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Independent Bank Corp (Michigan)

IBCP
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38.200USD
+0.010+0.03%
Close 07-31 16:00ETQuotes delayed by 15 min
787.02MMarket Cap
11.31P/E TTM

Independent Bank Corp (Michigan)

38.200
+0.010+0.03%
View Detailed Chart
TradingKey Chart
Intraday
1m
30m
1h
D
W
M
D

Today

+0.03%

5 Days

+1.43%

1 Month

+5.99%

6 Months

+5.12%

Year to Date

+17.43%

1 Year

+26.95%

Key Figures
38.060Open
38.335High
182.50KVolume
11.31P/E TTM
9.14P/E Dynamic
--Dividend TTM
0.89%Turnover Ratio
38.190Prev. Close
37.775Low
4.87MTurnover
11.78P/E Static
1.49P/B
0.00%Div Yield TTM
1.28%ROA
39.16552wk High
0.84Volume Ratio
66.79MNet Profit
20.60MShares
3.3777EPS TTM
0.70Beta
14.28%ROE
29.63052wk Low
1.47%Amplitude
--Gross Margin
787.02MMarket Cap
4.44Reward/Risk
1.44%Risk Rate

Key Insights

Independent Bank Corp (Michigan)'s fundamentals are relatively stable, and its growth potential is high.Its valuation is considered fairly valued, ranking 23 out of 395 in the Banking Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 39.40.In the medium term, the stock price is expected to trend up.Despite a good stock market performance and outperforming fundamentals over the past month, the technicals don't support the current trend.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.

Independent Bank Corp (Michigan)'s Score

Industry at a Glance

Industry Ranking
23 / 395
Overall Ranking
86 / 4281
Industry
Banking Services

Support & Resistance

Relevant data have not been disclosed by the company yet.

Score Analysis

Current score
Previous score

Media Coverage

Last 24 hours
Coverage Level

Very Low
Very High
Positive

Independent Bank Corp (Michigan) Highlights

StrengthsRisks
Independent Bank Corp. is a bank holding company, the principal subsidiary of which is Rockland Trust Company (the Bank). The Bank is a state-chartered commercial bank which provides a variety of banking, investment and financial services through its retail branches, commercial banking centers, investment management offices, and mortgage lending centers located throughout Eastern Massachusetts as well as in Worcester County and Rhode Island. It also offers a full suite of mobile, online, and telephone banking services. The Bank’s borrowers primarily consist of small-to-upper middle market-sized businesses and consumers. Its loan portfolio includes commercial loans, consumer loans, and other consumer loans, primarily consisting of investment management secured lines of credit, installment loans and overdraft protection lines. The commercial loans consist of commercial real estate loans, construction loans, commercial and industrial loans, and small business loans.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 187.94M.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 30.01%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 30.01%.
Overvalued
The company’s latest PB is 1.54, at a high 3-year percentile range.
Institutional Buying
The latest institutional holdings are 19.00M shares, increasing 2.02% quarter-over-quarter.
Held by ETHSX
Star Investor ETHSX holds 66.51K shares of this stock.
Higher Market Activity
The company has more investor interest, with a 20-day turnover ratio of 0.66.

Analyst Rating

Based on 5 analysts
Hold
Current Rating
39.400
Target Price
+3.14%
Upside Space

Independent Bank Corp (Michigan) News

More news coming soon, stay tuned...

Earnings Forecast

Analyst Rating

Based on 5 analysts
Hold
Current Rating
39.400
Target Price
+3.14%
Upside Space
Strong Buy
Buy
Hold
Sell
Strong Sell

Peer Comparison

287
Total
4
Median
5
Average
Company name
Ratings
Analysts
Independent Bank Corp (Michigan)
IBCP
5
JPMorgan Chase & Co
JPM
27
Bank of America Corp
BAC
26
Wells Fargo & Co
WFC
26
US Bancorp
USB
23
PNC Financial Services Group Inc
PNC
23
1
2
3
...
58

Indicators

Indicators
Sell(2)
Neutral(3)
Buy(2)
Indicators
Value
Direction
MACD(12,26,9)
0.286
Buy
RSI(14)
63.071
Neutral
STOCH(KDJ)(9,3,3)
79.592
Neutral
ATR(14)
0.987
High Vlolatility
CCI(14)
77.327
Neutral
Williams %R
22.985
Buy
TRIX(12,20)
0.295
Sell
StochRSI(14)
16.286
Sell
Moving Average
Sell(1)
Neutral(0)
Buy(5)
Indicators
Value
Direction
MA5
38.258
Sell
MA10
37.460
Buy
MA20
36.766
Buy
MA50
35.589
Buy
MA100
34.561
Buy
MA200
34.034
Buy

Financial Indicators

EPS

Relevant data have not been disclosed by the company yet.

Total revenue

Relevant data have not been disclosed by the company yet.

Independent Bank Corp (Michigan) Info

Independent Bank Corp. is a bank holding company, the principal subsidiary of which is Rockland Trust Company (the Bank). The Bank is a state-chartered commercial bank which provides a variety of banking, investment and financial services through its retail branches, commercial banking centers, investment management offices, and mortgage lending centers located throughout Eastern Massachusetts as well as in Worcester County and Rhode Island. It also offers a full suite of mobile, online, and telephone banking services. The Bank’s borrowers primarily consist of small-to-upper middle market-sized businesses and consumers. Its loan portfolio includes commercial loans, consumer loans, and other consumer loans, primarily consisting of investment management secured lines of credit, installment loans and overdraft protection lines. The commercial loans consist of commercial real estate loans, construction loans, commercial and industrial loans, and small business loans.
Ticker SymbolIBCP
CompanyIndependent Bank Corp (Michigan)
CEOKessel (William Bradford)
Websitehttps://ir.independentbank.com/

Shareholders

Shareholders
Shareholders
Proportion
BlackRock Institutional Trust Company, N.A.
10.03%
Vanguard Capital Management, LLC
4.39%
Dimensional Fund Advisors, L.P.
4.18%
American Century Investment Management, Inc.
3.26%
State Street Investment Management (US)
3.19%
Other
74.94%

FAQs

What is the current price of Independent Bank Corp (Michigan) (IBCP)?

The current price of Independent Bank Corp (Michigan) (IBCP) is 38.20.

What is the symbol of Independent Bank Corp (Michigan)?

The ticker symbol of Independent Bank Corp (Michigan) is IBCP.

What is the 52-week high of Independent Bank Corp (Michigan)?

The 52-week high of Independent Bank Corp (Michigan) is 39.16.

What is the 52-week low of Independent Bank Corp (Michigan)?

The 52-week low of Independent Bank Corp (Michigan) is 29.63.

What is the market capitalization of Independent Bank Corp (Michigan)?

The market capitalization of Independent Bank Corp (Michigan) is 787.02M.

Is Independent Bank Corp (Michigan) (IBCP) currently rated as Buy, Hold, or Sell?

According to analysts, Independent Bank Corp (Michigan) (IBCP) has an overall rating of signal_hold, with a price target of 39.40.

What is the Earnings Per Share (EPS TTM) of Independent Bank Corp (Michigan) (IBCP)?

The Earnings Per Share (EPS TTM) of Independent Bank Corp (Michigan) (IBCP) is 3.30.
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