NASDAQ: IBCPIndependent Bank Corp Stock
$18.08+0.01 (+0.06%)
Updated Sep 22, 2023
IBCP Price
$18.08
Fair Value Price
$20.33
Market Cap
$378.67M
52 Week Low
$14.90
52 Week High
$24.97
P/E
6.34x
P/B
1.01x
P/S
1.78x
PEG
0.46x
Dividend Yield
5.03%
Revenue
$201.58M
Earnings
$60.16M
Gross Margin
100%
Operating Margin
36.67%
Profit Margin
29.8%
Debt to Equity
12.69
Operating Cash Flow
$67M
Beta
0.99
Next Earnings
Oct 23, 2023
Ex-Dividend
N/A
Next Dividend
N/A
IBCP Overview
Independent Bank Corporation operates as the bank 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 machine, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 59 branches, two drive-thru facilities, and seven loan production offices in Michigan; and two loan production offices in Ohio. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
Zen Score
–
Industry Average (37)
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Due Diligence Checks
IBCP ($18.08) is undervalued by 11.06% relative to our estimate of its Fair Value price of $20.33 based on Discounted Cash Flow (DCF) modelling, but does not have a significant margin of safety
Below Fair Value Valuation
IBCP ($18.08) is not significantly undervalued (11.06%) relative to our estimate of its Fair Value price of $20.33 based on Discounted Cash Flow (DCF) modelling, when including a healthy margin of safety
Significantly Below Fair Value Valuation
IBCP ($18.08) is trading below... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation
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IBCP News
Valuation
IBCP fair value
Fair Value of IBCP stock based on Discounted Cash Flow (DCF)
Price
$18.08
Fair Value
$20.33
Undervalued by
11.06%
IBCP ($18.08) is undervalued by... subscribe to Premium to read more.
Below Fair Value Valuation
IBCP ($18.08) is not significantly... subscribe to Premium to read more.
Significantly Below Fair Value Valuation
IBCP ($18.08) is trading below... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation
IBCP price to earnings (PE)
For valuing profitable companies with steady earnings
Company
6.34x
Industry
-0.59x
Market
14.52x
IBCP is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
IBCP is good value based... subscribe to Premium to read more.
P/E vs Market Valuation
IBCP price to book (PB)
For valuing companies that are loss-making or have lots of physical asset
Company
1.01x
Industry
0.88x
IBCP is poor value based... subscribe to Premium to read more.
P/B vs Industry Valuation
IBCP price to earnings growth (PEG)
For valuing profitable companies with growth potential
IBCP is good value based... subscribe to Premium to read more.
PEG Value Valuation
IBCP's financial health
Profit margin
Revenue
$50.5M
Net Income
$14.8M
Profit Margin
29.3%
IBCP's Earnings (EBIT) of $73.91M... subscribe to Premium to read more.
Interest Coverage Financials
IBCP's profit margin has increased... subscribe to Premium to read more.
Profit Margin Growth Financials
Assets to liabilities
Assets
$5.1B
Liabilities
$4.8B
Debt to equity
12.69
IBCP's debt has increased relative... subscribe to Premium to read more.
Shrinking Debt Financials
IBCP's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials
Cash flow
Operating
$9.8M
Investing
-$82.4M
Financing
-$25.2M
IBCP's operating cash flow ($66.86M)... subscribe to Premium to read more.
Debt Coverage Financials
IBCP vs Bank Stocks
Independent Bank Stock FAQ
Company
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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.