Independent Bank Corporation (IBCP) Stock Forecast
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USD 38.40
(+28.71%)
Based on the Independent Bank Corporation stock forecast from 3 analysts, the average analyst target price for Independent Bank Corporation is USD 38.40 over the next 12 months. Independent Bank Corporation’s average analyst rating is Hold . Stock Target Advisor’s own stock analysis of Independent Bank Corporation is Neutral, which is based on 5 positive signals and 5 negative signals. At the last closing, Independent Bank Corporation’s stock price was USD 29.84. Independent Bank Corporation’s stock price has changed by -3.13% over the past week, -5.67% over the past month and +28.88% over the last year.
No recent analyst target price found for Independent Bank Corporation
No recent average analyst rating found for Independent Bank Corporation
Company Overview 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. Read Less
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 ...Read More
Frequently Asked Questions About Independent Bank Corporation (IBCP) Stock
Based on ratings from 3 analysts Independent Bank Corporation's stock is Hold . Stock Target Advisor's fundamental analysis is Neutral. The stock has buy, sell and 5 hold ratings.
IBCP stock's dividend yield is 3.70%.
Our analysis grades IBCP stock's dividend yield at F. This means that IBCP stock's dividend yield is above 53% of the stocks in the Banks - Regional sector in the NSD exchange.
Based on this IBCP may be a average dividend stock for its sector.
Based on targets from 3 analysts, the average taret price for IBCP is USD 38.40 over the next 12 months. The maximum analyst target price is USD 41 while the minimum anlayst target price is USD 36.
IBCP stock's Price/Earning ratio is 8.89.
Our analysis grades IBCP stock's Price / Earning ratio at B-. This means that IBCP stock's Price/Earning ratio is above 18% of the stocks in the Banks - Regional sector in the NSD exchange.
Based on this IBCP may be undervalued for its sector.
The last closing price of IBCP's stock was USD 29.84.
The most recent market capitalization for IBCP is USD 0.59B.
Based on targets from 3 analysts, the average taret price for IBCP is projected at USD 38.40 over the next 12 months.
This means that IBCP's stock price may go up by +28.71% over the next 12 months.
We can't find any ETFs which contains Independent Bank Corporation's stock.
As per our most recent records Independent Bank Corporation has 732 Employees.
Independent Bank Corporation's registered address is 4200 East Beltline, Grand Rapids, MI, United States, 49525.
You can get more information about it from Independent Bank Corporation's website at https://www.independentbank.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Underpriced compared to earnings
The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
High dividend returns
The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.
Superior return on equity
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
What not to like
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Poor risk adjusted returns
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.
Low Dividend Growth
This stock has shown below median dividend growth in the previous 5 years compared to its sector.
Low Revenue Growth
This stock has shown below median revenue growth in the previous 5 years compared to its sector
Frequently Asked Questions About Independent Bank Corporation (IBCP) Stock
Based on ratings from 3 analysts Independent Bank Corporation's stock is Hold . Stock Target Advisor's fundamental analysis is Neutral. The stock has buy, sell and 5 hold ratings.
IBCP stock's dividend yield is 3.70%.
Our analysis grades IBCP stock's dividend yield at F. This means that IBCP stock's dividend yield is above 53% of the stocks in the Banks - Regional sector in the NSD exchange.
Based on this IBCP may be a average dividend stock for its sector.
Based on targets from 3 analysts, the average taret price for IBCP is USD 38.40 over the next 12 months. The maximum analyst target price is USD 41 while the minimum anlayst target price is USD 36.
IBCP stock's Price/Earning ratio is 8.89.
Our analysis grades IBCP stock's Price / Earning ratio at B-. This means that IBCP stock's Price/Earning ratio is above 18% of the stocks in the Banks - Regional sector in the NSD exchange.
Based on this IBCP may be undervalued for its sector.
The last closing price of IBCP's stock was USD 29.84.
The most recent market capitalization for IBCP is USD 0.59B.
Based on targets from 3 analysts, the average taret price for IBCP is projected at USD 38.40 over the next 12 months.
This means that IBCP's stock price may go up by +28.71% over the next 12 months.
We can't find any ETFs which contains Independent Bank Corporation's stock.
As per our most recent records Independent Bank Corporation has 732 Employees.
Independent Bank Corporation's registered address is 4200 East Beltline, Grand Rapids, MI, United States, 49525.
You can get more information about it from Independent Bank Corporation's website at https://www.independentbank.com.
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