Independent Bank Corp /mi/ (IBCP) Files Form 4 Insider Selling : Stefanie M Kimball Sells 3,000 Shares

Independent Bank Corp /mi/ (IBCP): Stefanie M Kimball , Executive Vice President of Independent Bank Corp /mi/ sold 3,000 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $14.85 per share for a total value of $44,550.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 26, 2016, James J Twarozynski (Senior Vice President) sold 1,000 shares at $15.03 per share price.On Mar 16, 2016, William B Kessel (President & CEO) sold 1,500 shares at $14.64 per share price.Also, On Nov 23, 2015, Dennis J Mack (Executive Vice President) sold 4,200 shares at $15.09 per share price.On Sep 29, 2015, Joan A Budden (director) purchased 5,065 shares at $14.85 per share price.

Independent Bank Corporation(MI): On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Independent Bank Corporation(MI) which led to swings in the share price. The shares opened for trading at $14.83 and hit $15.1 on the upside , eventually ending the session at $15.05, with a gain of 1.42% or 0.21 points. The heightened volatility saw the trading volume jump to 46,624 shares. The 52-week high of the share price is $16.15 and the company has a market cap of $320 M . The 52-week low of the share price is at $13.2.

Independent Bank Corporation(MI) Money Flow Index Chart

Independent Bank Corporation is a bank holding company. The Company owns all of the outstanding stock of Independent Bank (the Bank). The Bank is engaged in commercial banking. The Bank offers a range of 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. The Bank does not offer trust services. The Company’s principal markets are the rural and suburban communities across Lower Michigan. In addition to general banking services its Bank also offers title insurance services through a separate subsidiary and investment and insurance services through a third party agreement with Cetera Investment Services LLC.

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