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Independent Bank (IBCP)
NASDAQ:IBCP
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IBCP Stock Chart & Stats
Day’s Range― - ―
52-Week Range$22.53 - $40.32
Previous CloseN/A
Volume13.63K
Average Volume (3M)101.38K
Market Cap
$728.58M
Enterprise Value$728.65M
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)$43.81M
Price to Earnings (P/E)11.8
Beta0.90
Next Earnings
Jan 25, 2025EPS Estimate
0.76Next Dividend Ex-Date
Feb 04, 2025Dividend Yield2.75%
Share Statistics
EPS (TTM)2.94
Shares Outstanding20,894,077
10 Day Avg. Volume145,088
30 Day Avg. Volume101,380
Standard Deviation0.11
R-Squared0.27
Alpha0.00443
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)3.57
Price to Cash Flow (P/CF)10.60
P/FCF Ratio4.80
Enterprise Value/Market Cap1.00
Enterprise Value/Revenue3.47
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$37.33Price Target Upside8.45% Upside
Rating ConsensusHold
Number of Analyst Covering3
Independent Bank News
PremiumCompany Announcements
Independent Bank Appoints New Chief Operating Officer
Ownership Overview
1.96% Insiders
23.71% Mutual Funds
0.77% Other Institutional Investors
55.61% Public Companies and
Individual Investors
IBCP FAQ
What was Independent Bank’s price range in the past 12 months?
Independent Bank lowest stock price was $22.53 and its highest was $40.32 in the past 12 months.
What is Independent Bank’s market cap?
Independent Bank’s market cap is $728.58M.
When is Independent Bank’s upcoming earnings report date?
Independent Bank’s upcoming earnings report date is Jan 25, 2025 which is in 6 days.
How were Independent Bank’s earnings last quarter?
Independent Bank released its earnings results on Oct 24, 2024. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.756 by $0.064.
Is Independent Bank overvalued?
According to Wall Street analysts Independent Bank’s price is currently Undervalued.
Does Independent Bank pay dividends?
Independent Bank pays a Quarterly dividend of $0.956 which represents an annual dividend yield of 2.75%. See more information on Independent Bank dividends here
What is Independent Bank’s EPS estimate?
Independent Bank’s EPS estimate is 0.76.
How many shares outstanding does Independent Bank have?
Independent Bank has 20,894,077 shares outstanding.
What happened to Independent Bank’s price movement after its last earnings report?
Independent Bank reported an EPS of $0.82 in its last earnings report, beating expectations of $0.756. Following the earnings report the stock price went down -1.485%.
Which hedge fund is a major shareholder of Independent Bank?
Currently, no hedge funds are holding shares in IBCP
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Independent Bank Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$37.33 (8.45% Upside)
$37.33 (8.45% Upside)
Blogger Sentiment
Neutral
IBCP Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 22.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $111.0K over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
42.72%
12-Months-Change
Fundamentals
Return on Equity
15.00%
Trailing 12-Months
Asset Growth
1.14%
Trailing 12-Months
Company Description
Independent Bank
Independent Bank Corp. operates as a bank holding company. It provides financial services including commercial banking, mortgage lending, investments, and title services. The company was founded in 1864 and is headquartered in Ionia, MI.
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IBCP Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call highlighted strong loan and deposit growth, excellent credit metrics, and strategic hiring plans. However, it also reported a decline in net income, retail deposits, and noninterest income, as well as a loss on mortgage loan servicing. The sentiment is balanced by positive operational aspects and challenges in financial metrics.Read More>---
Technical Analysis
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