IBCP — Independent Bank (Michigan) Share Price
0.000.00%
Last trade - 00:00- $650.99m
- $669.85m
- $222.61m
- 73
- 76
- 91
- 94
Growth & Value
| 12m Forecast Rolling | Industry | Market | |
|---|---|---|---|
| PE Ratio (f) | 9.57 | ||
| PEG Ratio (f) | 4.25 | ||
| EPS Growth (f) | 2.31% | ||
| Dividend Yield (f) | 3.38% | ||
| Valuation (ttm) | Industry | Market | |
|---|---|---|---|
| Price to Book Value | 1.39 | ||
| Price to Tang. Book | 1.61 | ||
| Price to Free Cashflow | 11.79 | ||
| Price to Sales | 2.91 | ||
| EV to EBITDA | 89.36 | ||
Shareholder Activity
| Type | Buy / Hold / Sell |
|---|---|
| Institutions | |
| Directors | |
| Community |
Guru Screens
Quality
| Name | Industry | Market | |
|---|---|---|---|
| Return on Capital | 1.55% | ||
| Return on Equity | 15.04% | ||
| Operating Margin | 36.78% | ||
Financial Summary
| Year End 31st Dec | Unit | 2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | CAGR / Avg |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $m | 203.96 | 206.03 | 211.17 | 206.77 | 222.61 | 181.25 | 192.26 | 5.5% |
| Operating Profit | m | ||||||||
| Net Profit | m | ||||||||
| EPS Reported | |||||||||
| Diluted Normalised EPS | |||||||||
| EPS Growth | % | +48.79 | -3.22 | +3.14 | -6.21 | +13.42 | +0.43 | +6.32 | n/a |
| PE Ratio | x | ||||||||
| PEG | |||||||||
| Profitability | |||||||||
| Operating Margin | % | ||||||||
| ROA | % | ||||||||
| ROCE | % | ||||||||
| ROE | % | ||||||||
| Cashflow | |||||||||
| Op. Cashflow ps | |||||||||
| Capex ps | |||||||||
| Free Cashflow ps | |||||||||
| Dividends | |||||||||
| Dividend ps | |||||||||
| Dividend Growth | % | ||||||||
| Dividend Yield | % | ||||||||
| Dividend Cover | x | ||||||||
| Balance Sheet | |||||||||
| Cash etc | m | ||||||||
| Working Capital | m | ||||||||
| NFA | m | ||||||||
| Net Debt | m | ||||||||
| Book Value | m | ||||||||
| Diluted Weighted Average Shares | m | ||||||||
| Book Value ps | |||||||||
Other Ratios
| Leverage (ttm) | Total | - Intang | + Pension |
|---|---|---|---|
| Gross Gearing | |||
| Net Gearing | |||
| Cash / Assets |
| Liquidity (ttm) | |
|---|---|
| Curr. Ratio | |
| Quick Ratio | |
| Interest Cov. | |
| Efficiency (ttm) | |
|---|---|
| Asset Turnover | |
| Recs Turnover | |
| Stock Turnover | |
Recent History
| Latest interim period vs. prior period | Industry | Market | |
|---|---|---|---|
| Sales Growth | |||
| EPS Growth | |||
| 3yr Compound Annual Growth Rate | Industry | Market | |
|---|---|---|---|
| Sales CAGR | |||
| EPS CAGR | |||
| DPS CAGR | |||
Profile Summary
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.
Directors
- Michael Magee NEC (64)
- William Kessel PRE (56)
- Gavin Mohr CFO (37)
- Stefanie Kimball EVP (61)
- Larry Daniel EVP (57)
- Patrick Ervin EVP (55)
- Joel Rahn EVP (53)
- James Twarozynski SVP (55)
- William Boer LED (65)
- Dennis Archer IND (51)
- Terrance Beia IND (61)
- Joan Budden IND (59)
- Michael Cok IND (59)
- Stephen Gulis IND (63)
- Christina Keller IND (39)
- Ronia Kruse IND (50)
- Matthew Missad IND (61)
- Last Annual
- December 31st, 2024
- Last Interim
- March 31st, 2025
- Incorporated
- September 17th, 1973
- Public Since
- January 16th, 1984
- No. of Shareholders
- 1,100
- No. of Employees
- 732
- Sector
- Banking Services
- Industry
- Financials
- Exchange
- NASDAQ Global Select Market
- Shares in Issue
- 20,970,115
- Address
- 4200 E Beltline Ave, GRAND RAPIDS, 49525
- Web
- https://ir.independentbank.com/
- Phone
- +1 6165279450
- Contact
- Gavin Mohr
- Auditors
- Crowe LLP
Upcoming Events for IBCP
Q2 2025 Independent Bank Corp (Michigan) Earnings Release
Q3 2025 Independent Bank Corp (Michigan) Earnings Release
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FAQ
What is the Independent Bank (Michigan) share price?
