Independent Bank Corp. (INDB)
Independent Bank Statistics
Share Statistics
Independent Bank has 42.53M shares outstanding. The number of shares has increased by 0.34% in one year.
| Shares Outstanding | 42.53M |
| Shares Change (YoY) | 0.34% |
| Shares Change (QoQ) | 0.27% |
| Owned by Institutions (%) | 83.57% |
| Shares Floating | 42.05M |
| Failed to Deliver (FTD) Shares | 4.32K |
| FTD / Avg. Volume | 1.48% |
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 14.2 and the forward PE ratio is 9.37. Independent Bank's PEG ratio is -0.86.
| PE Ratio | 14.2 |
| Forward PE | 9.37 |
| PS Ratio | 3.2 |
| Forward PS | 2.6 |
| PB Ratio | 0.91 |
| P/FCF Ratio | 11.87 |
| PEG Ratio | -0.86 |
Enterprise Valuation
Independent Bank has an Enterprise Value (EV) of 3.24B.
| EV / Sales | 3.8 |
| EV / EBITDA | 0 |
| EV / EBIT | 14.1 |
| EV / FCF | 14.1 |
Financial Position
The company has a current ratio of 0, with a Debt / Equity ratio of 0.23.
| Current Ratio | 0 |
| Quick Ratio | 0 |
| Debt / Equity | 0.23 |
| Debt / EBITDA | - |
| Debt / FCF | 3.05 |
| Interest Coverage | -1.99 |
Financial Efficiency
Return on Equity is 6.42% and Return on Invested Capital is -32.65%.
| Return on Equity | 6.42% |
| Return on Assets | 0.99% |
| Return on Invested Capital | -32.65% |
| Revenue Per Employee | $464.21K |
| Profits Per Employee | $104.56K |
| Employee Count | 1,837 |
| Asset Turnover | 0.04 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | 55.05M |
| Effective Tax Rate | 22.27% |
Stock Price Statistics
The stock price has increased by 26.81% 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 | 26.81% |
| 50-Day Moving Average | 66.08 |
| 200-Day Moving Average | 62.85 |
| Relative Strength Index (RSI) | 41.99 |
| Average Volume (20 Days) | 292.49K |
Income Statement
In the last 12 months, Independent Bank had revenue of 852.75M and earned 192.08M in profits. Earnings per share was 4.52.
| Revenue | 852.75M |
| Gross Profit | 852.75M |
| Operating Income | -579.04M |
| Net Income | 192.08M |
| EBITDA | 0 |
| EBIT | -40.89M |
| Earnings Per Share (EPS) | 4.52 |
Balance Sheet
The company has 187.85M in cash and 701.37M in debt, giving a net cash position of -513.52M.
| Cash & Cash Equivalents | 187.85M |
| Total Debt | 701.37M |
| Net Cash | -513.52M |
| Retained Earnings | 1.17B |
| Total Assets | 19.37B |
| Working Capital | 367.16M |
Cash Flow
In the last 12 months, operating cash flow was 229.92M and capital expenditures 0, giving a free cash flow of 229.92M.
| Operating Cash Flow | 229.92M |
| Capital Expenditures | 0 |
| Free Cash Flow | 229.92M |
| FCF Per Share | 5.41 |
Margins
Gross margin is 100%, with operating and profit margins of -67.9% and 22.52%.
| Gross Margin | 100% |
| Operating Margin | -67.9% |
| Pretax Margin | 28.98% |
| Profit Margin | 22.52% |
| EBITDA Margin | n/a |
| EBIT Margin | -67.9% |
| FCF Margin | 26.96% |
Dividends & Yields
INDB pays an annual dividend of $2.87, which amounts to a dividend yield of 3.67%.
| Dividend Per Share | $2.87 |
| Dividend Yield | 3.67% |
| Dividend Growth (YoY) | 3.51% |
| Payout Ratio | 63.5% |
| Earnings Yield | 7.04% |
| FCF Yield | 8.43% |
Analyst Forecast
The average price target for INDB is $78, which is 24% higher than the current price. The consensus rating is "Buy".
| Price Target | $78 |
| Price Target Difference | 24% |
| 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 | 0.28 |
| Piotroski F-Score | 6 |