Independent Bank Corporation

24.52-0.5900-2.35%Vol 102.38K1Y Perf 22.55%
Jan 20th, 2022 16:00 DELAYED
BID24.52 ASK24.55
Open25.00 Previous Close25.11
Pre-Market- After-Market-
 - -%  - -
Target Price
24.33 
Analyst Rating
Moderate Buy 2.50
Potential %
-0.77 
Finscreener Ranking
★★★+     50.64
Insiders Trans % 3/6/12 mo.
-/-90/-82 
Value Ranking
★★★★+     59.19
Insiders Value % 3/6/12 mo.
-/-39/-62 
Growth Ranking
★★★     53.21
Insiders Shares Cnt. % 3/6/12 mo.
-/-40/-60 
Income Ranking
★★★★★     59.41
Price Range Ratio 52W %
81.44 
Earnings Rating
Strong Buy
Market Cap521.71M 
Earnings Date
27th Jan 2022
Alpha-0.01 Standard Deviation0.08
Beta1.07 

Today's Price Range

24.5225.40

52W Range

18.2925.94

5 Year PE Ratio Range

4.6028.50

Summary:

Neutral

Technical Indicators: Neutral
Moving Averages: Buy
Performance
1 Week
-5.07%
1 Month
6.01%
3 Months
11.25%
6 Months
19.20%
1 Year
22.55%
3 Years
7.54%
5 Years
17.60%
10 Years
1 526.21%

TickerPriceChg.Chg.%
IBCP24.52-0.5900-2.35
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WFC55.00-0.5700-1.03
JNJ165.25-1.3300-0.80
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GE98.25-2.3700-2.36
JPM147.66-1.2700-0.85
Earnings HistoryEstimateReportedSurprise %
Q03 20210.620.7317.74
Q02 20210.700.56-20.00
Q01 20210.571.0075.44
Q04 20200.620.7724.19
Q03 20200.480.8985.42
Q02 20200.220.67204.55
Q01 20200.350.21-40.00
Q04 20190.570.617.02
Earnings Per EndEstimateRevision %Trend
12/2021 QR0.641.59Positive
12/2021 FY2.946.52Positive
3/2022 QR0.4911.36Positive
12/2022 FY2.123.41Positive
Next Report Date27th Jan 2022
Estimated EPS Next Report0.64
Estimates Count4
EPS Growth Next 5 Years %-
Volume Overview
Volume102.38K
Shares Outstanding21.28M
Shares Float18.00M
Trades Count1.56K
Dollar Volume2.80M
Avg. Volume86.88K
Avg. Weekly Volume76.24K
Avg. Monthly Volume82.50K
Avg. Quarterly Volume91.51K

Independent Bank Corporation (NASDAQ: IBCP) stock closed at 24.52 per share at the end of the most recent trading day (a -2.35% change compared to the prior day closing price) with a volume of 102.38K shares and market capitalization of 521.71M. Is a component of indices and it is traded on NASDAQ exchange. The company belongs in the Banks industry, Financial Services sector and employs 994 people. Independent Bank Corporation CEO is William B. Kessel.

The one-year performance of Independent Bank Corporation stock is 22.55%, while year-to-date (YTD) performance is 2.72%. IBCP stock has a five-year performance of 17.6%. Its 52-week range is between 18.29 and 25.94, which gives IBCP stock a 52-week price range ratio of 81.44%

Independent Bank Corporation currently has a PE ratio of 8.40, a price-to-book (PB) ratio of 1.37, a price-to-sale (PS) ratio of 3.50, a price to cashflow ratio of 7.50, a PEG ratio of 2.32, a ROA of 1.54%, a ROC of -% and a ROE of 17.54%. The company’s profit margin is 32.09%, its EBITDA margin is -%, and its revenue ttm is $157.02 Million , which makes it $7.38 revenue per share.

Of the last four earnings reports from Independent Bank Corporation, there were 3 positive earnings surprise and 1 negative earnings surprise. The company has EPS estimate of $0.64 for the next earnings report. Independent Bank Corporation’s next earnings report date is 27th Jan 2022.

The consensus rating of Wall Street analysts for Independent Bank Corporation is Moderate Buy (2.5), with a target price of $24.33, which is -0.77% compared to the current price. The earnings rating for Independent Bank Corporation stock is Strong Buy (calculated from actual period earnings estimates revision (80% weight) and previous period earnings surprise (20% weight)).

Independent Bank Corporation has a dividend yield of 3.25% with a dividend per share of $0.84 and a payout ratio of 24.00%.

Independent Bank Corporation has a Neutral technical analysis rating based on Technical Indicators (ADX : 14.81, ATR14 : 0.56, CCI20 : 23.25, Chaikin Money Flow : -0.08, MACD : 0.54, Money Flow Index : 64.18, ROC : 1.28, RSI : 52.07, STOCH (14,3) : 37.17, STOCH RSI : 0.00, UO : 44.21, Williams %R : -62.83), Simple Moving Averages and Exponential Moving Averages.

Aggregated Insider Trades of Independent Bank Corporation in the last 12-months were: Dennis J. Mack (Option Excercise at a value of $0), Dennis W. Archer (Buy at a value of $42 069), James J. Twarozynski (Option Excercise at a value of $2 700), James J. Twarozynski (Sold 1 000 shares of value $22 796 ), Larry R. Daniel (Option Excercise at a value of $0), Michael M. Magee (Sold 8 800 shares of value $202 028 ), Patrick J. Ervin (Option Excercise at a value of $0), Ronia Kruse (Buy at a value of $22 600), Stefanie M. Kimball (Option Excercise at a value of $0), Stefanie M. Kimball (Sold 2 310 shares of value $47 401 ), William B. Kessel (Option Excercise at a value of $0)

Analyst RatingsCurrent1 M ago3 M ago
Strong Buy
1 (25.00 %)
1 (25.00 %)
1 (25.00 %)
Moderate Buy
0 (0.00 %)
0 (0.00 %)
0 (0.00 %)
Hold
3 (75.00 %)
3 (75.00 %)
3 (75.00 %)
Moderate Sell
0 (0.00 %)
0 (0.00 %)
0 (0.00 %)
Strong Sell
0 (0.00 %)
0 (0.00 %)
0 (0.00 %)
Summary RatingModerate Buy
2.50
Moderate Buy
2.50
Moderate Buy
2.50

Independent Bank Corporation

Independent Bank Corp (Ionia MI) operates as a commercial bank. 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. It also provides internet and mobile banking capabilities to its customers.

CEO: William B. Kessel

Telephone: +1 616 527-5820

Address: 4200 East Beltline, Grand Rapids 49525, MI, US

Number of employees: 994

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