INDEPENDENT BK CORP MICH IBCP
COM NEW · Common Stock · CUSIP 453838609
- SectorFinancials
- IndustryState Commercial Banks
- HeadquartersGrand Rapids, MI
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($950.3k this quarter). Holder counts are more reliable. Shares outstanding: 21.0m as of 2025-03-06, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $30.79. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 123 |
| Q4 2022 | 132 |
| Q1 2023 | 130 |
| Q2 2023 | 121 |
| Q3 2023 | 116 |
| Q4 2023 | 135 |
| Q1 2024 | 134 |
| Q2 2024 | 143 |
| Q3 2024 | 151 |
| Q4 2024 | 174 |
| Q1 2025 | 167 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 49 | 76 |
| Q3 2023 | 47 | 53 |
| Q4 2023 | 66 | 48 |
| Q1 2024 | 63 | 64 |
| Q2 2024 | 74 | 58 |
| Q3 2024 | 73 | 62 |
| Q4 2024 | 78 | 68 |
| Q1 2025 | 77 | 75 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $0 | $0 | — |
| Q3 2024 | $0 | $0 | — |
| Q4 2024 | $62.7k | $17.4k | 0.28 |
| Q1 2025 | $0 | $0 | — |
Biggest buyers
| BlackRock, Inc. | Added | +226.3k |
| VANGUARD GROUP INC | Added | +116.3k |
| MILLENNIUM MANAGEMENT LLC | Added | +108.0k |
| Qube Research & Technologies Ltd | Added | +90.0k |
| Cubist Systematic Strategies, LLC | Added | +55.6k |
| ExodusPoint Capital Management, LP | Added | +52.2k |
| AMERICAN CENTURY COMPANIES INC | Added | +44.1k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +42.3k |
| LSV ASSET MANAGEMENT | Added | +40.9k |
| TWO SIGMA INVESTMENTS, LP | Added | +37.5k |
Biggest sellers
| Boston Partners | Reduced | -332.8k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Sold out | -289.3k |
| Russell Investments Group, Ltd. | Reduced | -141.9k |
| Assenagon Asset Management S.A. | Reduced | -118.2k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Reduced | -113.8k |
| Empowered Funds, LLC | Sold out | -67.7k |
| AMERIPRISE FINANCIAL INC | Reduced | -66.2k |
| BANK OF AMERICA CORP /DE/ | Reduced | -63.4k |
| MACKENZIE FINANCIAL CORP | Sold out | -46.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -37.2k |
Biggest calls
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-03-07 | 8.9% |
| BlackRock Portfolio Management LLC 13G · institution new · filed 2025-04-15 | 5.9% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.1% |
Fell to 5% or below in the last year: FMR LLC (2.7%, 2026-05-06), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2023 | 3 | $80.7k | 0 | — | — |
| Q3 2023 | 0 | — | 1 | $41.0k | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 3 | $135.8k | — |
| Q3 2024 | 0 | — | 2 | $113.0k | — |
| Q4 2024 | 2 | $39.8k | 1 | $150.8k | — |
| Q1 2025 | 0 | — | 0 | — | — |
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 3.1m $95.1m | Added +226.3k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.3m $41.1m | Added +116.3k |
| FMR LLC 0.00% of their portfolio | 1.1m $32.8m | Added +18.2k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 910.8k $28.0m | Reduced -35.2k |
| FJ Capital Management LLC 2.18% of their portfolio | 683.2k $21.0m | Added +12.7k |
| STATE STREET CORP 0.00% of their portfolio | 671.2k $20.7m | Reduced -4.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 608.0k $18.7m | Added +42.3k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 567.7k $17.5m | Added +44.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 525.6k $16.2m | Added +29.2k |
| ACADIAN ASSET MANAGEMENT LLC 0.04% of their portfolio | 502.0k $15.5m | Added +897 |
| LSV ASSET MANAGEMENT 0.03% of their portfolio | 460.0k $14.2m | Added +40.9k |
| Nuveen, LLC 0.00% of their portfolio | 426.2k $13.1m | First filing |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 418.9k $12.9m | Reduced -28.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 404.2k $12.4m | Added +320 |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 326.1k $10.0m | Reduced -11.0k |
| PL Capital Advisors, LLC 3.30% of their portfolio | 319.0k $9.8m | Unchanged |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 306.1k $9.4m | Reduced -13.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 299.0k $9.2m | Added +12.9k |
| ProShare Advisors LLC 0.02% of their portfolio | 228.1k $7.0m | Added +20.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 213.9k $6.6m | Reduced -5.0k |
| Foundry Partners, LLC 0.35% of their portfolio | 211.8k $6.5m | Reduced -1.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 168.1k $5.2m | Reduced -4.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 164.8k $5.1m | Reduced -2.4k |
| MORGAN STANLEY 0.00% of their portfolio | 161.8k $5.0m | Added +13.6k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 131.0k $4.0m | Added +108.0k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 122.9k $3.8m | Reduced -676 |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 119.6k $3.7m | Reduced -23.5k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio | 110.9k $3.4m | Added +24.6k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 104.8k $3.2m | Added +90.0k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 88.6k $2.7m | Reduced -13.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 88.5k $2.7m | Reduced -17.3k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 84.8k $2.6m | Reduced -141.9k |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 81.4k $2.5m | Added +23.5k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 77.4k $2.4m | Reduced -1.2k |
