Independent Bank (Michigan) logo

IBCP - Independent Bank (Michigan) Share Price

$15.17 0.1  0.9%

Last Trade - 23/10/20

Sector
Financials
Size
Small Cap
Market Cap £254.5m
Enterprise Value £278.6m
Revenue £139.2m
Position in Universe 3383rd / 6447
Bullish
Bearish
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Momentum
Relative Strength (%)
1m +16.0%
3m
6m
1yr
Volume Change (%)
10d / 3m
Price vs... (%)
52w High -34.5%
50d MA
200d MA
Growth & Value
12m Forecast Rolling Industry Market
Valuation (ttm) Industry Market
Margin of Safety
Qualifying GuruScreens
Financial Summary
Year End 31st Dec 2014 2015 2016 2017 2018 2019 2020E 2021E CAGR / Avg
112 115.1 121.9 131.7 158.1 170.3 124 119.4 +8.7%
-80.7 +11.9 +35.7 +9.8 +45.7 +11.6 -9.93 -16.1
PEG
Profitability
ROA
%
%
Cashflow
Dividends
Balance Sheet
NFA
m
FINANCIAL BRIEF: : For the six months ended 30 June 2020, Independent Bank Corp (Michigan) interest income decreased 7% to $69.3M. Net interest income after loan loss provision increased 2% to $60.7M. Net income decreased 3% to $19.6M. Net interest income after loan loss provision reflects Tax-exempt-Interest on securities increase of 69% to $1.2M. Net income was offset by Service charges on deposit accounts decrease of 23% to $4.2M (income).
Health Trend(F-Score)
0 1 2 3 4 5 6 7 8 9
Bankruptcy Score(Z-Score)
Distress
Cautious
Safe
Earnings Manipulation Risk(M-Score)
Other Ratios
Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Latest News & Insights for IBCP
Graphical History

Revenue

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Net Income

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Normalised EPS

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PE Ratio Range

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Dividend Yield Range

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Analyst Forecasts
Price Target:
( below Price)
31st Dec 2020
31st Dec 2021
Est. Long Term Growth Rate: Net Profit
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EPS
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DPS
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Net Profit
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EPS
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Consensus Estimate
1m Change
3m Change
Analyst Consensus
Strong Sell Sell Hold Buy Strong Buy
EPS 2019 /  2020
IBCP EPS Forecasts Unlock IBCP Revenue
Profile Summary

Independent Bank Corporation is a bank holding company. The Company owns all of the outstanding stock of Independent Bank (the Bank). The Bank focuses on commercial banking industry. The Bank offers a 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. The Company's principal markets are the rural and suburban communities across lower Michigan. As of December 31, 2016, the Company's markets were served by the Bank's main office in Grand Rapids, Michigan, and a total of 62 branches, a drive-in facility and 12 loan production offices. The Bank's branches provide lobby and drive-in services, as well as automatic teller machines (ATMs). Its Bank also offers title insurance services through a subsidiary, and investment and insurance services through a third party agreement with Cetera Investment Services LLC.

Directors
Last Annual December 31st, 2019
Last Interim June 30th, 2020
Incorporated September 17, 1973
Public Since October 3, 1991
No. of Shareholders: n/a
No. of Employees: 848
Sector Financials
Industry Banking Services
Index Nasdaq Composite ,
Exchange NASDAQ Global Select Market
Shares in Issue 21,880,738
Free Float (0.0%)
Eligible for
ISAs
SIPPs
IBCP Share Price Performance
Share Price
Bid - Ask
Low - High
Spread
Day's Change
Avg Volume
Open - Close
Range (12m)
Beta
Latest News for IBCP
Upcoming Events for IBCP
Tuesday 27th October, 2020
Q3 2020 Independent Bank Corp (Michigan) Earnings Call
Wednesday 4th November, 2020
Dividend For IBCP.OQ - 0.2000 USD
Thursday 21st January, 2021 Estimate
Q4 2020 Independent Bank Corp (Michigan) Earnings Release
Frequently Asked Questions for Independent Bank (Michigan)
What is the Independent Bank (Michigan) share price?

As of 23/10/20, shares in Independent Bank (Michigan) are trading at $15.17, giving the company a market capitalisation of £254.5m. 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) are currently trading at $15.17 and the price has moved by -32.16% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the Independent Bank (Michigan) price has moved by -40.62% over the past year.

What are the analyst and broker recommendations for Independent Bank (Michigan)?

Of the analysts with advisory recommendations for Independent Bank (Michigan), there are there are currently 0 "buy" , 4 "hold" and 0 "sell" recommendations. The overall consensus recommendation for Independent Bank (Michigan) is Hold. You can view the full broker recommendation list by unlocking its StockReport.

When will Independent Bank (Michigan) next release its financial results?

Independent Bank (Michigan) is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2021-06-30
What is the Independent Bank (Michigan) dividend yield?

The Independent Bank (Michigan) dividend yield is 5.01% based on the trailing twelve month period.

Does Independent Bank (Michigan) pay a dividend?

Last year, Independent Bank (Michigan) paid a total dividend of 0.76, and it currently has a trailing dividend yield of 5.01%. Looking ahead, shares in Independent Bank (Michigan) are due to go ex-dividend on 2020-11-04 and the next dividend pay date is 2020-11-16.

When does Independent Bank (Michigan) next pay dividends?

Independent Bank (Michigan) are due to go ex-dividend on 2020-11-04 and the next dividend pay date is 2020-11-16. The historic dividend yield on Independent Bank (Michigan) shares is currently 5.01%.

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)?

Shares in Independent Bank (Michigan) are currently trading at $15.17, giving the company a market capitalisation of £254.5m.

Where are Independent Bank (Michigan) shares listed? 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 Style Neutral. 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 2020?

Shares in Independent Bank (Michigan) are currently priced at $15.17. At that level they are trading at 6.79% discount to the analyst consensus target price of 0.00.

Analysts covering Independent Bank (Michigan) currently have a consensus Earnings Per Share (EPS) forecast of 1.804 for the next financial year.

How can I tell whether the Independent Bank (Michigan) share price will go up?

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, the relative strength of its shares against the market has been -5.43%. At the current price of $15.17, shares in Independent Bank (Michigan) are trading at -1.24% against 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 6.13. The shares are currently trading at $15.17.

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 - CHM
James Twarozynski - SVP
William Kessel - PRE
Stefanie Kimball - EVP
William Boer - LED
Joan Budden - IND
Michael Cok - IND
Terrance Beia - IND
Larry Daniel - EVP
Patrick Ervin - EVP
Ronia Kruse - DRC
Joel Rahn - EVP
Gavin Mohr - CFO
Who are the major shareholders of Independent Bank (Michigan)?

Here are the top five shareholders of Independent Bank (Michigan) based on the size of their shareholding:

BlackRock Institutional Trust Company, N.A. Investment Advisor
Percentage owned: 8.41% (1.84m shares)
FJ Capital Management, LLC Investment Advisor
Percentage owned: 6.37% (1.39m shares)
The Vanguard Group, Inc. Investment Advisor/Hedge Fund
Percentage owned: 5.22% (1.14m shares)
Norges Bank Investment Management (NBIM) Sovereign Wealth Fund
Percentage owned: 4.96% (1.09m shares)
Statens Pensjonsfond Utland Mutual Fund
Percentage owned: 4.96% (1.09m shares)
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