Independent Bank Corp. (INDB)
Independent Bank Statistics
Share Statistics
Independent Bank has 42.41M shares outstanding. The number of shares has increased by 0.11% in one year.
| Shares Outstanding | 42.41M |
| Shares Change (YoY) | 0.11% |
| Shares Change (QoQ) | 0.02% |
| Owned by Institutions (%) | 80.01% |
| Shares Floating | 41.94M |
| Failed to Deliver (FTD) Shares | 415 |
| FTD / Avg. Volume | 0.16% |
Short Selling Information
The latest short interest is 865.81K, so 2.04% of the outstanding shares have been sold short.
| Short Interest | 865.81K |
| Short % of Shares Out | 2.04% |
| Short % of Float | 2.06% |
| Short Ratio (days to cover) | 3.33 |
Valuation Ratios
The PE ratio is 12.14 and the forward PE ratio is 9.37. Independent Bank's PEG ratio is -2.56.
| PE Ratio | 12.14 |
| Forward PE | 9.37 |
| PS Ratio | 3.65 |
| Forward PS | 2.8 |
| PB Ratio | 1 |
| P/FCF Ratio | 11.13 |
| PEG Ratio | -2.56 |
Enterprise Valuation
Currently the Enterprise Value (EV) is not available for Independent Bank Corp..
| 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 0.02, with a Debt / Equity ratio of 0.42.
| Current Ratio | 0.02 |
| Quick Ratio | 0.02 |
| Debt / Equity | 0.42 |
| Total Debt / Capitalization | 29.62 |
| Cash Flow / Debt | 0.23 |
| Interest Coverage | 1.67 |
Financial Efficiency
Return on equity (ROE) is 0.08% and return on capital (ROIC) is 5.82%.
| Return on Equity (ROE) | 0.08% |
| Return on Assets (ROA) | 0.01% |
| Return on Capital (ROIC) | 5.82% |
| Revenue Per Employee | $445,285.95 |
| Profits Per Employee | $134,024.62 |
| Employee Count | 1,787 |
| Asset Turnover | 0.04 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | 75.63M |
| Effective Tax Rate | 0.24 |
Stock Price Statistics
The stock price has increased by 34.68% in the last 52 weeks. The beta is 0.79, so Independent Bank's price volatility has been higher than the market average.
| Beta | 0.79 |
| 52-Week Price Change | 34.68% |
| 50-Day Moving Average | 66.74 |
| 200-Day Moving Average | 61.38 |
| Relative Strength Index (RSI) | 52.39 |
| Average Volume (20 Days) | 254.76K |
Income Statement
In the last 12 months, Independent Bank had revenue of 795.73M and earned 239.5M in profits. Earnings per share was 5.42.
| Revenue | 795.73M |
| Gross Profit | 795.73M |
| Operating Income | 315.13M |
| Net Income | 239.5M |
| EBITDA | 0 |
| EBIT | 315.13M |
| Earnings Per Share (EPS) | 5.42 |
Balance Sheet
The company has 224.33M in cash and 1.22B in debt, giving a net cash position of -994.05M.
| Cash & Cash Equivalents | 224.33M |
| Total Debt | 1.22B |
| Net Cash | -994.05M |
| Retained Earnings | 1.08B |
| Total Assets | 19.41B |
| Working Capital | -7.29B |
Cash Flow
In the last 12 months, operating cash flow was 276.99M and capital expenditures -15.84M, giving a free cash flow of 261.15M.
| Operating Cash Flow | 276.99M |
| Capital Expenditures | -15.84M |
| Free Cash Flow | 261.15M |
| FCF Per Share | 5.91 |
Margins
Gross margin is 100%, with operating and profit margins of 39.6% and 30.1%.
| Gross Margin | 100% |
| Operating Margin | 39.6% |
| Pretax Margin | 39.6% |
| Profit Margin | 30.1% |
| EBITDA Margin | n/a |
| EBIT Margin | 39.6% |
| FCF Margin | 32.82% |
Dividends & Yields
INDB pays an annual dividend of $2.28, which amounts to a dividend yield of 3.56%.
| Dividend Per Share | $2.28 |
| Dividend Yield | 3.56% |
| Dividend Growth (YoY) | 3.64% |
| Payout Ratio | 50.44% |
| Earnings Yield | 7.9% |
| FCF Yield | 8.97% |
Analyst Forecast
The average price target for INDB is $78, which is 13.7% higher than the current price. The consensus rating is "Buy".
| Price Target | $78 |
| Price Target Difference | 13.7% |
| Analyst Consensus | Buy |
| Analyst Count | 3 |
Stock Splits
The last stock split was on Oct 1, 1987. It was a forward split with a ratio of 3:2.
| Last Split Date | Oct 1, 1987 |
| Split Type | forward |
| Split Ratio | 3:2 |
Scores
| Altman Z-Score | -0.17 |
| Piotroski F-Score | 7 |