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Independent Bank (IBCP)
NASDAQ:IBCP
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IBCP Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$20.02 - $38.25
Previous Close$37.38
Volume69.77K
Average Volume (3M)106.86K
Market Cap
$768.07M
Enterprise Value$847.41M
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$79.35M
Price to Earnings (P/E)12.5
Beta0.81
Next Earnings
Jan 23, 2025EPS Estimate
$0.76Last Dividend Ex-Date
Nov 05, 2024Dividend Yield2.58%
Share Statistics
EPS (TTM)2.94
Shares Outstanding20,894,078
10 Day Avg. Volume115,040
30 Day Avg. Volume106,858
Standard Deviation0.10
R-Squared0.25
Alpha0.00332
Financial Highlights & Ratios
Price to Book (P/B)1.73
Price to Sales (P/S)3.76
Price to Cash Flow (P/CF)11.20
P/FCF Ratio5.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.04
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$36.50Price Target Upside-2.35% Downside
Rating ConsensusHold
Number of Analyst Covering2
Independent Bank News
Ownership Overview
2.00% Insiders
23.05% Mutual Funds
4.01% Other Institutional Investors
52.94% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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IBCP FAQ
What was Independent Bank’s price range in the past 12 months?
Independent Bank lowest stock price was $20.02 and its highest was $38.24 in the past 12 months.
What is Independent Bank’s market cap?
Currently, no data Available
When is Independent Bank’s upcoming earnings report date?
Independent Bank’s upcoming earnings report date is Jan 23, 2025 which is in 74 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 Overvalued.
Does Independent Bank pay dividends?
Independent Bank pays a Quarterly dividend of $0.24 which represents an annual dividend yield of 2.58%. 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?
Among the largest hedge funds holding Independent Bank’s share is Hotchkis & Wiley Capital Management LLC. It holds Independent Bank’s shares valued at 7M.
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Independent Bank Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$36.50 (-2.35% Downside)
$36.50 (-2.35% Downside)
Blogger Sentiment
Neutral
IBCP Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 2.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $80.2K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Positive
20 days / 200 days
Momentum
86.27%
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
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IBCP Stock 12 Month Forecast
Average Price Target
$36.50
▼(-2.35% Downside)
Technical Analysis
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