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63
IBCP Quote, Financials, Valuation and Earnings
Last price:
$34.94
Seasonality move
:
35.87%
Day range:
$34.43 - $35.39
52-week range:
$26.75 - $37.13
Dividend yield:
2.98%
P/E ratio:
10.68x
P/S ratio:
2.32x
P/B ratio:
1.43x
Volume:
167.7K
Avg. volume:
138.6K
1-year change:
-1.88%
Market cap:
$717.8M
Revenue:
$308.6M
EPS (TTM):
$3.27
Analysts' Opinion
-
Consensus RatingIndependent Bank Corp. (Michigan) has received a consensus rating of Hold. The company's average rating is a Hold based on 0 Buy ratings, 5 Hold ratings, and 0 Sell ratings.
-
Price Target UpsideAccording to analysts' consensus price target of $37.40, Independent Bank Corp. (Michigan) has an estimated upside of 7.07% from its current price of $34.93.
-
Price Target DownsideAccording to analysts, the lowest downside price target is $36.00 representing -3.06% downside risk from its current price of $34.93.
Fair Value
-
According to the consensus of 5 analysts, Independent Bank Corp. (Michigan) has 7.07% upside to fair value with a price target of $37.40 per share.
IBCP vs. S&P 500
-
Over the past 5 trading days, Independent Bank Corp. (Michigan) has overperformed the S&P 500 by 3.52% suggesting its relative strength compared to the major market average is strong at this time.
Share Buyback
-
Independent Bank Corp. (Michigan) does have a share repurchase program in place at this time. The scale of a buyback program can materially affect share price and usually results in a higher earnings per share, all else being equal, when the share count drops.
Revenue Growth
-
Independent Bank Corp. (Michigan) revenues have been falling on a year-over-year basis for 1 quarter in a row. In the most recent quarter Independent Bank Corp. (Michigan) reported revenues of $79.4M.
Earnings Growth
-
Independent Bank Corp. (Michigan) has grown year-over-year earnings for 2 quarters straight. In the most recent quarter Independent Bank Corp. (Michigan) reported earnings per share of $0.89.
Enterprise value:
834.6M
EV / Invested capital:
1.35x
Price / LTM sales:
2.32x
EV / EBIT:
4.88x
EV / Revenue:
2.65x
PEG ratio (5yr expected):
3.20x
EV / Free cash flow:
10.96x
Price / Operating cash flow:
9.68x
Enterprise value / EBITDA:
--
Gross Profit (TTM):
--
Return On Assets:
1.27%
Net Income Margin (TTM):
21.73%
Return On Equity:
14.37%
Return On Invested Capital:
11.42%
Operating Margin:
25.59%
| Trailing 12 Months | Fiscal Quarters | |||||
|---|---|---|---|---|---|---|
| Period Ending | 2023-12-31 | 2024-12-31 | 2025-12-31 | 2024-12-31 | 2025-12-31 | |
| Income Statement | ||||||
| Revenue | $289.7M | $320.4M | $315.5M | $86.2M | $79.4M | |
| Gross Profit | -- | -- | -- | -- | -- | |
| Operating Income | $73.7M | $81M | $81.3M | $20.7M | $20.3M | |
| EBITDA | -- | -- | -- | -- | -- | |
| Diluted EPS | $2.79 | $3.16 | $3.27 | $0.87 | $0.89 | |
| Period Ending | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | |
|---|---|---|---|---|---|---|
| Balance Sheet | ||||||
| Current Assets | $122.6M | $91.3M | $189.4M | $139.9M | $139.3M | |
| Total Assets | $4.7B | $5B | $5.3B | $5.4B | $5.5B | |
| Current Liabilities | $1.6B | $1.8B | $2.7B | $1B | $992M | |
| Total Liabilities | $4.3B | $4.7B | $4.9B | $4.9B | $5B | |
| Total Equity | $398.5M | $347.6M | $404.4M | $454.7M | $503M | |
| Total Debt | $113.9M | $108.3M | $133.2M | $129.4M | $116.9M | |
| Trailing 12 Months | Fiscal Quarters | |||||
|---|---|---|---|---|---|---|
| Period Ending | 2023-09-30 | 2024-09-30 | 2025-09-30 | 2024-09-30 | 2025-09-30 | |
| Cash Flow Statement | ||||||
| Cash Flow Operations | $55.8M | $59.7M | $85.2M | $17.2M | $18.2M | |
| Cash From Investing | -$197.8M | -$34.2M | -$162.2M | -$67.5M | -$9.6M | |
| Cash From Financing | $197.2M | -$29.8M | $164.1M | -$42.5M | $54M | |
| Free Cash Flow | $49.6M | $54.3M | $76.2M | $15.7M | $16.5M | |
IBCP
Sector
Market Cap
$717.8M
$537.1M
Price % of 52-Week High
94.08%
91.44%
Dividend Yield
2.98%
1.51%
Shareholder Yield
3.44%
3.03%
1-Year Price Total Return
-1.88%
7.41%
Beta (5-Year)
0.798
0.451
Dividend yield:
2.98%
