Independent Bank- Mich logo

Independent Bank- Mich share price today

(IBCP)

Independent Bank- Mich share price is $34.22 & ₹2,936.42 as on 7 Jan 2025, 2.30 'hrs' IST

$34.22

-0.3

(-0.85%)

Market is closed - opens 8 PM, 07 Jan 2025

View live Independent Bank- Mich share price in Dollar and Rupees. Guide to invest in Independent Bank- Mich stock from India, including Indian investor sentiment. Get details on Indian mutual funds investing in Independent Bank- Mich, along with analyst recommendations, forecasts, and comprehensive financials.

Independent Bank- Mich share price movements

  • Today's Low: $34.14
    Today's High: $34.85

    Day's Volatility :2.04%

  • 52 Weeks Low: $22.53
    52 Weeks High: $40.32

    52 Weeks Volatility :44.12%

Independent Bank- Mich Returns

PeriodIndependent Bank Corp - MichSector (Financials)Index (Russel 2000)
3 Months
7.69%
6.4%
0.0%
6 Months
30.94%
17.0%
0.0%
1 Year
34.3%
28.7%
0.0%
3 Years
37.02%
19.4%
-19.8%

Independent Bank- Mich Key Statistics

in dollars & INR

Previous Close
$34.515
Open
$34.53
Today's High
$34.85
Today's Low
$34.14
Market Capitalization
$727.7M
Today's Volume
$76.2K
52 Week High
$40.32
52 Week Low
$22.53
Revenue TTM
$208.2M
Earnings Per Share (EPS)
$2.94
PE Ratio
11.85
Dividend Yield
2.76%
Profit Margin
29.81%
Quarterly Earnings Growth YOY
-0.22%
Return On Equity TTM
15.01%

How to invest in Independent Bank- Mich from India?

It is very easy for Indian residents to invest directly in Independent Bank- Mich from India. Indian investors can open a free US stocks account on the INDmoney app. You can find live prices of the Independent Bank- Mich stock in both Indian Rupees (INR) and US Dollars (USD). Search for Independent Bank- Mich or IBCP on the INDmoney app and click on Buy or SIP. You can invest by choosing quantities of shares of Independent Bank- Mich or rupee/ dollar value or set up a fixed SIP amount to be invested every month or week.

For example: You can easily buy Rs.100 worth of Independent Bank- Mich shares which would translate to 0.025 fractional shares of Independent Bank- Mich as of today. Learn more about fractional investing.

Indians can now also easily transfer and add money to their US stocks account via the INDmoney app. Invest in US Stocks from India, including recognised companies like Independent Bank- Mich, in just a few clicks!

Returns in Independent Bank- Mich for Indian investors in Rupees

Investment Value

₹1,00,000

  • 1Y

  • 3Y

  • 5Y

  • 7Y

  • 10Y

Independent Bank- Mich investment value today

Current value as on today

₹1,36,374

Returns

₹36,374

(+36.37%)

Returns from Independent Bank- Mich Stock

₹33,152 (+33.15%)

Dollar Returns

₹3,223 (+3.22%)

Indian investors sentiment towards Independent Bank- Mich

14%

Period: Oct 8, 2024 to Jan 6, 2025. Change in 30 Days versus previous period

Search volume for Independent Bank- Mich on INDmoney from India has grown in the last 30 days as on Jan 7, 2025. 14% more investors are searching Independent Bank- Mich in the last 30 days versus the previous period.

Global Institutional Holdings in Independent Bank- Mich

  • BlackRock Inc

    14.18%

  • Vanguard Group Inc

    5.71%

  • FMR Inc

    4.95%

  • Dimensional Fund Advisors, Inc.

