DividendChannel.com
SLIDESHOW: Top Ranked Dividend Stocks With Insider Buying
By Dividend Channel Staff, updated Wed, October 27, 6:15 PM
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#25. Independent Bank Corporation (Ionia, MI) (NASDAQ:IBCP) — 3.8% YIELD
Independent Bank is a bank holding company. Through its subsidiary, Independent Bank (the bank), Co. transacts business in the single industry of commercial banking. Co. provides various 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. Co.'s bank does not provide trust services. Co.'s principal markets are the rural and suburban communities across Lower Michigan. Most of Co.'s bank's branches provide lobby and drive-thru services, as well as automatic teller machines. Co. also provides internet and mobile banking capabilities to its customers.
IBCP — last trade: $22.03 — Recent Insider Buys:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 06/11/2021 | Ronia F. Kruse | Director | 1,000 | $22.60 | $22,600 |
| 08/02/2021 | Dennis W. Archer Jr. | Director | 1,000 | $20.69 | $20,686 |
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Avg. Broker Rec.
 
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Hold (2.50 out of 4) 5th percentile
(ranked lower than approx. 95% of all stocks covered)
Analysts' Target Price: IBCP Forecast Based on data provided by Zacks Investment Research via Quandl.com |
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