Independent Bank Corp - Mich (IBCP)

$24.09

-0.02

(-0.08%)

Market is closed - opens 7 PM, 20 Jun 2024

Insights on Independent Bank Corp - Mich

  • Decreasing Revenue

    Revenue is down for the last 2 quarters, 79.11M → 77.44M (in $), with an average decrease of 2.1% per quarter

  • Increasing Net Profit

    Netprofit is up for the last 2 quarters, 13.74M → 15.99M (in $), with an average increase of 14.1% per quarter

  • Vs NU

    In the last 1 year, Nu Holdings Ltd. has given 56.9% return, outperforming this stock by 22.3%

Performance

  • $23.98
    $24.38
    $24.09
    downward going graph

    0.46%

    Downside

    Day's Volatility :1.64%

    Upside

    1.19%

    downward going graph
  • $15.13
    $26.69
    $24.09
    downward going graph

    37.19%

    Downside

    52 Weeks Volatility :43.31%

    Upside

    9.74%

    downward going graph

Returns

PeriodIndependent Bank Corp - MichSector (Financials)Index (Russel 2000)
3 Months
2.51%
0.3%
0.0%
6 Months
-2.27%
10.0%
0.0%
1 Year
37.3%
22.1%
0.0%
3 Years
14.27%
16.4%
-20.9%

Highlights

Market Capitalization
493.7M
Book Value
$19.88
Dividend Share
0.93
Dividend Yield
4.06%
Earnings Per Share (EPS)
2.94
PE Ratio
8.03
PEG Ratio
2.33
Wall Street Target Price
27.0
Profit Margin
30.13%
Operating Margin TTM
39.61%
Return On Assets TTM
1.2%
Return On Equity TTM
15.85%
Revenue TTM
206.0M
Revenue Per Share TTM
9.85
Quarterly Revenue Growth YOY
11.1%
Gross Profit TTM
206.1M
Diluted Eps TTM
2.94
Quarterly Earnings Growth YOY
0.25
EPS Estimate Current Year
2.96
EPS Estimate Next Year
2.94
EPS Estimate Current Quarter
0.64
EPS Estimate Next Quarter
0.69

Analyst Recommendation

Hold
    0
    0%Buy
    66%Hold
    33%Sell
Based on 9 Wall street analysts offering stock ratings for Independent Bank Corp - Mich(by analysts ranked 0 to 5 stars)
Based on 9 analyst
  • Current
  • 1M Ago
  • 3M Ago
Buy
00
00
00
Hold
6
6
6
Sell
3
3
3

Analyst Forecast

What analysts predicted

Upside of 12.08%

Current $24.09
Target $27.00

Company Financials

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
164.1M
↑ 7.27%
Net Income
46.4M
↑ 16.56%
Net Profit Margin
28.3%
↑ 2.26%
FY20Y/Y Change
Revenue
197.5M
↑ 20.37%
Net Income
56.2M
↑ 20.93%
Net Profit Margin
28.43%
↑ 0.13%
FY21Y/Y Change
Revenue
199.0M
↑ 0.77%
Net Income
62.9M
↑ 12.01%
Net Profit Margin
31.6%
↑ 3.17%
FY22Y/Y Change
Revenue
204.6M
↑ 2.78%
Net Income
63.4M
↑ 0.73%
Net Profit Margin
30.97%
↓ 0.63%
FY23Y/Y Change
Revenue
289.7M
↑ 41.61%
Net Income
59.1M
↓ 6.76%
Net Profit Margin
20.39%
↓ 10.58%
Q4 FY22Q/Q Change
Revenue
50.3M
↑ 279616.67%
Net Income
15.1M
↓ 12.78%
Net Profit Margin
29.96%
↓ 96064.48%
Q1 FY23Q/Q Change
Revenue
47.4M
↓ 5.93%
Net Income
13.0M
↓ 13.89%
Net Profit Margin
27.43%
↓ 2.53%
Q2 FY23Q/Q Change
Revenue
52.1M
↑ 9.98%
Net Income
14.8M
↑ 13.85%
Net Profit Margin
28.39%
↑ 0.96%
Q3 FY23Q/Q Change
Revenue
53.4M
↑ 2.51%
Net Income
17.5M
↑ 18.61%
Net Profit Margin
32.85%
↑ 4.46%
Q4 FY23Q/Q Change
Revenue
79.1M
↑ 48.16%
Net Income
13.7M
↓ 21.66%
Net Profit Margin
17.37%
↓ 15.48%
Q1 FY24Q/Q Change
Revenue
77.4M
↓ 2.12%
Net Income
16.0M
↑ 16.36%
Net Profit Margin
20.65%
↑ 3.28%
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
108.8M
↓ 96.61%
FY21Y/Y Change
Total Assets
4.7B
↑ 11.91%
Total Liabilities
109.0M
↑ 0.13%
FY22Y/Y Change
Total Assets
5.0B
↑ 6.27%
Total Liabilities
4.7B
↑ 4169.71%
FY23Y/Y Change
Total Assets
5.3B
↑ 5.54%
Total Liabilities
4.9B
↑ 4.73%
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
129.2M
↓ 97.22%
Q2 FY23Q/Q Change
Total Assets
5.1B
↓ 0.07%
Total Liabilities
169.2M
↑ 30.99%
Q3 FY23Q/Q Change
Total Assets
5.2B
↑ 1.26%
Total Liabilities
129.2M
↓ 23.62%
Q4 FY23Q/Q Change
Total Assets
5.3B
↑ 1.47%
Total Liabilities
4.9B
↑ 3670.54%
Q1 FY24Q/Q Change
Total Assets
5.2B
↓ 0.86%
Total Liabilities
4.8B
↓ 1.16%
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 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%
Q2 FY23Q/Q Change
Operating Cash Flow
9.8M
↓ 58.45%
Investing Cash Flow
-82.4M
↓ 1823.2%
Financing Cash Flow
-25.2M
↓ 120.31%

