Independent Bank Corp. IBCP
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
Trading Information
- Previous Close Price
- $35.57
- Day Range
- $36.03–36.80
- 52-Week Range
- $29.83–39.24
- Bid/Ask
- $27.27 / $57.71
- Shares Outstanding
- 22.20M
- Market Cap
- $807.39M
- Volume/Avg
- 232,915 / 195,211
Key Statistics
- Price/Earnings (Normalized)
- 10.34
- Price/Sales
- 3.22
- Dividend Yield (Trailing)
- 3.02%
- Dividend Yield (Forward)
- 3.08%
- Dividend Payment Schedule
- Feb, May, Aug, Nov
- Total Yield
- 3.65%
Company Profile
Independent Bank Corp. 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. The firm's principal markets are the rural and suburban communities across Lower Michigan. The firm generates the majority of its revenue from Interest and fees on loans.
- Sector
- Financial Services
- Industry
- Banks - Regional
- Stock Style Box
- Small Value
- Total Number of Employees
- 826
- Website
- https://www.independentbank.com
Valuation
|
Metric
|
IBCP
|
|---|---|
Price/Earnings (Normalized) | 10.34 |
Price/Book Value | 1.39 |
Price/Sales | 3.22 |
Price/Cash Flow | 8.56 |
Price/Earnings
IBCP
Financial Strength
|
Metric
|
IBCP
|
|---|---|
Quick Ratio | — |
Current Ratio | — |
Interest Coverage | — |
Quick Ratio
No chart available
Profitability
|
Metric
|
IBCP
|
|---|---|
Return on Assets (Normalized) | 1.38% |
Return on Equity (Normalized) | 15.22% |
Return on Invested Capital (Normalized) | — |
Return on Assets
IBCP
Banks - Regional Industry Comparables
|
1-Day Chart
|
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United States