Discounted Cash Flow Rating

Buy

Return on Equity Rating

Buy

Debt to Equity Rating

Neutral

Price to Earnings Rating

Buy

Analyst Rating

Buy

Simple Moving Average

Strong Buy

Exponential Moving Average

Strong Buy

Relative Strength Index

Buy

Standard Deviation

Strong Buy

Williams %R

Strong Buy

Average Directional Index

Sell

Insider Trading

Buy

Wall Street Data Solutions Rating

Buy

A

Independent Bank Corp. (IBCP)

State Commercial Banks

https://www.independentbank.com

Independent Bank Corp (Ionia MI) operates as a commercial bank. It offers a broad range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. It also provides internet and mobile banking capabilities to its customers.

4200 E BELTLINE AVE
GRAND RAPIDS, MI

Current Price

---.--

% Change Today

0.00%

Change Amt. Today

0.00

Active Status

Active

Listing Date

09/04/1985

Market Cap

679,972,110

Shares Outstanding

20,840,000

Weighted SO

20,840,318

Total Employees

N/A

Upcoming Earnings

N/A

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Beta

1.0030

Last Div

0.9600

Range

16.9-35.97

Chg

0.0100

Avg Vol

115046

Mkt Cap

679972110

Exch

NASDAQ

Country

US

Phone

616 527 5820

DCF Diff

-33.3622

DCF

57.5722

Div Yield

0.0292

P/S

2.3544

EV Multiple

26.4946

P/FV

1.5801

Div Yield %

2.9195

P/E

10.3359

PEG

0.6309

Payout

0.2982

Current Ratio

0.2227

Quick Ratio

0.2227

Cash Ratio

0.2033

DSO

0.0000

DIO

0.0000

Op Cycle

0.0000

DPO

0.0000

CCC

0.0000

Gross Margin

1.0087

Op Margin

0.4685

Pretax Margin

0.2860

Net Margin

0.2279

Eff Tax Rate

0.2032

ROA

0.0125

ROE

0.1619

ROCE

0.0320

NI/EBT

0.7968

EBT/EBIT

0.6103

EBIT/Rev

0.4685

Debt Ratio

0.0246

D/E

0.3021

LT Debt/Cap

0.2310

Total Debt/Cap

0.2320

Int Coverage

2.5927

CF/Debt

0.4581

Equity Multi

12.2602

Rec Turnover

0.0000

Pay Turnover

0.0000

Inv Turnover

0.0000

FA Turnover

6.9204

Asset Turnover

0.0547

OCF/Share

2.8496

FCF/Share

2.5912

Cash/Share

38.5763

OCF/Sales

0.2062

FCF/OCF

0.9093

CF Coverage

0.4581

ST Coverage

85.0900

CapEx Coverage

11.0261

Div&CapEx Cov

2.3799

P/BV

1.5801

P/B

1.5801

P/S

2.3544

P/E

10.3359

P/FCF

12.5546

P/OCF

11.4190

P/CF

11.4190

PEG

0.6309

P/S

2.3544

EV Multiple

26.4946

P/FV

1.5801

DPS

0.9500

Latest Headlines (EST)

GlobeNewswire Inc. Jan 23, 10:16 Independent Bank Corporation Announces 4% Increase in Quarterly Cash Dividend on Common Stock Zacks Investment Research Jan 12, 08:46 Fall in NII, High Costs to Hurt Comerica (CMA) in Q4 Earnings GlobeNewswire Inc. Dec 22, 11:13 Independent Bank Corporation Announces Date for Its Fourth Quarter 2023 Earnings Release GlobeNewswire Inc. Dec 19, 12:38 Independent Bank Corporation Announces the Adoption of Its 2024 Share Repurchase Plan

Revenue Product Segmentation