| BARCLAYS PLC 0.00% of their portfolio | 75.5k $2.3m | Reduced -8.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 71.1k $2.2m | Added +13.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 67.1k $2.1m | Reduced -66.2k |
| MALTESE CAPITAL MANAGEMENT LLC 0.33% of their portfolio | 65.0k $2.0m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 61.4k $1.9m | Reduced -63.4k |
| ExodusPoint Capital Management, LP 0.02% of their portfolio | 61.3k $1.9m | Added +52.2k |
| Cubist Systematic Strategies, LLC 0.02% of their portfolio | 61.0k $1.9m | Added +55.6k |
| AXA S.A. 0.01% of their portfolio | 56.4k $1.7m | Added +6.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 53.9k $1.7m | Added +34.6k |
| MARTINGALE ASSET MANAGEMENT L P 0.04% of their portfolio | 53.4k $1.6m | Added +1.3k |
| Advisory Services Network, LLC 0.03% of their portfolio | 51.1k $1.6m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 49.8k $1.5m | Added +37.5k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 48.1k $1.5m | Added +14.0k |
| Invesco Ltd. 0.00% of their portfolio | 47.5k $1.5m | Reduced -4.3k |
| GLOBEFLEX CAPITAL L P 0.12% of their portfolio | 42.7k $1.3m | Unchanged |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 42.2k $1.3m | Added +10.0k |
| Swiss National Bank 0.00% of their portfolio | 40.5k $1.2m | Reduced -800 |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio | 39.0k $1.2m | Reduced -4.0k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 38.7k $1.2m | Reduced -2.9k |
| UBS Group AG 0.00% of their portfolio | 37.9k $1.2m | Added +4.1k |
| Trexquant Investment LP 0.01% of their portfolio | 35.5k $1.1m | Reduced -16.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 33.8k $1.0m | Added +19.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 33.5k $1.0m | First filing |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 33.2k $1.0m | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 32.4k $997.8k | Reduced -171 |
| HUDSON EDGE INVESTMENT PARTNERS INC. 0.20% of their portfolio | 31.3k $962.4k | Added +9.6k |
| Alberta Investment Management Corp 0.01% of their portfolio | 30.3k $932.9k | Unchanged |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 29.0k $893.9k | Reduced -943 |
| SummerHaven Investment Management, LLC 0.62% of their portfolio | 29.0k $893.2k | Added +395 |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 28.8k $886.5k | New |
| CITIGROUP INC 0.00% of their portfolio | 28.3k $871.2k | Reduced -1.5k |
| GSA CAPITAL PARTNERS LLP 0.07% of their portfolio | 26.7k $823.0k | Added +10.2k |
| Creative Planning 0.00% of their portfolio | 26.3k $810.0k | Reduced -11.8k |
| Brandywine Global Investment Management, LLC 0.01% of their portfolio | 25.4k $783.2k | Reduced -1.0k |
| SG Americas Securities, LLC 0.00% of their portfolio | 25.3k $780.0k | Added +10.4k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 25.2k $777.3k | Added +11.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 24.8k $763.0k | Reduced -37.2k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.01% of their portfolio | 24.1k $742.9k | Added +4.6k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 23.6k $727.9k | Added +9.4k |
| Man Group plc 0.00% of their portfolio | 23.0k $707.0k | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 21.7k $667.9k | Unchanged |
| BAILARD, INC. 0.02% of their portfolio | 21.3k $654.6k | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 20.4k $626.9k | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 19.5k $599.7k | Unchanged |
| AlphaQuest LLC 0.07% of their portfolio | 19.4k $598.8k | Added +5.2k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 19.4k $598.0k | Reduced -113.8k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.01% of their portfolio | 19.0k $585.3k | Added +13.2k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 18.9k $581.9k | Added +8.0k |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 18.8k $579.0k | Added +6.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 18.3k $563.5k | Reduced -22 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 18.1k $559.0k | Reduced -20.9k |
| Rafferty Asset Management, LLC 0.00% of their portfolio | 18.1k $556.3k | Added +952 |
| Campbell & CO Investment Adviser LLC 0.04% of their portfolio | 18.0k $553.0k | Added +6.4k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.00% of their portfolio | 17.7k $545.7k | Added +6.1k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 16.9k $521.0k | Added +7.7k |
| HRT FINANCIAL LP 0.00% of their portfolio | 16.8k $517.0k | New |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 16.5k $507.3k | Reduced -2.4k |
| Verition Fund Management LLC 0.00% of their portfolio | 15.6k $480.9k | Added +5.1k |
| Boston Partners 0.00% of their portfolio | 15.2k $469.1k | Reduced -332.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 15.1k $464.3k | Added +4.1k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.06% of their portfolio | 14.4k $445.1k | New |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 14.1k $433.0k | Reduced -118.2k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 14.0k $432.6k | Added +28 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 14.0k $431.6k | Reduced -1.7k |
| Rehmann Capital Advisory Group 0.03% of their portfolio | 13.6k $418.2k | Reduced -400 |
| Sterling Capital Management LLC 0.01% of their portfolio | 13.3k $409.7k | Reduced -1.4k |