IBCP
Independent Bank Corp (Michigan)
Price:  
34.36 
USD
Volume:  
71,711.00
United States | Banks
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IBCP Relative Valuation

31.0%
Upside

As of 2025-07-11, the Relative Valuation of Independent Bank Corp (Michigan) (IBCP) is 45.00 USD. This relative valuation is based on P/E multiples. With the latest stock price at 34.36 USD, the upside of Independent Bank Corp (Michigan) based on Relative Valuation is 31.0%.

The range of the Relative Valuation is 36.46 - 49.83 USD.

Range Selected
Trailing P/E multiples 11.4x - 14.6x 13.0x
Forward P/E multiples 13.9x - 14.8x 14.4x
Fair Price 36.46 - 49.83 45.00
Upside 6.1% - 45.0% 31.0%
34.36 USD
Stock Price
45.00 USD
Fair Price

IBCP Relative Valuation - Historical P/E Data

Date P/E
2025-07-09 10.62
2025-07-08 10.68
2025-07-07 10.59
2025-07-03 10.80
2025-07-02 10.53
2025-07-01 10.49
2025-06-30 10.12
2025-06-27 10.18
2025-06-26 10.06
2025-06-25 9.84
2025-06-24 9.84
2025-06-23 9.77
2025-06-20 9.49
2025-06-18 9.48
2025-06-17 9.42
2025-06-16 9.43
2025-06-13 9.54
2025-06-12 9.80
2025-06-11 9.88
2025-06-10 9.95
2025-06-09 9.86
2025-06-06 9.81
2025-06-05 9.63
2025-06-04 9.70
2025-06-03 9.89
2025-06-02 9.74
2025-05-30 9.84
2025-05-29 9.91
2025-05-28 9.84
2025-05-27 10.01
2025-05-23 9.81
2025-05-22 9.86
2025-05-21 9.93
2025-05-20 10.16
2025-05-19 10.13
2025-05-16 10.12
2025-05-15 10.23
2025-05-14 10.02
2025-05-13 10.14
2025-05-12 10.11
2025-05-09 9.87
2025-05-08 9.95
2025-05-07 9.71
2025-05-06 9.71
2025-05-05 9.78
2025-05-02 9.83
2025-05-01 9.57
2025-04-30 9.51
2025-04-29 9.69
2025-04-28 9.62