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Asset logo for symbol IBCP
Independent Bank Corp-MI
IBCP68
$37.64arrow_drop_down0.86%-$0.33
Asset logo for symbol IBCP
IBCP68

$37.64

arrow_drop_down0.86%
Key Stats
Open$37.97
Prev. Close$38.02
EPS2.94
Next Earnings DateFeb 18, 2025
LOWHIGH
Day Range36.25
40.62
52 Week Range16.90
45.03
Ratios
EBITDA Margin %-
EPS2.94
Fundamentals
Industry average yield2.72%
Last Dividend pay dateNov 15, 2024

Stock Analysis

Technicals

Summarizing what the indicators are suggesting.

Strong Buy
Buy
Neutral
Sell
Strong Sell

Analyst rating

An aggregate view of professional's ratings.

Strong Buy
Buy
Neutral
Sell
Strong Sell

Stock Performance

IBCP-
US Financial Services Sector-
US Market-
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IBCP / Market

IBCP matched the US Market which returned -0.93% over the last twenty four hours.
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IBCP / Financial Services Sector

IBCP exceeded the US Financial Services sector which returned -1.30% over the last twenty four hours.

Independent Bank Corp-MI (IBCP) Statistics

Independent Bank Corp-MI (IBCP) is a financial holding company that operates through its subsidiary, Independent Bank. It provides a range of commercial banking services, including loan origination and servicing, deposit gathering, and cash management. The company primarily serves small to medium-sized businesses and individual customers in Michigan. As of the latest available data, the stock statistics of IBCP show that the market capitalization is $415.32 million, with a current stock price of $22.50 per share. The stock has a 52-week range of $15.50 to $25.35, indicating some volatility in its price.
When looking at the valuation metrics of Independent Bank Corp-MI (IBCP), we can see that the stock is trading at a price-to-earnings ratio (P/E) of 12.30, which suggests it may be undervalued relative to its earnings. The price-to-sales ratio (P/S) is 2.24, indicating that investors are willing to pay $2.24 for every dollar of revenue generated by the company. The price-to-book ratio (P/B) is 1.31, implying that the stock is trading at a slight premium to its book value. Overall, these metrics suggest that IBCP may offer good value to investors.
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Frequently Asked Questions

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How has Independent Bank Corp-MI (IBCP) stock's performance compared to its sector and the market over the past year?

Over the past year, Independent Bank Corp-MI (IBCP) has experienced a price change of . Compared to the Financial Services sector, which saw a change of 30.40%, Independent Bank Corp-MI has underperformed compared to its sector, indicating its relative standing within the Financial Services sector. Against the broader market's change of 28.94%, it has fallen short of the market average. This comparison highlights Independent Bank Corp-MI's performance relative to both its sector and the overall market over the last year.
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What is the PE ratio of Independent Bank Corp-MI (IBCP) stock?

The PE (Price to Earnings) ratio of Independent Bank Corp-MI (IBCP) is currently 12.8. This metric is used to evaluate the valuation of a company's stock, comparing its current share price relative to its per-share earnings.
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What is the EPS of Independent Bank Corp-MI (IBCP) stock?

The Earnings Per Share (EPS) for Independent Bank Corp-MI (IBCP), calculated on a diluted basis, is $2.94. EPS is a key indicator of a company's profitability, showing the portion of a company's profit allocated to each outstanding share of common stock.
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What is the operating margin of Independent Bank Corp-MI (IBCP) stock?

The operating margin for Independent Bank Corp-MI (IBCP) is 36%. This metric represents the percentage of revenue that remains after paying for variable production costs, indicating the efficiency and profitability of the company's core business operations.
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What is the EBITDA of Independent Bank Corp-MI (IBCP) stock?

The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of Independent Bank Corp-MI (IBCP) is $0. EBITDA is a widely used earnings metric to assess a company's operational efficiency and profitability before the impact of non-operating decisions such as financing, accounting, and tax environments.
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How much debt does Independent Bank Corp-MI (IBCP) have?

Independent Bank Corp-MI (IBCP) has a total debt of $110.02M. The net debt, which accounts for cash and cash equivalents against the total debt, is -$42.21M.

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