Independent Bank Corporation (Ionia, MI) [NASDAQ: IBCP] slipped around -0.08 points on Friday, while shares priced at $32.89 at the close of the session, down -0.24%.
Independent Bank Corporation (Ionia, MI) stock is now -2.69% down from its year-to-date (YTD) trading value. IBCP Stock saw the intraday high of $33.27 and lowest of $32.86 per share. The company’s 52-week high price is 40.32, which means current price is +22.95% above from all time high which was touched on 02/06/25.
Compared to the average trading volume of 78.45K shares, IBCP reached a trading volume of 161257 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Independent Bank Corporation [Ionia, MI] [IBCP]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IBCP shares is $35.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IBCP stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Hovde Group have made an estimate for Independent Bank Corporation (Ionia, MI) shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on March 04, 2024. The new note on the price target was released on December 13, 2022, representing the official price target for Independent Bank Corporation (Ionia, MI) stock. On January 17, 2020, analysts decreased their price target for IBCP shares from 26 to 24.
The Price to Book ratio for the last quarter was 1.45. Price to Free Cash Flow for IBCP in the course of the last twelve months was 9.04.
How has IBCP stock performed recently?
Independent Bank Corporation (Ionia, MI) [IBCP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.24. With this latest performance, IBCP shares gained by 7.66% in over the last four-week period, additionally sinking by -3.21% over the last 6 months – not to mention a drop of -5.57% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IBCP stock in for the last two-week period is set at 58.23, with the RSI for the last a single of trading hit 0.69, and the three-weeks RSI is set at 0.77 for Independent Bank Corporation (Ionia, MI) [IBCP]. The present Moving Average for the last 50 days of trading for this stock 32.40, while it was recorded at 33.00 for the last single week of trading, and 33.20 for the last 200 days.
Independent Bank Corporation [Ionia, MI] [IBCP]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Independent Bank Corporation (Ionia, MI) [IBCP] shares currently have an operating margin of 24.40%. Independent Bank Corporation (Ionia, MI)’s Net Margin is presently recorded at 20.30%.
Independent Bank Corporation (Ionia, MI) (IBCP) Capital Structure & Debt Analysis
According to recent financial data for Independent Bank Corporation (Ionia, MI). ( IBCP), the Return on Equity (ROE) stands at 14.39%, reflecting robust shareholder value creation. The Return on Assets (ROA) is 1.21%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Independent Bank Corporation (Ionia, MI)’s Return on Invested Capital (ROIC) is 9.85%, showcasing its effectiveness in deploying capital for earnings.
Independent Bank Corporation (Ionia, MI) (IBCP) Efficiency & Liquidity Metrics
Based on Independent Bank Corporation (Ionia, MI)’s (IBCP) latest financial statements, the Debt-to-Equity Ratio is 0.40%, indicating its reliance on debt financing relative to shareholder equity.
Independent Bank Corporation (Ionia, MI) (IBCP) Efficiency & Liquidity Metrics
Earnings analysis for Independent Bank Corporation (Ionia, MI) [IBCP]
With the latest financial reports released by the company, Independent Bank Corporation (Ionia, MI) posted 0.65/share EPS, while the average EPS was predicted by analysts to be reported at 0.76/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.11. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IBCP.
Insider trade positions for Independent Bank Corporation [Ionia, MI] [IBCP]
There are presently around $84.97%, or 89.34%% of IBCP stock, in the hands of institutional investors. The top three institutional holders of IBCP stocks are: BLACKROCK INC. with ownership of 2.96 million shares, which is approximately 14.1785%. FJ CAPITAL MANAGEMENT LLC, holding 1.21 million shares of the stock with an approximate value of $$32.75 million in IBCP stocks shares; and FJ CAPITAL MANAGEMENT LLC, currently with $$28.76 million in IBCP stock with ownership which is approximately 5.096%.
