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Independent Bank Corp (Michigan)

IBCP
View Detailed Chart
33.120USD
-0.410-1.22%
Close 12/26, 16:00ETQuotes delayed by 15 min
685.31MMarket Cap
10.08P/E TTM

Independent Bank Corp (Michigan)

33.120
-0.410-1.22%
Intraday
1m
30m
1h
D
W
M
D

Today

-1.22%

5 Days

-2.93%

1 Month

+1.22%

6 Months

+1.53%

Year to Date

-4.91%

1 Year

-4.53%

View Detailed Chart

Key Insights

Independent Bank Corp (Michigan)'s fundamentals are relatively stable, and its growth potential is high.Its valuation is considered fairly valued, ranking 81/403 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 35.20.In the medium term, the stock price is expected to remain stable.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.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
81 / 403
Overall Ranking
139 / 4563
Industry
Banking Services

Support & Resistance

Relevant data have not been disclosed by the company yet.

Score Analysis

Current score
Previous score

Analyst Rating

Based on 5 analysts
Hold
Current Rating
35.200
Target Price
+4.82%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.

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 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%.
Fairly Valued
The company’s latest PB is 1.40, at a medium 3-year percentile range.
Institutional Selling
The latest institutional holdings are 17.66M shares, decreasing 5.53% quarter-over-quarter.
Held by Paul Tudor Jones
Star Investor Paul Tudor Jones holds 64.34K shares of this stock.

Independent Bank Corp (Michigan) News

More news coming soon, stay tuned...

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/

FAQs

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

The current price of Independent Bank Corp (Michigan) (IBCP) is 33.120.

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 37.130.

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

The 52-week low of Independent Bank Corp (Michigan) is 26.750.

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

The market capitalization of Independent Bank Corp (Michigan) is 685.31M.

What is the net income of Independent Bank Corp (Michigan)?

The net income of Independent Bank Corp (Michigan) is 66.79M.

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 Hold, with a price target of 35.200.

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 3.286.
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