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Independent Bank Corporation Message Board

  • tpesco tpesco Mar 28, 2013 9:57 AM Flag

    A $14 price analysis....

     

    Earnings in the 4th quarter were good ($.36) - for a full year that would be $1.44. At a PE of 10, that equates to a $14.40 stock price. IBCP's ROA is just shy of 1% which is good for a bank. The good 4th Q income is the result of lowering the provision for loan losses. They are getting healthier.

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IBCP
12.91-0.01(-0.08%)Dec 24 1:00 PMEST

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