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IBCP vs IGR

IBCP
Independent Bank Corporation
NEUTRAL
Price
$34.67
Market Cap
$713.7M
Sector
Financial Services
AI Confidence
85%
IGR
CBRE Global Real Estate Income Fund
BEARISH
Price
$4.69
Market Cap
$710.1M
Sector
Financial Services
AI Confidence
85%

Valuation

P/E Ratio
IBCP
10.6
IGR
39.08
Forward P/E
IBCP
9.17
IGR
--
P/B Ratio
IBCP
1.42
IGR
1.04
P/S Ratio
IBCP
3.25
IGR
17.38
EV/EBITDA
IBCP
--
IGR
--

Profitability

Gross Margin
IBCP
0.0%
IGR
100.0%
Operating Margin
IBCP
37.55%
IGR
67.38%
Profit Margin
IBCP
31.22%
IGR
41.75%
ROE
IBCP
14.31%
IGR
2.43%
ROA
IBCP
1.26%
IGR
1.8%

Growth

Revenue Growth
IBCP
-5.6%
IGR
-15.3%
Earnings Growth
IBCP
2.4%
IGR
--

Financial Health

Debt/Equity
IBCP
--
IGR
0.48
Current Ratio
IBCP
--
IGR
0.02
Quick Ratio
IBCP
--
IGR
0.02

Dividends

Dividend Yield
IBCP
3.23%
IGR
15.35%
Payout Ratio
IBCP
31.8%
IGR
600.0%

AI Verdict

IBCP NEUTRAL

IBCP presents as a stable but stagnant regional bank, characterized by a Piotroski F-Score of 4/9 (Stable) and a valuation that sits exactly at its intrinsic value of $34.66. While the company maintains a strong track record of earnings beats and a conservative dividend payout ratio of 31.8%, it is currently struggling with negative revenue growth (-5.60% YoY). The stock is fundamentally undervalued relative to its Graham Number ($42.44), but bearish insider activity and a 0/100 technical trend suggest a lack of immediate catalysts for growth.

Strengths
Strong earnings track record with consistent beats over 25 quarters
Attractive valuation with a P/E of 10.60 and trading below the Graham Number
Conservative dividend payout ratio (31.8%) providing high sustainability
Risks
Negative revenue growth both YoY (-5.60%) and Q/Q (-6.42%)
Bearish insider sentiment with recent officer selling
Weak technical trend (0/100) indicating strong downward momentum
IGR BEARISH

Despite a strong Piotroski F-Score of 7/9 indicating operational health, IGR exhibits severe valuation and sustainability concerns. The stock trades at a significant premium to both its Graham Number ($3.48) and Intrinsic Value ($0.84), while revenue is contracting by 15.30% YoY. Most critically, the 600% dividend payout ratio indicates that the 15.35% yield is fundamentally unsustainable and likely funded by capital returns rather than earnings. The combination of negative growth and a disconnected valuation outweighs the strong deterministic health score.

Strengths
Strong Piotroski F-Score (7/9) suggesting good short-term financial health
Manageable Debt/Equity ratio of 0.48
High profit margins (41.75%) and operating margins (67.38%)
Risks
Unsustainable dividend payout ratio of 600%
Negative revenue growth (-15.30% YoY)
Extreme liquidity risk indicated by a Current Ratio of 0.02

Compare Another Pair

IBCP vs IGR: Head-to-Head Comparison

This page compares Independent Bank Corporation (IBCP) and CBRE Global Real Estate Income Fund (IGR) across key fundamental metrics including valuation ratios, profitability margins, growth rates, financial health indicators, and dividend metrics. Each metric highlights the better-performing stock so you can quickly identify relative strengths and weaknesses.

Our AI engine independently analyzes each company's financials, competitive position, and market conditions to produce a verdict (Bullish, Neutral, or Bearish) along with key strengths and risks. Use this comparison alongside your own research to make informed investment decisions.

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