Franklin Resources Inc. increased its stake in Independent Bank Co. ( NASDAQ:IBCP – Free Report ) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,756 shares of the financial services provider’s stock after purchasing an additional 1,217 shares during the period. Franklin Resources Inc. owned approximately 0.16% of Independent Bank worth $1,095,000 as of its most recent SEC filing. Several other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in Independent Bank by 202.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 171,090 shares of the financial services provider’s stock worth $5,706,000 after buying an additional 114,487 shares in the last quarter. Acadian Asset Management LLC grew its position in Independent Bank by 27.8% in the second quarter. Acadian Asset Management LLC now owns 423,631 shares of the financial services provider’s stock worth $11,432,000 after acquiring an additional 92,148 shares in the last quarter. Principal Financial Group Inc. increased its stake in Independent Bank by 28.7% in the third quarter. Principal Financial Group Inc. now owns 349,631 shares of the financial services provider’s stock valued at $11,660,000 after acquiring an additional 77,874 shares during the last quarter. AQR Capital Management LLC raised its position in Independent Bank by 75.8% during the second quarter. AQR Capital Management LLC now owns 174,011 shares of the financial services provider’s stock valued at $4,698,000 after purchasing an additional 75,022 shares in the last quarter. Finally, FMR LLC lifted its stake in Independent Bank by 7.2% during the third quarter. FMR LLC now owns 1,034,775 shares of the financial services provider’s stock worth $34,510,000 after purchasing an additional 69,504 shares during the last quarter. 79.43% of the stock is currently owned by institutional investors. Insider Activity at Independent Bank In other news, EVP Gavin A. Mohr acquired 800 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were purchased at an average price of $36.71 per share, for a total transaction of $29,368.00. Following the completion of the transaction, the executive vice president now owns 18,662 shares of the company’s stock, valued at $685,082.02. The trade was a 4.48 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . 5.45% of the stock is currently owned by company insiders. Wall Street Analyst Weigh In Check Out Our Latest Analysis on Independent Bank Independent Bank Stock Performance Independent Bank stock opened at $34.69 on Friday. The firm has a fifty day simple moving average of $36.28 and a two-hundred day simple moving average of $32.89. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.18. Independent Bank Co. has a twelve month low of $22.53 and a twelve month high of $40.32. The company has a market capitalization of $724.81 million, a PE ratio of 11.80 and a beta of 1.02. Independent Bank ( NASDAQ:IBCP – Get Free Report ) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.11). The company had revenue of $77.84 million for the quarter, compared to analysts’ expectations of $55.05 million. Independent Bank had a net margin of 19.93% and a return on equity of 15.26%. During the same quarter in the prior year, the company earned $0.83 earnings per share. Research analysts expect that Independent Bank Co. will post 3.02 EPS for the current year. Independent Bank Announces Dividend The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Tuesday, November 5th. Independent Bank’s payout ratio is 32.65%. About Independent Bank ( Free Report ) Independent Bank Corporation operates as the bank holding company for Independent Bank that provides commercial banking services to individuals and businesses in rural and suburban communities in Michigan. It offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. Featured Articles Five stocks we like better than Independent Bank What is a Low P/E Ratio and What Does it Tell Investors? Buffett Takes the Bait; Berkshire Buys More Oxy in December What is a buyback in stocks? A comprehensive guide for investors Top 3 ETFs to Hedge Against Inflation in 2025 3 Small Caps With Big Return Potential These 3 Chip Stock Kings Are Still Buys for 2025 Receive News & Ratings for Independent Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Independent Bank and related companies with MarketBeat.com's FREE daily email newsletter .
