Independent Bank Corporation (IBCP) is a Banks - Regional company in the Financial Services sector, currently trading at $34.74. It has a SharesGrow Score of 67/100, indicating a above average investment profile with 4 out of 7 criteria passed.
SharesGrow calculates the intrinsic value of IBCP = $79.17 (+127.9% from the current price, the stock appears undervalued). Analyst consensus target is IBCP = $39 (+12.3% upside).
Valuation: IBCP trades at a trailing Price-to-Earnings (P/E) of 10.4 (S&P 500 average ~25) with a forward Price/Earnings-to-Growth (PEG) of 1.27.
Financials: revenue is $315M, +12.6%/yr average growth. Net income is $69M, growing at +3%/yr. Net profit margin is 21.7% (strong). Gross margin is 69.6% (-19.1 pp trend).
Balance sheet: total debt is $117M against $503M equity (Debt-to-Equity (D/E) ratio 0.23, conservative). Current ratio is 370.62 (strong liquidity). Debt-to-assets is 2.1%. Total assets: $5.5B.
Analyst outlook: 1 / 7 analysts rate IBCP as buy (14%) — mixed sentiment.
SharesGrow 7-Criteria breakdown: Value 65/100 (Pass), Growth 63/100 (Pass), Past 100/100 (Pass), Health 67/100 (Partial), Moat 49/100 (Partial), Future 40/100 (Partial), Income 85/100 (Pass).
