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IBCP
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
444.73M

IBCP Independent Bank Corp Forecast, Technical & Fundamental Analysis

a regional bank

Industry RegionalBanks
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for IBCP with price predictions
07:00 PM EST Nov 29, 2023

IBCP in downward trend: price may drop because broke its higher Bollinger Band on November 03, 2023

IBCP broke above its upper Bollinger Band on November 03, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 37 similar instances where the stock broke above the upper band. In of the 37 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for IBCP moved out of overbought territory on November 21, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 26 similar instances where the indicator moved out of overbought territory. In of the 26 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 58 cases where IBCP's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on November 29, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on IBCP as a result. In of 99 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for IBCP turned negative on November 24, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where IBCP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

IBCP moved above its 50-day moving average on October 26, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for IBCP crossed bullishly above the 50-day moving average on October 30, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

The 50-day moving average for IBCP moved above the 200-day moving average on November 03, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IBCP advanced for three days, in of 269 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 182 cases where IBCP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. IBCP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.181) is normal, around the industry mean (1.010). P/E Ratio (7.485) is within average values for comparable stocks, (17.403). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.349). Dividend Yield (0.043) settles around the average of (0.045) among similar stocks. P/S Ratio (2.205) is also within normal values, averaging (2.568).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock slightly better than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are US Bancorp (NYSE:USB), Itau Unibanco Holding SA (NYSE:ITUB), PNC Financial Services Group (NYSE:PNC), Banco Bradesco SA (NYSE:BBD), Deutsche Bank Aktiengesellschaft (NYSE:DB), Huntington Bancshares (NASDAQ:HBAN), Regions Financial Corp (NYSE:RF), KeyCorp (NYSE:KEY), Veritex Holdings (NASDAQ:VBTX).

Industry description

Regional banks have a smaller reach than major banks, and cater mostly to one region of a country, such as a state or within a group of states. They offer services often similar – albeit with some limitations/smaller scale – compared to major banks. Taking deposits, making loans, mortgages, leases, credit cards , fund management, insurance and investment banking. SunTrust Banks, State Street Corp., M&T Bank Corp. are some examples of U.S. regional banks.

Market Cap

The average market capitalization across the Regional Banks Industry is 5.55B. The market cap for tickers in the group ranges from 10.73K to 139.25B. HDB holds the highest valuation in this group at 139.25B. The lowest valued company is ACBCQ at 10.73K.

High and low price notable news

The average weekly price growth across all stocks in the Regional Banks Industry was 1%. For the same Industry, the average monthly price growth was 5%, and the average quarterly price growth was 5%. SUPV experienced the highest price growth at 42%, while FSTF experienced the biggest fall at -72%.

Volume

The average weekly volume growth across all stocks in the Regional Banks Industry was -19%. For the same stocks of the Industry, the average monthly volume growth was -39% and the average quarterly volume growth was -58%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 65
Price Growth Rating: 54
SMR Rating: 37
Profit Risk Rating: 80
Seasonality Score: 8 (-100 ... +100)
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A.I. Advisor
published Earnings

IBCP is expected to report earnings to fall 18.07% to 68 cents per share on January 25

Independent Bank Corp IBCP Stock Earnings Reports
Q4'23
Est.
$0.68
Q3'23
Beat
by $0.20
Q2'23
Beat
by $0.11
Q1'23
Est.
$0.61
Q4'22
Missed
by $0.03
The last earnings report on October 24 showed earnings per share of 82 cents, beating the estimate of 62 cents. With 126.86K shares outstanding, the current market capitalization sits at 444.73M.
A.I.Advisor
published Dividends

IBCP paid dividends on November 13, 2023

Independent Bank Corp IBCP Stock Dividends
А dividend of $0.23 per share was paid with a record date of November 13, 2023, and an ex-dividend date of November 02, 2023. Read more...
A.I. Advisor
published General Information

General Information

a regional bank

Industry RegionalBanks

Profile
Fundamentals
Details
Industry
Regional Banks
Address
4200 East Beltline
Phone
+1 616 527-5820
Employees
916
Web
https://www.independentbank.com
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IBCP and

Correlation & Price change

A.I.dvisor indicates that over the last year, IBCP has been closely correlated with ABCB. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if IBCP jumps, then ABCB could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To IBCP
1D Price
Change %
IBCP100%
-0.37%
ABCB - IBCP
83%
Closely correlated
-0.14%
HOPE - IBCP
83%
Closely correlated
-1.01%
HBNC - IBCP
82%
Closely correlated
-2.07%
LBAI - IBCP
81%
Closely correlated
-0.48%
FRME - IBCP
80%
Closely correlated
-0.45%
More

Groups containing IBCP

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To IBCP
1D Price
Change %
IBCP100%
-0.37%
IBCP
(undefined stocks)
87%
Closely correlated
-0.67%
banks
(undefined stocks)
83%
Closely correlated
-0.36%
regional banks
(undefined stocks)
83%
Closely correlated
-0.39%