IBT Bancorp Inc. is an AMEX listed security that has been trading in a range between $17.95 and $23.00 over the past year. With 5,882,040 shares outstanding, a recent price of $18.45 gives a total market capitalization of $106,464,926. While there are certainly larger companies, IBT Bancorp Inc. has definitely earned its place in the pack. Last year, IBT Bancorp Inc. created $1.35 in earnings for every share outstanding.
IBT Bancorp Inc. is currently priced by the market at 13.40 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share in excess of $1 a share, IBT Bancorp Inc. could be an interesting value proposition.
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