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Independent Bank Corporation
IBCPIndependent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts. It also provides consumer loans that consists of real estate loans comprising residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans; and investment and financial services. In addition, the company offers cash management; investment management and trust services; additional services, such as estate settlement, financial planning, tax services, and other special services; sale of mutual fund shares, unit investment trust shares, third party model portfolios, general securities, and fixed and variable annuities, as well as life insurance products; debit and credit card; safe deposit box services; automatic teller machines; and internet and mobile banking services. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan. Address: 4200 East Beltline, Grand Rapids, MI, United States, 49525
Analytics
WallStreet Target Price
34.80 USDP/E ratio
9.89Dividend Yield
3.35 %Current Year
Last Year
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Key Figures IBCP
Dividend Analytics IBCP
Max Ratio
>10 - expected double digit dividend yield on cost over 10Y >5 - expected 5-9 dividend yield on cost over 10Y <5 - expected <5 dividend yield on cost over 10Y MaxRatio is an estimated 10Y dividend yield on cost calculated by combining the current dividend yield with the 5-year & 10-year average dividend growth rate, projected over the next 10 years discounted based on current Financial Score. It provides a projected outlook on future dividend returns.
11.31 %5Y Dividend Growth
34.00 %Consecutive Years
11 years5Y Average Payout Ratio
30.73 %Dividend History IBCP
Stock Valuation IBCP
Financials IBCP
Results | 2019 | Dynamics |