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Financial ServicesNMSUSD

Independent Bank Corporation

$0012345678900123456789.0012345678900123456789-0.8%
52w low (est.) $29.13$45.40 52w high (est.)
Market data
Market cap
USD750.27M
52w range
USD29.63 - USD39.17
Beta
0.70
Sector
Financial Services
Data quality
88/100
Valuation
P/E ratio
10.9x
DCF fair value
USD75.99
Margin of safety
+110.0%
Forward P/E
9.5x
PEG ratio
1.40
Dividend yield
2.97%
Quality & efficiency
Moat score
43/100
Return on equity
14.3%
Profit margin
31.1%
Growth & analysts
Revenue growth
+9.7%
Analyst target
USD38.30
Target upside
+5.9%
Analysts
5
Run the 10-point checklist before you buy How these numbers are made

About Independent Bank Corporation

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts. It also provides consumer loans that consists of real estate loans comprising residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans; and investment and financial services. In addition, the company offers cash management; investment management and trust services; additional services, such as estate settlement, financial planning, tax services, and other special services; sale of mutual fund shares, unit investment trust shares, third party model portfolios, general securities, and fixed and variable annuities, as well as life insurance products; debit and credit card; safe deposit box services; automatic teller machines; and internet and mobile banking services. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.

Valuation

ValueGrowthProfitHealthIncome73QUALITY
Overall Rating
71
Strong Buy
Strong Buy

Derived from filed metrics · High confidence (88% of the inputs available)

Moat Score43
DCF Intrinsic Value
USD75.99+110.0% upside

Moat, DCF and rating computed by our valuation engine (ported from the original Python model).

Fundamentals

Market Cap
USD750.27M
P/E Ratio
10.9
Dividend Yield
2.97%
Revenue Growth
+9.7%
Profit Margin
31.1%
ROE
14.3%
Debt / Equity
0.00
Beta
0.70
ValueDividend Aristocrats
vs Financial Services sector:P/E 11 vs 0 Moat 43 vs 0Yield 2.97% vs 0.0%

Statistics

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