IBCP
Independent Bank Corp (Michigan)
Price:  
25.39 
USD
Volume:  
41,340.00
United States | Banks
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IBCP Relative Valuation

14.8%
Upside

As of 2024-05-28, the Relative Valuation of Independent Bank Corp (Michigan) (IBCP) is 29.16 USD. This relative valuation is based on P/E multiples. With the latest stock price at 25.39 USD, the upside of Independent Bank Corp (Michigan) based on Relative Valuation is 14.8%.

The range of the Relative Valuation is 24.23 - 40.17 USD.

Range Selected
Trailing P/E multiples 8.2x - 10.3x 9.0x
Forward P/E multiples 8.6x - 13.8x 10.8x
Fair Price 24.23 - 40.17 29.16
Upside -4.6% - 58.2% 14.8%
25.39 USD
Stock Price
29.16 USD
Fair Price

IBCP Relative Valuation - Historical P/E Data

Date P/E
2024-05-24 8.55
2024-05-23 8.45
2024-05-22 8.77
2024-05-21 8.85
2024-05-20 8.89
2024-05-17 8.92
2024-05-16 8.83
2024-05-15 8.81
2024-05-14 8.69
2024-05-13 8.70
2024-05-10 8.68
2024-05-09 8.67
2024-05-08 8.59
2024-05-07 8.52
2024-05-06 8.50
2024-05-03 8.49
2024-05-02 8.43
2024-05-01 8.43
2024-04-30 8.35
2024-04-29 8.42
2024-04-26 8.42
2024-04-25 8.48
2024-04-24 8.46
2024-04-23 8.52
2024-04-22 8.25
2024-04-19 8.20
2024-04-18 7.94
2024-04-17 7.81
2024-04-16 7.83
2024-04-15 7.79
2024-04-12 7.84
2024-04-11 7.90
2024-04-10 7.80
2024-04-09 8.26
2024-04-08 8.28
2024-04-05 8.22
2024-04-04 8.16
2024-04-03 8.13
2024-04-02 8.16
2024-04-01 8.29
2024-03-28 8.54
2024-03-27 8.44
2024-03-26 8.13
2024-03-25 8.23
2024-03-22 8.16
2024-03-21 8.33
2024-03-20 8.24
2024-03-19 7.93
2024-03-18 7.92
2024-03-15 8.07