With 0.15 million shares changed hands, the volume of the stock remained heavier than its average volume of 85990.0 shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $33.92 whereas the lowest price it dropped to was $32.87. The 52-week range on IBCP shows that it touched its highest point at $40.32 and its lowest point at $22.53 during that stretch. It currently has a 1-year price target of $37.60. With its current market cap of 703.30 million, IBCP has annualized dividend of $0.96 while the current yield stands at 2.85%. Beta for the stock currently stands at 1.02.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IBCP was down-trending over the past week, with a drop of -3.36%, but this was down by -11.47% over a month. Three-month performance surged to 5.02% while six-month performance rose 25.04%. The stock gained 30.97% in the past year, while it has lost -3.36% so far this year. A look at the trailing 12-month EPS for IBCP yields 2.94 with Next year EPS estimates of 3.04. For the next quarter, that number is 0.76. This implies an EPS growth rate of 0.00% for this year and 0.33% for next year. EPS is expected to grow by 8.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 10.73%.
Float and Shares Shorts:
At present, 20.89 million IBCP shares are outstanding with a float of 19.96 million shares on hand for trading. On 2024-12-13, short shares totaled 0.19 million, which was 89.99999999999999 higher than short shares on 1731628800. In addition to Mr. William Bradford Kessel CPA as the firm’s President, CEO & Director, Mr. Gavin A. Mohr serves as its CFO, Executive VP, Treasurer & Corporate Secretary.
Institutional Ownership:
Through their ownership of 0.86484003 of IBCP’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IBCP since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With IBCP analysts setting a high price target of 41.0 and a low target of 35.0, the average target price over the next 12 months is 38.2. Based on these targets, IBCP could surge 21.81% to reach the target high and rise by 3.98% to reach the target low. Reaching the average price target will result in a growth of 13.49% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.27323 being high and $2.78101 being low. For IBCP, this leads to a yearly average estimate of $3.03.