Man held for indecent talk about deities$HAREHOLDER INVESTIGATION: The M&A Class Action Firm Continues to Investigate the Mergers of MKFG, CFB, and ARCHPost sports betting writer Dylan Svoboda is in his first season in the NFL Bettor’s Guide. Detroit Lions (-6.5) over CHICAGO BEARS The Lions are suddenly in a must-win scenario with the No. 1 seed in the NFC on the line. After the loss to the Bills last week, Detroit can’t afford a loss to the lowly Bears, who have lost eight straight. Good news for Dan Campbell & Co. The Bears appear to be imploding after a dreadful “Monday Night Football” loss to the Vikings. The Bears kept it close in their last matchup in Detroit, but that was a wonky, short-week Thanksgiving game that I’m not putting much stock in. It won’t be as close this week. This is the perfect bounce-back spot for the Lions. Tampa Bay Buccaneers (-4) over DALLAS COWBOYS Coming off an impressive 40-17 win over the Chargers, the Buccaneers need a win to keep control of the NFC South. Baker Mayfield is playing some of the best football of his career, and the Cowboys may be a little overvalued after recent wins over the Giants and Panthers. Tampa Bay is a different animal. Betting on the NFL? The Bucs have been a strong 4-2 against the spread as a favorite and 9-5 overall. With the playoffs to play for, bet on a relatively stress-free win for the NFC South hopefuls. LAST WEEK: 0-2: Steelers (L), Panthers (L) SEASON: 4-10. Why Trust New York Post Betting Dylan Svoboda is a versatile writer and analyst across many sports. He’s particularly knowledgeable about the big three — MLB, the NFL and the NBA.Brandon Ingram Injury Status – Pelicans vs. Warriors Injury Report November 22
Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate products and services to help you make smart decisions with your money. My father always told me that it's better to save $5 than nothing at all — some savings is better than none. My father also made sure I understood that the first priority is paying off bills immediately. I get the most out of a Costco membership so I never feel like I have to eat out. When I graduated from school and started working my first job, my father called. We were on the phone for two hours that night discussing money — specifically, how I should handle my money so that I wasn't without resources when I needed them. My father's view was always that I take care of home first. He told me, "If you're working, there are steps you should take so you are always comfortable." When he said comfortable, he meant that I was secure. "Always take care of home first and then work outward from there," he said. When student loan payments resumed in 2023, many people feared they would have to choose between their student loan payments and groceries — or even rent. When I was paying my student loans back, there were times when I didn't go out or didn't buy something I may have wanted right then, and I was known to say, "I can always go home." I think like that to this day, even when I have the money. Here is the advice my father gave me. 1. Save as much money as you can I save money now automatically, so it's in my savings account before I even see it. My father always told me that it's better to save $5 than nothing at all. I can't tell you how many times having money saved helped me out when emergencies came up — whether it was replacing a washer/dryer in my new home or arriving very late in Paris and learning the room I had reserved was no longer available, and the only one left was $175 more per night . What my father was trying to tell me, and what I saw for myself, was that having money gives you options and can be a safety net for when things don't go as planned. No matter what is happening, I always save a portion of my income. Estimate Your Interest Earnings 2. Pay all of my household bills first, including that cellphone bill Sometimes we have to learn these money lessons the hard way. I can tell you that I have had friends who have had their electricity turned off — and even a friend who had her water shut off after not paying the bill for six months in her brand-new home. My father was and is a great example of how to run a home. When the first of the month came around, he paid every bill that was due. Since this was before you could pay all of your bills online, there were times when I went with him to pay the bills that he did not mail. So when I started working and had my first apartment, he told me, "When you get paid, every bill associated with your home should be paid. That is the first thing you do." And that is what I do to this day. I pay every bill in my home first: rent, cable, electricity, water, and my cellphone bill. Our cellphones are such a big part of our lives, and you may even use your cellphone for work. Make sure that everything you need for your home to run well is taken care of. 3. Stock your refrigerator When you first start earning money, it's so easy to go out, to buy that piece of clothing, or to meet friends for drinks. But it doesn't make any sense to spend $100 on drinks with friends when you don't have groceries in the fridge. Since I can be a homebody, especially during the winter months, this piece of advice is easy for me to follow, but look at the common sense aspect of it. When I hear people say that they are eating beans and rice or ramen noodles and they cannot afford anything else, I always wonder about the money they spent that day. Did you buy coffee, have lunch out, or buy clothing? When