Independent Bank Corporation (IBCP)

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Independent Bank Corporation (IBCP) is up 6.8% since the beginning of the year. At $34 per share, IBCP is trading 12.7% below its 52-week high of $39. Investors who bought $1,000 worth of IBCP shares 5 years ago would now be looking at an investment worth $1,912.

Independent Bank Corporation (IBCP) has returned 6.81% so far this year and 16.28% over the past 12 months. Over the last ten years, IBCP has returned 12.99% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 2, 2001, IBCP's average daily return is +0.19%, while the average monthly return is +4.10%. At this rate, an investment would double in approximately 1.4 years.

Historically, 50% of months were positive and 50% were negative. The best month was Feb 2010 with a return of +913.5%, while the worst month was Jun 2010 at -55.4%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 8 months.

On a daily basis, IBCP closed higher 48% of trading days. The best single day was Feb 2, 2010 with a return of +852.6%, while the worst single day was Mar 18, 2020 at -35.6%.

Independent Bank Corporation has an annualized alpha of 45.18%, beta of 1.18, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since January 02, 2001.

• This stock captured 135.56% of S&P 500 Index gains and 127.38% of its losses - amplifying both gains and losses, but participating more in upside than downside.
• R2 of 0.02 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

IBCP ranks 62 for risk / return — better than 62% of stocks on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Independent Bank Corporation provided a 3.16% dividend yield over the last twelve months, with an annual payout of $1.08 per share. The company has been increasing its dividends for 11 consecutive years.

The table displays the monthly dividend distributions for Independent Bank Corporation. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Independent Bank Corporation. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Independent Bank Corporation was 97.75%, occurring on Dec 1, 2009. Recovery took 2110 trading sessions.

The current Independent Bank Corporation drawdown is 7.91%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of Independent Bank Corporation over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how Independent Bank Corporation is priced in the market compared to other companies in the Banks - Regional industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.