Stock Scorecard
Stock Summary for Independent Bank Corporation (Ionia MI) (IBCP) - $25.12 as of 4/25/2024 9:57:21 AM EST
Total Score
14 out of 29
Currently on the following lists
None
Tim's Recommendation
Possible Buy
Growth List Algorithm Criteria for IBCP
Positive earnings growth | |
P/E ratio less than Industry P/E Ratio | |
P/E ratio less than Sector P/E Ratio | |
P/E ratio that is half the growth rate (or less) | |
Positive net cash position the past year and most recent quarter | |
Equity to debt ratio greater than 0.75 for past year and most recent quarter | |
Positive net income past year and 12 trailing months | |
Free cash flow ratio greater than 0 and less than 10 |
Small Cap List Algorithm Criteria for IBCP
Revenue growing by at least 20% average per year over the last 5 years | |
Market Capitalization under 2 billion | |
Price to Sales (P/S) ratio 12 trailing months less than Industry P/S ratio twelve trailing months | |
Price to Sales (P/S) ratio 12 trailing months less than Sector P/S ratio twelve trailing months | |
Net Income past year > Net Income prior year OR Net Income 12 trailing months > Net Income prior year OR Net Income 12 trailing months > Net Income past year |
Dividend List Algorithm Criteria for IBCP
Declared an ex-dividend date | |
Forward annual dividend rate greater than 2 | |
Positive net cash position the past year and most recent quarter | |
Equity to debt ratio greater than 0.75 for past year and most recent quarter | |
Current ratio most recent quarter greater than 2 |
Bonus Criteria for IBCP
P/E ratio less than five-year Average P/E ratio | |
Last Price to 52 Week Low Ratio Less Than 1 | |
Total Cash Per Share > Last Day Price | |
P/S Ratio < 1 | |
P/B Ratio < 1 |
Latest News for for IBCP
Financial Details for IBCP
Company Overview |
|
---|---|
Ticker | IBCP |
Company Name | Independent Bank Corporation (Ionia MI) |
Country | USA |
Description | Independent Bank Corporation is the bank holding company of Independent Bank providing various banking services to individuals and businesses. The company is headquartered in Grand Rapids, Michigan. |
Sector Name | FINANCE |
Industry Name | STATE COMMERCIAL BANKS |
Most Recent Quarter | 12/31/2023 |
Next Earnings Date | 4/25/2024 |
Stock Price History |
|
Last Day Price | 25.12 |
Last Day Price Updated | 4/25/2024 9:57:21 AM EST |
Last Day Volume | 95,224 |
Average Daily Volume | 63,430 |
52-Week High | 27.13 |
52-Week Low | 14.43 |
Last Price to 52 Week Low | 74.08% |
Valuation Measures |
|
Trailing PE | 9.07 |
Industry PE | 11.84 |
Sector PE | 18.25 |
5-Year Average PE | 6.15 |
Free Cash Flow Ratio | 3.09 |
Industry Free Cash Flow Ratio | 3.58 |
Sector Free Cash Flow Ratio | 8.74 |
Current Ratio Most Recent Quarter | 0.07 |
Total Cash Per Share | 8.12 |
Book Value Per Share Most Recent Quarter | 19.41 |
Price to Book Ratio | 1.20 |
Industry Price to Book Ratio | 0.90 |
Sector Price to Book Ratio | 1.71 |
Price to Sales Ratio Twelve Trailing Months | 2.42 |
Industry Price to Sales Ratio Twelve Trailing Months | 2.43 |
Sector Price to Sales Ratio Twelve Trailing Months | 2.70 |
Share Statistics |
|
Total Shares Outstanding | 20,905,500 |
Market Capitalization | 525,146,160 |
Institutional Ownership | N/A |
Dividends |
|
Ex-Dividend Date | 5/2/2024 |
Last Dividend Amount | 0.24 |
Current Dividend Amount | 0.24 |
Dividend Aristocrat? | False |
Trailing Annual Dividend Rate | 1.17 |
Trailing Annual Dividend Yield | 4.66% |
Forward Annual Dividend Rate | 1.24 |
Forward Annual Dividend Yield | 4.95% |
5-Year Dividend Payments Count | 21 |
3-Year Average Dividend Yield | 3.58% |
5-Year Average Dividend Yield | 3.65% |
1-Year Dividend Growth Rate Percentage | 4.55% |
3-Year Dividend Growth Rate Percentage | 4.65% |
5-Year Dividend Growth Rate Percentage | 6.32% |
All-Time Dividend Growth Rate Percentage | 8.16% |
Dividend Payout Ratio | 41.94% |
Income Statement |
|
Quarterly Earnings Growth YOY | -7.10% |
Annual Earnings Growth | -6.76% |
Reported EPS 12 Trailing Months | 2.79 |
Reported EPS Past Year | 0.00 |
Reported EPS Prior Year | 2.79 |
Net Income Twelve Trailing Months | 59,067,000 |
Net Income Past Year | 59,067,000 |
Net Income Prior Year | 63,351,000 |
Quarterly Revenue Growth YOY | -1.70% |
5-Year Revenue Growth | 5.49% |
Balance Sheet |
|
Total Cash Most Recent Quarter | 169,781,000 |
Total Cash Past Year | 169,781,000 |
Total Cash Prior Year | 74,371,000 |
Net Cash Position Most Recent Quarter | 90,543,000 |
Net Cash Position Past Year | 90,543,000 |
Long Term Debt Past Year | 79,238,000 |
Long Term Debt Prior Year | 79,093,000 |
Total Debt Most Recent Quarter | 79,238,000 |
Equity to Debt Ratio Past Year | 0.84 |
Equity to Debt Ratio Most Recent Quarter | 0.84 |
Total Stockholder Equity Past Year | 404,449,000 |
Total Stockholder Equity Prior Year | 347,596,000 |
Total Stockholder Equity Most Recent Quarter | 404,449,000 |
Options |
|
Put/Call Ratio | 0.00 |
Has Options | Options Chain |
Liquidity Rating | None |
Technical Analysis |
|
Yahoo Finance Chart | Yahoo Finance Chart |
MACD | -0.23 |
MACD Signal | -0.22 |
20-Day Bollinger Lower Band | 23.44 |
20-Day Bollinger Middle Band | 24.77 |
20-Day Bollinger Upper Band | 26.09 |
Beta | 0.98 |
RSI | 53.26 |
50-Day SMA | 20.95 |
200-Day SMA | 19.22 |
System |
|
Modified | 4/25/2024 2:54:05 AM EST |