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Independent Bank Corporation
IBCP | US
33.02
USD-1.10
-3.22%
IBCP | US
About Independent Bank Corporation
Sector
Financial Services
Industry
Banks - Regional - US
Earnings date
30/06/2024
As of date
21/10/2024
Close
33.02
Open
34.32
High
34.32
Low
32.88
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 across Lower 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. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids Michigan.
View LessIBCP | US
Risk
34.6
Sharpe
2.38
Luna's Score
63/100
Recommendation
Hold
Luna says (IBCP | US)
What's Working
Good Dividend Yield (2% <= Dividend Yield <= 8%)
Low Debt to Asset (< 0.2)
Value Stock (Price to Book < 3)
Strong Operating Margin (> 25%)
Strong Revenue Growth (> 10%)
Strong Sharpe Ratio (> 1.2)
What's not Working
Negative Momentum (Declining Price)
Price Below SMA10D
Smallcap (300M - 2B USD)
High Market Beta (> 0.8)
Volatility Signals
Bullish: Stable Volatility (6-month <= 1-month volatility) is positive for the stock performance.
Risk Meter
10 days
32.7%1 month
34.6%3 months
33.9%6 months
31.8%Returns
Fundamental Ratios
PE
10.94
Fwd. PE
11.64
Price to book
1.66
Debt to equity
0.32
Debt to assets
0.03
Ent. to EBITDA
-
Ent. to rev.
4.07
PEG
2.33
Other Fundamentals
EBITDA
-
MarketCap
690.00M
MarketCap(USD)
690.00M
Div. yield
2.75
Op. margin
42.23
Erngs. growth
25.70
Rev. growth
12.00
Ret. on equity
16.34
Short ratio
2.09
Short perc.
1.48
Market Sentiment (SMA and Price signals)
Short-term: Bullish (SMA10D > SMA1M)
Intermediate-term: Bearish (SMA1M < SMA3M)
Long-term: Bullish (SMA6M > SMA12M)
SMAs: Stock Price Trends
Range10D
3.32
Range1M
3.73
Range3M
5.63
Volumes: Market Activity
Rel. volume
0.79
Price X volume
2.21M
Peers
Diversifiers
Industry Comparison
| Parameter | Company | Industry | Indicator |
|---|---|---|---|
| Enterprise to EBITDA | - | -25.13 | - |
| Ent. to Revenue | 4.07 | 73.69 | Cheaper |
| PE Ratio | 10.94 | 18.44 | Cheaper |
| Price to Book | 1.66 | 3,795.44 | Cheaper |
| Dividend Yield | 2.75 | 3.11 | Par |
| Std. Deviation (3M) | 33.91 | 32.77 | Par |
| Debt to Equity | 0.32 | 0.66 | Cheaper |
| Debt to Assets | 0.03 | 0.08 | Cheaper |
| Market Cap | 690.00M | 2.81B | Emerging |
