Financhill
Buy
59

IBCP Quote, Financials, Valuation and Earnings

Last price:
$35.17
Seasonality move :
3.17%
Day range:
$35.06 - $36.17
52-week range:
$22.53 - $40.32
Dividend yield:
2.79%
P/E ratio:
11.11x
P/S ratio:
3.44x
P/B ratio:
1.61x
Volume:
71.9K
Avg. volume:
125.2K
1-year change:
45.08%
Market cap:
$733.6M
Revenue:
$215.6M
EPS (TTM):
$3.16

Analysts' Opinion

  • Consensus Rating
    Independent Bank Corp (Ionia MI) has received a consensus rating of Hold. The company's average rating is a Hold based on 0 Buy ratings, 4 Hold ratings, and 0 Sell ratings.
  • Price Target Upside
    According to analysts' consensus price target of $38.25, Independent Bank Corp (Ionia MI) has an estimated upside of 8.94% from its current price of $35.11.
  • Price Target Downside
    According to analysts, the lowest downside price target is $35.00 representing 100% downside risk from its current price of $35.11.

Fair Value

  • According to the consensus of 4 analysts, Independent Bank Corp (Ionia MI) has 8.94% upside to fair value with a price target of $38.25 per share.

IBCP vs. S&P 500

  • Over the past 5 trading days, Independent Bank Corp (Ionia MI) has underperformed the S&P 500 by -4.5% suggesting its relative strength compared to the major market average is weak at this time.

Share Buyback

  • Independent Bank Corp (Ionia MI) does have a share repurchase program in place at this time. The scale of a buyback program can materially affect share price and usually results in a higher earnings per share, all else being equal, when the share count drops.

Revenue Growth

  • Independent Bank Corp (Ionia MI) has grown year-over-year revenues for 1 quarter straight. In the most recent quarter Independent Bank Corp (Ionia MI) reported revenues of $60.2M.

Earnings Growth

  • Independent Bank Corp (Ionia MI) has grown year-over-year earnings for 1 quarter straight. In the most recent quarter Independent Bank Corp (Ionia MI) reported earnings per share of $0.87.
Enterprise value:
179M
EV / Invested capital:
0.31x
Price / LTM sales:
3.44x
EV / EBIT:
0.97x
EV / Revenue:
0.83x
PEG ratio (5yr expected):
0.84x
EV / Free cash flow:
3.08x
Price / Operating cash flow:
12.79x
Enterprise value / EBITDA:
--
Gross Profit (TTM):
--
Return On Assets:
1.27%
Net Income Margin (TTM):
30.96%
Return On Equity:
15.48%
Return On Invested Capital:
12.15%
Operating Margin:
--
Trailing 12 Months Fiscal Quarters
Period Ending 2022-12-31 2023-12-31 2024-12-31 2023-12-31 2024-12-31
Income Statement
Revenue $204.6M $200.4M $215.7M $47.6M $60.2M
Gross Profit -- -- -- -- --
Operating Income -- -- -- -- --
EBITDA -- -- -- -- --
Diluted EPS $2.97 $2.79 $3.16 $0.65 $0.87
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Balance Sheet
Current Assets $1.2B $1.5B $853.7M $849.1M $679.1M
Total Assets $4.2B $4.7B $5B $5.3B $5.3B
Current Liabilities -- -- -- -- --
Total Liabilities $3.8B $4.3B $4.7B $4.9B $4.9B
Total Equity $389.5M $398.5M $347.6M $404.4M $454.7M
Total Debt $108.8M $109M $165.1M $129.3M $124.4M
Trailing 12 Months Fiscal Quarters
Period Ending 2022-09-30 2023-09-30 2024-09-30 2023-09-30 2024-09-30
Cash Flow Statement
Cash Flow Operations $148M $59.6M $63.6M $25.7M $17.2M
Cash From Investing -$548.3M -$200M -$39.7M -$78.9M -$67.5M
Cash From Financing $345.2M $197.2M -$29.8M $51.4M -$42.5M
Free Cash Flow $142.8M $53.4M $58.1M $24.3M $15.7M
IBCP
Sector
Market Cap
$733.6M
$682.3M
Price % of 52-Week High
87.08%
90.41%
Dividend Yield
2.79%
2%
Shareholder Yield
2.92%
3.91%
1-Year Price Total Return
45.08%
13.38%
Beta (5-Year)
1.032
0.730
Dividend yield:
2.79%
Annualized payout:
$0.96
Payout ratio:
22.51%
Growth streak:
10 years

