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Independent Bank Corporation is a banks-regional business based in the US. Independent Bank Corporation shares (IBCP) are listed on the NASDAQ and all prices are listed in US Dollars. Independent Bank Corporation employs 848 staff and has a trailing 12-month revenue of around USD$184.6 million.
|52-week range||USD$8.8247 - USD$21.8614|
|50-day moving average||USD$17.7667|
|200-day moving average||USD$15.0081|
|Wall St. target price||USD$18.7|
|Dividend yield||USD$0.8 (4.31%)|
|Earnings per share (TTM)||USD$2.363|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
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This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Valuing Independent Bank Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Independent Bank Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Independent Bank Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 8x. In other words, Independent Bank Corporation shares trade at around 8x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Independent Bank Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.33. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Independent Bank Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
|Revenue TTM||USD$184.6 million|
|Operating margin TTM||36.36%|
|Gross profit TTM||USD$169.5 million|
|Return on assets TTM||1.37%|
|Return on equity TTM||14.87%|
|Market capitalisation||USD$405.9 million|
TTM: trailing 12 months
There are currently 368,539 Independent Bank Corporation shares held short by investors – that's known as Independent Bank Corporation's "short interest". This figure is 2.1% down from 376,490 last month.
There are a few different ways that this level of interest in shorting Independent Bank Corporation shares can be evaluated.
Independent Bank Corporation's "short interest ratio" (SIR) is the quantity of Independent Bank Corporation shares currently shorted divided by the average quantity of Independent Bank Corporation shares traded daily (recently around 98804.021447721). Independent Bank Corporation's SIR currently stands at 3.73. In other words for every 100,000 Independent Bank Corporation shares traded daily on the market, roughly 3730 shares are currently held short.
However Independent Bank Corporation's short interest can also be evaluated against the total number of Independent Bank Corporation shares, or, against the total number of tradable Independent Bank Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Independent Bank Corporation's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Independent Bank Corporation shares in existence, roughly 20 shares are currently held short) or 0.0176% of the tradable shares (for every 100,000 tradable Independent Bank Corporation shares, roughly 18 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Independent Bank Corporation.
Find out more about how you can short Independent Bank Corporation stock.
Dividend payout ratio: 33.47% of net profits
Recently Independent Bank Corporation has paid out, on average, around 33.47% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.31% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Independent Bank Corporation shareholders could enjoy a 4.31% return on their shares, in the form of dividend payments. In Independent Bank Corporation's case, that would currently equate to about $0.8 per share.
While Independent Bank Corporation's payout ratio might seem fairly standard, it's worth remembering that Independent Bank Corporation may be investing much of the rest of its net profits in future growth.
Independent Bank Corporation's most recent dividend payout was on 16 November 2020. The latest dividend was paid out to all shareholders who bought their shares by 4 November 2020 (the "ex-dividend date").
Independent Bank Corporation's shares were split on a 1:10 basis on 1 September 2010. So if you had owned 10 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Independent Bank Corporation shares – just the quantity. However, indirectly, the new 900% higher share price could have impacted the market appetite for Independent Bank Corporation shares which in turn could have impacted Independent Bank Corporation's share price.
Over the last 12 months, Independent Bank Corporation's shares have ranged in value from as little as $8.8247 up to $21.8614. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Independent Bank Corporation's is 1.0394. This would suggest that Independent Bank Corporation's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Independent Bank Corporation operates as the holding company for Independent Bank that provides various banking services to individuals and businesses. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machines, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 66 branches, two drive-thru facility, and nine loan production offices in Michigan; and three loan production offices in Ohio. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
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