IBCP — Independent Bank (Michigan) Share Price
- $708.60m
- $733.00m
- $206.77m
- 74
- 75
- 98
- 96
Growth & Value
12m Forecast Rolling | Industry | Market | |
---|---|---|---|
PE Ratio (f) | 11.14 | ||
PEG Ratio (f) | n/a | ||
EPS Growth (f) | -0.46% | ||
Dividend Yield (f) | 2.93% |
Valuation (ttm) | Industry | Market | |
---|---|---|---|
Price to Book Value | 1.65 | ||
Price to Tang. Book | 1.99 | ||
Price to Free Cashflow | 10.63 | ||
Price to Sales | 3.28 | ||
EV to EBITDA | 72.7 |
Shareholder Activity
Type | Buy / Hold / Sell |
---|---|
Institutions | |
Directors | |
Community |
Guru Screens
Quality
Name | Industry | Market | |
---|---|---|---|
Return on Capital | 1.56% | ||
Return on Equity | 16.34% | ||
Operating Margin | 38.28% |
Financial Summary
Year End 31st Dec | Unit | 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | CAGR / Avg |
---|---|---|---|---|---|---|---|---|---|
Total Revenue | $m | 170.32 | 203.96 | 206.03 | 211.17 | 206.77 | 166.98 | 175.44 | 5.51% |
Operating Profit | m | ||||||||
Net Profit | m | ||||||||
EPS Reported | |||||||||
Diluted Normalised EPS | |||||||||
EPS Growth | % | +11.63 | +48.79 | -3.22 | +3.14 | -6.21 | +13.18 | -5 | n/a |
PE Ratio | x | ||||||||
PEG | |||||||||
Profitability | |||||||||
Operating Margin | % | ||||||||
ROA | % | ||||||||
ROCE | % | ||||||||
ROE | % | ||||||||
Cashflow | |||||||||
Op. Cashflow ps | |||||||||
Capex ps | |||||||||
Free Cashflow ps | |||||||||
Dividends | |||||||||
Dividend ps | |||||||||
Dividend Growth | % | ||||||||
Dividend Yield | % | ||||||||
Dividend Cover | x | ||||||||
Balance Sheet | |||||||||
Cash etc | m | ||||||||
Working Capital | m | ||||||||
NFA | m | ||||||||
Net Debt | m | ||||||||
Book Value | m | ||||||||
Diluted Weighted Average Shares | m | ||||||||
Book Value ps |
Other Ratios
Leverage (ttm) | Total | - Intang | + Pension |
---|---|---|---|
Gross Gearing | |||
Net Gearing | |||
Cash / Assets |
Liquidity (ttm) | |
---|---|
Curr. Ratio | |
Quick Ratio | |
Interest Cov. |
Efficiency (ttm) | |
---|---|
Asset Turnover | |
Recs Turnover | |
Stock Turnover |
Recent History
Latest interim period vs. prior period | Industry | Market | |
---|---|---|---|
Sales Growth | |||
EPS Growth |
3yr Compound Annual Growth Rate | Industry | Market | |
---|---|---|---|
Sales CAGR | |||
EPS CAGR | |||
DPS CAGR |
Profile Summary
Independent Bank Corporation is a bank holding company for Independent Bank (the Bank). The Bank provides a full range of financial services, including commercial banking, mortgage lending, investments, and insurance. 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. Its principal markets are the rural and suburban communities across Lower Michigan, which are served by the bank's main office in Grand Rapids, Michigan, and a total of 56 branches, two drive-thru facilities, and five Michigan-based loan production offices. It also has one loan production facility in Ohio (Fairlawn). The bank's branches provide full-service lobby and drive-thru services, as well as automatic teller machines (ATMs). In addition, it also provides Internet and mobile banking capabilities to its customers.
