IBCP
Independent Bank Corporation Financial Services - Banks - Regional Investor Relations →
Independent Bank Corporation (IBCP) closed at $33.61 as of 2026-05-01, trading 31.1% above its 200-week moving average of $25.63. The stock moved further from the line this week, up from 30.9% last week. The 14-week RSI sits at 46, indicating neutral momentum.
Trading volume is running at 1.3x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.91 ratio) is neutral — neither side is clearly dominating.
Over the past 2073 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 $692 million, IBCP is a small-cap stock. Return on equity stands at 14.3%. The stock trades at 1.4x book value.
Over the past 33.3 years, a hypothetical investment of $100 in IBCP would have grown to $243, compared to $2973 for the S&P 500. IBCP has returned 2.7% annualized vs 10.7% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -7.6% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($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% | +599.0% |
| Nov 1986 | Mar 1987 | 19 | 11.1% | -18.3% | +599.0% |
| Jun 1987 | Sep 1988 | 67 | 24.0% | -6.4% | +603.2% |
| Apr 1990 | May 1990 | 4 | 3.5% | +18.5% | +598.0% |
| Jul 1990 | Aug 1990 | 2 | 2.2% | +31.5% | +611.5% |
| Aug 1990 | Jan 1991 | 23 | 20.9% | +54.8% | +611.5% |
| Mar 1999 | Apr 1999 | 2 | 7.8% | -7.5% | +0.8% |
| Aug 1999 | Nov 1999 | 11 | 13.5% | +6.6% | -9.2% |
| Dec 1999 | Sep 2000 | 40 | 33.0% | +22.3% | -9.1% |
| Nov 2006 | Dec 2006 | 1 | 0.7% | -56.9% | -76.4% |
| Jan 2007 | Feb 2013 | 315 | 97.9% | -35.9% | -75.8% |
| Aug 2019 | Sep 2019 | 3 | 1.4% | -22.4% | +124.6% |
| Feb 2020 | Jan 2021 | 45 | 43.5% | +11.2% | +118.5% |
| Jan 2021 | Feb 2021 | 1 | 4.4% | +37.5% | +123.7% |
| May 2022 | May 2022 | 1 | 0.7% | -8.4% | +105.6% |
| Jun 2022 | Jun 2022 | 2 | 3.3% | +5.4% | +111.3% |
| Mar 2023 | Jul 2023 | 18 | 15.8% | +36.6% | +104.4% |
| Sep 2023 | Oct 2023 | 5 | 3.5% | +94.8% | +102.6% |
| Average | 31 | — | +8.9% | — |
Frequently Asked Questions
Is IBCP below its 200-week moving average?
No. Independent Bank Corporation (IBCP) is currently 31.1% above its 200-week moving average of $25.63. It would need to fall to $25.63 to cross below the line.
What is IBCP's 200-week moving average price?
Independent Bank Corporation's 200-week moving average is $25.63 as of 2026-05-01. 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 2026-05-01: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 46. Return on equity is 14.3%. Price-to-book is 1.4x. 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 33.3 years, $100 invested in IBCP would have grown to $243, compared to $2973 for the S&P 500. That's 2.7% annualized vs 10.7% 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 333.00%.
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 2026-05-01