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Independent Bank Corp (IBCP)
State Commercial Banks
Latest Price
$36.57
TTM P/E
10.66
Normalized P/E
11.99
TTM Div Yield
2.95%
Fwd Div Yield
2.95%
Book Value
25.64
P/B Ratio
1.43
Valuation metrics
adjust assumptions →EPS: $3.27
Target P/E: 12×
Formula: EPS × P/E
P/E Fair Value
$39.24
+6% upside
Institutional Ownership
86.2% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 2.98M | $107.0M | 14.49% | +91.9K | 2026-06-30 |
| Dimensional Fund Advisors LP | 890.4K | $32.0M | 4.32% | +29.3K | 2026-06-30 |
| Vanguard Capital Management LLC | 879.6K | $31.0M | 4.27% | -25.6K | 2026-06-30 |
| State Street Corp | 824.5K | $29.0M | 4.00% | +111.3K | 2026-06-30 |
| American Century Companies Inc | 781.0K | $28.0M | 3.79% | +67.7K | 2026-06-30 |
| Sixth Street Partners Management Company, L.P. | 697.7K | $25.0M | 3.39% | -- | 2026-06-30 |
| Charles Schwab Investment Management Inc | 697.7K | $25.0M | 3.39% | +74.7K | 2026-06-30 |
| Renaissance Technologies LLC | 617.5K | $22.0M | 3.00% | +35.2K | 2026-06-30 |
| Geode Capital Management, LLC | 537.7K | $19.0M | 2.61% | +34.2K | 2026-06-30 |
| Goldman Sachs Group Inc | 416.0K | $15.0M | 2.02% | -127.2K | 2026-06-30 |