Independent Bank Corp. (Michigan)

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  "main_header": {
    "sid": 1155924,
    "name": "Independent Bank Corp. (Michigan)",
    "stock_name": "Independent Bank Corp. (Michigan)",
    "full_name": "Independent Bank Corp. (Michigan)",
    "name_url": "stocks-analysis/independent-bank-corp-michigan",
    "exchange": 210,
    "exchangecode": "NAS",
    "country_id": 2,
    "currency": "USD",
    "cmp": "34.70",
    "chg": -0.69,
    "chgp": "-1.94%",
    "dir": -1,
    "prev_price": "35.39",
    "mcapval": "725.25",
    "mcap": "Micro Cap",
    "scripcode": "",
    "symbol": "",
    "ind_name": "Regional Banks",
    "ind_code": 4810,
    "indexname": "S&P 500",
    "isin": "US4538386099",
    "curr_date": "Jan 23",
    "curr_time": "",
    "bse_nse_vol": "284.55 k",
    "exc_status": "Active",
    "traded_date": "Jan 23, 2026",
    "traded_date_str": "2026 01 23",
    "score": "",
    "scoreText": "",
    "Live": 0,
    "market_time": 0,
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  "news": {
    "results": [
      {
        "title": "Is Independent Bank Corp. (Michigan) overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-independent-bank-corp-michigan-overvalued-or-undervalued-3738224",
        "imagepath": "",
        "date": "2025-12-01 11:05:00",
        "description": "As of 28 November 2025, the valuation grade for Independent Bank Corp. (Michigan) moved from fair to expensive. The company is currently overvalued, as indicated by a P/E ratio of 10, which is lower than its peers like Camden National Corp. at 11.68 and South Plains Financial, Inc. at 12.14. Additionally, the Price to Book Value stands at 1.39, and the EV to EBITDA ratio is 7.35, both suggesting a premium compared to its industry benchmarks.\n\nDespite a recent positive performance with a 3.78% return over the past week, the stock has underperformed the S&P 500 significantly over the year, with a return of -13.94% compared to the S&P 500's 14.18%. This trend reinforces the notion that the stock is overvalued in the current market context...."
      },
      {
        "title": "Is Independent Bank Corp. (Michigan) overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-independent-bank-corp-michigan-overvalued-or-undervalued-3737252",
        "imagepath": "",
        "date": "2025-11-30 11:05:33",
        "description": "As of 28 November 2025, the valuation grade for Independent Bank Corp. (Michigan) moved from fair to expensive, indicating that the company is overvalued. Key valuation ratios include a P/E ratio of 10, a Price to Book Value of 1.39, and an EV to EBITDA of 7.35. In comparison, Camden National Corp. (Maine) has a P/E of 11.68, while South Plains Financial, Inc. (Texas) has a P/E of 12.14, suggesting that Independent Bank Corp. is trading at a discount relative to its peers.\n\nDespite a recent positive return of 3.78% over the past week compared to the S&P 500's 3.73%, the year-to-date performance shows a decline of 6.26% against the S&P 500's gain of 16.45%. This further reinforces the notion that the stock may be overvalued in the current market environment...."
      }
    ],
    "total": 11,
    "sid": "1155924",
    "stock_news_url": "https://www.marketsmojo.com/news/independent-bank-corp-michigan-1155924"
  },
  "announcements": "",
  "corporate_actions": {
    "msg": "No corporate action Found"
  }
}

News and Views

Is Independent Bank Corp. (Michigan) overvalued or undervalued?

2025-12-01 11:05:00

As of 28 November 2025, the valuation grade for Independent Bank Corp. (Michigan) moved from fair to expensive. The company is currently overvalued, as indicated by a P/E ratio of 10, which is lower than its peers like Camden National Corp. at 11.68 and South Plains Financial, Inc. at 12.14. Additionally, the Price to Book Value stands at 1.39, and the EV to EBITDA ratio is 7.35, both suggesting a premium compared to its industry benchmarks. Despite a recent positive performance with a 3.78% return over the past week, the stock has underperformed the S&P 500 significantly over the year, with a return of -13.94% compared to the S&P 500's 14.18%. This trend reinforces the notion that the stock is overvalued in the current market context....

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Is Independent Bank Corp. (Michigan) overvalued or undervalued?

2025-11-30 11:05:33

As of 28 November 2025, the valuation grade for Independent Bank Corp. (Michigan) moved from fair to expensive, indicating that the company is overvalued. Key valuation ratios include a P/E ratio of 10, a Price to Book Value of 1.39, and an EV to EBITDA of 7.35. In comparison, Camden National Corp. (Maine) has a P/E of 11.68, while South Plains Financial, Inc. (Texas) has a P/E of 12.14, suggesting that Independent Bank Corp. is trading at a discount relative to its peers. Despite a recent positive return of 3.78% over the past week compared to the S&P 500's 3.73%, the year-to-date performance shows a decline of 6.26% against the S&P 500's gain of 16.45%. This further reinforces the notion that the stock may be overvalued in the current market environment....

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