Is Independent Bank Corporation overvalued?

Independent Bank Corporation (IBCP) looks undervalued — trading about 50% below its fair value.

Undervalued

Price

$36.74

Fair value

$54.97

Current P/E

11.0

Normal P/E

16.4

Market cap

$811.2M

Dividend yield

3.1%

Return on equity

13.6%

Sector

Financial Services

Fair value compares IBCP's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 12 Nov 2026.

Related stocks