Independent Bank Corporation (IBCP): Price and Financial Metrics


Independent Bank Corporation (IBCP): $24.46

-0.06 (-0.24%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

IBCP POWR Grades


  • IBCP scores best on the Momentum dimension, with a Momentum rank ahead of 91.82% of US stocks.
  • IBCP's strongest trending metric is Growth; it's been moving up over the last 163 days.
  • IBCP ranks lowest in Growth; there it ranks in the 13th percentile.

IBCP Stock Summary

  • Independent Bank Corp's stock had its IPO on January 1, 1986, making it an older stock than 92.74% of US equities in our set.
  • With a price/earnings ratio of 7.74, Independent Bank Corp P/E ratio is greater than that of about just 15.91% of stocks in our set with positive earnings.
  • IBCP's equity multiplier -- a measure of assets relative to shareholders'equity -- is greater than that of 93.92% of US stocks.
  • Stocks that are quantitatively similar to IBCP, based on their financial statements, market capitalization, and price volatility, are COFS, EBMT, NBTB, OPBK, and HMNF.
  • Visit IBCP's SEC page to see the company's official filings. To visit the company's web site, go to www.independentbank.com.

IBCP Valuation Summary

  • IBCP's price/sales ratio is 2.1; this is 75% higher than that of the median Financial Services stock.
  • Over the past 243 months, IBCP's EV/EBIT ratio has gone down 10.5.
  • IBCP's price/sales ratio has moved up 0.3 over the prior 243 months.

Below are key valuation metrics over time for IBCP.

Stock Date P/S P/B P/E EV/EBIT
IBCP 2020-03-16 1.8 0.9 6.7 6.5
IBCP 2019-09-18 3.1 1.5 11.7 9.9
IBCP 2013-01-02 0.2 0.3 24.5 -59.2
IBCP 2011-08-29 0.1 0.1 -0.8 10.7
IBCP 2009-09-11 0.6 0.3 -0.4 -3.1
IBCP 2002-04-26 1.8 1.4 7.5 14.1

IBCP Growth Metrics

    Its 4 year cash and equivalents growth rate is now at -51.43%.
  • The 2 year price growth rate now stands at -41.73%.
  • Its 5 year price growth rate is now at -6.7%.
IBCP's revenue has moved up $56,093,000 over the prior 33 months.

The table below shows IBCP's growth in key financial areas (numbers in millions of US dollars).

Date Revenue Operating Cash Flow Net Income to Common Stock
2021-09-30 212.687 75.847 67.373
2021-06-30 216.532 80.818 70.995
2021-03-31 214.584 70.956 73.379
2020-12-31 191.894 58.173 56.152
2020-09-30 184.645 66.158 53.045
2020-06-30 170.061 63.996 45.906

IBCP's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.
  • IBCP has a Quality Grade of C, ranking ahead of 39.39% of graded US stocks.
  • IBCP's asset turnover comes in at 0.05 -- ranking 91st of 428 Banking stocks.
  • FFIC, MVBF, and FNMA are the stocks whose asset turnover ratios are most correlated with IBCP.

The table below shows IBCP's key quality metrics over time.

Period Asset Turnover Gross Margin ROIC
2021-06-30 0.050 1 0.020
2021-03-31 0.051 1 0.022
2020-12-31 0.048 1 0.017
2020-09-30 0.048 1 0.017
2020-06-30 0.046 1 0.015
2020-03-31 0.046 1 0.015

IBCP Price Target

For more insight on analysts targets of IBCP, see our IBCP price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $24.00 Average Broker Recommendation 1.83 (Hold)

IBCP Stock Price Chart Interactive Chart >

Price chart for IBCP

IBCP Price/Volume Stats

Current price $24.46 52-week high $25.94
Prev. close $24.52 52-week low $18.29
Day low $24.07 Volume 101,800
Day high $24.94 Avg. volume 89,771
50-day MA $23.74 Dividend yield 3.43%
200-day MA $22.39 Market Cap 520.44M

Independent Bank Corporation (IBCP) Company Bio


Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses in Michigan. The company was founded in 1864 and is based in Ionia, Michigan.


IBCP Latest News Stream


Event/Time News Detail
Loading, please wait...

IBCP Latest Social Stream


Loading social stream, please wait...

View Full IBCP Social Stream

Latest IBCP News From Around the Web

Below are the latest news stories about Independent Bank Corp that investors may wish to consider to help them evaluate IBCP as an investment opportunity.

Independent Bank Corporation Announces Date for Its Fourth Quarter 2021 Earnings Release

GRAND RAPIDS, Mich., Dec. 30, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2021 fourth quarter results on Thursday, January 27, 2022, at approximately 8:00 am ET. The release will be available on the Internet at IndependentBank.com within the “News” section of the “Investor Relations” area of the Company’s website. Brad Kessel, President and CEO, Gavin Mohr, C

Yahoo | December 30, 2021

Independent Bank Corporation Announces the Adoption of its 2022 Share Repurchase Plan

GRAND RAPIDS, Mich., Dec. 20, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its Board of Directors authorized a 2022 share repurchase plan on December 17, 2021. Under the terms of the 2022 share repurchase plan, the Company is authorized to buy back up to 1,100,000 shares, representing approximately 5% of its common stock. The 2022 share repurchase plan is authorized to last through D

Yahoo | December 20, 2021

Should You Buy Independent Bank (IBCP) After Golden Cross?

Should investors be excited or worried when a stock's 50 -day simple moving average crosses above the 200-day simple moving average?

Yahoo | November 22, 2021

Independent Bank Corporation Reports 2021 Third Quarter Results

GRAND RAPIDS, Mich., Oct. 26, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported third quarter 2021 net income of $16.0 million, or $0.73 per diluted share, versus net income of $19.6 million, or $0.89 per diluted share, in the prior-year period. For the nine months ended September 30, 2021, the Company reported net income of $50.4 million, or $2.30 per diluted share, compared to net income of $39.2 million, or $1.76 per diluted share, in the prior-year period. Highlig

Yahoo | October 26, 2021

Independent Bank (NASDAQ:IBCP) Has Affirmed Its Dividend Of US$0.21

The board of Independent Bank Corporation ( NASDAQ:IBCP ) has announced that it will pay a dividend of US$0.21 per...

Yahoo | October 23, 2021

Read More 'IBCP' Stories Here

IBCP Price Returns

1-mo N/A
3-mo 12.13%
6-mo 19.68%
1-year 26.27%
3-year 22.85%
5-year 37.54%
YTD 2.47%
2021 34.30%
2020 -14.28%
2019 11.37%
2018 -3.50%
2017 4.99%

IBCP Dividends

Ex-Dividend Date Type Payout Amount Change
Loading, please wait...
View Full IBCP Dividend History

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!


Page generated in 0.9686 seconds.