    4.60%

  • FJ Capital Management LLC

    3.85%

  • State Street Corp

    3.10%

Analyst Recommendation on Independent Bank- Mich

Hold

    0%Buy

    66%Hold

    33%Sell

Based on 9 Wall street analysts offering stock ratings for Independent Bank- Mich(by analysts ranked 0 to 5 stars)

Based on 9 analyst
  • Current
  • 1M Ago
  • 3M Ago
Buy
0
0
0
Hold
6
6
6
Sell
3
3
3

Analyst Forecast on Independent Bank- Mich

What analysts predicted

Upside of 11.63%

Current:

$34.22

Target:

$38.20

Insights on Independent Bank- Mich

  • Price Movement

    In the last 6 months, IBCP stock has moved up by 35.3%
  • Decreasing Revenue

    Revenue is down for the last 2 quarters, 78.85M → 77.84M (in $), with an average decrease of 1.3% per quarter
  • Decreasing Net Profit

    Netprofit is down for the last 2 quarters, 18.52M → 13.81M (in $), with an average decrease of 25.5% per quarter
  • IBCP vs MFG (1 yr)

    In the last 1 year, Mizuho Financial Group, Inc. has given 39.0% return, outperforming this stock by 3.2%
  • IBCP vs MFG (3 yr)

    In the last 3 years, Mizuho Financial Group, Inc. has given 84.0% return, outperforming this stock by 46.7%
  • Price to Sales

    ForIBCP every $1 of sales, investors are willing to pay $3.5, whereas for Mizuho Financial Group, Inc., the investors are paying $0.0 for every $1 of sales.

Independent Bank- Mich Financials in INR & Dollars

FY18Y/Y Change
Revenue
$153.0M
↑ 19.13%
Net Income
$39.8M
↑ 94.57%
Net Profit Margin
26.04%
↑ 10.09%
FY19Y/Y Change
Revenue
$164.1M
↑ 7.27%
Net Income
$46.4M
↑ 16.56%
Net Profit Margin
28.3%
↑ 2.26%
FY20Y/Y Change
Revenue
$197.5M
↑ 20.37%
Net Income
$56.2M
↑ 20.93%
Net Profit Margin
28.43%
↑ 0.13%
FY21Y/Y Change
Revenue
$199.0M
↑ 0.77%
Net Income
$62.9M
↑ 12.01%
Net Profit Margin
31.6%
↑ 3.17%
FY22Y/Y Change
Revenue
$204.6M
↑ 2.78%
Net Income
$63.4M
↑ 0.73%
Net Profit Margin
30.97%
↓ 0.63%
FY23Y/Y Change
Revenue
$200.5M
↓ 1.99%
Net Income
$59.1M
↓ 6.76%
Net Profit Margin
29.46%
↓ 1.51%
Q2 FY23Q/Q Change
Revenue
$52.1M
↑ 9.98%
Net Income
$14.8M
↑ 13.85%
Net Profit Margin
28.39%
↑ 0.96%
Q3 FY23Q/Q Change
Revenue
$53.4M
↑ 2.51%
Net Income
$17.5M
↑ 18.61%
Net Profit Margin
32.85%
↑ 4.46%
Q4 FY23Q/Q Change
Revenue
$79.1M
↑ 48.16%
Net Income
$13.7M
↓ 21.66%
Net Profit Margin
17.37%
↓ 15.48%
Q1 FY24Q/Q Change
Revenue
$77.4M
↓ 2.12%
Net Income
$16.0M
↑ 16.36%
Net Profit Margin
20.65%
↑ 3.28%
Q2 FY24Q/Q Change
Revenue
$78.9M
↑ 1.82%
Net Income
$18.5M
↑ 15.87%
Net Profit Margin
23.5%
↑ 2.85%
Q3 FY24Q/Q Change
Revenue
$77.8M
↓ 1.28%
Net Income
$13.8M
↓ 25.46%
Net Profit Margin
17.74%
↓ 5.76%
FY18Y/Y Change
Profit
$153.0M
↑ 19.13%
FY19Y/Y Change
Profit
$164.1M
↑ 7.27%
FY20Y/Y Change
Profit
$197.5M
↑ 20.37%
FY21Y/Y Change
Profit
$199.0M
↑ 0.77%
FY22Y/Y Change
Profit
$204.6M
↑ 2.78%
FY23Y/Y Change
Profit
$294.6M
↑ 43.99%
Q2 FY23Q/Q Change
Profit
$52.1M
↑ 9.98%
Q3 FY23Q/Q Change
Profit
$53.4M
↑ 2.51%
Q4 FY23Q/Q Change
Profit
$79.1M
↑ 48.16%
Q1 FY24Q/Q Change
Profit
$77.2M
↓ 2.45%
Q2 FY24Q/Q Change
Profit
$81.6M
↑ 5.77%
Q3 FY24Q/Q Change
Profit
$83.2M
↑ 1.94%
FY18Y/Y Change
Operating Cash Flow
$44.9M
↑ 16.35%
Investing Cash Flow
$-183.4M
↓ 33.94%
Financing Cash Flow
$154.0M
↓ 26.87%
FY19Y/Y Change
Operating Cash Flow
$34.0M
↓ 24.36%
Investing Cash Flow
$-181.6M
↓ 0.94%
Financing Cash Flow
$142.7M
↓ 7.29%
FY20Y/Y Change
Operating Cash Flow
$58.2M
↑ 71.2%
Investing Cash Flow
$-553.4M
↑ 204.66%
Financing Cash Flow
$548.6M
↑ 284.4%
FY21Y/Y Change
Operating Cash Flow
$110.2M
↑ 89.36%
Investing Cash Flow
$-563.1M
↑ 1.75%
Financing Cash Flow
$443.7M
↓ 19.13%
FY22Y/Y Change
Operating Cash Flow
$94.6M
↓ 14.09%
Investing Cash Flow
$-424.6M
↓ 24.59%
Financing Cash Flow
$294.9M
↓ 33.54%
Q2 FY23Q/Q Change
Operating Cash Flow
$9.8M
↓ 58.45%
Investing Cash Flow
$-82.4M
↓ 1823.2%
Financing Cash Flow
$-25.2M
↓ 120.31%

