Independent Bank Corporation (IBCP)
Stock Price:
$15.29 USD
0.09 (0.59%)
Updated Aug 14, 2020 4:00 PM EDT - Market closed
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
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|
| Revenue | 169 | 157 | 131 | 123 | 118 | 115 | 127 | 143 | 114 | 137 |
| Revenue Growth | 8.24% | 19.98% | 5.9% | 4.6% | 2.31% | -9.16% | -11.3% | 25.89% | -16.95% | - |
| Gross Profit | 169 | 157 | 131 | 123 | 118 | 115 | 127 | 143 | 114 | 137 |
| Operating Income | 57.67 | 48.46 | 37.83 | 33.22 | 29.38 | 25.22 | 22.66 | 26.20 | -20.41 | -18.30 |
| Net Income | 46.44 | 39.84 | 20.48 | 22.77 | 20.02 | 18.02 | 77.51 | 26.20 | -20.20 | -16.71 |
| Shares Outstanding | 22.48 | 24.11 | 21.33 | 21.25 | 22.30 | 22.95 | 22.81 | 8.91 | 8.48 | 7.52 |
| Earnings Per Share | 2.00 | 1.68 | 0.95 | 1.05 | 0.86 | 0.77 | 3.55 | 0.80 | -2.94 | -4.09 |
| EPS Growth | 19.05% | 76.84% | -9.52% | 22.09% | 11.69% | -78.31% | 343.75% | - | - | - |
| Dividend Per Share | 0.72 | 0.60 | 0.42 | 0.34 | 0.26 | 0.18 | - | - | - | - |
| Dividend Growth | 20% | 42.86% | 23.53% | 30.77% | 44.44% | - | - | - | - | - |
| Operating Cash Flow | 33.98 | 44.92 | 38.61 | 23.70 | 22.86 | 13.07 | 52.07 | 29.39 | 35.41 | -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 Flow | 29.12 | 41.17 | 34.39 | 20.66 | 19.06 | 9.08 | 43.75 | 26.06 | 32.85 | -7.09 |
| Cash & Equivalents | 65.30 | 70.24 | 54.74 | 83.19 | 85.78 | 74.02 | 119 | 180 | 341 | 385 |
| Total Debt | 128 | 65.09 | 90.17 | 45.00 | 47.52 | 48.04 | 57.91 | 67.80 | 83.56 | 121 |
| Net Cash / Debt | -62.80 | 5.16 | -35.43 | 38.19 | 38.26 | 25.98 | 61.17 | 112 | 258 | 264 |
| Assets | 3,565 | 3,353 | 2,789 | 2,549 | 2,409 | 2,249 | 2,210 | 2,024 | 2,307 | 2,535 |
| Liabilities | 3,215 | 3,014 | 2,524 | 2,300 | 2,158 | 1,998 | 1,978 | 1,889 | 2,205 | 2,416 |
| Book Value | 350 | 339 | 265 | 249 | 251 | 250 | 232 | 135 | 103 | 119 |
Numbers in millions USD, except per-share numbers.
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.