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IBCP Quote, Financials, Valuation and Earnings
Last price:
$33.55
Seasonality move
:
9.36%
Day range:
$32.87 - $33.92
52-week range:
$22.53 - $40.32
Dividend yield:
2.85%
P/E ratio:
11.45x
P/S ratio:
3.49x
P/B ratio:
1.55x
Volume:
147.8K
Avg. volume:
76.7K
1-year change:
36.32%
Market cap:
$703.3M
Revenue:
$200.5M
EPS (TTM):
$2.94
Analysts' Opinion
-
Consensus RatingIndependent Bank Corp (Ionia MI) has received a consensus rating of Hold. The company's average rating is a Hold based on 0 Buy ratings, 5 Hold ratings, and 0 Sell ratings.
-
Price Target UpsideAccording to analysts' consensus price target of $37.60, Independent Bank Corp (Ionia MI) has an estimated upside of 11.71% from its current price of $33.66.
-
Price Target DownsideAccording to analysts, the lowest downside price target is $35.00 representing -3.98% downside risk from its current price of $33.66.
Fair Value
-
According to the consensus of 5 analysts, Independent Bank Corp (Ionia MI) has 11.71% upside to fair value with a price target of $37.60 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 -2.96% 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) revenues have been falling on a year-over-year basis for 1 quarter in a row. In the most recent quarter Independent Bank Corp (Ionia MI) reported revenues of $49.6M.
Earnings Growth
-
Independent Bank Corp (Ionia MI) earnings have been falling on a year-over-year basis for 1 quarter in a row. In the most recent quarter Independent Bank Corp (Ionia MI) reported earnings per share of $0.65.
Enterprise value:
72.1M
EV / Invested capital:
--
Price / LTM sales:
3.49x
EV / EBIT:
0.40x
EV / Revenue:
0.36x
PEG ratio (5yr expected):
3.63x
EV / Free cash flow:
1.24x
Price / Operating cash flow:
12.21x
Enterprise value / EBITDA:
--
Gross Profit (TTM):
--
Return On Assets:
1.18%
Net Income Margin (TTM):
30.56%
Return On Equity:
14.94%
Return On Invested Capital:
11.61%
Operating Margin:
--
| Trailing 12 Months | Fiscal Quarters | |||||
|---|---|---|---|---|---|---|
| Period Ending | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2023-09-30 | 2024-09-30 | |
| Income Statement | ||||||
| Revenue | $202.4M | $203.1M | $203.1M | $53.4M | $49.6M | |
| Gross Profit | -- | -- | -- | -- | -- | |
| Operating Income | -- | -- | -- | -- | -- | |
| EBITDA | -- | -- | -- | -- | -- | |
| Diluted EPS | $2.84 | $2.85 | $2.94 | $0.83 | $0.65 | |
| Period Ending | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | |
|---|---|---|---|---|---|---|
| Balance Sheet | ||||||
| Current Assets | $1B | $1.5B | $874.9M | $812.1M | $710.5M | |
| Total Assets | $4.2B | $4.6B | $4.9B | $5.2B | $5.3B | |
| Current Liabilities | -- | -- | -- | -- | -- | |
| Total Liabilities | $3.8B | $4.2B | $4.6B | $4.8B | $4.8B | |
| Total Equity | $373.1M | $400M | $332.3M | $375M | $452.4M | |
| Total Debt | $108.8M | $108.9M | $165.8M | $129.2M | $79.3M | |
| 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
$703.3M
$672.4M
Price % of 52-Week High
83.48%
86.65%
Dividend Yield
2.85%
2.04%
Shareholder Yield
5.46%
3.87%
1-Year Price Total Return
30.97%
6.41%
Beta (5-Year)
1.036
0.739
Dividend yield:
2.85%
Annualized payout:
$0.92
Payout ratio:
31.94%
Growth streak:
9 years
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Technicals
8-day SMA
Sell
Level
$34.32
200-day SMA
Buy
Level
$30.70
Bollinger Bands (100)
Sell
Level
32.53 - 36.91
Chaikin Money Flow
Sell
Level
-3.4M
20-day SMA
Sell
Level
$35.64
Relative Strength Index (RSI14)
Sell
Level
31.63
ADX Line
Sell
Level
27.14
Williams %R
Buy
Level
-84.7195
50-day SMA
Sell
Level
$36.31
MACD (12, 26)
Sell
Level
-0.80
25-day Aroon Oscillator
Sell
Level
-72
On Balance Volume
Neutral
Level
12M
Financial Scores
--
Altman Z-Score
(Annual)
Level (--)
Sell
CA Score
(Annual)
Level (-2.2719)
--
Beneish M-Score
(Annual)
Level (--)
Buy
Momentum Score
Level (10)
--
Ohlson Score
Level (--)
--
Piotroski F Score
(Annual)
Level (--)
--
Quality Ratio Score
Level (--)
Buy
Fundamental Score
Level (8)
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 5 Hold ratings, and 0 Sell ratings. The IBCP average analyst price target in the past 3 months is $37.60.
-
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 $37.60 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 $37.60 according to 5 Wall Street analysts, 0 of them rate the stock a Buy, 0 rate the stock a Sell, and 5 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. 5 of 5 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 $33.55 per share. This represents the most recent stock quote for Independent Bank Corp (Ionia MI). Yesterday, Independent Bank Corp (Ionia MI) closed at $33.66 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.
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