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INDEPENDENT BANK CORP - MICH

INDEPENDENT BANK CORP - MICH (IBCP)

$17.67

+1.03

(+6.19%)▲

Market is closed - opens 7 PM, 05 Jun 2023

Insights on INDEPENDENT BANK CORP - MICH

  • Decreasing Revenue

    Revenue is down for the last 3 quarters, 55.05M → 47.36M (in $), with an average decrease of 7.2% per quarter

  • Decreasing Net Profit

    Netprofit is down for the last 3 quarters, 17.29M → 12.99M (in $), with an average decrease of 13.3% per quarter

  • Vs DB

    In the last 1 year, Independent Bank Corporation Ionia, MI has experienced a drawdown of -8.8%, however Deutsche Bank AG - Registered Shares resisted the overall trend and outperformed by 5.8%

Performance

  • $16.85
    $17.70
    $17.67
    downward going graph

    4.64%

    Downside

    Day's Volatility :4.8%

    Upside

    0.17%

    downward going graph
  • $14.90
    $24.03
    $17.67
    downward going graph

    15.68%

    Downside

    52 Weeks Volatility :37.99%

    Upside

    26.47%

    downward going graph

Returns

PeriodINDEPENDENT BANK CORP - MICHSector (Financials)Index (Russel 2000)
3 Months
-18.72%
-8.9%
-8.3%
6 Months
-26.95%
-8.7%
-6.5%
1 Year
-10.03%
-5.9%
-6.1%
3 Years
16.1%
29.6%
21.8%

Highlights

Market Capitalization
351.8M
Book Value
$17.4
Dividend Share
0.89
Dividend Yield
5.53%
Earnings Per Share (EPS)
2.74
PE Ratio
6.07
PEG Ratio
2.33
Wall Street Target Price
20.3
Profit Margin
29.27%
Operating Margin TTM
37.1%
Return On Assets TTM
1.18%
Return On Equity TTM
16.14%
Revenue TTM
199.4M
Revenue Per Share TTM
9.46
Quarterly Revenue Growth YOY
-12.5%
Gross Profit TTM
206.1M
Diluted Eps TTM
2.74
Quarterly Earnings Growth YOY
-0.27
EPS Estimate Current Year
2.43
EPS Estimate Next Year
2.5
EPS Estimate Current Quarter
0.6
EPS Estimate Next Quarter
0.59

Analyst Recommendation

Buy
    54%Buy
    45%Hold
    0
    0%Sell
Based on 11 Wall street analysts offering stock ratings for INDEPENDENT BANK CORP - MICH(by analysts ranked 0 to 5 stars)
Based on 11 analyst
  • Current
  • 1M Ago
  • 3M Ago
Buy
6
6
6
Hold
5
5
5
Sell
00
00
00

