Independent Bank Statistics
Total Valuation
IBCP has a market cap or net worth of $509.26 million. The enterprise value is $468.74 million.
| Market Cap | 509.26M |
| Enterprise Value | 468.74M |
Important Dates
The next confirmed earnings date is Thursday, April 25, 2024, before market open.
| Earnings Date | Apr 25, 2024 |
| Ex-Dividend Date | Feb 2, 2024 |
Share Statistics
IBCP has 20.91 million shares outstanding. The number of shares has decreased by -1.07% in one year.
| Shares Outstanding | 20.91M |
| Shares Change (YoY) | -1.07% |
| Shares Change (QoQ) | -0.50% |
| Owned by Insiders (%) | 4.58% |
| Owned by Institutions (%) | 81.31% |
| Float | 19.09M |
Valuation Ratios
The trailing PE ratio is 8.73 and the forward PE ratio is 8.41. IBCP's PEG ratio is 2.33.
| PE Ratio | 8.73 |
| Forward PE | 8.41 |
| PS Ratio | 2.54 |
| Forward PS | 3.00 |
| PB Ratio | 1.26 |
| P/FCF Ratio | 7.15 |
| PEG Ratio | 2.33 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 5.60, with an EV/FCF ratio of 6.58.
| EV / Earnings | 7.94 |
| EV / Sales | 2.33 |
| EV / EBITDA | 5.60 |
| EV / EBIT | 6.36 |
| EV / FCF | 6.58 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | 0.32 |
| Debt / EBITDA | 1.54 |
| Debt / FCF | 1.82 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 15.50% and return on invested capital (ROIC) is 11.07%.
| Return on Equity (ROE) | 15.50% |
| Return on Assets (ROA) | 1.10% |
| Return on Capital (ROIC) | 11.07% |
| Revenue Per Employee | $270,978 |
| Profits Per Employee | $79,713 |
| Employee Count | 741 |
| Asset Turnover | 0.04 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, IBCP has paid $14.61 million in taxes.
| Income Tax | 14.61M |
| Effective Tax Rate | 19.83% |
Stock Price Statistics
The stock price has increased by +40.73% in the last 52 weeks. The beta is 0.98, so IBCP's price volatility has been similar to the market average.
| Beta (1Y) | 0.98 |
| 52-Week Price Change | +40.73% |
| 50-Day Moving Average | 24.25 |
| 200-Day Moving Average | 21.93 |
| Relative Strength Index (RSI) | 53.86 |
| Average Volume (30 Days) | 77,985 |
Short Selling Information
The latest short interest is 230,547, so 1.10% of the outstanding shares have been sold short.
| Short Interest | 230,547 |
| Short Previous Month | 283,304 |
| Short % of Shares Out | 1.10% |
| Short % of Float | 1.21% |
| Short Ratio (days to cover) | 3.48 |
Income Statement
In the last 12 months, IBCP had revenue of $200.80 million and earned $59.07 million in profits. Earnings per share was $2.79.
| Revenue | 200.80M |
| Gross Profit | 200.80M |
| Operating Income | 73.68M |
| Pretax Income | 73.68M |
| Net Income | 59.07M |
| EBITDA | 83.70M |
| EBIT | 73.68M |
| Earnings Per Share (EPS) | $2.79 |
Balance Sheet
The company has $169.78 million in cash and $129.26 million in debt, giving a net cash position of $40.52 million or $1.94 per share.
| Cash & Cash Equivalents | 169.78M |
| Total Debt | 129.26M |
| Net Cash | 40.52M |
| Net Cash Per Share | $1.94 |
| Equity / Book Value | 404.45M |
| Book Value Per Share | 19.35 |
| Working Capital | n/a |
Cash Flow
In the last 12 months, operating cash flow was $75.59 million and capital expenditures -$4.38 million, giving a free cash flow of $71.21 million.
| Operating Cash Flow | 75.59M |
| Capital Expenditures | -4.38M |
| Free Cash Flow | 71.21M |
| FCF Per Share | $3.42 |
Margins
Gross margin is 100.00%, with operating and profit margins of 36.69% and 29.42%.
| Gross Margin | 100.00% |
| Operating Margin | 36.69% |
| Pretax Margin | 36.69% |
| Profit Margin | 29.42% |
| EBITDA Margin | 41.68% |
| EBIT Margin | 36.69% |
| FCF Margin | 35.47% |
Dividends & Yields
This stock pays an annual dividend of $0.96, which amounts to a dividend yield of 3.94%.
| Dividend Per Share | $0.96 |
| Dividend Yield | 3.94% |
| Dividend Growth (YoY) | 4.49% |
| Years of Dividend Growth | 9 |
| Payout Ratio | 34.41% |
| Buyback Yield | 1.07% |
| Shareholder Yield | 5.01% |
| Earnings Yield | 11.60% |
| FCF Yield | 13.98% |
Analyst Forecast
The average price target for IBCP is $21.00, which is -13.79% lower than the current price. The consensus rating is "Hold".
| Price Target | $21.00 |
| Price Target Difference | -13.79% |
| Analyst Consensus | Hold |
| Analyst Count | 1 |
| 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 |