Trade

with

Independent Bank Corp (Ionia MI)
(NASDAQ: IBCP)
AdChoices
12.20
+0.20
+1.67%
After Hours :
12.20
0.00
0.00%

Open

11.92

Previous Close

12.00

Volume (Avg)

100.30k (119.19k)

Day's Range

11.91-12.20

52Wk Range

8.66-14.25

Market Cap.

275.31M

Dividend Rate (Yield )

0.24 (1.00%)

Beta

1.33

Shares Outstanding

22.94M

P/E Ratio (EPS)

10.68 (1.12)

AdChoices
Fundamentals
  • Key statistics
  • Growth
  • Profitability
  • Financial health
  • Price ratios
  • Trading statistics
  • Management effectiveness
Industry Banks – Regional – US
Highlights
Analyst Recommendation: Buy
    • Revenue

    • 122.79M

    • Net Income

    • 77.51M

    • Market Cap.

    • 275.31M

    • Enterprise Value

    • -

    • Net Profit Margin %

    • 21.01

    • PEG (Price/Earnings Growth) Ratio

    • -

    • Beta

    • 1.33

    • Forward P/E

    • 13.40

    • Price/Sales

    • 2.28

    • Price/Book Value

    • 1.15

    • Price/Cash flow

    • 10.68

      • EBITDA

      • 24.86M

      • Return on Capital %

      • 1.11

      • Return on Equity %

      • 13.31

      • Return on Assets %

      • 1.11

      • Book Value/Share

      • 10.59

      • Shares Outstanding

      • 22.94M

      • Last Split Factor (Date)

      • -

      • Last Dividend (Ex-Date)

      • 0.06 (8/1/2014)

      • Dividend Declaration Date

      • 7/22/2014

      Analyst Recommendation
      10/21/2014
      Buy
        • 1 Year Price Target

        • 14.00

        • Credit Rating

        • -

        • Analysts

        • 1

        • EPS Estimate

        • 0.91

        • Cashflow Estimate

        • -

        Morningstar Consensus estimate data
        • Growth Rate (%)

        • Company

        • Industry

          • Sales (Revenue)

            Q/Q (last year)

          • -12.00

          • -0.66

          • Net Income

            YTD/YTD (last year)

          • 195.90

          • 7.93

          • Net Income

            Q/Q (last year)

          • -90.50

          • -2.61

          • Sales (Revenue)

            5-Year Annual Average

          • -5.14

          • -11.83

          • Net Income

            5-Year Annual Average

          • -

          • 6.49

          • Dividends

            5-Year Annual Average

          • -

          • 33.22

          • Profit Margins (%)

          • Company

          • Industry

            • Gross Margin

            • -

            • -

            • Pre-Tax Margin

            • 19.38

            • 36.31

            • Net Profit Margin

            • 21.01

            • 25.32

            • Average Gross Margin

              5-Year Annual Average

            • -

            • -

            • Average Pre-Tax Margin

              5-Year Annual Average

            • -7.20

            • 25.85

            • Average Net Profit Margin

              5-Year Annual Average

            • 1.00

            • 127.78B

            • Financial Ratios

            • Company

            • Industry

              • Debt/Equity Ratio

              • 0.28

              • 0.74

              • Current Ratio

              • -

              • -

              • Quick Ratio

              • -

              • -

              • Interest Coverage

              • -

              • -

              • Leverage Ratio

              • 9.26

              • 8.88

              • Book Value/Share

              • 10.59

              • 19.98

              • Price Ratios

              • Company

              • Industry

                • Current P/E Ratio

                • 10.48

                • 15.22

                • P/E Ratio 5-Year High

                • 18.52

                • 1,590.26

                • P/E Ratio 5-Year Low

                • 0.89

                • 247.77

                • Price/Sales Ratio

                • 2.20

                • 3.20

                • Price/Book Value

                • 1.11

                • 1.24

                • Price/Cash Flow Ratio

                • 10.68

                • 7.95

                • Key Metrics

                • Company

                  • Shares Short

                    as of -

                  • -

                  • Short Ratio

                    as of -

                  • -

                  • Short % of Float

                    as of -

                  • -

                  • Shares Short

                    prior month

                  • -

                  • Trailing Annual Dividend Yield

                  • -

                  • 5 Year Average Dividend Yield

                  • -

                  • Key Metrics

                  • Company

                    • Payout Ratio

                    • 5.34

                    • Dividend Date

                    • 7/22/2014

                    • Ex-Dividend Date

                    • 8/1/2014

                    • Last Split Factor

                      new per old

                    • -

                    • Last Split Date

                    • -

                    • Key Metrics

                    • Company

                    • Industry

                      • Return on Equity %

                        (5-Year Average)

                      • 13.31

                        (-23.70)

                      • 11.32

                        (9.64)

                      • Return on Assets %

                        (5-Year Average)

                      • 1.11

                        (0.00)

                      • 1.26

                        (0.99)

                      • Return on Capital %

                        (5-Year Average)

                      • 12.23

                        (13.60)

                      • 5.43

                        (3.93)

                      • Income/Employee

                      • 19.54k

                      • 57.85k

                      • Inventory Turnover

                      • -

                      • -

                      • Asset Turnover

                      • 0.05

                      • 0.05

                      Current Historical
                      Financials
                      • Income Statement
                      • Balance Sheet
                      • Cash Flow
                      Operating Income
                      22.66M
                      Operating Margin
                      18.45
                      Total Equity
                      -
                      Retained Earnings
                      -
                      Free Cashflow
                      -
                      Price/Cashflow
                      10.68
                      Ownership

                      Institutional Ownership

                      79.00%

                      Top 10 Institutions

                      43.21%

                      Mutual Fund Ownership

                      16.00%

                      Float

                      95.51%

                      5% / Insider Ownership

                      3.01%

                      Corporate insiders or major stockholders reporting trading activity in the stock.