Analyst Forecast

What analysts predicted

Upside of 14.88%

Current $17.67
Target $20.30

Company Financials

FY17Y/Y Change
Revenue
128.4M
↑ 9.49%
Net Income
20.5M
↓ 10.06%
Net Profit Margin
15.95%
↓ 3.46%
FY18Y/Y Change
Revenue
153.0M
↑ 19.13%
Net Income
39.8M
↑ 94.57%
Net Profit Margin
26.04%
↑ 10.09%
FY19Y/Y Change
Revenue
164.5M
↑ 7.54%
Net Income
46.4M
↑ 16.56%
Net Profit Margin
28.23%
↑ 2.19%
FY20Y/Y Change
Revenue
197.9M
↑ 20.31%
Net Income
56.2M
↑ 20.93%
Net Profit Margin
28.37%
↑ 0.14%
FY21Y/Y Change
Revenue
199.0M
↑ 0.56%
Net Income
62.9M
↑ 12.01%
Net Profit Margin
31.6%
↑ 3.23%
FY22Y/Y Change
Revenue
204.6M
↑ 2.78%
Net Income
63.4M
↑ 0.73%
Net Profit Margin
30.97%
↓ 0.63%
Q4 FY21Q/Q Change
Revenue
48.2M
↓ 6.55%
Net Income
12.5M
↓ 21.64%
Net Profit Margin
25.96%
↓ 5.0%
Q1 FY22Q/Q Change
Revenue
50.4M
↑ 4.67%
Net Income
18.0M
↑ 43.64%
Net Profit Margin
35.62%
↑ 9.66%
Q2 FY22Q/Q Change
Revenue
48.8M
↓ 3.27%
Net Income
13.0M
↓ 27.64%
Net Profit Margin
26.65%
↓ 8.97%
Q3 FY22Q/Q Change
Revenue
55.1M
↑ 12.86%
Net Income
17.3M
↑ 33.04%
Net Profit Margin
31.42%
↑ 4.77%
Q4 FY22Q/Q Change
Revenue
50.3M
↓ 8.55%
Net Income
15.1M
↓ 12.78%
Net Profit Margin
29.96%
↓ 1.46%
Q1 FY23Q/Q Change
Revenue
47.4M
↓ 5.93%
Net Income
13.0M
↓ 13.89%
Net Profit Margin
27.43%
↓ 2.53%
FY17Y/Y Change
Total Assets
2.8B
↑ 9.43%
Total Liabilities
2.5B
↑ 9.76%
FY18Y/Y Change
Total Assets
3.4B
↑ 20.22%
Total Liabilities
3.0B
↑ 19.41%
FY19Y/Y Change
Total Assets
3.6B
↑ 6.3%
Total Liabilities
3.2B
↑ 6.64%
FY20Y/Y Change
Total Assets
4.2B
↑ 17.93%
Total Liabilities
3.8B
↑ 18.66%
FY21Y/Y Change
Total Assets
4.7B
↑ 11.91%
Total Liabilities
4.3B
↑ 12.89%
FY22Y/Y Change
Total Assets
5.0B
↑ 6.27%
Total Liabilities
4.7B
↑ 8.03%
Q4 FY21Q/Q Change
Total Assets
4.7B
↑ 1.78%
Total Liabilities
4.3B
↑ 1.99%
Q1 FY22Q/Q Change
Total Assets
4.8B
↑ 1.22%
Total Liabilities
4.4B
↑ 2.33%
Q2 FY22Q/Q Change
Total Assets
4.8B
↑ 1.35%
Total Liabilities
4.5B
↑ 2.01%
Q3 FY22Q/Q Change
Total Assets
4.9B
↑ 2.18%
Total Liabilities
4.6B
↑ 2.31%
Q4 FY22Q/Q Change
Total Assets
5.0B
↑ 1.39%
Total Liabilities
4.7B
↑ 1.16%
Q1 FY23Q/Q Change
Total Assets
5.1B
↑ 2.78%
Total Liabilities
4.8B
↑ 2.56%
FY17Y/Y Change
Operating Cash Flow
38.6M
↑ 60.98%
Investing Cash Flow
-277.6M
↑ 99.9%
Financing Cash Flow
210.5M
↑ 87.49%
FY18Y/Y Change
Operating Cash Flow
44.9M
↑ 16.35%
Investing Cash Flow
-183.4M
↓ 33.94%
Financing Cash Flow
154.0M
↓ 26.87%
FY19Y/Y Change
Operating Cash Flow
34.0M
↓ 24.36%
Investing Cash Flow
-181.6M
↓ 0.94%
Financing Cash Flow
142.7M
↓ 7.29%
FY20Y/Y Change
Operating Cash Flow
58.2M
↑ 71.2%
Investing Cash Flow
-553.4M
↑ 204.66%
Financing Cash Flow
548.6M
↑ 284.4%
FY21Y/Y Change
Operating Cash Flow
110.2M
↑ 89.36%
Investing Cash Flow
-563.1M
↑ 1.75%
Financing Cash Flow
443.7M
↓ 19.13%
FY22Y/Y Change
Operating Cash Flow
94.6M
↓ 14.09%
Investing Cash Flow
-424.6M
↓ 24.59%
Financing Cash Flow
294.9M
↓ 33.54%
Q4 FY21Q/Q Change
Operating Cash Flow
54.2M
↓ 607.6%
Investing Cash Flow
-167.5M
↑ 134.32%
Financing Cash Flow
97.1M
↓ 29.93%
Q1 FY22Q/Q Change
Operating Cash Flow
38.6M
↓ 28.89%
Investing Cash Flow
-120.0M
↓ 28.32%
Financing Cash Flow
81.8M
↓ 15.72%
Q2 FY22Q/Q Change
Operating Cash Flow
22.6M
↓ 41.53%
Investing Cash Flow
-146.2M
↑ 21.8%
Financing Cash Flow
73.3M
↓ 10.39%
Q3 FY22Q/Q Change
Operating Cash Flow
34.2M
↑ 51.83%
Investing Cash Flow
-116.1M
↓ 20.56%
Financing Cash Flow
93.0M
↑ 26.92%
Q4 FY22Q/Q Change
Operating Cash Flow
-736.0K
↓ 102.15%
Investing Cash Flow
-42.2M
↓ 63.64%
Financing Cash Flow
46.7M
↓ 49.8%
Q1 FY23Q/Q Change
Operating Cash Flow
23.6M
↓ 3300.95%
Investing Cash Flow
4.8M
↓ 111.32%
Financing Cash Flow
124.3M
↑ 166.15%

