IBCP vs. EQBK, MSBI, CPF, HBNC, CCB, TRST, CATC, HTBK, BFST, and MCBC
Should you be buying Independent Bank stock or one of its competitors? The main competitors of Independent Bank include Equity Bancshares (EQBK), Midland States Bancorp (MSBI), Central Pacific Financial (CPF), Horizon Bancorp (HBNC), Coastal Financial (CCB), TrustCo Bank Corp NY (TRST), Cambridge Bancorp (CATC), Heritage Commerce (HTBK), Business First Bancshares (BFST), and Macatawa Bank (MCBC). These companies are all part of the "state commercial banks" industry.
Independent Bank (NASDAQ:IBCP) and Equity Bancshares (NASDAQ:EQBK) are both small-cap finance companies, but which is the better stock? We will compare the two businesses based on the strength of their analyst recommendations, community ranking, valuation, earnings, dividends, institutional ownership, media sentiment, risk and profitability.
79.4% of Independent Bank shares are held by institutional investors. Comparatively, 71.8% of Equity Bancshares shares are held by institutional investors. 5.5% of Independent Bank shares are held by company insiders. Comparatively, 8.0% of Equity Bancshares shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
Independent Bank received 88 more outperform votes than Equity Bancshares when rated by MarketBeat users. Likewise, 55.28% of users gave Independent Bank an outperform vote while only 48.58% of users gave Equity Bancshares an outperform vote.
Independent Bank pays an annual dividend of $0.96 per share and has a dividend yield of 3.8%. Equity Bancshares pays an annual dividend of $0.48 per share and has a dividend yield of 1.4%. Independent Bank pays out 34.4% of its earnings in the form of a dividend. Equity Bancshares pays out 80.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Independent Bank is clearly the better dividend stock, given its higher yield and lower payout ratio.
Equity Bancshares has a consensus price target of $32.67, indicating a potential downside of 2.49%. Given Equity Bancshares' stronger consensus rating and higher possible upside, analysts clearly believe Equity Bancshares is more favorable than Independent Bank.
Independent Bank has higher revenue and earnings than Equity Bancshares. Independent Bank is trading at a lower price-to-earnings ratio than Equity Bancshares, indicating that it is currently the more affordable of the two stocks.
In the previous week, Independent Bank had 3 more articles in the media than Equity Bancshares. MarketBeat recorded 14 mentions for Independent Bank and 11 mentions for Equity Bancshares. Equity Bancshares' average media sentiment score of 0.86 beat Independent Bank's score of 0.14 indicating that Equity Bancshares is being referred to more favorably in the news media.
Independent Bank has a net margin of 20.34% compared to Equity Bancshares' net margin of 3.88%. Independent Bank's return on equity of 16.28% beat Equity Bancshares' return on equity.
Independent Bank has a beta of 0.97, suggesting that its share price is 3% less volatile than the S&P 500. Comparatively, Equity Bancshares has a beta of 0.89, suggesting that its share price is 11% less volatile than the S&P 500.
Summary
Independent Bank beats Equity Bancshares on 13 of the 20 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding IBCP and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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