                      Top Mutual Fund Owners

                      Top Institutional Owners

                      Mutual Fund Name

                      Institution Name

                      • Mutual Fund Name

                      • Shares Held

                      • % Change

                      • % Outstanding

                      • Columbia Small Cap Core Fund

                      •  

                        477,925

                      • 0.00

                      • 2.08

                      • Vanguard Total Stock Mkt Idx

                      •  

                        379,179

                      • 2.27

                      • 1.65

                      • iShares Russell 2000 (AU)

                      •  

                        315,125

                      • 0.00

                      • 1.38

                      • Vanguard Extended Market Index Fund

                      •  

                        176,103

                      • 3.47

                      • 0.77

                      • JHancock Regional Bank Fund

                      •  

                        175,548

                      • 0.00

                      • 0.77

                      • JHancock Financial Industries Fund

                      •  

                        169,595

                      • 0.00

                      • 0.74

                      • Bridgeway Ultra Small Company Fund

                      •  

                        156,700

                      • 0.00

                      • 0.68

                      • iShares Russell 2000 Value

                      •  

                        134,765

                      • 0.00

                      • 0.59

                      • JHancock Financial Opportunities

                      •  

                        125,407

                      • 0.00

                      • 0.55

                      • CREF Stock

                      •  

                        84,035

                      • 3.09

                      • 0.37

                      • Institution Name

                      • Shares Held

                      • % Change

                      • % Outstanding

                      • Wellington Management Company, LLP

                      •  

                        2,262,194

                      • +0.62%

                      • 9.87

                      • EJF Capital LLC

                      •  

                        1,398,215

                      • +36.65%

                      • 6.10

                      • Pyramis Global Advisors, LLC

                      •  

                        1,097,822

                      • +7.78%

                      • 4.79

                      • Sandler O'Neill Asset Management Llc

                      •  

                        905,800

                      • +11.83%

                      • 3.95

                      • Columbia Mangmt Investment Advisers, LLC

                      •  

                        790,635

                      • -3.37%

                      • 3.45

                      • NorthPointe Capital LLC

                      •  

                        705,968

                      • -25.68%

                      • 3.08

                      • Endeavour Capital Advisors Inc

                      •  

                        674,385

                      • +64.76%

                      • 2.94

                      • Vanguard Group, Inc.

                      •  

                        547,553

                      • +9.34%

                      • 2.39

                      • BlackRock Fund Advisors

                      •  

                        520,862

                      • +45.41%

                      • 2.27

                      Company Profile

                      Sector

                      Financial Services

                      Industry

                      Banks – Regional – US

                      Type

                      Cyclical

                      Style

                      Small Value

                      Independent Bank Corp (Ionia MI) was incorporated under the laws of the State of Michigan on September 17, 1973, for the purpose of becoming a bank holding company. It is registered under the Bank Holding Company Act of 1956 and owns...more the outstanding stock of Independent Bank which is organized under the laws of the State of Michigan. The Bank’s activities cover all phases of banking, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending and safe deposit box services. Mepco Finance Corporation, a subsidiary of its Bank, acquires and services payment plans used by consumers to purchase vehicle service contracts provided and administered by third parties. In addition, the Bank offers title insurance services through a separate subsidiary a...morend provides investment and insurance services through a third party agreement with Cetera Investment Services LLC. The Company’s main markets are the rural and suburban communities across Lower Michigan that is served by its Bank's branch network. The Bank serves its markets through its main office and a total of 70 branches, 2 drive-thru facilities and 5 loan production offices. The Bank competes with other commercial banks, savings banks, credit unions, mortgage banking companies, securities brokerage companies, insurance companies, and money market mutual funds. The Company is subject to regulation by, the Federal Reserve under the Bank Holding Company Act.lessless

                      Key People

                      William B. Kessel

                      CEO/CEO, Subsidiary/Director/President/President, Subsidiary

                      Michael M. Magee,Jr

                      Chairman of the Board/Chairman of the Board, Subsidiary/Director

                      Robert N. Shuster

                      Executive VP/CFO/Secretary

                      Peter R. Graves

                      Chief Information Officer/Senior VP

                      Stefanie M. Kimball

                      Chief Risk Officer/Executive VP

                      • Independent Bank Corp (Ionia MI)

                      • 230 West Main Street

                      • Ionia, MI 48846

                      • USA.Map

                      • Phone: +1 616 527-5820

                      • Fax: -

                      • independentbank.com

                      Incorporated

                      1973

                      Employees

                      896

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