idea is that the last reluctant holders have finally sold, leaving fewer sellers left to push the price lower.
Over the past 2067 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 $662 million, IBCP is a small-cap stock. Return on equity stands at 14.3%. The stock trades at 1.3x book value.
Over the past 33.2 years, a hypothetical investment of $100 in IBCP would have grown to $232, compared to $2683 for the S&P 500. IBCP has returned 2.6% annualized vs 10.4% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -19.1% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
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% | +565.1% |
| Nov 1986 | Mar 1987 | 19 | 11.1% | -18.3% | +565.1% |
| Jun 1987 | Sep 1988 | 67 | 24.0% | -6.4% | +569.1% |
| Apr 1990 | May 1990 | 4 | 3.5% | +18.5% | +564.1% |
| Jul 1990 | Aug 1990 | 2 | 2.2% | +31.5% | +577.0% |
| Aug 1990 | Jan 1991 | 23 | 20.9% | +54.8% | +577.0% |
| Mar 1999 | Apr 1999 | 2 | 7.8% | -7.5% | -4.1% |
| Aug 1999 | Nov 1999 | 11 | 13.5% | +6.6% | -13.6% |
| Dec 1999 | Sep 2000 | 40 | 33.0% | +22.3% | -13.5% |
| Nov 2006 | Dec 2006 | 1 | 0.7% | -56.9% | -77.6% |
| Jan 2007 | Feb 2013 | 315 | 97.9% | -35.9% | -77.0% |
| Aug 2019 | Sep 2019 | 3 | 1.4% | -22.4% | +113.7% |
| Feb 2020 | Jan 2021 | 45 | 43.5% | +11.2% | +107.9% |
| Jan 2021 | Feb 2021 | 1 | 4.4% | +37.5% | +112.8% |
| May 2022 | May 2022 | 1 | 0.7% | -8.4% | +95.6% |
| Jun 2022 | Jun 2022 | 2 | 3.3% | +5.4% | +101.1% |
| Mar 2023 | Jul 2023 | 18 | 15.8% | +36.6% | +94.5% |
| Sep 2023 | Oct 2023 | 5 | 3.5% | +94.8% | +92.8% |
| Average | 31 | — | +8.9% | — |
Frequently Asked Questions
Is IBCP below its 200-week moving average?
No. Independent Bank Corporation (IBCP) is currently 27.4% above its 200-week moving average of $25.11. It would need to fall to $25.11 to cross below the line.
What is IBCP's 200-week moving average price?
Independent Bank Corporation's 200-week moving average is $25.11 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when IBCP drops below its 200-week moving average?
IBCP has crossed below its 200-week moving average 18 times in our data. On average, buying at that moment produced a one-year return of +8.9%. These dips have historically been decent entry points. These episodes lasted 31 weeks on average.
Is IBCP a good value right now?
Here's what our data says about IBCP as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 40. Return on equity is 14.3%. Price-to-book is 1.3x. This is not a buy or sell recommendation — always do your own research.
How does IBCP compare to the S&P 500?
Over the past 33.2 years, $100 invested in IBCP would have grown to $232, compared to $2683 for the S&P 500. That's 2.6% annualized vs 10.4% for the index. IBCP has underperformed the broader market over this period.
Does IBCP pay a dividend?
Yes. Independent Bank Corporation currently pays a dividend yield of 350.00%.
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 week of 2026-03-20