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.