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How to Buy Independent Bank Stock

Independent Bank Corp

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses.

Independent Bank stock last closed at $28.27, up 1.14% from the previous day, and has increased 61.54% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.41 percentage points. Independent Bank stock is currently +67.28% from its 52-week low of $16.90, and -1.26% from its 52-week high of $28.63.

As of Jul 12, 2024, there are 20.9M IBCP shares outstanding. The market cap of IBCP is $590.91M. In the past 24 hours, 93,667 IBCP shares were traded.

How to Buy Independent Bank Stock

Not sure how to invest in Independent Bank stock? Here's how.
  1. Choose where to buy Independent Bank stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you decide where to buy Independent Bank stock.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Deposit money your brokerage account: Pick your method of payment and add your info.
  4. Evaluate Independent Bank stock: The Independent Bank ticker symbol is IBCP. Is Independent Bank stock a good investment? Should you buy shares of IBCP? How do IBCP's underlying business fundamentals look? Do top analysts think Independent Bank is a good buy? Why has IBCP's stock price moved recently? (Hint: Our stock market research tools can help you figure out if IBCP is a good stock to buy).
  5. Execute your IBCP purchase: Decide if you will purchase IBCP shares at the current market price or use a limit order to buy IBCP shares at a particular price.
  6. Get the latest news on your IBCP position: Create a watchlist to key updates about your position in Independent Bank stock.

Step 1: Choose where to buy Independent Bank stock

You will need a brokerage account to access the NASDAQ market and buy IBCP stock.

A brokerage account enables you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've picked the best brokerage, you need to fill out some personal details so you can invest in IBCP today.

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  2. Enter your personal info to open a new brokerage account.
  1. Send your information by hitting the "Create Account" button.
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Step 3: Deposit money your brokerage account

Now that you've filled out your info on stock market apps, your next step is to transfer the money for your investment:

Check out the tutorial below if you need help transferring money into your investment account.

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Step 4: Evaluate Independent Bank stock

Once you have figured out the best place to buy Independent Bank stock, it's very important to evaluate their stock prior to investing, so you can wrap your head around the risk and opportunity.

Independent Bank quick stats

IBCP Price
$28.27
1w %
10.82%
1y %
61.54%
5y %
29.09%
P/E
9.52x
P/B
1.42x
P/S
2.87x
PEG
N/A
Revenue
$205.98M
Earnings
$62.07M
Fore. Rev. Growth
5.04%
Fore. Earn. Growth
-0.34%
Market Cap
$590.91M
Next Earnings
Jul 25, 2024
Next Dividend
N/A

IBCP Zen Score

WallStreetZen was built to help part-time investors do more accurate fundamental analysis.

You can see all of the due diligence checks on IBCP's stock page.

What is the fair value of IBCP stock?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge IBCP's intrinsic value.

Using relative valuations metrics:

  • IBCP could be undervalued based on its P/E ratio of 9.52x, relative to Banks - Regional industry P/E ratio of 13.49x
  • IBCP could be overvalued based on its P/B ratio of 1.42x, relative to Banks - Regional industry P/B ratio of 1.09x

You can do additional valuation research on IBCP's stock here.

How do IBCP Financials look?

Pros:

  • IBCP profit margin has gone up from 29.3% to 30.1% in the past year.
  • IBCP's operating cash flow of $72.86M allows it to safely service it's debt of $129.25M.
  • IBCP earnings of $77.62M is not sufficient to cover its interest payments.

Cons:

  • IBCP has a relatively high debt to equity ratio of 11.59.
  • Total IBCP debt is higher than 5 years ago, relative to shareholder equity.

Is Independent Bank stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 1 sell side analysts who research IBCP, the consensus analyst rating on Independent Bank is a Hold

Please note that analyst ratings are not stock recommendations, nor are they financial advice.

You can dive deeper into what analysts are forecasting on the Independent Bank stock forecast page.

IBCP Technical Indicators

SMA10
26.68
SMA20
25.51
SMA50
25.33
SMA100
24.81
SMA200
23.67
MACD
0.72
MACD Signal
0.41
MACD Histogram
0.31
RSI
71.42
Stochastic %K
86.11
Stochastic %D
76.17
StochRSI %K
90.39
StochRSI %D
77.67

How are IBCP Revenues/Earnings doing?

Last year, IBCP earnings were $62.07M. Over the past five year, IBCP's earnings have gone up by 12.2% per year. This was slower than the Banks - Regional industry average of 15.59%.

Last year, IBCP revenue was $205.98M. Over the past 5 year, IBCP's revenue has grown by 5.08% per year. This was slower than the Banks - Regional industry average of 11.91%.

Find out more about IBCP's earnings and revenue performance here.

Latest Insiders Trades at IBCP

Over the past 12 months, insiders at IBCP have sold more shares than they have bought.

William J. Boer, Director of IBCP, was the latest IBCP insider to buy. They bought $9,261.00 worth of IBCP stock on Jul 1, 2024.

Research more about who owns IBCP shares here.

Can I rely on IBCP as an income stream?

Independent Bank pays a dividend of 3.33%, compared to the Banks - Regional industry's average dividend yield of 3.48%. If you owned $1,000 worth of IBCP stock, you would have received $33.25 in the past 12 months.

Independent Bank dividend payments have consistently grown over the past decade and have remained stable.

Get more data about Independent Bank dividend yield and history here.

IBCP Social Trading Data

One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.

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Step 5: Execute your IBCP purchase

There are two main options:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are usually the easiest way to buy.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to be sure you're buying or selling at a specific price limit, place a limit order.

Click the Open Trade button and your broker will place the order.

If you require additional help with investing in stocks on eToro, watch the helpful video below:

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Step 6: Get the latest news on your IBCP position

Now that you own some IBCP stock, you'll want to keep up with your new stock purchase.

Make a watchlist to track the latest developments regarding your IBCP stock.

IBCP Feed

How to Buy Stock in Independent Bank

To reiterate, here are the 6 steps you need to take to buy Independent Bank stock right now:

  1. Choose where to buy Independent Bank stock
  2. Create your brokerage account
  3. Deposit money your brokerage account
  4. Evaluate Independent Bank stock
  5. Execute your IBCP purchase
  6. Get the latest news on your IBCP position

If you require a brokerage account, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep an eye on your investment in Independent Bank, click the button below.

NASDAQ: IBCP
$28.27+0.32 (+1.14%)
Updated Jul 12, 2024
Open eToro Account
NASDAQ: IBCP
$28.27+0.32 (+1.14%)
Updated Jul 12, 2024
Open eToro Account

FAQ

How much does it cost to buy one Independent Bank share?

As of Jul 12, 2024, it costs $28.27 to buy one share of Independent Bank stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.354 shares of IBCP.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Independent Bank stock?

According to 1 Wall Street analysts who monitor Independent Bank, their consensus recommendation is to hold Independent Bank stock.

What is the best way to buy Independent Bank stock?

One way to place an order for Independent Bank stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.