Independent Bank Corporation (IBCP): Price and Financial Metrics


Independent Bank Corporation (IBCP): $24.19

-0.60 (-2.42%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

IBCP POWR Grades

  • Stability is the dimension where IBCP ranks best; there it ranks ahead of 92.84% of US stocks.
  • The strongest trend for IBCP is in Stability, which has been heading up over the past 177 days.
  • IBCP ranks lowest in Quality; there it ranks in the 42nd percentile.

IBCP Stock Summary

  • INDEPENDENT BANK CORP's stock had its IPO on January 1, 1986, making it an older stock than 93.49% of US equities in our set.
  • Price to trailing twelve month operating cash flow for IBCP is currently 3.41, higher than just 14.33% of US stocks with positive operating cash flow.
  • Equity multiplier, or assets relative to shareholders' equity, comes in at 13.56 for INDEPENDENT BANK CORP; that's greater than it is for 95.83% of US stocks.
  • Stocks with similar financial metrics, market capitalization, and price volatility to INDEPENDENT BANK CORP are FISI, UBFO, MCBC, FRAF, and UMPQ.
  • 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

  • In comparison to the median Financial Services stock, IBCP's EV/EBIT ratio is 27.19% lower, now standing at 8.3.
  • Over the past 243 months, IBCP's price/sales ratio has gone up 0.6.

Below are key valuation metrics over time for IBCP.

Stock Date P/S P/B P/E EV/EBIT
IBCP 2022-12-02 2.5 1.6 8.6 8.3
IBCP 2022-12-01 2.6 1.6 8.6 8.3
IBCP 2022-11-30 2.5 1.6 8.5 8.2
IBCP 2022-11-29 2.5 1.5 8.4 8.1
IBCP 2022-11-28 2.5 1.5 8.4 8.1
IBCP 2022-11-25 2.5 1.6 8.5 8.2

IBCP Growth Metrics

    Its 3 year cash and equivalents growth rate is now at 53.33%.
  • The 5 year net income to common stockholders growth rate now stands at 83.89%.
  • Its 2 year net income to common stockholders growth rate is now at 40.51%.
IBCP's revenue has moved up $35,382,000 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
2022-09-30 204.875 149.61 60.773
2022-06-30 205.419 104.681 59.438
2022-03-31 204.694 113.66 58.825
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

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 $24.19 52-week high $26.00
Prev. close $24.79 52-week low $17.87
Day low $23.80 Volume 62,800
Day high $24.55 Avg. volume 82,037
50-day MA $22.16 Dividend yield 3.55%
200-day MA $21.07 Market Cap 509.56M

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.

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 16, 2022

Independent Bank Corporation (NASDAQ:IBCP) Passed Our Checks, And It's About To Pay A US$0.22 Dividend

It looks like Independent Bank Corporation ( NASDAQ:IBCP ) is about to go ex-dividend in the next three days...

Yahoo | October 30, 2022

Independent Bank Corporation Reports 2022 Third Quarter Results

GRAND RAPIDS, Mich., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported third quarter 2022 net income of $17.3 million, or $0.81 per diluted share, versus net income of $16.0 million, or $0.73 per diluted share, in the prior-year period. For the nine months ended September 30, 2022, the Company reported net income of $48.3 million, or $2.27 per diluted share, compared to net income of $50.4 million, or $2.30 per diluted share, in the prior-year period. William

Yahoo | October 25, 2022

Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock

GRAND RAPIDS, Mich., Oct. 18, 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 November 14, 2022 to shareholders of record on November 4, 2022. About Independent Bank Corporation Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding

Yahoo | October 18, 2022

Independent Bank Corporation Announces Date for Its Third Quarter 2022 Earnings Release

GRAND RAPIDS, Mich., Sept. 28, 2022 (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 2022 third quarter results on Tuesday, October 25, 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, CF

Yahoo | September 28, 2022

Read More 'IBCP' Stories Here

IBCP Price Returns

1-mo 4.04%
3-mo 21.89%
6-mo 33.45%
1-year 7.87%
3-year 24.56%
5-year 27.14%
YTD 5.52%
2021 34.30%
2020 -14.28%
2019 11.37%
2018 -3.50%
2017 4.99%

IBCP Dividends

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