Independent Bank Corp.

IBCPNASDAQUSD
32.72 USD
0.59 (1.77%)AT CLOSE (11:59 AM EDT)
32.70
0.02 (0.06%)
POST MARKET (AS OF 04:14 PM EDT)
Post Market
AS OF 04:14 PM EDT
32.70
0.02 (0.06%)
🔴Market: CLOSED
Open?$33.27
High?$33.30
Low?$32.45
Prev. Close?$33.31
Volume?128.2K
Avg. Volume?167.6K
VWAP?$32.76
Rel. Volume?0.77x
Bid / Ask
Bid?$28.15 × 100
Ask?$37.25 × 100
Spread?$9.10
Midpoint?$32.70
Valuation & Ratios
Market Cap?674.2M
Shares Out?20.6M
Float?20.2M
Float %?97.7%
P/E Ratio?9.84
P/B Ratio?1.34
EPS?$3.33
Dividend?3.20%
Ex-Dividend?N/A
News
Profile
Independent Bank Corp. 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. The firm's principal markets are the rural and suburban communities across Lower Michigan. The firm generates the majority of its revenue from Interest and fees on loans.
Employees
826
Market Cap
674.2M
Industry
STATE COMMERCIAL BANKS
Listed
1985-09-04
Address
4200 E BELTLINE AVE
GRAND RAPIDS, MI 49525
Phone: (800) 355-0641
Technical Outlook
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Fundamental Outlook
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Short Interest
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Financial Health
Current Ratio?12.49Strong
Quick Ratio?12.49Strong
Cash Ratio?0.68Adequate
Debt/Equity?0.23Low
ValuationATTRACTIVELY VALUED
Score
100/100
P/E?
9.8CHEAP
P/B?
1.34CHEAP
P/S?
2.14CHEAP
P/FCF?
9.6CHEAP
EV/EBITDA?
9.1CHEAP
EV/Sales?
2.34CHEAP
Returns & Efficiency
ROE?
13.6%STRONG
ROA?
1.2%WEAK
Cash Flow & Enterprise
FCF?$70.2M
Enterprise Value?$738.9M
Fundamentals ratios updated end of day