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NASDAQ: IBCP
Independent Bank Corp Stock

$25.35+0.28 (+1.12%)
Updated Mar 28, 2024
IBCP Price
$25.35
Fair Value Price
N/A
Market Cap
$529.95M
52 Week Low
$14.90
52 Week High
$27.39
P/E
8.99x
P/B
1.31x
P/S
2.7x
PEG
1.16x
Dividend Yield
3.67%
Revenue
$200.80M
Earnings
$59.07M
Gross Margin
100%
Operating Margin
36.69%
Profit Margin
29.4%
Debt to Equity
12.02
Operating Cash Flow
$76M
Beta
1.02
Next Earnings
Apr 25, 2024
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 (34)
You've viewed Zen Score for 10/10 free stocks. Upgrade to Premium to see how IBCP scored across 38 valuation, financial, forecast, performance, and dividend due diligence checks.

Due Diligence Checks

IBCP ($25.35) is trading above its intrinsic value of $23.14, according to an updated version of Benjamin Graham's Formula from Chapter 11 of "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
IBCP is good value based on its earnings relative to its share price (8.99x), compared to the US market average (44.51x)
P/E vs Market Valuation
IBCP is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
There are 35 more IBCP due diligence checks available for Premium users.

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IBCP News

Valuation

IBCP fair value

Fair Value of IBCP stock based on Discounted Cash Flow (DCF)
Price
$25.35
Fair Value
$57.17
Undervalued by
55.66%
IBCP ($25.35) is trading above... 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
8.99x
Industry
-10.33x
Market
44.51x
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
1.31x
Industry
1.02x
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 poor value relative... subscribe to Premium to read more.
PEG Value Valuation

IBCP's financial health

Profit margin

Revenue
$49.8M
Net Income
$13.7M
Profit Margin
27.6%
IBCP's Earnings (EBIT) of $73.68M... subscribe to Premium to read more.
Interest Coverage Financials
IBCP's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$5.3B
Liabilities
$4.9B
Debt to equity
12.02
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
$16.8M
Investing
-$6.7M
Financing
$32.3M
IBCP's operating cash flow ($75.59M)... subscribe to Premium to read more.
Debt Coverage Financials

IBCP vs Bank Stocks

TickerMarket Cap1d %P/EP/B
IBCP$529.95M+1.12%8.99x1.31x
EQBK$530.60M+0.85%68.74x1.17x
CPF$534.14M-0.15%9.10x1.06x
CATC$534.82M+0.98%15.67x1.00x
HTBK$524.83M+0.59%8.09x0.78x

Independent Bank Stock FAQ

What is Independent Bank's quote symbol?

(NASDAQ: IBCP) Independent Bank trades on the NASDAQ under the ticker symbol IBCP. Independent Bank stock quotes can also be displayed as NASDAQ: IBCP.

If you're new to stock investing, here's how to buy Independent Bank stock.

What is the 52 week high and low for Independent Bank (NASDAQ: IBCP)?

(NASDAQ: IBCP) Independent Bank's 52-week high was $27.39, and its 52-week low was $14.90. It is currently -7.45% from its 52-week high and 70.13% from its 52-week low.

How much is Independent Bank stock worth today?

(NASDAQ: IBCP) Independent Bank currently has 20,905,513 outstanding shares. With Independent Bank stock trading at $25.35 per share, the total value of Independent Bank stock (market capitalization) is $529.95M.

Independent Bank stock was originally listed at a price of $116.29 in Dec 31, 1997. If you had invested in Independent Bank stock at $116.29, your return over the last 26 years would have been -78.2%, for an annualized return of -5.69% (not including any dividends or dividend reinvestments).

How much is Independent Bank's stock price per share?

(NASDAQ: IBCP) Independent Bank stock price per share is $25.35 today (as of Mar 28, 2024).

What is Independent Bank's Market Cap?

(NASDAQ: IBCP) Independent Bank's market cap is $529.95M, as of Mar 29, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Independent Bank's market cap is calculated by multiplying IBCP's current stock price of $25.35 by IBCP's total outstanding shares of 20,905,513.
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