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Independent Bank Corporation (IBCP)

Stock Price: $15.29 USD 0.09 (0.59%)
Updated Aug 14, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 334.56M
Revenue (ttm) 170.06M
Net Income (ttm) 45.91M
Shares Out 21.88M
EPS (ttm) 2.04
PE Ratio 7.50
Forward PE 8.74
Dividend $0.80
Dividend Yield 5.23%

Stock Quote

Trading Day Aug 14, 2020
Last Price $15.29
Previous Close $15.20
Change ($) 0.09
Change (%) 0.59%
Day's Open 15.21
Day's Range 15.01 - 15.52
Day's Volume 61,552
52-Week Range 9.19 - 23.93

More Stats

Market Cap 334.56M
Enterprise Value 407.51M
Earnings Date (est) Oct 22, 2020
Ex-Dividend Date Aug 3, 2020
Shares Outstanding 21.88M
Float 20.00M
EPS (basic) 2.06
EPS (diluted) 2.04
FCF / Share 2.70
Dividend $0.80
Dividend Yield 5.23%
Earnings Yield 13.34%
FCF Yield 17.64%
Payout Ratio n/a
Shares Short 448,639
Short Ratio 2.48
Short % of Float 1.42%
Beta 0.90
PE Ratio 7.50
Forward PE 8.74
P/FCF Ratio 5.67
PS Ratio 1.97
PB Ratio 0.96
Revenue 170.06M
Operating Income 56.76M
Net Income 45.91M
Free Cash Flow 59.02M
Net Cash -72.96M
Net Cash / Share -3.33
Gross Margin 99.67%
Operating Margin 33.37%
Profit Margin 27.00%
FCF Margin 34.71%
ROA 1.23%
ROE 13.38%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (5)

Buy 2
Overweight 0
Hold 3
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$17.00*
(11.18% upside)
Low
15.0
Current: $15.29
High
20.0
Target: 17.00
*Average 12-month price target from 4 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue169157131123118115127143114137
Revenue Growth8.24%19.98%5.9%4.6%2.31%-9.16%-11.3%25.89%-16.95%-
Gross Profit169157131123118115127143114137
Operating Income57.6748.4637.8333.2229.3825.2222.6626.20-20.41-18.30
Net Income46.4439.8420.4822.7720.0218.0277.5126.20-20.20-16.71
Shares Outstanding22.4824.1121.3321.2522.3022.9522.818.918.487.52
Earnings Per Share2.001.680.951.050.860.773.550.80-2.94-4.09
EPS Growth19.05%76.84%-9.52%22.09%11.69%-78.31%343.75%---
Dividend Per Share0.720.600.420.340.260.18----
Dividend Growth20%42.86%23.53%30.77%44.44%-----
Operating Cash Flow33.9844.9238.6123.7022.8613.0752.0729.3935.41-2.50
Capital Expenditures-4.86-3.76-4.22-3.04-3.80-3.99-8.32-3.34-2.56-4.59
Free Cash Flow29.1241.1734.3920.6619.069.0843.7526.0632.85-7.09
Cash & Equivalents65.3070.2454.7483.1985.7874.02119180341385
Total Debt12865.0990.1745.0047.5248.0457.9167.8083.56121
Net Cash / Debt-62.805.16-35.4338.1938.2625.9861.17112258264
Assets3,5653,3532,7892,5492,4092,2492,2102,0242,3072,535
Liabilities3,2153,0142,5242,3002,1581,9981,9781,8892,2052,416
Book Value350339265249251250232135103119
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Independent Bank Corporation
Country United States
Employees 848
CEO William Bradford Kessel

Stock Information

Ticker Symbol IBCP
Stock Exchange NASDAQ
Sector Financial Services
Industry Banks—Regional
Unique Identifier NASDAQ: IBCP

Description

Independent Bank Corporation operates as the holding company for Independent Bank that provides various banking services to individuals and businesses. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machines, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 66 branches, two drive-thru facility, and nine loan production offices in Michigan; and three loan production offices in Ohio. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.