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NASDAQ: IBCP
Independent 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
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
$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

TickerMarket Cap1d %P/EP/B
IBCP$378.67M+0.06%6.34x1.01x
FFWM$378.17M-3.32%-2.40x0.41x
HTBI$377.04M-0.73%7.70x0.80x
CCNE$374.77M+0.56%6.13x0.68x
MCB$373.04M-0.56%6.46x0.60x

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 $24.97, and its 52-week low was $14.90. It is currently -27.59% from its 52-week high and 21.34% from its 52-week low.

How much is Independent Bank stock worth today?

(NASDAQ: IBCP) Independent Bank currently has 20,944,217 outstanding shares. With Independent Bank stock trading at $18.08 per share, the total value of Independent Bank stock (market capitalization) is $378.67M.

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 25 years would have been -84.45%, for an annualized return of -7.17% (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 $18.08 today (as of Sep 22, 2023).

What is Independent Bank's Market Cap?

(NASDAQ: IBCP) Independent Bank's market cap is $378.67M, as of Sep 23, 2023.

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 $18.08 by IBCP's total outstanding shares of 20,944,217.
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