A share price of Independent Bank Corporation (Ionia, MI) [IBCP] is currently trading at $34.6, up 2.52%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The IBCP shares have gain 7.32% over the last week, with a monthly amount glided 9.15%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Keefe Bruyette downgraded its rating to Mkt Perform on December 13, 2022, and kept the price target unchanged to $26. DA Davidson downgraded its rating to a Neutral and decreased its price target to $24 on January 17, 2020. DA Davidson initiated its recommendation with a Neutral and recommended $23 as its price target on July 06, 2017. Hovde Group started tracking with a Market Perform rating for this stock on September 23, 2016, and assigned it a price target of $17.50. In a note dated August 11, 2015, FIG Partners downgraded an Market Perform rating on this stock.
Independent Bank Corporation (Ionia, MI) experienced fluctuations in its stock price throughout the past year between $25.46 and $40.32. Currently, Wall Street analysts expect the stock to reach $35.5 within the next 12 months. Independent Bank Corporation (Ionia, MI) [NASDAQ: IBCP] shares were valued at $34.6 at the most recent close of the market. An investor can expect a potential return of 2.6% based on the average IBCP price forecast.
Analyzing the IBCP fundamentals
Trailing Twelve Months sales for Independent Bank Corporation (Ionia, MI) [NASDAQ:IBCP] were 319.47M which represents -1.15% decline. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.15 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.27.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 33.84 points at the first support level, and at 33.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.03, and for the 2nd resistance point, it is at 35.45.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Independent Bank Corporation (Ionia, MI) [NASDAQ:IBCP] is 0.15. Considering the valuation of this stock, the price to sales ratio is 2.24, the price to book ratio is 1.55 and price to earnings (TTM) ratio is 11.01.
Transactions by insiders
Recent insider trading involved Beia Terance L, Director, that happened on Jun 13 ’25 when 1821.0 shares were purchased. Director, MAGEE MICHAEL M JR completed a deal on Apr 29 ’25 to sell 6404.0 shares. Meanwhile, Director MAGEE MICHAEL M JR bought 6564.0 shares on Apr 29 ’25.
