Independent Bank Corporation Statistics
Share Statistics
Independent Bank Corporation has 20.89M shares outstanding. The number of shares has increased by -0.05% in one year.
| Shares Outstanding | 20.89M |
| Shares Change (YoY) | n/a |
| Shares Change (QoQ) | -0.01% |
| Owned by Institutions (%) | n/a |
| Shares Floating | 19.96M |
| Failed to Deliver (FTD) Shares | 771 |
| FTD / Avg. Volume | 0.91% |
Short Selling Information
The latest short interest is 188.19K, so 0.9% of the outstanding shares have been sold short.
| Short Interest | 188.19K |
| Short % of Shares Out | 0.9% |
| Short % of Float | 0.94% |
| Short Ratio (days to cover) | 2.64 |
Valuation Ratios
The PE ratio is 9.24 and the forward PE ratio is 12.67. Independent Bank Corporation's PEG ratio is 0.79.
| PE Ratio | 9.24 |
| Forward PE | 12.67 |
| PS Ratio | 2.72 |
| Forward PS | 4 |
| PB Ratio | 1.35 |
| P/FCF Ratio | 7.85 |
| PEG Ratio | 0.79 |
Enterprise Valuation
Independent Bank Corporation has an Enterprise Value (EV) of 510.39M.
| EV / Earnings | 8.64 |
| EV / Sales | 2.55 |
| EV / EBITDA | 6.43 |
| EV / EBIT | 5.58 |
| EV / FCF | 7.34 |
Financial Position
The company has a current ratio of 0.06, with a Debt / Equity ratio of 0.32.
| Current Ratio | 0.06 |
| Quick Ratio | 0.06 |
| Debt / Equity | 0.32 |
| Total Debt / Capitalization | 24.22 |
| Cash Flow / Debt | 0.58 |
| Interest Coverage | 1.1 |
Financial Efficiency
Return on equity (ROE) is 0.15% and return on capital (ROIC) is 13.75%.
| Return on Equity (ROE) | 0.15% |
| Return on Assets (ROA) | 0.01% |
| Return on Capital (ROIC) | 13.75% |
| Revenue Per Employee | 270.58K |
| Profits Per Employee | 79.71K |
| Employee Count | 741 |
| Asset Turnover | 0.04 |
| Inventory Turnover | 0 |
Taxes
| Income Tax | 14.61M |
| Effective Tax Rate | 0.2 |
Stock Price Statistics
The stock price has increased by 36.05% in the last 52 weeks. The beta is 0.98, so Independent Bank Corporation's price volatility has been higher than the market average.
| Beta | 0.98 |
| 52-Week Price Change | 36.05% |
| 50-Day Moving Average | 36.25 |
| 200-Day Moving Average | 30.61 |
| Relative Strength Index (RSI) | 36.14 |
| Average Volume (20 Days) | 85.12K |
Income Statement
In the last 12 months, Independent Bank Corporation had revenue of 200.50M and earned 59.07M in profits. Earnings per share was 2.82.
| Revenue | 200.50M |
| Gross Profit | 294.56M |
| Operating Income | 91.53M |
| Net Income | 59.07M |
| EBITDA | 79.42M |
| EBIT | 91.53M |
| Earnings Per Share (EPS) | 2.82 |
Balance Sheet
The company has 169.78M in cash and 129.26M in debt, giving a net cash position of 40.52M.
| Cash & Cash Equivalents | 169.78M |
| Total Debt | 129.26M |
| Net Cash | 40.52M |
| Retained Earnings | 159.11M |
| Total Assets | 5.26B |
| Working Capital | 772.79M |
Cash Flow
In the last 12 months, operating cash flow was 75.59M and capital expenditures -6.02M, giving a free cash flow of 69.56M.
| Operating Cash Flow | 75.59M |
| Capital Expenditures | -6.02M |
| Free Cash Flow | 69.56M |
| FCF Per Share | 3.32 |
Margins
Gross margin is 14.69K%, with operating and profit margins of 4.57K% and 2.95K%.
| Gross Margin | 14.69K% |
| Operating Margin | 4.57K% |
| Pretax Margin | 3.67K% |
| Profit Margin | 2.95K% |
| EBITDA Margin | 39.61% |
| EBIT Margin | 45.65% |
| FCF Margin | 34.7% |
Dividends & Yields
IBCP pays an annual dividend of $0.96, which amounts to a dividend yield of 2.79%.
| Dividend Per Share | $0.96 |
| Dividend Yield | 2.79% |
| Dividend Growth (YoY) | 4.35% |
| Payout Ratio | 32.65% |
| Earnings Yield | 8.16% |
| FCF Yield | 9.63% |
Analyst Forecast
The average price target for IBCP is $37.5, which is 8.5% higher than the current price. The consensus rating is "Hold".
| Price Target | $37.5 |
| Price Target Difference | 8.5% |
| Analyst Consensus | Hold |
| Analyst Count | 3 |
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 | 0.4 |
| Piotroski F-Score | 7 |