Independent Bank Statistics
Total Valuation
IBCP has a market cap or net worth of $553.08 million. The enterprise value is $520.48 million.
Market Cap | 553.08M |
Enterprise Value | 520.48M |
Important Dates
The next confirmed earnings date is Thursday, July 25, 2024, before market open.
Earnings Date | Jul 25, 2024 |
Ex-Dividend Date | May 2, 2024 |
Share Statistics
IBCP has 20.90 million shares outstanding. The number of shares has decreased by -1.06% in one year.
Shares Outstanding | 20.90M |
Shares Change (YoY) | -1.06% |
Shares Change (QoQ) | +0.31% |
Owned by Insiders (%) | 4.57% |
Owned by Institutions (%) | 81.47% |
Float | 18.85M |
Valuation Ratios
The trailing PE ratio is 9.00 and the forward PE ratio is 9.01. IBCP's PEG ratio is 2.33.
PE Ratio | 9.00 |
Forward PE | 9.01 |
PS Ratio | 2.69 |
Forward PS | 3.22 |
PB Ratio | 1.33 |
P/FCF Ratio | 7.97 |
PEG Ratio | 2.33 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 5.93, with an EV/FCF ratio of 7.50.
EV / Earnings | 8.39 |
EV / Sales | 2.53 |
EV / EBITDA | 5.93 |
EV / EBIT | 6.71 |
EV / FCF | 7.50 |
Financial Position
Current Ratio | n/a |
Quick Ratio | n/a |
Debt / Equity | 0.31 |
Debt / EBITDA | 1.47 |
Debt / FCF | 1.86 |
Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 15.80% and return on invested capital (ROIC) is 11.39%.
Return on Equity (ROE) | 15.80% |
Return on Assets (ROA) | 1.20% |
Return on Capital (ROIC) | 11.39% |
Revenue Per Employee | $277,972 |
Profits Per Employee | $83,761 |
Employee Count | 741 |
Asset Turnover | 0.04 |
Inventory Turnover | n/a |
Taxes
In the past 12 months, IBCP has paid $15.56 million in taxes.
Income Tax | 15.56M |
Effective Tax Rate | 20.04% |
Stock Price Statistics
The stock price has increased by +51.89% in the last 52 weeks. The beta is 0.99, so IBCP's price volatility has been similar to the market average.
Beta (5Y) | 0.99 |
52-Week Price Change | +51.89% |
50-Day Moving Average | 25.09 |
200-Day Moving Average | 23.37 |
Relative Strength Index (RSI) | 64.18 |
Average Volume (20 Days) | 120,103 |
Short Selling Information
The latest short interest is 178,334, so 0.85% of the outstanding shares have been sold short.
Short Interest | 178,334 |
Short Previous Month | 199,380 |
Short % of Shares Out | 0.85% |
Short % of Float | 0.95% |
Short Ratio (days to cover) | 2.53 |
Income Statement
In the last 12 months, IBCP had revenue of $205.98 million and earned $62.07 million in profits. Earnings per share was $2.94.
Revenue | 205.98M |
Gross Profit | 205.98M |
Operating Income | 77.62M |
Pretax Income | 77.62M |
Net Income | 62.07M |
EBITDA | 87.73M |
EBIT | 77.62M |
Earnings Per Share (EPS) | $2.94 |
Balance Sheet
The company has $161.84 million in cash and $129.25 million in debt, giving a net cash position of $32.59 million or $1.56 per share.
Cash & Cash Equivalents | 161.84M |
Total Debt | 129.25M |
Net Cash | 32.59M |
Net Cash Per Share | $1.56 |
Equity (Book Value) | 415.57M |
Book Value Per Share | 19.88 |
Working Capital | n/a |
Cash Flow
In the last 12 months, operating cash flow was $72.86 million and capital expenditures -$3.43 million, giving a free cash flow of $69.44 million.
Operating Cash Flow | 72.86M |
Capital Expenditures | -3.43M |
Free Cash Flow | 69.44M |
FCF Per Share | $3.32 |
Margins
Gross margin is 100.00%, with operating and profit margins of 37.68% and 30.13%.
Gross Margin | 100.00% |
Operating Margin | 37.68% |
Pretax Margin | 37.68% |
Profit Margin | 30.13% |
EBITDA Margin | 42.59% |
EBIT Margin | 37.68% |
FCF Margin | 33.71% |
Dividends & Yields
This stock pays an annual dividend of $0.96, which amounts to a dividend yield of 3.63%.
Dividend Per Share | $0.96 |
Dividend Yield | 3.63% |
Dividend Growth (YoY) | 4.44% |
Years of Dividend Growth | 9 |
Payout Ratio | 32.65% |
Buyback Yield | 1.06% |
Shareholder Yield | 4.69% |
Earnings Yield | 11.22% |
FCF Yield | 12.55% |
Analyst Forecast
The average price target for IBCP is $24.50, which is -7.41% lower than the current price. The consensus rating is "Hold".
Price Target | $24.50 |
Price Target Difference | -7.41% |
Analyst Consensus | Hold |
Analyst Count | 2 |
Revenue Growth Forecast (5Y) | n/a |
EPS Growth Forecast (5Y) | n/a |
Stock Splits
The last stock split was on September 1, 2010. It was a reverse split with a ratio of 1:10.
Last Split Date | Sep 1, 2010 |
Split Type | Reverse |
Split Ratio | 1:10 |
Scores
Altman Z-Score | n/a |
Piotroski F-Score | 5 |