As of Today at 21:16 UTC, shares in Independent Bank (Michigan) are trading at $31.04. This share price information is delayed by 15 minutes.
How has the Independent Bank (Michigan) share price performed this year?
Shares in Independent Bank (Michigan) last closed at $31.04 and the price had moved by +23.32% over the past 365 days. In terms of relative price strength the Independent Bank (Michigan) share price has outperformed the S&P500 Index by +13.83% over the past year.
What are the analyst and broker recommendations for Independent Bank (Michigan)?
The overall consensus recommendation for Independent Bank (Michigan) is Hold. You can view the full broker recommendation list by unlocking its StockReport.
Find out moreWhat is the Independent Bank (Michigan) dividend yield?
The Independent Bank (Michigan) dividend yield is 3.16% based on the trailing twelve month period.
Does Independent Bank (Michigan) pay a dividend?
Last year, Independent Bank (Michigan) paid a total dividend of $0.98, and it currently has a trailing dividend yield of 3.16%.Looking ahead, shares in Independent Bank (Michigan) are due to go ex-dividend on 2025-05-05 and the next dividend pay date is 2025-05-15.
When does Independent Bank (Michigan) next pay dividends?
Independent Bank (Michigan) are due to go ex-dividend on 2025-05-05 and the next dividend pay date is 2025-05-15. The historic dividend yield on Independent Bank (Michigan) shares is currently 3.16%.
How do I buy Independent Bank (Michigan) shares?
To buy shares in Independent Bank (Michigan) you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.
What is the market cap of Independent Bank (Michigan)?
As of the previous close price of $31.04, shares in Independent Bank (Michigan) had a market capitalisation of $650.99m.
Where are Independent Bank (Michigan) shares listed?
Here are the trading details for Independent Bank (Michigan):
- Country of listing: United States
- Exchange: NSQ
- Ticker Symbol: IBCP
What kind of share is Independent Bank (Michigan)?
Based on an overall assessment of its quality, value and momentum Independent Bank (Michigan) is currently classified as a Super Stock. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.
Is there a Independent Bank (Michigan) share price forecast for 2025?
The analyst consensus target price for shares in Independent Bank (Michigan) is $34.80. That is 12.11% above the last closing price of $31.04.
Analysts covering Independent Bank (Michigan) currently have a consensus Earnings Per Share (EPS) forecast of $3.18 for the next financial year.
Find out moreWhat is the trend in the Independent Bank (Michigan) share price?
An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Independent Bank (Michigan). Over the past six months, its share price has outperformed the S&P500 Index by +0.42%.
As of the last closing price of $31.04, shares in Independent Bank (Michigan) were trading -7.6% below their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.
What is the Independent Bank (Michigan) PE Ratio?
The Independent Bank (Michigan) PE ratio based on its reported earnings over the past 12 months is 9.57. The shares last closed at $31.04.
The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.
The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.
Who are the key directors of Independent Bank (Michigan)?
Independent Bank (Michigan)'s management team is headed by:
- Michael Magee - NEC
- William Kessel - PRE
- Gavin Mohr - CFO
- Stefanie Kimball - EVP
- Larry Daniel - EVP
- Patrick Ervin - EVP
- Joel Rahn - EVP
- James Twarozynski - SVP
- William Boer - LED
- Dennis Archer - IND
- Terrance Beia - IND
- Joan Budden - IND
- Michael Cok - IND
- Stephen Gulis - IND
- Christina Keller - IND
- Ronia Kruse - IND
- Matthew Missad - IND