I stock my fridge, that is exactly what I do. I can easily have five weeks of groceries in my apartment. Then when I do need to go to the grocery store, it's only for something I have run out of. I'm not starting fresh at the grocery store every week. I also have a Costco membership and buy items I know I use all the time in bulk. My home is my sanctuary, and I can spend time there without spending more money. I have books and magazines that I like to read, I have every snack that I like to eat, and I subscribe to Netflix and Apple TV+. Since I have poured into my home upfront, if I decide not to go out, I don't feel like I am missing out on anything, and I save so much money. It comes down to paying yourself first. Instead of giving yourself what's left, take the first slice and set yourself up for financial stability. Credit scores Credit history Credit reports Budgeting Saving Housing Retirement The economy Financial trends
MALAGA, Spain (AP) — The last man to face — and beat — Rafael Nadal in professional tennis, 80th-ranked Botic van de Zandschulp , converted his 10th match point Friday to finally close out a 6-4, 6-7 (12), 6-3 victory over Daniel Altmaier and help the Netherlands reach its first Davis Cup final by sweeping Germany. Tallon Griekspoor, who is ranked 40th, sealed the 2-0 win for the Dutch in the best-of-three-match semifinal by hitting 25 aces and coming back to defeat Jan-Lennard Struff 6-7 (4), 7-5, 6-4. When it ended, appropriately, on an ace, Griekspoor shut his eyes, dropped to his knees and spread his arms wide. “We have been talking about this for two, three years,” Griekspoor said. “We believed in ourselves so much. We always felt like this was possible. To do it now feels unbelievable.” The other semifinal is Saturday, with No. 1-ranked Jannik Sinner and defending champion Italy taking on Australia . The championship will be decided Sunday. “We don’t have that top 5 player. We don’t that top 10 player. We don’t have that top 15 player,” Dutch captain Paul Harhuuis said. “But it’s a team effort. ... So proud of these guys.” In Friday's opener, van de Zandschulp was up a set and just a point away from leading 5-2 in the second when Altmaier began playing more aggressively and interacting more with the German fans, yelling and throwing uppercuts or raising his arms after key points. In the tiebreaker, Altmaier managed to save five match points before converting his own fourth set point to extend the contest. But van de Zandschulp — who upset four-time Grand Slam champion Carlos Alcaraz at the U.S. Open — quickly moved out front in the final set, even if he eventually needed five more match points in the last game before serving it out. “At some point, I didn’t know what to do any more on the match points,” van de Zandschulp said. “I had the toughest match of my life on Tuesday (against Nadal), so everything that comes next is maybe a little bit easier.” In the quarterfinals, van de Zandschulp outplayed Nadal for a 6-4, 6-4 result that marked the end of the 22-time Grand Slam champion’s career because the Netherlands went on to eliminate Spain 2-1. The 38-year-old Nadal announced last month that the Davis Cup would be his final event before retiring. Presumably because people purchased tickets ahead of time with plans to watch Nadal compete in the semifinals, there were hundreds of unoccupied blue or gray seats surrounding the indoor hard court at the Palacio de Deportes Jose Maria Martina Carpena in southern Spain on Friday. Now truly a neutral site, the place was not nearly as loud and rowdy as on Tuesday, although there were shouts of “Vamos, Rafa!” that drew laughter while van de Zandschulp played the 88th-ranked Altmaier. It took Griekspoor more than 75 minutes and nearly two full sets to figure out how to break No. 43 Struff and then did it twice in a row — to lead 6-5 in the second set, and then go up 1-0 in the third. That was plenty, because Griekspoor saved the only two break points he faced. The Netherlands hadn’t been to the semifinals since 2001. The Germans — whose best current player, two-time major finalist Alexander Zverev, is not on the team in Malaga — have won three Davis Cups, but not since 1993, when 1991 Wimbledon champion Michael Stich led them to the title. ___ AP tennis: https://apnews.com/hub/tennis Howard Fendrich, The Associated PressElon’s STATUS rises with election
TORONTO — Canada's main stock index pushed higher to end Monday up almost 150 points on light trading action, while U.S. stock markets also gained. The S&P/TSX composite index was up 149.50 points at 24,748.98. In New York, the Dow Jones industrial average was up 66.69 points at 42,906.95. The S&P 500 index was up 43.22 points at 5,974.07, while the Nasdaq composite was up 192.29 points at 19,764.89. The Canadian dollar traded for 69.47 cents US compared with 69.61 cents US on Friday. The February crude oil contract was down 22 cents at US$69.24 per barrel and the February natural gas contract was down six cents at US$3.35 per mmBTU. The February gold contract was down US$16.90 at US$2,628.20 an ounce and the March copper contract was down one cent at US$4.09 a pound. This report by The Canadian Press was first published Dec. 23, 2024. Companies in this story: (TSX:GSPTSE, TSX:CADUSD) The Canadian Press