Directors
- Michael Magee NEC (64)
- William Kessel PRE (56)
- Gavin Mohr CFO (37)
- Stefanie Kimball EVP (61)
- Larry Daniel EVP (57)
- Patrick Ervin EVP (55)
- Joel Rahn EVP (53)
- James Twarozynski SVP (55)
- William Boer LED (65)
- Dennis Archer IND (51)
- Terrance Beia IND (61)
- Joan Budden IND (59)
- Michael Cok IND (59)
- Stephen Gulis IND (63)
- Christina Keller IND (39)
- Ronia Kruse IND (50)
- Matthew Missad IND (61)
- Last Annual
- December 31st, 2023
- Last Interim
- June 30th, 2024
- Incorporated
- September 17th, 1973
- Public Since
- January 16th, 1984
- No. of Shareholders
- 1,200
- No. of Employees
- 741
- Sector
- Banking Services
- Industry
- Financials
- Exchange
- NASDAQ Global Select Market
- Shares in Issue
- 20,896,522
- Address
- 4200 E Beltline Ave, GRAND RAPIDS, 49525
- Web
- https://ir.independentbank.com/
- Phone
- +1 6165279450
- Contact
- Gavin Mohr
- Auditors
- Crowe LLP
Upcoming Events for IBCP
Q4 2024 Independent Bank Corp (Michigan) Earnings Release
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FAQ
As of Today at 21:17 UTC, shares in Independent Bank (Michigan) are trading at $33.91. This share price information is delayed by 15 minutes.
Shares in Independent Bank (Michigan) last closed at $33.91 and the price had moved by +87.66% over the past 365 days. In terms of relative price strength the Independent Bank (Michigan) share price has outperformed the S&P500 Index by +42.16% over the past year.
The overall consensus recommendation for Independent Bank (Michigan) is Hold. You can view the full broker recommendation list by unlocking its StockReport.
Find out moreThe Independent Bank (Michigan) dividend yield is 2.77% based on the trailing twelve month period.
Last year, Independent Bank (Michigan) paid a total dividend of $0.94, and it currently has a trailing dividend yield of 2.77%. We do not have any data on when Independent Bank (Michigan) is to next pay dividends.
We do not have data on when Independent Bank (Michigan) is to next pay dividends. The historic dividend yield on Independent Bank (Michigan) shares is currently 2.77%.
To buy shares in Independent Bank (Michigan) you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.
As of the previous close price of $33.91, shares in Independent Bank (Michigan) had a market capitalisation of $708.60m.
Here are the trading details for Independent Bank (Michigan):
- Country of listing: United States
- Exchange: NSQ
- Ticker Symbol: IBCP
Based on an overall assessment of its quality, value and momentum Independent Bank (Michigan) is currently classified as a Super Stock. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.
The analyst consensus target price for shares in Independent Bank (Michigan) is $34.30. That is 1.15% above the last closing price of $33.91.
Analysts covering Independent Bank (Michigan) currently have a consensus Earnings Per Share (EPS) forecast of $3.16 for the next financial year.
Find out moreAn important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Independent Bank (Michigan). Over the past six months, its share price has outperformed the S&P500 Index by +28.06%.
As of the last closing price of $33.91, shares in Independent Bank (Michigan) were trading +26.15% higher than their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.
The Independent Bank (Michigan) PE ratio based on its reported earnings over the past 12 months is 11.14. The shares last closed at $33.91.
The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.
The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.
Independent Bank (Michigan)'s management team is headed by:
- Michael Magee - NEC
- William Kessel - PRE
- Gavin Mohr - CFO
- Stefanie Kimball - EVP
- Larry Daniel - EVP
- Patrick Ervin - EVP
- Joel Rahn - EVP
- James Twarozynski - SVP
- William Boer - LED
- Dennis Archer - IND
- Terrance Beia - IND
- Joan Budden - IND
- Michael Cok - IND
- Stephen Gulis - IND
- Christina Keller - IND
- Ronia Kruse - IND
- Matthew Missad - IND