Independent Bank- Mich Technicals Summary

Sell

Neutral

Buy

Independent Bank- Mich is currently not in a favorable trading position ( SELL ) according to technical analysis indicators.

Independent Bank- Mich Vs Peers

Company Name1 Month6 Month1 Year3 Years5 Years
Independent Bank Corp - Mich
-7.44%
30.94%
34.3%
37.02%
54.43%
Icici Bank Ltd.
-5.28%
0.07%
23.17%
34.62%
94.19%
Pnc Financial Services Group, Inc.
-4.34%
21.13%
24.19%
-12.06%
21.65%
U.s. Bancorp
-4.77%
22.55%
11.15%
-20.37%
-14.37%
Truist Financial Corp
-5.77%
13.34%
16.05%
-32.46%
-21.5%
Mizuho Financial Group, Inc.
-2.37%
15.38%
37.5%
80.0%
59.68%
Company NameP/E RatioP/B RatioPEG RatioEPSROEROADiv YieldBVPS
Independent Bank Corp - Mich
11.85
11.85
2.33
3.05
0.15
0.01
0.03
21.65
Icici Bank Ltd.
19.39
19.39
0.0
1.52
0.19
0.02
0.01
397.44
Pnc Financial Services Group, Inc.
16.32
16.32
1.9
13.41
0.1
0.01
0.03
124.56
U.s. Bancorp
14.72
14.72
1.17
3.91
0.1
0.01
0.04
33.35
Truist Financial Corp
8.99
NA
1.94
3.69
-0.1
-0.01
0.05
44.46
Mizuho Financial Group, Inc.
11.64
11.64
1.07
0.0
0.07
0.0
0.03
4037.29
Company NameAnalyst ViewMarket Cap5 Years Return %PE RatioProfit Margin
Independent Bank Corp - Mich
Hold
$727.7M
54.43%
11.85
29.81%
Icici Bank Ltd.
Buy
$105.6B
94.19%
19.39
28.91%
Pnc Financial Services Group, Inc.
Buy
$76.5B
21.65%
16.32
25.11%
U.s. Bancorp
Hold
$74.6B
-14.37%
14.72
22.02%
Truist Financial Corp
Buy
$57.6B
-21.5%
8.99
-10.68%
Mizuho Financial Group, Inc.
Buy
$62.4B
59.68%
11.64
21.91%

