$0.71 -0.04 (-5.33%)
11/23/2009 4:00 PM

Independent Bank Corp(MI) (IBCP)

CAPS Rating: 1 out of 5

A bank holding company whose subsidiaries provide commercial banking, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending and safe deposit box services.

Results 1 - 5 of 5

Recs

1
Member Avatar mninmich (< 20) Submitted: 7/25/2008 4:24:34 PM : Outperform Start Price: $7.15 IBCP Score: -81.18

Great little Michigan bank, solid reputation and business practices in my experiences.

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Recs

0
Member Avatar soundsound (< 20) Submitted: 6/10/2008 12:46:44 PM : Outperform Start Price: $4.81 IBCP Score: -69.38

I am going to go against the current here.

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Recs

1
Member Avatar SleazyD (< 20) Submitted: 2/28/2008 6:34:19 PM : Underperform Start Price: $9.63 IBCP Score: +77.80

These guys are nothing too special, and the entire sector is taking a bath. I don't expect them to pull a rabbit out of their hats.

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Recs

2
Member Avatar darkflame (96.87) Submitted: 4/27/2007 8:56:52 PM : Outperform Start Price: $15.26 IBCP Score: -73.64

1. Low P/E
2. Insiders buying.
3. Several value investors buying
4. High dividend yield.
5. High insider ownership - 11%

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Recs

3
Member Avatar hirshey (96.38) Submitted: 3/23/2007 11:09:12 AM : Underperform Start Price: $18.67 IBCP Score: +77.88

Earnings growth is drastically decreasing and revenue growth is steady at best. Margins are shrinking and the profitability will continue to decrease until sales and innovation take place for this bank. It was overvalued a few months ago and the value catch-up still hasn't taken place. Valuation price targets indicate only $21-22, leaving no room for growth this year.

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Results 1 - 5 of 5

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