Independent Bank Corporation (IBCP) Stock Forecast
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USD 33.33
(-11.63%)
Based on the Independent Bank Corporation stock forecast from 2 analysts, the average analyst target price for Independent Bank Corporation is USD 33.33 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 Slightly Bullish , which is based on 7 positive signals and 4 negative signals. At the last closing, Independent Bank Corporation’s stock price was USD 37.72. Independent Bank Corporation’s stock price has changed by -0.53% over the past week, +14.23% over the past month and +75.44% 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 commercial banking services to individuals and businesses in rural and suburban communities in Michigan. It offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The company also provides title insurance services and investment services, as well as automatic teller machines, and internet and mobile banking services. In addition, it operates through branches, drive-thru facilities, and loan production offices. 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 commercial banking services to individuals and businesses in rural and suburban communities in Michigan. It offers checking and savings accounts, commercial lending, direct and in...Read More
Frequently Asked Questions About Independent Bank Corporation (IBCP) Stock
Based on ratings from 2 analysts Independent Bank Corporation's stock is Hold . Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has buy, sell and 3 hold ratings.
IBCP stock's dividend yield is 2.92%.
Our analysis grades IBCP stock's dividend yield at F. This means that IBCP stock's dividend yield is above 43% 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 2 analysts, the average taret price for IBCP is USD 33.33 over the next 12 months. The maximum analyst target price is USD 37 while the minimum anlayst target price is USD 27.
IBCP stock's Price/Earning ratio is 11.19.
Our analysis grades IBCP stock's Price / Earning ratio at C-. This means that IBCP stock's Price/Earning ratio is above 29% 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 37.72.
The most recent market capitalization for IBCP is USD 0.69B.
Based on targets from 2 analysts, the average taret price for IBCP is projected at USD 33.33 over the next 12 months.
This means that IBCP's stock price may go down by -11.63% 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 741 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.
Superior capital utilization
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior total returns
The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.
High Gross Profit to Asset Ratio
This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.
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.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Low Dividend Growth
This stock has shown below median dividend growth in the previous 5 years compared to its sector.
Frequently Asked Questions About Independent Bank Corporation (IBCP) Stock
Based on ratings from 2 analysts Independent Bank Corporation's stock is Hold . Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has buy, sell and 3 hold ratings.
IBCP stock's dividend yield is 2.92%.
Our analysis grades IBCP stock's dividend yield at F. This means that IBCP stock's dividend yield is above 43% 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 2 analysts, the average taret price for IBCP is USD 33.33 over the next 12 months. The maximum analyst target price is USD 37 while the minimum anlayst target price is USD 27.
IBCP stock's Price/Earning ratio is 11.19.
Our analysis grades IBCP stock's Price / Earning ratio at C-. This means that IBCP stock's Price/Earning ratio is above 29% 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 37.72.
The most recent market capitalization for IBCP is USD 0.69B.
Based on targets from 2 analysts, the average taret price for IBCP is projected at USD 33.33 over the next 12 months.
This means that IBCP's stock price may go down by -11.63% 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 741 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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