Independent Bank is a bank holding company. Through its subsidiary, Independent Bank (the bank), Co. transacts business in the single industry of commercial banking. Co. provides banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. Co.'s bank does not provide trust services. Co.'s principal markets are the rural and suburban communities across Lower Michigan. Majority of Co.'s bank's branches provide lobby and drive-thru services, as well as automatic teller machines. Co. also provides internet and mobile banking capabilities to its customers. We show 55 historical shares outstanding datapoints in our IBCP shares outstanding history coverage, used to compute IBCP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing IBCP market cap history over the course of time is important for investors
interested in comparing IBCP's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of IBCP versus a peer is one thing; comparing
IBCP market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like IBCP can fluctuate over the course of history.
With this page we aim to empower investors researching IBCP by allowing them to research the IBCP market cap history. |
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Video: The Importance of Market Cap