Technicals Summary

Sell

Neutral

Buy

INDEPENDENT BANK CORP - MICH is currently in a favorable trading position ( BUY ) according to technical analysis indicators.

More on Technical Analysis

Peers

Company Name1 Month6 Month1 Year3 Years5 Years
INDEPENDENT BANK CORP - MICH
INDEPENDENT BANK CORP - MICH
12.76%
-26.95%
-10.03%
16.1%
-32.04%
PNC Financial Services Group, Inc.
PNC Financial Services Group, Inc.
8.75%
-19.29%
-28.6%
0.7%
-15.67%
U.S. Bancorp
U.S. Bancorp
9.52%
-27.72%
-39.25%
-20.79%
-37.65%
Truist Financial Corp
Truist Financial Corp
22.4%
-24.68%
-35.19%
-23.38%
-40.17%
Deutsche Bank AG
Deutsche Bank AG
3.11%
0.0%
-4.85%
11.7%
-5.44%
Company NameP/E RatioP/B RatioPEG RatioEPSROEROADiv YieldBVPS
INDEPENDENT BANK CORP - MICH
INDEPENDENT BANK CORP - MICH
6.07
6.07
2.33
2.43
0.16
0.01
0.06
17.4
PNC Financial Services Group, Inc.
PNC Financial Services Group, Inc.
8.2
8.2
0.41
13.88
0.13
0.01
0.05
104.78
U.S. Bancorp
U.S. Bancorp
8.16
8.16
0.84
4.64
0.11
0.01
0.06
30.13
Truist Financial Corp
Truist Financial Corp
6.9
6.9
0.88
4.38
0.1
0.01
0.07
41.82
Deutsche Bank AG
Deutsche Bank AG
3.57
3.57
0.12
2.06
7.42
0.0
0.03
35.17
Company NameAnalyst ViewMarket Cap5 Years Return %PE RatioProfit Margin
INDEPENDENT BANK CORP - MICH
INDEPENDENT BANK CORP - MICH
Buy
$351.8M
-32.04%
6.07
29.27%
PNC Financial Services Group, Inc.
PNC Financial Services Group, Inc.
Buy
$47.9B
-15.67%
8.2
29.89%
U.S. Bancorp
U.S. Bancorp
Buy
$46.8B
-37.65%
8.16
25.5%
Truist Financial Corp
Truist Financial Corp
Hold
$41.2B
-40.17%
6.9
28.34%
Deutsche Bank AG
Deutsche Bank AG
Buy
$20.8B
-5.44%
3.57
21.46%

Institutional Holdings

  • BlackRock Inc

    14.41%

  • FJ Capital Management LLC

    6.10%

  • Vanguard Group Inc

    4.91%

  • Dimensional Fund Advisors, Inc.

    4.26%

  • State Street Corporation

    3.23%

  • FMR Inc

    3.06%

Corporate Announcements

  • INDEPENDENT BANK CORP - MICH Dividends March,2023

    In the quarter ending March,2023. INDEPENDENT BANK CORP - MICH has declared dividend of $0.23

    Read More

Company Information

Independent Bank Corporation is a Michigan-based bank holding company with total assets of approximately $4.2 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation operates a branch network across Michigan's Lower Peninsula through one state-chartered bank subsidiary. This subsidiary (Independent Bank) provides a full range of financial services, including commercial banking, mortgage lending, investments and insurance. Independent Bank Corporation is committed to providing exceptional personal service and value to its customers, stockholders and the communities it serves.

Organization
INDEPENDENT BANK CORP - MICH
Employees
803
CEO
Mr. William Bradford Kessel CPA, CPA
Industry
Finance

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