Published on 28 Nov 2023 on Simply Wall St. via Yahoo Finance
Investing in Independent Bank (NASDAQ:IBCP) three years ago would have delivered you a 42% gain
By buying an index fund, you can roughly match the market return with ease. But if you choose individual stocks with prowess, you can make superior returns. For example, the Independent Bank Corporation (NASDAQ:IBCP) share price is up 25% in the last three years, clearly besting the market return of around 14% (not including dividends).
So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.
View our latest analysis for Independent Bank