Who Owns Independent Bank Stock?
NASDAQ: IBCPFinancial ServicesBanks - RegionalUSD
At close: Oct 8, 4:00 PM ET · Delayed 15 min
Ownership breakdown
- Held by institutions
- 83.04%
- Held by insiders
- 4.75%
- Institutional holders
- 276
- Institutions 83.0%
- Insiders 4.7%
- Public and other 12.2%
Who owns Independent Bank stock?
Institutional investors own about 83.0% of Independent Bank's shares, spread across 276 institutions that file 13F reports. That level of institutional ownership is high, typical of large, widely followed companies. Insiders, including executives, directors and large founding shareholders, hold 4.75% of IBCP.
The largest institutional holders are Blackrock Inc. (13.45%), Dimensional Fund Advisors LP (4.01%) and Vanguard Capital Management LLC (3.96%). Together, the top 10 institutions control 42.3% of shares outstanding. In their latest filings, 8 of the top 10 institutions increased their IBCP positions and 2 reduced them.
Summary generated from market data by MetaCap's automated system. Methodology
Top institutional holders of IBCP
| Institution | Shares | % Held | Change |
|---|---|---|---|
| Blackrock Inc. | 2.98M | 13.45% | +3.2% |
| Dimensional Fund Advisors LP | 890.44K | 4.01% | +3.4% |
| Vanguard Capital Management LLC | 879.63K | 3.96% | -2.8% |
| State Street Corporation | 824.46K | 3.71% | +15.6% |
| American Century Companies Inc | 780.99K | 3.52% | +9.5% |
| Acadian Asset Management. LLC | 756.33K | 3.41% | +26.9% |
| Charles Schwab Investment Management, Inc. | 697.72K | 3.14% | +12.0% |
| Renaissance Technologies, LLC | 617.50K | 2.78% | +6.0% |
| Geode Capital Management, LLC | 537.68K | 2.42% | +6.8% |
| Goldman Sachs Group Inc | 415.99K | 1.87% | -23.4% |
% held is the share of total shares outstanding. Change is the percentage change in the position since the holder's previous 13F filing.
Top mutual fund and ETF holders of IBCP
| Fund | Shares | % Held |
|---|---|---|
| American Century ETF Trust-Avantis U.S. Small Cap Value ETF | 701.88K | 3.16% |
| VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund | 622.50K | 2.80% |
| iShares Trust-iShares Russell 2000 ETF | 503.32K | 2.27% |
| SCHWAB STRATEGIC TRUST-Schwab US Dividend Equity ETF | 486.13K | 2.19% |
| VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund | 237.39K | 1.07% |
| JPMorgan Trust I-JPMorgan Small Cap Blend Fund | 234.63K | 1.06% |
| SPDR SERIES TRUST-State Street SPDR S&P Regional Banking ETF | 228.05K | 1.03% |
| Fidelity Salem Street Trust-Fidelity Small Cap Index Fund | 220.21K | 0.99% |
| ProShares Trust-ProShares Russell 2000 Dividend Growers ETF | 197.56K | 0.89% |
| John Hancock Investment Trust II-Regional Bank Fund | 188.54K | 0.85% |
Frequently asked questions
Who is the largest shareholder of Independent Bank?
Blackrock Inc. is the largest institutional shareholder of IBCP, owning 13.45% of shares outstanding (2.98M shares) as of its latest 13F filing.
What percentage of Independent Bank is owned by institutions?
Institutions own about 83.0% of IBCP shares and 87.2% of the public float.
How much of Independent Bank do insiders own?
Insiders, such as officers and directors, own about 4.75% of IBCP shares outstanding.
Where does institutional ownership data come from?
Investment managers with more than $100 million in US equities must file Form 13F with the SEC within 45 days of each quarter-end. Holdings are therefore up to about 4.5 months old when published.