Independent Bank Statistics Share Statistics Independent Bank has 20.71M
shares outstanding. The number of shares has increased by -0.84%
in one year.
Shares Outstanding 20.71M Shares Change (YoY) -0.84% Shares Change (QoQ) -1.2% Owned by Institutions (%) 83.1% Shares Floating 19.77M Failed to Deliver (FTD) Shares 22 FTD / Avg. Volume 0.03%
Short Selling Information The latest short interest is 148.8K, so 0.72% of the outstanding
shares have been sold short.
Short Interest 148.8K Short % of Shares Out 0.72% Short % of Float 0.9% Short Ratio (days to cover) 1.84
Valuation Ratios The PE ratio is 10.88 and the forward
PE ratio is 9.26.
Independent Bank's PEG ratio is
0.81.
PE Ratio 10.88 Forward PE 9.26 PS Ratio 2.3 Forward PS 2.7 PB Ratio 1.6 P/FCF Ratio 13.17 PEG Ratio 0.81
Financial Ratio History Enterprise Valuation Independent Bank has an Enterprise Value (EV) of 731.48M.
EV / Sales 2.31 EV / EBITDA 7.86 EV / EBIT 11.58 EV / FCF 13.25
Financial Position The company has a current ratio of 0.03,
with a Debt / Equity ratio of 0.27.
Current Ratio 0.03 Quick Ratio 0.03 Debt / Equity 0.27 Debt / EBITDA 1.34 Debt / FCF 2.25 Interest Coverage 0.83
Financial Efficiency Return on Equity is 14.69% and Return on Invested Capital is 9.76%.
Return on Equity 14.69% Return on Assets 1.25% Return on Invested Capital 9.76% Revenue Per Employee $432.14K Profits Per Employee $91.24K Employee Count 732 Asset Turnover 0.06 Inventory Turnover n/a
Taxes Income Tax 16.26M Effective Tax Rate 19.57%
Stock Price Statistics The stock price has increased by -9.07% in the
last 52 weeks. The beta is 0.85, so Independent Bank's
price volatility has been higher than the market average.
Beta 0.85 52-Week Price Change -9.07% 50-Day Moving Average 32.29 200-Day Moving Average 32.85 Relative Strength Index (RSI) 39.46 Average Volume (20 Days) 84,546
Income Statement In the last 12 months, Independent Bank had revenue of 316.33M
and earned 66.79M
in profits. Earnings per share was 3.2.
Revenue 316.33M Gross Profit 211.68M Operating Income 83.05M Net Income 66.79M EBITDA 93.05M EBIT 83.05M Earnings Per Share (EPS) 3.2
Full Income Statement Balance Sheet The company has 119.88M in cash and 124.39M in
debt, giving a net cash position of -4.51M.
Cash & Cash Equivalents 119.88M Total Debt 124.39M Net Cash -4.51M Retained Earnings 205.85M Total Assets 5.42B Working Capital -4.08B
Full Balance Sheet Cash Flow In the last 12 months, operating cash flow was 63.15M
and capital expenditures -7.95M, giving a free cash flow of 55.2M.
Operating Cash Flow 63.15M Capital Expenditures -7.95M Free Cash Flow 55.2M FCF Per Share 2.64
Full Cash Flow Statement Margins Gross margin is 66.92%, with operating and profit margins of 26.25% and 21.11%.
Gross Margin 66.92% Operating Margin 26.25% Pretax Margin 26.25% Profit Margin 21.11% EBITDA Margin 29.42% EBIT Margin 26.25% FCF Margin 17.45%
Dividends & Yields IBCP pays an annual dividend of $1.26,
which amounts to a dividend yield of 3.37%.
Dividend Per Share $1.26 Dividend Yield 3.37% Dividend Growth (YoY) 8.33% Payout Ratio 41.18% Earnings Yield 9.19% FCF Yield 7.59%
Dividend Details Analyst Forecast The average price target for IBCP is $36,
which is 15.4% higher than the current price. The consensus rating is "Hold".
Price Target $36 Price Target Difference 15.4% Analyst Consensus Hold Analyst Count 3
Stock Forecasts Fair Value There are several formulas that can be used to estimate the
intrinsic value of a stock.
Lynch Fair Value $16 Lynch Upside -48.7% Graham Number 39.6 Graham Upside 26.96%
Stock Splits The last stock split was on Sep 1, 2010. It was a
backward
split with a ratio of 1:10.
Last Split Date Sep 1, 2010 Split Type backward Split Ratio 1:10
Scores Altman Z-Score -0.66 Piotroski F-Score 7