Annualized payout:
$1.04
Payout ratio:
29.21%
Growth streak:
11 years
Technicals
8-day SMA
Buy
Level
$34.27
200-day SMA
Buy
Level
$32.02
Bollinger Bands (100)
Buy
Level
30.89 - 33.73
Chaikin Money Flow
Sell
Level
-91.6K
20-day SMA
Buy
Level
$33.48
Relative Strength Index (RSI14)
Buy
Level
60.60
ADX Line
Sell
Level
13.78
Williams %R
Neutral
Level
-35.2941
50-day SMA
Buy
Level
$33.16
MACD (12, 26)
Buy
Level
4.92
25-day Aroon Oscillator
Buy
Level
52
On Balance Volume
Neutral
Level
25.4K
Financial Scores
Sell
Altman Z-Score
(Annual)
Level (0.1172)
Sell
CA Score
(Annual)
Level (-2.1923)
--
Beneish M-Score
(Annual)
Level (--)
Sell
Momentum Score
Level (3)
Sell
Ohlson Score
Level (3.1107)
Buy
Piotroski F Score
(Annual)
Level (7)
Buy
Quality Ratio Score
Level (3)
Buy
Fundamental Score
Level (6)
Revenue Forecast
Earnings per Share Forecast
Company Profile
Independent Bank Corp. operates as a bank holding company, which engages in the provision of financial services. It offers commercial banking, mortgage lending, investments, and title services. The company was founded in 1864 and is headquartered in Grand Rapids, MI.
Stock Forecast FAQ
In the current month, IBCP has received 0 Buy ratings 5 Hold ratings, and 0 Sell ratings. The IBCP average analyst price target in the past 3 months is $37.40.
-
Where Will Independent Bank Corp. (Michigan) Stock Be In 1 Year?
According to analysts, the consensus estimate is that Independent Bank Corp. (Michigan) share price will rise to $37.40 per share over the next 12 months.
-
What Do Analysts Say About Independent Bank Corp. (Michigan)?
Analysts are divided on their view about Independent Bank Corp. (Michigan) share price and where it will be in the next 12 months. The majority of analysts rate the stock a Buy. However, a smaller subset of analysts suggest that Independent Bank Corp. (Michigan) is a Sell and believe this share price will drop from its current level to $36.00.
-
What Is Independent Bank Corp. (Michigan)'s Price Target?
The price target for Independent Bank Corp. (Michigan) over the next 1-year time period is forecast to be $37.40 according to 5 Wall Street analysts, 0 of them rate the stock a Buy, 0 rate the stock a Sell, and 5 analysts rate the stock a Hold.
-
Is IBCP A Buy, Sell Or Hold?
According to Wall Street analysts, the consensus rating for Independent Bank Corp. (Michigan) is a Hold. 5 of 5 analysts rate the stock a Hold at this time.
-
How Can I Buy Shares Of IBCP?
You can purchase shares of Independent Bank Corp. (Michigan) via an online brokerage firm such as TD Ameritrade.com, thinkorswim.com, e-trade.com, or Schwab.com. Many other digital online brokerages exist such as RobinHood and Webull where you can purchase Independent Bank Corp. (Michigan) shares.
-
What Is The Independent Bank Corp. (Michigan) Share Price Today?
Independent Bank Corp. (Michigan) was last trading at $34.94 per share. This represents the most recent stock quote for Independent Bank Corp. (Michigan). Yesterday, Independent Bank Corp. (Michigan) closed at $34.93 per share.
-
How To Buy Independent Bank Corp. (Michigan) Stock Online?
In order to purchase Independent Bank Corp. (Michigan) stock online, open a brokerage account, deposit funds into the account, and select an order type to purchase shares whether it be market or limit.
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Financial Ratios
IBCP
Sector
P/E ratio
10.68x
12.22x
PEG ratio
3.20x
0.31x
P/B ratio
1.43x
1.11x
Price / LTM sales
2.32x
1.83x
Growth Metrics
IBCP
Sector
Revenue growth
-7.92%
5.22%
Earnings growth
1.83%
14.16%
Revenue (5-year growth)
7.43%
8.83%
Earnings forecast
$0.84
$0.63
Profitability
IBCP
Sector
Profitability FY 2025
--
--
Return on invested capital
11.42%
5.04%
Return on assets
1.27%
1.01%
Return on equity
14.37%
9.76%
Earnings Date
Last Earnings Date
Jan
22
Next Earnings Date
Apr
23
Estimated Next Earnings Date
Apr
23
Balance Sheet
IBCP
Sector
Total cash
$336.2M
$412.1M
Short term investments
$25.4M
$193.9M
Total assets
$5.5B
$3.1B
Long term debt
$116.9M
$73.9M
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