Indicators
Indicators
Value
Direction
MACD(12,26,9)
-0.151
Sell
RSI(14)
40.976
Neutral
STOCH(KDJ)(9,3,3)
24.248
Sell
ATR(14)
0.796
Low Volatility
CCI(14)
-145.445
Sell
Williams %R
87.383
Oversold
TRIX(12,20)
-0.043
Sell
StochRSI(14)
0.000
Oversold
Search
Independent Bank Corp (Michigan)
IBCPAdd to Watchlist
32.720USD
-0.590-1.77%
Close 05/15, 16:00（ET）Quotes delayed by 15 min
674.23MMarket Cap
9.69P/E TTM
TradingKey Stock Score
Overall Financial Health
Valuation Dimensions
Earnings Forecast
Price Momentum
Institutional Confidence
Risk Assessment
Peer Comparison
TradingKey Stock Score of Independent Bank Corp (Michigan)
Currency: USD Updated: 2026-05-15Key Insights
Independent Bank Corp (Michigan)'s fundamentals are relatively stable, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 119 out of 394 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 37.10.In the medium term, the stock price is expected to trend down.Despite an average stock market performance over the past month, the company shows strong 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
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
Neutral
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%.
Fairly Valued
The company’s latest PB is 1.32, at a medium 3-year percentile range.
Institutional Buying
The latest institutional holdings are 19.00M shares, increasing 2.02% quarter-over-quarter.
Held by James Simons
Star Investor James Simons holds 585.70K shares of this stock.
Analyst Rating
Based on
5
analysts
Hold
Current Rating
37.100
Target Price
+11.38%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Financial Health
Currency: USD Updated: 2026-05-15The current financial score of Independent Bank Corp (Michigan) is 4.48, ranking 383 out of 394 in the Banking Services industry. Its financial status is weak, and its operating efficiency is low. Its latest quarterly revenue reached 49.71M, representing a year-over-year increase of 10.23%, while its net profit experienced a year-over-year increase of 8.24%.
Score
Financials
5.78
Key Metrics
Cash and cash equivalents
Total assets
Total liabilities
Free cash flow
Relevant data have not been disclosed by the company yet.
Quality of Earnings
2.42
Operational Efficiency
2.72
Growth Potential
6.51
Shareholder Returns
4.95
Independent Bank Corp (Michigan)'s Company Valuation
Currency: USD Updated: 2026-05-15The current valuation score of Independent Bank Corp (Michigan) is 8.50, ranking 87 out of 394 in the Banking Services industry. Its current P/E ratio is 9.69, which is 35.38% below the recent high of 13.11 and 42.59% above the recent low of 5.56.
Score
Valuation Dimensions
P/E
P/B
P/S
P/CF
Industry Ranking 119/394
Relevant data have not been disclosed by the company yet.
Earnings Forecast
Currency: USD Updated: 2026-05-15The current earnings forecast score of Independent Bank Corp (Michigan) is 6.00, ranking 280 out of 394 in the Banking Services industry. The average price target is 35.00, with a high of 36.00 and a low of 34.00.
Score
Support & Resistance
Relevant data have not been disclosed by the company yet.
Analyst Rating
Based on
5
analysts
Hold
Current Rating
37.100
Target Price
+11.38%
Upside Space
Strong Buy
Buy
Hold
Sell
Strong Sell
Peer Comparison
308
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
27
Wells Fargo & Co
WFC
26
US Bancorp
USB
23
PNC Financial Services Group Inc
PNC
23
1
2
3
...
62
Financial Forecasting
EPS
Revenue
Net Profit
EBIT
Relevant data have not been disclosed by the company yet.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Price Momentum
Currency: USD Updated: 2026-05-15The current price momentum score of Independent Bank Corp (Michigan) is 6.58, ranking 290 out of 394 in the Banking Services industry. Currently, the stock price is trading between the resistance level at 34.54 and the support level at 31.67, making it suitable for range-bound swing trading.
