Independent Bank Corporation (IBCP): Price and Financial Metrics


Independent Bank Corporation (IBCP): $21.16

0.21 (+1.00%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

IBCP POWR Grades


  • Value is the dimension where IBCP ranks best; there it ranks ahead of 88.35% of US stocks.
  • IBCP's strongest trending metric is Growth; it's been moving down over the last 48 weeks.
  • IBCP's current lowest rank is in the Sentiment metric (where it is better than 6.98% of US stocks).

IBCP Stock Summary

  • IBCP's went public 35.75 years ago, making it older than 92.65% of listed US stocks we're tracking.
  • IBCP's current price/earnings ratio is 6.35, which is higher than just 9.27% of US stocks with positive earnings.
  • Equity multiplier, or assets relative to shareholders' equity, comes in at 11.17 for Independent Bank Corp; that's greater than it is for 93.64% of US stocks.
  • Stocks that are quantitatively similar to IBCP, based on their financial statements, market capitalization, and price volatility, are OPBK, FISI, MCBC, HMNF, and FFWM.
  • IBCP's SEC filings can be seen here. And to visit Independent Bank Corp's official 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

  • The 3 year price growth rate now stands at 48.14%.
  • Its year over year revenue growth rate is now at 30.5%.
  • The 2 year cash and equivalents growth rate now stands at 65.87%.
IBCP's revenue has moved up $52,103,000 over the prior 15 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
2021-06-30 216.532 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
2020-03-31 164.429 46.131 41.864

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 39.28% of graded US stocks.
  • IBCP's asset turnover comes in at 0.05 -- ranking 91st of 437 Banking stocks.
  • FFIC, BANC, and SBFG 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 $21.16 52-week high $24.73
Prev. close $20.95 52-week low $12.14
Day low $19.75 Volume 57,100
Day high $21.26 Avg. volume 101,295
50-day MA $20.68 Dividend yield 3.97%
200-day MA $21.43 Market Cap 455.34M

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


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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 (NASDAQ:IBCP) Is Due To Pay A 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 | August 3, 2021

Is It Smart To Buy Independent Bank Corporation (NASDAQ:IBCP) Before It Goes Ex-Dividend?

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...

Yahoo | July 31, 2021

Independent Bank Corporation Reports 2021 Second Quarter Results

GRAND RAPIDS, Mich., July 29, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported second quarter 2021 net income of $12.4 million, or $0.56 per diluted share, versus net income of $14.8 million, or $0.67 per diluted share, in the prior-year period. For the six months ended June 30, 2021, the Company reported net income of $34.4 million, or $1.56 per diluted share, compared to net income of $19.6 million, or $0.88 per diluted share, in the prior-year period. The decline

Yahoo | July 29, 2021

Independent Bank (NASDAQ:IBCP) Shareholders Booked A 47% Gain In The Last Year

Independent Bank Corporation ( NASDAQ:IBCP ) shareholders might be concerned after seeing the share price drop 11% in...

Yahoo | July 29, 2021

Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock

GRAND RAPIDS, Mich., July 27, 2021 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Board of Directors declared a quarterly cash dividend on its common stock of 21 cents per share. This dividend is payable on August 16, 2021 to shareholders of record on August 6, 2021. About Independent Bank Corporation Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding com

Yahoo | July 27, 2021

Read More 'IBCP' Stories Here

IBCP Price Returns

1-mo 2.87%
3-mo -3.37%
6-mo -6.74%
1-year 77.85%
3-year 0.79%
5-year 54.46%
YTD 17.99%
2020 -14.28%
2019 11.37%
2018 -3.50%
2017 4.99%
2016 45.64%

IBCP Dividends

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