Exciting Developments for AMD Fans AMD is making waves as it prepares to launch a new lineup of CPUs and GPUs. The tech community is abuzz with anticipation for the release early next year, sending AMD’s stock up by 4.76%. The spotlight is on AMD’s rumored Ryzen 9 9950X3D and Ryzen 9 9900X3D CPUs, in addition to the highly anticipated RDNA 4 GPUs, specifically the RX 9070 XT. These innovations are expected to redefine performance standards in gaming and content creation. Unleashing the Power of Ryzen 9 9950X3D The upcoming Ryzen 9 9950X3D is designed to impress. It will feature enhanced clock speeds to handle demanding applications with ease, complemented by AI-boosted performance. Users can look forward to a turbo boost reaching up to 5.70 GHz, offering unprecedented speed. Its 16 cores and 32 threads ensure users can tackle gaming, content creation, and multitasking efficiently. Built using a 4 nm process, it promises energy efficiency with reduced heat output, a big plus for tech enthusiasts. Revolutionary RDNA 4 GPUs AMD’s unveiling of the RX 9000 series starts with the RX 9070 XT GPU, set to transform gaming graphics. With improved ray tracing capabilities, it aims to deliver stunningly realistic lighting and shadow effects. The graphics card is expected to have a clock speed up to 3.0 GHz and improved power efficiency, making it perfect for extended use in gaming systems or editing suites. These upcoming releases not only satisfy the growing demands of tech users but also signal promising financial prospects for AMD. AMD’s Next-Gen Breakthroughs: What You Need to Know Embracing Next-Gen Tech: AMD’s Upcoming Lineup AMD fans and tech enthusiasts are eagerly anticipating a new wave of cutting-edge CPUs and GPUs set for release early next year. This surge of innovation is fueling excitement in the tech community and driving AMD stock prices up by 4.76%. The anticipated Ryzen 9 9950X3D and Ryzen 9 9900X3D CPUs, along with the RDNA 4 GPUs like the RX 9070 XT, promise to set new performance benchmarks in gaming and content creation. Ryzen 9 9950X3D: Unmatched Performance and Energy Efficiency The Ryzen 9 9950X3D stands poised to redefine processing power. Boasting a turbo boost capability reaching up to 5.70 GHz, this CPU is tailored for demanding applications, aided by AI-boosted performance for enhanced efficiency. Featuring 16 cores and 32 threads, it is designed for high-intensity gaming and content creation, seamlessly handling multitasking. Manufactured with a 4 nm process, this CPU offers energy efficiency and reduced heat output, catering to the needs of sustainable tech solutions. RDNA 4 GPUs: Elevating Graphics to New Heights The forthcoming RX 9070 XT GPU from AMD’s RX 9000 series promises significant advancements in gaming graphics, with an emphasis on improved ray tracing capabilities. These enhancements intend to deliver hyper-realistic lighting and shadow effects, elevating the visual gaming experience. Clock speeds are expected to reach up to 3.0 GHz, with improved power efficiency perfect for prolonged gaming sessions or intensive editing tasks. AMD’s Path to Market Leadership: Insights and Predictions These anticipated releases not only aim to meet the growing expectations of tech users but also forecast a promising financial horizon for AMD. Market analysts predict these innovations will solidify AMD’s position as a leader in the CPU and GPU markets, potentially attracting a broader customer base and boosting the company’s market share. Sustainability and Innovation at AMD AMD’s commitment to sustainability is highlighted by the 4 nm process technology, which promises energy-efficient operations. This innovative manufacturing process reflects AMD’s dedication to reducing environmental impact while delivering high-performance technology. For more information about AMD and its product offerings, visit the official AMD website .
Meghan Markle reveals Thanksgiving plans — and the guest who once showed upThe Supreme Court of Ghana has intervened in the ongoing election petition saga by ordering the reassignment of petitions filed by the New Patriotic Party (NPP) to a different High Court judge. This ruling comes after the Supreme Court quashed earlier orders issued by the original judge, citing concerns about potential bias. The NPP had filed mandamus applications in the High Court, requesting the Electoral Commission (EC) to re-collate election results in nine constituencies where they believed irregularities had occurred. Initially, the High Court granted the NPP’s request, leading to the re-collation of results in seven constituencies. However, the National Democratic Congress (NDC) challenged these orders, arguing they were illegal and procedurally flawed. On Thursday, December 27, 2024, the Supreme Court upheld the NDC’s challenge, emphasizing that while the petitions themselves remain valid, the previous orders were quashed due to procedural concerns. The Supreme Court’s ruling also directed that the petitions be heard by a different High Court judge in order to maintain the integrity of the judicial process. This reassignment is expected to have significant implications on the ongoing election disputes. Given the time constraints imposed by the national electoral calendar, the Supreme Court has expedited the process, setting a deadline for the new judge to hear and determine the petitions by December 31, 2024. The outcome of these petitions will have a critical influence on the final results of the parliamentary elections in the affected constituencies.Music doesn’t just evoke memories — it can change how we remember the past: studyAn online debate over foreign workers in tech shows tensions in Trump’s political coalition