Independent Bank Corporation (Ionia, MI) (IBCP) Stock Split History

Independent Bank Corporation (Ionia, MI) has split its stock 10 times since its initial public offering (IPO). The first stock split occurred on October 01, 1998 with the ratio of 21-for-20, meaning that for 20 shares of IBCP owned pre-split, shareholders then owned 21 shares. 9 more splits have been implemented since then. The most recent stock split took place on September 01, 2010 on a 1-for-10 basis.

These splits have increased IBCP stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Independent Bank Corporation (Ionia, MI)'s total market capitalization.

For more detailed information of Independent Bank Corporation (Ionia, MI)'s stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Independent Bank Corporation (Ionia, MI) has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when IBCP stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Independent Bank Corporation (Ionia, MI)'s board of directors. Typically, no action is taken until its price per share reaches a specific threshold.