Market research
IBCP Independent Bank Corporation
NASDAQ USD Financial Services
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- Market cap
- 765M
- P/E ratio
- 10.76
- Analyst target
- 40.4
- Dividend yield
- 2.9%
- Beta
- 0.7
Profile
Company facts
- Exchange
- NASDAQ
- Currency
- USD
- Sector
- Financial Services
- Industry
- Banks - Regional
- ISIN
- US4538386099
- Market cap
- 765M
- P/E ratio
- 10.76
- Analyst target
- 40.4
- Dividend yield
- 2.9%
- Beta
- 0.7
About
About Independent Bank Corporation
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts. It also provides consumer loans that consists of real estate loans comprising residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans; and investment and financial services. In addition, the company offers cash management; investment management and trust services; additional services, such as estate settlement, financial planning, tax services, and other special services; sale of mutual fund shares, unit investment trust shares, third party model portfolios, general securities, and fixed and variable annuities, as well as life insurance products; debit and credit card; safe deposit box services; automatic teller machines; and internet and mobile banking services. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
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Investor discussion
1 comment
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5 years, 4 months ago
Independent Bank Corporation is currently in a long term uptrend where the price is trading 0.4% above its 200 day moving average.
From a valuation standpoint, the stock is 70.2% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 2.7.
Independent Bank Corporation's total revenue rose by 16.3% to $52M since the same quarter in the previous year.
Its net income has increased by 22.4% to $17M since the same quarter in the previous year.
Finally, its free cash flow fell by 34.2% to $18M since the same quarter in the previous year.
Based on the above factors, Independent Bank Corporation gets an overall score of 4/5.