Published on 23 Mar 2024 on Simply Wall St. via Yahoo Finance
With 75% institutional ownership, Independent Bank Corporation (NASDAQ:IBCP) is a favorite amongst...
Key Insights
Institutions' substantial holdings in Independent Bank implies that they have significant influence over the company's share priceA total of 12 investors have a majority stake in the company with 50% ownershipOwnership research along with analyst forecasts data help provide a good understanding of opportunities in a stock
If you want to know who really controls Independent Bank Corporation (NASDAQ:IBCP), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 75% to be precise, is institutions. In other words, the group stands to gain the most (or lose the most) from their investment into the company.