Searching For Real Value In Market Debris At Independent Bank Corporation (Ionia, MI) (NASDAQ: IBCP)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

Stocks Info

As a NASDAQ listed company, IBCP falls under the Financial sector while operating within the Banks – Regional industry segment. The current market capitalization of Independent Bank Corporation (Ionia, MI) is $631.70M. A total of 0.13 million shares were traded on the day, compared to an average of 122.37K shares.

In the most recent transaction, Daniel Larry R Jr bought 2,784 shares of IBCP for 37.80 per share on Dec 04 ’24. In a previous transaction on Dec 03 ’24, Ervin Patrick J bought 275 shares at 37.94 per share. IBCP shares that Executive Vice President owns now total 34,813.

Among the insiders who sold shares, Daniel Larry R Jr disposed of 3,851 shares on Nov 25 ’24 at a per-share price of $39.15. This resulted in the Executive Vice President holding 20,784 shares of IBCP after the transaction. In another insider transaction, Daniel Larry R Jr bought 3,851 shares at $40.00 per share on Nov 25 ’24.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Independent Bank Corporation (Ionia, MI) pays an annual dividend of $0.98, resulting in a dividend yield of 3.25%, and it has a price to earnings (P/E) ratio of 9.52. IBCP’s most recent ex-dividend date was 3.15% when it declared a $0.26 quarterly dividend that was paid in cash on 2/4/2025. Previously, the company paid the dividend on 11/5/2024 with an ex-dividend date of 2.86%. The IBCP stock dividend was $0.24 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, IBCP has a high of $40.32 and a low of $22.53.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $21.76, while its Total Shareholder’s Equity was $398.48M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IBCP is Buy with a score of 3.00.

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