Score
Support & Resistance
Relevant data have not been disclosed by the company yet.
Indicators
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
Moving Average
Indicators
Value
Direction
MA5
33.286
Sell
MA10
33.528
Sell
MA20
33.573
Sell
MA50
33.560
Sell
MA100
34.147
Sell
MA200
33.001
Sell
Institutional Confidence
Currency: USD Updated: 2026-05-15The current institutional shareholding score of Independent Bank Corp (Michigan) is 10.00, ranking 1 out of 394 in the Banking Services industry. The latest institutional shareholding proportion is 92.19%, representing a quarter-over-quarter increase of 6.09%. The largest institutional shareholder is James Simons, holding a total of 582.29K shares, representing 2.83% of shares outstanding, with 3.69% decrease in holdings.
Score
Institutional Shareholding
Relevant data have not been disclosed by the company yet.
Shareholder Activity
Name
Shares Held
Chg %
BlackRock Institutional Trust Company, N.A.
Dimensional Fund Advisors, L.P.
American Century Investment Management, Inc.
State Street Investment Management (US)
BlackRock Financial Management, Inc.
Fidelity Institutional Asset Management Trust Company
Acadian Asset Management LLC
Independent Bank Corporation ESOP
1
2
Risk Assessment
Currency: USD Updated: 2026-05-15The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Banking Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Independent Bank Corp (Michigan) is 8.39, ranking 95 out of 394 in the Banking Services industry. The company's beta value is 0.70. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. Independent Bank Corp (Michigan)’s latest ESG disclosure leads the Banking Services industry, indicating outstanding, compliant performance across environmental management, social responsibility, and governance, which may help mitigate overall risk.
Score
Beta vs S&P 500 index
0.69
VaR
+2.65%
240-Day Maximum Drawdown
+13.50%
240-Day Volatility
+29.01%
Return
Best Daily Return
60 days
+2.69%
120 days
+5.07%
5 years
+15.10%
Worst Daily Return
60 days
-3.95%
120 days
-3.95%
5 years
-8.34%
Sharpe Ratio
60 days
-1.79
120 days
+0.76
5 years
+0.56
Risk Assessment
Maximum Drawdown
240 days
+13.50%
3 years
+27.98%
5 years
+40.34%
Return-to-Drawdown Ratio
240 days
+0.36
3 years
+1.05
5 years
+0.28
Skewness
240 days
+0.37
3 years
+0.91
5 years
+0.51
Volatility
Realised Volatility
240 days
+29.01%
5 years
+34.59%
Standardised True Range
240 days
+2.59%
5 years
+2.29%
Downside Risk-Adjusted Return
120 days
+133.54%
240 days
+133.54%
Maximum Daily Upside Volatility
60 days
+18.42%
Maximum Daily Downside Volatility
60 days
+21.38%
Liquidity
Average Turnover Rate
60 days
+0.92%
120 days
+0.80%
5 years
--
Turnover Deviation
20 days
+41.86%
60 days
+59.21%
120 days
+39.45%
Peer Comparison
Banking Services
Independent Bank Corp (Michigan)
IBCP
6.75 /10
Score
Financial Health
Valuation Dimensions
Earnings Forecast
Price Momentum
Institutional Confidence
Risk Assessment
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RY
8.49 /10
Score
Financial Health
Valuation Dimensions
Earnings Forecast
Price Momentum
Institutional Confidence
Risk Assessment
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PB
8.47 /10
Score
Financial Health
Valuation Dimensions
Earnings Forecast
Price Momentum
Institutional Confidence
Risk Assessment
East West Bancorp Inc
EWBC
8.42 /10
Score
Financial Health
Valuation Dimensions
Earnings Forecast
Price Momentum
Institutional Confidence
Risk Assessment
Synchrony Financial
SYF
8.38 /10
Score
Financial Health
Valuation Dimensions
Earnings Forecast
Price Momentum
Institutional Confidence
Risk Assessment
AerCap Holdings NV
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8.38 /10
Score
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