Technicals Summary

Sell

Neutral

Buy

Independent Bank Corp - Mich is currently in a neutral trading position according to technical analysis indicators.

Peers

Company Name1 Month6 Month1 Year3 Years5 Years
Independent Bank Corp - Mich
Independent Bank Corp - Mich
-8.67%
-2.27%
37.3%
14.27%
9.79%
Nu Holdings Ltd.
Nu Holdings Ltd.
1.37%
42.02%
54.04%
14.52%
14.52%
Icici Bank Ltd.
Icici Bank Ltd.
-2.7%
7.38%
16.49%
56.29%
120.32%
Pnc Financial Services Group, Inc.
Pnc Financial Services Group, Inc.
-2.77%
0.9%
20.81%
-14.33%
13.65%
U.s. Bancorp
U.s. Bancorp
-4.4%
-11.26%
16.41%
-28.59%
-25.1%
Itaú Unibanco Holding S.a.
Itaú Unibanco Holding S.a.
-8.77%
-11.76%
-0.84%
-6.61%
-33.89%
Company NameP/E RatioP/B RatioPEG RatioEPSROEROADiv YieldBVPS
Independent Bank Corp - Mich
Independent Bank Corp - Mich
8.03
8.03
2.33
2.96
0.16
0.01
0.04
19.88
Nu Holdings Ltd.
Nu Holdings Ltd.
45.23
45.23
NA
0.42
0.21
0.03
NA
1.42
Icici Bank Ltd.
Icici Bank Ltd.
17.74
17.74
0.0
1.36
0.19
0.02
0.01
364.7
Pnc Financial Services Group, Inc.
Pnc Financial Services Group, Inc.
12.69
12.69
3.46
12.64
0.11
0.01
0.04
113.3
U.s. Bancorp
U.s. Bancorp
12.9
12.9
1.14
3.84
0.09
0.01
0.05
31.25
Itaú Unibanco Holding S.a.
Itaú Unibanco Holding S.a.
9.35
9.35
0.86
0.81
0.19
0.01
0.03
18.93
Company NameAnalyst ViewMarket Cap5 Years Return %PE RatioProfit Margin
Independent Bank Corp - Mich
Independent Bank Corp - Mich
Hold
$493.7M
9.79%
8.03
30.13%
Nu Holdings Ltd.
Nu Holdings Ltd.
Buy
$56.2B
14.52%
45.23
29.67%
Icici Bank Ltd.
Icici Bank Ltd.
Buy
$93.1B
120.32%
17.74
27.97%
Pnc Financial Services Group, Inc.
Pnc Financial Services Group, Inc.
Buy
$60.1B
13.65%
12.69
25.68%
U.s. Bancorp
U.s. Bancorp
Hold
$60.6B
-25.1%
12.9
20.08%
Itaú Unibanco Holding S.a.
Itaú Unibanco Holding S.a.
Buy
$56.8B
-33.89%
9.35
27.36%

Institutional Holdings

  • BlackRock Inc

    13.48%
  • FJ Capital Management LLC

    7.36%
  • Vanguard Group Inc

    5.17%
  • Dimensional Fund Advisors, Inc.

    4.67%
  • FMR Inc

    4.37%
  • State Street Corporation

    3.04%

Company Information

independent bank is a michigan-based bank that's been operated locally for more than 150 years. in 1864 we were founded as first national bank of ionia; we now have locations across the lower peninsula and we’re the fifth largest bank headquartered in michigan. but in one way we’ve never changed – people are always our first priority. we’re committed to providing exceptional service and value to our customers, our stockholders, and our communities. after 150 years of local banking, we understand the needs of individuals, families, and businesses around the state – and we’re committed to addressing them. we support local causes and our employees serve their communities’ human services agencies, arts and cultural organizations, school systems, places of worship, and more. we’re your friends and neighbors, locally invested the same way you are. we’re a full-service bank that provides a wide range of competitive banking products, services, and technology. visit us at independentbank.com fo

Organization
Independent Bank Corp - Mich
Employees
741
CEO
Mr. William Bradford Kessel CPA
Industry
Finance

FAQs