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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 741 staff and has a trailing 12-month revenue of around $200.8 million.
| Latest market close | $25.17 |
|---|---|
| 52-week range | $14.43 - $27.13 |
| 50-day moving average | $24.25 |
| 200-day moving average | $21.89 |
| Wall St. target price | $26.75 |
| PE ratio | 8.4516 |
| Dividend yield | $0.92 (4.07%) |
| Earnings per share (TTM) | $2.79 |
Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.
Finder is not an adviser or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
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.
Historical closes compared with the close of $25.17 from 2024-04-25
| 1 week (2024-04-18) | 6.74% |
|---|---|
| 1 month (2024-03-26) | 4.27% |
| 3 months (2024-01-26) | -2.59% |
| 6 months (2023-10-26) | 31.78% |
| 1 year (2023-04-26) | 47.28% |
|---|---|
| 2 years (2022-04-26) | 22.42% |
| 3 years (2021-04-26) | 10.26% |
| 5 years (2019-04-26) | 33.05% |
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 | $200.8 million |
|---|---|
| Operating margin TTM | 37.62% |
| Gross profit TTM | $206.1 million |
| Return on assets TTM | 1.15% |
| Return on equity TTM | 15.71% |
| Profit margin | 29.42% |
| Book value | $19.41 |
| Market Capitalization | $493 million |
TTM: trailing 12 months
Dividend payout ratio: 33.33% of net profits
Recently Independent Bank Corporation has paid out, on average, around 33.33% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.07% 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 4.07% return on their shares, in the form of dividend payments. In Independent Bank Corporation's case, that would currently equate to about $0.92 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 14 February 2024. The latest dividend was paid out to all shareholders who bought their shares by 1 February 2024 (the "ex-dividend date").
Independent Bank Corporation's shares were split on a 1:10 basis on 31 August 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 $14.4275 up to $27.129. 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 0.976. This would suggest that Independent Bank Corporation's shares are less volatile than average (for this exchange).
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides commercial banking services to individuals and businesses in rural and suburban communities in Michigan. It offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The company also provides title insurance services and investment services, as well as automatic teller machines, and internet and mobile banking services. In addition, it operates through branches, drive-thru facilities, and loan production offices. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan. .
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