SEE THE 1% OF STOCKS YOU NEED TO OWN FOR MASSIVE RETURNS

GET BETTER TRADE IDEAS

Technicals

8-day SMA
Sell
Level $36.04
200-day SMA
Buy
Level $32.09
Bollinger Bands (100)
Sell
Level 33.14 - 37.32
Chaikin Money Flow
Sell
Level -3.1M
20-day SMA
Sell
Level $35.81
Relative Strength Index (RSI14)
Sell
Level 45.58
ADX Line
Sell
Level 17.39
Williams %R
Neutral
Level -67.7852
50-day SMA
Sell
Level $35.76
MACD (12, 26)
Buy
Level 0.12
25-day Aroon Oscillator
Buy
Level 72
On Balance Volume
Neutral
Level 13.1M

Financial Scores

--
Altman Z-Score (Annual)
Level (--)
Sell
CA Score (Annual)
Level (-2.2174)
--
Beneish M-Score (Annual)
Level (--)
Buy
Momentum Score
Level (9)
--
Ohlson Score
Level (--)
--
Piotroski F Score (Annual)
Level (--)
--
Quality Ratio Score
Level (--)
Buy
Fundamental Score
Level (7)

Revenue Forecast

Earnings per Share Forecast

Company Profile

Independent Bank Corp (Ionia MI) operates as a commercial bank. It offers a broad range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. It also provides internet and mobile banking capabilities to its customers.

Stock Forecast FAQ

In the current month, IBCP has received 0 Buy ratings 4 Hold ratings, and 0 Sell ratings. The IBCP average analyst price target in the past 3 months is $38.25.

  • Where Will Independent Bank Corp (Ionia MI) Stock Be In 1 Year?

    According to analysts, the consensus estimate is that Independent Bank Corp (Ionia MI) share price will rise to $38.25 per share over the next 12 months.

  • What Do Analysts Say About Independent Bank Corp (Ionia MI)?

    Analysts are divided on their view about Independent Bank Corp (Ionia MI) share price and where it will be in the next 12 months. The majority of analysts rate the stock a Buy. However, a smaller subset of analysts suggest that Independent Bank Corp (Ionia MI) is a Sell and believe this share price will drop from its current level to $35.00.

  • What Is Independent Bank Corp (Ionia MI)'s Price Target?

    The price target for Independent Bank Corp (Ionia MI) over the next 1-year time period is forecast to be $38.25 according to 4 Wall Street analysts, 0 of them rate the stock a Buy, 0 rate the stock a Sell, and 4 analysts rate the stock a Hold.

  • Is IBCP A Buy, Sell Or Hold?

    According to Wall Street analysts, the consensus rating for Independent Bank Corp (Ionia MI) is a Hold. 4 of 4 analysts rate the stock a Hold at this time.

  • How Can I Buy Shares Of IBCP?

    You can purchase shares of Independent Bank Corp (Ionia MI) via an online brokerage firm such as TD Ameritrade.com, thinkorswim.com, e-trade.com, tastytrade.com, or Schwab.com. Many other digital online brokerages exist such as RobinHood and Webull where you can purchase Independent Bank Corp (Ionia MI) shares.

  • What Is The Independent Bank Corp (Ionia MI) Share Price Today?

    Independent Bank Corp (Ionia MI) was last trading at $35.17 per share. This represents the most recent stock quote for Independent Bank Corp (Ionia MI). Yesterday, Independent Bank Corp (Ionia MI) closed at $35.11 per share.

  • How To Buy Independent Bank Corp (Ionia MI) Stock Online?

    In order to purchase Independent Bank Corp (Ionia MI) stock online, open a brokerage account, deposit funds into the account, and select an order type to purchase shares whether it be market or limit.

SEE THE 1% OF STOCKS YOU NEED TO OWN FOR MASSIVE RETURNS

GET BETTER TRADE IDEAS

Popular

Is ORCL Stock a Buy Sell or Hold?
Is ORCL Stock a Buy Sell or Hold?

High-tech plays, nowadays, have shifted to the cloud. A laundry…

Is UPS High Dividend Safe?
Is UPS High Dividend Safe?

Although full-year profits dipped, Q4 2024 revenue inched up 1.5%…

Is Thermo Fisher Stock a Buy Sell or Hold?
Is Thermo Fisher Stock a Buy Sell or Hold?

Nowadays, a doctor doesn’t just look at you and prescribe…

Stock Ideas

Buy
65
Is AAPL Stock a Buy?

Market Cap: $3.7T
P/E Ratio: 40x

Buy
61
Is NVDA Stock a Buy?

Market Cap: $3.4T
P/E Ratio: 116x

Sell
47
Is MSFT Stock a Buy?

Market Cap: $3T
P/E Ratio: 35x

Alerts

Buy
87
PCOR alert for Feb 15

Procore Technologies [PCOR] is up 16.3% over the past day.

Buy
54
DKNG alert for Feb 15

DraftKings [DKNG] is up 15.24% over the past day.

Sell
30
TWLO alert for Feb 15

Twilio [TWLO] is down 15.01% over the past day.

THE #1 STOCK ANALYSIS TOOL
TO MAKE SMARTER BUY AND SELL DECISIONS

Show me the best stock