7 Undervalued Banks Stocks for Wednesday, March 04
Discover the top 7 undervalued Banks stocks for Wednesday, March 04 based on AAII’s Stock Grades.Jenna Brashear
A+ Stock Grade Summary:
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COMPANY SUMMARY
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts. It also provides consumer loans that consists of real estate loans comprising residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans; and investment and financial services. In addition, the company offers cash management; investment management and trust services; additional services, such as estate settlement, financial planning, tax services, and other special services; sale of mutual fund shares, unit investment trust shares, third party model portfolios, general securities, and fixed and variable annuities, as well as life insurance products; debit and credit card; safe deposit box services; automatic teller machines; and internet and mobile banking services. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
Commentary & Analysis
6 Undervalued Banks Stocks for Wednesday, November 26
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4 Undervalued Banks Stocks for Thursday, September 11
Discover the top 4 undervalued Banks stocks for Thursday, September 11 based on AAII’s Stock Grades.Omar Beirat
5 Undervalued Banks Stocks for Monday, June 24
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Is Independent Bank Corp (Michigan) (IBCP) a Good Dividend Stock?
Learn more about Independent Bank Corp (Michigan)'s (IBCP) dividend history and yield. Also, check out how they are graded based on valuation, growth and strength.Jack Gilleland
Financial Summary
| Share Statistics | IBCP | Industry Median |
Percentile (All Stocks) |
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| Market Cap (Mil) | $787.0 | $716.9 | 42% |
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| Shares Out (Mil) | 20.8 | 15.7 | 31% |
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| Institutional Ownership | 96.9% | 83.0% | 72% |
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| Float (Mil) | 20.0 | 21.2 | 29% |
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| Beta | 0.70 | 0.48 | 41% |
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| Avg Daily Volume (000s) | 227 | 53 | 46% |
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| Price Change (52-week) |
22.6% | 96.7% | 63% |
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| Growth | IBCP | Industry Median |
Percentile (All Stocks) |
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| Sales (5yr) | 2.7% | 7.6% | 26% |
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| Net Income (5yr) | 4.0% | 11.1% | 45% |
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| EPS (5yr) | 5.3% | 10.1% | 38 |
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| Dividends (5yr) | 5.4% | 3.6% | 80% |
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| Cash Flow (5yr) | (18.2%) | (17.0%) | 38% |
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| Estimates | Qtrly | Current Fiscal Year |
Next Fiscal Year |
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| # of Estimates | 5 | 5 | 5 | |
| Current EPS | $0.948 | $3.572 | $3.880 | |
| Month Ago EPS | $0.928 | $3.552 | $3.828 | |
| # Rev Up | 1 | 1 | 1 | |
| # Rev Down | 0 | 0 | 0 | |
| Three Months Ago EPS | $0.928 | $3.552 | $3.828 | |
| Year/Year Chg | 17.0% | 9.2% | na | |
| Financials | IBCP | Industry Median |
Percentile (All Stocks) |
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| Sales (TTM) (Mil) | $225 | $190 | 33% |
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| Net Income (TTM) (Mil) | $70 | $51 | 58% |
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| EPS (TTM) | $3.379 | $2.500 | 81% |
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| Operating Cash Flow (TTM) (Mil) | $48 | $34 | 47% |
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| Net Cash Flow (TTM) (Mil) | $47 | $1 | 70% |
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| Long-Term Debt (Q1) (Mil) | $73 | $100 | 42% |
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| Enterprise Value (Q1) (Mil) | na | $0 | na |
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| Valuation | IBCP | Industry Median |
Percentile (All Stocks) |
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| P/B | 1.54 | 1.27 | 40% |
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| P/E | 11.4 | 12.9 | 21% |
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| Dividend Yield | 2.9% | 2.2% | 84% |
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| PEG (5yr hist) | 2.2 | 1.1 | 69% |
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| Ratios | IBCP | Industry Median |
Percentile (All Stocks) |
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| Gross Margin | na | 68.8% | na |
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| Net Margin | 31.1% | 28.9% | 90% |
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| ROA | 1.3% | 1.0% | 50% |
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| ROE | 14.3% | 11.1% | 70% |
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| Liabilities to Assets | 90.8% | 89.8% | 87% |
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| F-Score | 5 | 4 | 51% |
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Passing Stock Screens
As of 7/31/2026, from a list of 60 stock screening strategies,
GURU STRATEGY
Graham--Defensive Investor (Utility) Screen
Factors: Yield, Value, Quality, Industry/Sector
Graham's approach leads to three separate screens that focus on the concept of intrinsic value, justified by a firm's financial strength.
| Performance Since Inception: | 6.9% |
| +/- S&P 500: | -0.6 |
GURU STRATEGY
Lakonishok Screen
Factors: Value, Momentum
Identifying stocks trading at a discount to their industry norms but showing recent price strength and upward earnings revisions.
| Performance Since Inception: | 13.2% |
| +/- S&P 500: | +5.7 |
FACTOR STRATEGY
P/E Relative Screen
Factors: Value, Earnings Estimates
A screen that looks at the relationship of a stock's price-earnings ratio to that of the industry and market.
| Performance Since Inception: | 13.7% |
| +/- S&P 500: | +6.2 |