About Independent Bank- Mich

independent bank is a michigan-based bank that's been operated locally for more than 150 years. in 1864 we were founded as first national bank of ionia; we now have locations across the lower peninsula and we’re the fifth largest bank headquartered in michigan. but in one way we’ve never changed – people are always our first priority. we’re committed to providing exceptional service and value to our customers, our stockholders, and our communities. after 150 years of local banking, we understand the needs of individuals, families, and businesses around the state – and we’re committed to addressing them. we support local causes and our employees serve their communities’ human services agencies, arts and cultural organizations, school systems, places of worship, and more. we’re your friends and neighbors, locally invested the same way you are. we’re a full-service bank that provides a wide range of competitive banking products, services, and technology. visit us at independentbank.com fo
Organization
Independent Bank- Mich
Employees
741
CEO
Mr. William Bradford Kessel CPA
Industry
Finance

Management People of Independent Bank- Mich

NameTitle
Mr. William Bradford Kessel CPA
President, CEO & Director
Mr. Gavin A. Mohr
CFO, Executive VP, Treasurer & Corporate Secretary
Mr. Larry Russ Daniel Jr.
Executive Vice President of Operations & Retail Banking
Ms. Stefanie M. Kimball
Executive VP & Chief Risk Officer
Mr. Patrick J. Ervin
Executive Vice President of Mortgage Banking
Mr. James J. Twarozynski
Senior VP, Chief Accounting Officer & Controller
Ms. Laurinda M. Neve
Senior Vice President of Human Resources
Mr. Joel F. Rahn
Executive VP of Commercial Lending & Chief Lending Officer
Ms. Darcy J. Benjamin
Accounting Officer

Important FAQs about investing in Independent Bank- Mich from India :

What is Independent Bank- Mich share price today?

Independent Bank- Mich share price today stands at $34.22, Open: $34.53 ; Previous Close: $34.52 ; High: $34.85 ; Low: $34.14 ; 52 Week High: $40.32 ; 52 Week Low: $22.53. The stock opens at $34.53, after a previous close of $34.52. The stock reached a daily high of $34.85 and a low of $34.14, with a 52-week high of $40.32 and a 52-week low of $22.53.

Can Indians buy Independent Bank- Mich shares?

Yes, Indians can invest in the Independent Bank- Mich (IBCP) from India.

With INDmoney, you can buy Independent Bank- Mich at 0 brokerage. The step-by-step process is as follows:

  • Open your zero cost US Stocks account and zero balance IND linked savings a/c (this can be done in less than 3 minutes)
  • Transfer funds to your US Stocks account using your IND linked savings a/c (It takes 24 hours excluding Saturday and Sunday). With INDmoney, you get the best INR USD exchange rates.
  • Once funds are transferred successfully, you can buy Independent Bank- Mich at zero transaction cost.

How can I buy Independent Bank- Mich shares from India?

It is very easy to buy Independent Bank- Mich from India. With INDmoney, you can open a US stocks account in less than 3 minutes. Transfer funds in 24 hours and buy stocks very easily - that too at 0 brokerage. All this is done at 0 account opening & management fee, 0 brokerages, and at the same time you get the best rupee-US dollar exchange rate.

Can Fractional shares of Independent Bank- Mich be purchased?

Yes, you can buy fractional shares of Independent Bank- Mich with INDmoney app.

What are the documents required to start investing in Independent Bank- Mich stocks?

To start investing in Independent Bank- Mich, You will need the following documents:

  • Proof of Identification (PAN, Aadhaar etc)
  • Proof of address (Aadhaar, Voter ID etc)

These documents are required as per RBI's guidelines to create your IND linked savings a/c so that you can execute for global fund transfer. The entire process is paperless and can be completed seamlessly.

What are today’s High and Low prices of Independent Bank- Mich

Today’s highest price of Independent Bank- Mich (IBCP) is $34.85.

Today’s lowest price of Independent Bank- Mich (IBCP) is $34.14.

What is today's market capitalisation of Independent Bank- Mich

Today's market capitalisation of Independent Bank- Mich IBCP is 727.7M

What is the 52 Week High and Low Range of Independent Bank- Mich

  • 52 Week High

    $40.32

  • 52 Week Low

    $22.53

What are the historical returns of Independent Bank- Mich?

  • 1 Month Returns

    -7.44%

  • 3 Months Returns

    30.94%

  • 1 Year Returns

    34.3%

  • 5 Years Returns

    54.43%

Who is the Chief Executive Officer (CEO) of Independent Bank- Mich

Mr. William Bradford Kessel CPA is the current Chief Executive Officer (CEO) of Independent Bank- Mich.