Independent Bank (IBCP)
NASDAQ:IBCP

Independent Bank Stock Analysis & Ratings

Independent Bank Stock Analysis Overview

Smart Score
9
Outperform
1
2
3
4
5
6
7
8
9
10
Learn more about TipRanks Smart Score
The Independent Bank stock analysis is based on the TipRanks Smart Score which is derived from 8 unique data sets including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment and multiple Technical stock factors. The Smart Score is a quantitative, data-driven rating system and does not include human intervention.

Stock Chart

IBCP

IBCP Stock Stats

Previous Close$24.52
Open$24.32
Bid20.01 x 1
Ask0 x 0
Today’s Range$24.07 - $24.9412
52-Week Range$18.29 - $25.94
Volume101.88K
Average Volume87.91K
Market Cap$520.44M
Beta1.07
P/E Ratio8.0
EPS3.06
Earnings DateJan 27, 2022
Dividend & Yield0.84 (3.42%)
Ex-Dividend DateNov 04, 2021

Company Description

Independent Bank

Independent Bank Corp. operates as a bank holding company. It provides financial services including commercial banking, mortgage lending, investments, and title services. The company was founded in 1864 and is headquartered in Ionia, MI.
Sector
Financial
Industry
Banks
CEO
William B. Kessel
Employees
983
Website
www.independentbank.com
ISIN
US4538386099
Address
4200 East Beltline, Grand Rapids, MI, 49525, US

Financials


P/E Ratio Range

The price to earnings ratio. This is used by investors to assess a stock’s market price relative to its earnings.

IBCP FAQ

What was Independent Bank’s price range in the past 12 months?
Independent Bank lowest stock price was $18.29 and its highest was $25.94 in the past 12 months.
    What is Independent Bank’s market cap?
    Independent Bank’s market cap is $520.44M.
      What is Independent Bank’s price target?
      Currently, no data Available
      What do analysts say about Independent Bank?
      Not enough analysts have published a price target to provide an average price target.
      When is Independent Bank’s upcoming earnings report date?
      Independent Bank’s upcoming earnings report date is Jan 27, 2022 which is in 4 days.
        How were Independent Bank’s earnings last quarter?
        Independent Bank released its earnings results on Oct 26, 2021. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.623 by $0.127.
          Is Independent Bank overvalued?
          According to Wall Street analysts Independent Bank’s price is currently Overvalued.
            Does Independent Bank pay dividends?
            Independent Bank pays a Quarterly dividend of $0.21 which represents an annual dividend yield of 3.42%. Independent Bank’s last Quarterly dividend payment was on Nov 15, 2021. Independent Bank’s upcoming ex-dividend date is Nov 04, 2021
              What is Independent Bank’s EPS estimate?
              Independent Bank’s EPS estimate for its next earnings report is not yet available.
              How many shares outstanding does Independent Bank have?
              Independent Bank has 21,280,000 shares outstanding.
                What happened to Independent Bank’s price movement after its last earnings report?
                Independent Bank reported an EPS of $0.75 in its last earnings report, beating expectations of $0.623. Following the earnings report the stock price went up 0.276%.
                  Which hedge fund is a major shareholder of Independent Bank?
                  Among the largest hedge funds holding Independent Bank’s share is Hotchkis & Wiley Capital Management LLC. It holds Independent Bank’s shares valued at 5M.

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