Independent Bank Corporation (IBCP): Price and Financial Metrics


Independent Bank Corporation (IBCP): $18.91

-0.19 (-0.99%)

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 89.62% of US stocks.
  • The strongest trend for IBCP is in Momentum, which has been heading up over the past 179 days.
  • IBCP's current lowest rank is in the Growth metric (where it is better than 6.76% of US stocks).

IBCP Stock Summary

  • Independent Bank Corp's stock had its IPO on January 1, 1986, making it an older stock than 92.84% of US equities in our set.
  • Price to trailing twelve month operating cash flow for IBCP is currently 4.46, higher than only 14.51% of US stocks with positive operating cash flow.
  • IBCP's equity multiplier -- a measure of assets relative to shareholders'equity -- is greater than that of 94.28% of US stocks.
  • Stocks that are quantitatively similar to IBCP, based on their financial statements, market capitalization, and price volatility, are OPBK, EBMT, HMNF, BHLB, and FISI.
  • 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

    Its 3 year net cashflow from operations growth rate is now at 53.5%.
  • Its 2 year net cashflow from operations growth rate is now at 9.04%.
  • The 2 year cash and equivalents growth rate now stands at 65.87%.
IBCP's revenue has moved up $23,691,000 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
2021-12-31 208.336 110.154 62.895
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

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 $18.91 52-week high $26.00
Prev. close $19.10 52-week low $17.87
Day low $18.80 Volume 87,500
Day high $19.05 Avg. volume 94,240
50-day MA $19.51 Dividend yield 4.65%
200-day MA $22.18 Market Cap 398.02M

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 (IBCP) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

Independent Bank (IBCP) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Yahoo | February 1, 2022

Independent Bank (NASDAQ:IBCP) Is Increasing Its Dividend To US$0.22

Independent Bank Corporation ( NASDAQ:IBCP ) has announced that it will be increasing its dividend on the 15th of...

Yahoo | January 28, 2022

Independent Bank Corporation Reports 2021 Fourth Quarter and Full Year Results

GRAND RAPIDS, Mich., Jan. 27, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported fourth quarter 2021 net income of $12.5 million, or $0.58 per diluted share, versus net income of $17.0 million, or $0.77 per diluted share, in the prior-year period. For the year ended December 31, 2021, the Company reported net income of $62.9 million, or $2.88 per diluted share, compared to net income of $56.2 million, or $2.53 per diluted share, in 2020. The increase in full year 2021

Yahoo | January 27, 2022

Independent Bank Corporation Announces 5% Increase in Quarterly Cash Dividend on Common Stock

GRAND RAPIDS, Mich., Jan. 24, 2022 (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 22 cents per share. This dividend is payable on February 15, 2022 to shareholders of record on February 4, 2022. The quarterly dividend represents a 5% increase over the quarterly dividend rate paid for each quarter in 2021.

Yahoo | January 24, 2022

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

Read More 'IBCP' Stories Here

IBCP Price Returns

1-mo -4.54%
3-mo -13.80%
6-mo -19.17%
1-year -9.42%
3-year -2.47%
5-year 3.79%
YTD -19.17%
2021 34.30%
2020 -14.28%
2019 11.37%
2018 -3.50%
2017 4.99%

IBCP Dividends

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