Independent Bank Corporat... (IBCP)
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 | 1.79K |
| FTD / Avg. Volume | 1.54% |
Short Selling Information
The latest short interest is 201.82K, so 0.96% of the outstanding shares have been sold short.
| Short Interest | 201.82K |
| Short % of Shares Out | 0.96% |
| Short % of Float | 1.2% |
| Short Ratio (days to cover) | 1.95 |
Valuation Ratios
The PE ratio is 10.9 and the forward PE ratio is 9.27. Independent Bank's PEG ratio is 0.81.
| PE Ratio | 10.9 |
| Forward PE | 9.27 |
| PS Ratio | 3.37 |
| Forward PS | 2.7 |
| PB Ratio | 1.6 |
| P/FCF Ratio | 13.18 |
| PEG Ratio | 0.81 |
Enterprise Valuation
Independent Bank has an Enterprise Value (EV) of 732.32M.
| EV / Sales | 3.39 |
| EV / EBITDA | 0 |
| EV / EBIT | 11.6 |
| EV / FCF | 13.27 |
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 |
| Debt / EBITDA | - |
| Debt / FCF | 2.25 |
| Interest Coverage | -1.93 |
Financial Efficiency
Return on Equity is 14.69% and Return on Invested Capital is -2.92%.
| Return on Equity | 14.69% |
| Return on Assets | 1.25% |
| Return on Invested Capital | -2.92% |
| Revenue Per Employee | $294.81K |
| Profits Per Employee | $91.24K |
| Employee Count | 732 |
| Asset Turnover | 0.04 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | 16.26M |
| Effective Tax Rate | 19.57% |
Stock Price Statistics
The stock price has increased by 22.96% in the last 52 weeks. The beta is 0.83, so Independent Bank's price volatility has been higher than the market average.
| Beta | 0.83 |
| 52-Week Price Change | 22.96% |
| 50-Day Moving Average | 31.46 |
| 200-Day Moving Average | 33.57 |
| Relative Strength Index (RSI) | 53.77 |
| Average Volume (20 Days) | 115.91K |
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 | -10.01M |
| Earnings Per Share (EPS) | 3.2 |
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 |
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 |
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, which amounts to a dividend yield of 3.2%.
| Dividend Per Share | $1.00 |
| Dividend Yield | 3.2% |
| Dividend Growth (YoY) | 8.33% |
| Payout Ratio | 31.65% |
| Earnings Yield | 9.18% |
| FCF Yield | 7.58% |
Analyst Forecast
The average price target for IBCP is $39, which is 26% higher than the current price. The consensus rating is "Hold".
| Price Target | $39 |
| Price Target Difference | 26% |
| 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 | 0.25 |
| Piotroski F-Score | 5 |