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Independent Bank Corp (Michigan)

IBCP

31.970USD

+0.780+2.50%

Close 09/18, 16:00（ET）Quotes delayed by 15 min

662.28MMarket Cap

10.23P/E TTM



Independent Bank Corp (Michigan)

31.970

+0.780+2.50%

Overview Company Financials Analysis

TradingKey Stock Score

Overall Financial Health

Valuation Dimensions

Earnings Forecast

Price Momentum

Institutional Confidence

Risk Assessment

Peer Comparison

TradingKey Stock Score

Currency: USD Updated: 2025-09-18

Key Insights

The company's fundamentals are relatively healthy. Its valuation is considered overvalued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Hold. Despite an average stock market performance, 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.

Score

Industry at a Glance

Industry Ranking

89 / 400

Overall Ranking

183 / 4721

Industry

Banking Services

Support & Resistance

No Data

Score Analysis

Current score

Previous score

Analyst Rating

Based on 5 analysts

Hold

Current Rating

35.400

Target Price

+13.50%

Upside Space

Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.

Company Highlights

StrengthsRisks

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.

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 1.41, at a medium 3-year percentile range.

Institutional Selling

The latest institutional holdings are 18.68M shares, decreasing 3.56% quarter-over-quarter.

Held by The Vanguard

Star Investor The Vanguard holds 1.35M shares of this stock.

Financial Health

Currency: USD Updated: 2025-09-18

The company's current financial score is 8.15, which is higher than the Banking Services industry's average of 7.07. Its financial status is stable, and its operating efficiency is high. Its latest quarterly revenue reached 47.05M, representing a year-over-year increase of 3.50%, while its net profit experienced a year-over-year increase of 8.91%.

Score

Industry at a Glance

Previous score

8.15

Change



Financials

6.17

Key Metrics

Cash and cash equivalents

Total assets

Total liabilities

Free cash flow

No Data



Quality of Earnings

8.92

Key Metrics

Total revenue

Operating profit

Total assets

SG&A

No Data



Operational Efficiency

10.00

Key Metrics

Cash flow from operating activities

Income after tax

No Data



Growth Potential

6.67

Key Metrics

Cash flow from operating activities

Total revenue

No Data



Shareholder Returns

9.00

Key Metrics

Free cash flow

No Data

Company Valuation

Currency: USD Updated: 2025-09-18

The company’s current valuation score is 1.80, which is higher than the Banking Services industry's average of 1.34. Its current P/E ratio is 10.05, which is 2.51% below the recent high of 10.30 and 2.49% above the recent low of 9.80.

Score

Industry at a Glance

Previous score

1.80

Change

Valuation Dimensions

P/E

P/B

P/S

P/CF

Industry Ranking 89/400

No Data

Earnings Forecast

Currency: USD Updated: 2025-09-18

The company’s current earnings forecast score is 6.00, which is lower than the Banking Services industry's average of 7.39. The average price target for Independent Bank Corp (Michigan) is 35.00, with a high of 37.00 and a low of 34.00.

Score

Industry at a Glance

Previous score

6.00

Change

Support & Resistance

No Data

Analyst Rating

Based on 5 analysts

Hold

Current Rating

35.400

Target Price

+13.50%

Upside Space

Strong Buy

Buy

Hold

Sell

Strong Sell

Peer Comparison

306

Total

Median

Average

Company name

Ratings

Analysts

Independent Bank Corp (Michigan)

IBCP

Bank of America Corp

BAC

JPMorgan Chase & Co

JPM

Wells Fargo & Co

WFC

US Bancorp

USB

Regions Financial Corp

...

Financial Forecasting

EPS

Revenue

Net Profit

EBIT

No Data

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: 2025-09-18

The company’s current price momentum score is 6.13, which is lower than the Banking Services industry's average of 7.69. Sideways: Currently, the stock price is trading between the resistance level at 32.83 and the support level at 30.25, making it suitable for range-bound swing trading.

Score

Industry at a Glance

Previous score

6.13

Change

0.5

Support & Resistance

No Data

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.

Indicators

Sell(2)

Neutral(3)

Buy(2)

Indicators

Value

Direction

MACD(12,26,9)

-0.286

Neutral

RSI(14)

48.942

Neutral

STOCH(KDJ)(9,3,3)

28.041

Buy

ATR(14)

0.703

High Vlolatility

CCI(14)

-67.381

Neutral

Williams %R

60.388

Sell

TRIX(12,20)

-0.004

Sell

StochRSI(14)

100.000

Buy

Moving Average

Sell(5)

Neutral(0)

Buy(1)

Indicators

Value

Direction

MA5

31.524

Buy

MA10

31.980

Sell

MA20

32.387

Sell

MA50

32.240

Sell

MA100

32.031

Sell

MA200

32.821

Sell

Institutional Confidence

Currency: USD Updated: 2025-09-18

The company’s current institutional recognition score is 10.00, which is higher than the Banking Services industry's average of 6.22. The latest institutional shareholding proportion is 90.20%, representing a quarter-over-quarter decrease of 0.75%. The largest institutional shareholder is The Vanguard, holding a total of 1.35M shares, representing 6.50% of shares outstanding, with 12.08% increase in holdings.

Score

Industry at a Glance

Previous score

10.00

Change

Institutional Shareholding

No Data

Shareholder Activity

Name

Shares Held

Chg %

BlackRock Institutional Trust Company, N.A.

2.18M

+4.67%

The Vanguard Group, Inc.

Star Investors

1.33M

+9.88%

Dimensional Fund Advisors, L.P.

910.76K

-3.72%

Fidelity Institutional Asset Management

839.79K

-0.15%

FJ Capital Management, LLC

683.16K

+1.89%

State Street Global Advisors (US)

671.16K

-0.63%

Renaissance Technologies LLC

Star Investors

608.00K

+7.48%

American Century Investment Management, Inc.

567.68K

+8.42%

BlackRock Financial Management, Inc.

563.78K

+20.29%

Geode Capital Management, L.L.C.

525.62K

+5.88%

Risk Assessment

Currency: USD Updated: 2025-09-18

The company’s current risk assessment score is 5.41, which is higher than the Banking Services industry's average of 5.23. The company's beta value is 0.79. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets.