Independent Bank Corp (Michigan)

IBCP

36.600USD

+0.020+0.05%

Close 02/06, 16:00（ET）Quotes delayed by 15 min

Independent Bank Corp (Michigan)'s Score

Industry at a Glance

Industry Ranking

47 / 397

Overall Ranking

91 / 4521

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

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 181.66M.

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 1.50, at a high 3-year percentile range.

Institutional Selling

The latest institutional holdings are 17.90M shares, decreasing 7.08% quarter-over-quarter.

Held by Paul Tudor Jones

Star Investor Paul Tudor Jones holds 64.34K shares of this stock.

Analyst Rating

Based on 4 analysts

Hold

Current Rating

37.500

Target Price

+2.52%

Upside Space

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

The current financial score of Independent Bank Corp (Michigan) is 8.52, ranking 99 out of 397 in the Banking Services industry. Its financial status is weak, and its operating efficiency is high. Its latest quarterly revenue reached 47.42M, representing a year-over-year decrease of 7.63%, while its net profit experienced a year-over-year decrease of 0.60%.

Score

Industry at a Glance

Previous score

8.52

Change

0



Financials

5.96

Key Metrics

Cash and cash equivalents

Total assets

Total liabilities

Free cash flow

Relevant data have not been disclosed by the company yet.

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Quality of Earnings

10.00

Key Metrics

Total revenue

Operating profit

Total assets

SG&A

Relevant data have not been disclosed by the company yet.

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Operational Efficiency

10.00

Key Metrics

Cash flow from operating activities

Income after tax

Relevant data have not been disclosed by the company yet.

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Growth Potential

7.94

Key Metrics

Cash flow from operating activities

Total revenue

Relevant data have not been disclosed by the company yet.

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Shareholder Returns

8.70

Key Metrics

Free cash flow

Relevant data have not been disclosed by the company yet.

The current valuation score of Independent Bank Corp (Michigan) is 8.50, ranking 90 out of 397 in the Banking Services industry. Its current P/E ratio is 11.18, which is 17.27% below the recent high of 13.11 and 50.27% above the recent low of 5.56.

Score

Industry at a Glance

Previous score

8.50

Change

0

Valuation Dimensions

P/E

P/B

P/S

P/CF

Industry Ranking 47/397

Relevant data have not been disclosed by the company yet.

The current earnings forecast score of Independent Bank Corp (Michigan) is 6.00, ranking 272 out of 397 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

Industry at a Glance

Previous score

6.00

Change

0

Support & Resistance

Relevant data have not been disclosed by the company yet.

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.

The current price momentum score of Independent Bank Corp (Michigan) is 9.35, ranking 119 out of 397 in the Banking Services industry. Currently, the stock price is trading between the resistance level at 38.53 and the support level at 33.53, making it suitable for range-bound swing trading.

Score

Industry at a Glance

Previous score

9.37

Change

-0.02

Support & Resistance

Relevant data have not been disclosed by the company yet.

Institutional Confidence

Currency: USD Updated: 2026-02-06

The current institutional shareholding score of Independent Bank Corp (Michigan) is 7.00, ranking 57 out of 397 in the Banking Services industry. The latest institutional shareholding proportion is 86.49%, representing a quarter-over-quarter increase of 1.33%. The largest institutional shareholder is The Vanguard, holding a total of 1.33M shares, representing 6.45% of shares outstanding, with 0.35% increase in holdings.

Score

Industry at a Glance

Previous score

7.00

Change

0

Institutional Shareholding

Relevant data have not been disclosed by the company yet.

Shareholder Activity

Name

Shares Held

Chg %

BlackRock Institutional Trust Company, N.A.

2.10M

-1.92%

The Vanguard Group, Inc.

Star Investors

1.32M

-1.68%

Dimensional Fund Advisors, L.P.

882.45K

-0.75%

American Century Investment Management, Inc.

643.54K

+8.11%

State Street Investment Management (US)

628.76K

-1.21%

Renaissance Technologies LLC

Star Investors

600.30K

-3.11%

BlackRock Financial Management, Inc.

565.34K

-1.46%

FJ Capital Management, LLC

550.19K

-17.22%

Independent Bank Corporation ESOP

523.51K

+5.86%

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1

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The 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 96 out of 397 in the Banking Services industry. The company's beta value is 0.77. 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.

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