Independent Bank Corporat...

30.39
-0.40 (-1.30%)
At close: Apr 01, 2025, 10:17 AM

Independent Bank Statistics

Share Statistics

Independent Bank has 20.97M shares outstanding. The number of shares has increased by 0.34% in one year.

Shares Outstanding 20.97M
Shares Change (YoY) 0.34%
Shares Change (QoQ) 0.38%
Owned by Institutions (%) 84.33%
Shares Floating 20.01M
Failed to Deliver (FTD) Shares 34
FTD / Avg. Volume 0.03%

Short Selling Information

The latest short interest is 88.35K, so 0.42% of the outstanding shares have been sold short.

Short Interest 88.35K
Short % of Shares Out 0.42%
Short % of Float 0.44%
Short Ratio (days to cover) 1.13

Valuation Ratios

The PE ratio is 10.9 and the forward PE ratio is 11.06. Independent Bank's PEG ratio is 0.81.

PE Ratio 10.9
Forward PE 11.06
PS Ratio 3.37
Forward PS 2.6
PB Ratio 1.6
P/FCF Ratio 13.18
PEG Ratio 0.81
Financial Ratio History

Enterprise Valuation

Currently the Enterprise Value (EV) is not available for Independent Bank Corporation.

EV / Earnings n/a
EV / Sales n/a
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF n/a

Financial Position

The company has a current ratio of 0, with a Debt / Equity ratio of 0.27.

Current Ratio 0
Quick Ratio 0
Debt / Equity 0.27
Total Debt / Capitalization 21.48
Cash Flow / Debt 0.51
Interest Coverage -1.93

Financial Efficiency

Return on equity (ROE) is 0.15% and return on capital (ROIC) is -26.89%.

Return on Equity (ROE) 0.15%
Return on Assets (ROA) 0.01%
Return on Capital (ROIC) -26.89%
Revenue Per Employee $294,811.48
Profits Per Employee $91,243.17
Employee Count 732
Asset Turnover 0.04
Inventory Turnover n/a

Taxes

Income Tax 16.26M
Effective Tax Rate 0.2

Stock Price Statistics

The stock price has increased by 24.86% in the last 52 weeks. The beta is 1.03, so Independent Bank's price volatility has been higher than the market average.

Beta 1.03
52-Week Price Change 24.86%
50-Day Moving Average 33.59
200-Day Moving Average 33.18
Relative Strength Index (RSI) 36.42
Average Volume (20 Days) 120.54K

Income Statement

In the last 12 months, Independent Bank had revenue of 215.8M and earned 66.79M in profits. Earnings per share was 3.2.

Revenue 215.8M
Gross Profit 215.8M
Operating Income -193.58M
Net Income 66.79M
EBITDA 0
EBIT -193.58M
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 5.34B
Working Capital 145.27M
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 100%, with operating and profit margins of -89.7% and 30.95%.

Gross Margin 100%
Operating Margin -89.7%
Pretax Margin 38.48%
Profit Margin 30.95%
EBITDA Margin n/a
EBIT Margin -89.7%
FCF Margin 25.58%

Dividends & Yields

IBCP pays an annual dividend of $1.22, which amounts to a dividend yield of 2.71%.

Dividend Per Share $1.22
Dividend Yield 2.71%
Dividend Growth (YoY) 8.33%
Payout Ratio 38.61%
Earnings Yield 10.41%
FCF Yield 8.56%
Dividend Details

Analyst Forecast

The average price target for IBCP is $39, which is 26.9% higher than the current price. The consensus rating is "Hold".

Price Target $39
Price Target Difference 26.9%
Analyst Consensus Hold
Analyst Count 3
Stock Forecasts

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 0.25
Piotroski F-Score 5