Independent Bank Statistics
Total Valuation
INDB has a market cap or net worth of $2.24 billion. The enterprise value is $3.24 billion.
| Market Cap | 2.24B |
| Enterprise Value | 3.24B |
Important Dates
The last earnings date was Thursday, April 18, 2024, after market close.
| Earnings Date | Apr 18, 2024 |
| Ex-Dividend Date | Mar 28, 2024 |
Share Statistics
INDB has 42.37 million shares outstanding. The number of shares has decreased by -4.73% in one year.
| Shares Outstanding | 42.37M |
| Shares Change (YoY) | -4.73% |
| Shares Change (QoQ) | -1.52% |
| Owned by Insiders (%) | 1.13% |
| Owned by Institutions (%) | 85.75% |
| Float | 41.85M |
Valuation Ratios
The trailing PE ratio is 9.76 and the forward PE ratio is 11.47. INDB's PEG ratio is 11.00.
| PE Ratio | 9.76 |
| Forward PE | 11.47 |
| PS Ratio | 3.17 |
| Forward PS | 3.16 |
| PB Ratio | 0.77 |
| P/FCF Ratio | 8.58 |
| PEG Ratio | 11.00 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 9.21, with an EV/FCF ratio of 12.39.
| EV / Earnings | 13.51 |
| EV / Sales | 4.57 |
| EV / EBITDA | 9.21 |
| EV / EBIT | 10.27 |
| EV / FCF | 12.39 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | 0.42 |
| Debt / EBITDA | 3.47 |
| Debt / FCF | 4.66 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 8.40% and return on invested capital (ROIC) is 5.82%.
| Return on Equity (ROE) | 8.40% |
| Return on Assets (ROA) | 1.20% |
| Return on Capital (ROIC) | 5.82% |
| Revenue Per Employee | $396,128 |
| Profits Per Employee | $134,025 |
| Employee Count | 1,787 |
| Asset Turnover | 0.04 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, INDB has paid $75.63 million in taxes.
| Income Tax | 75.63M |
| Effective Tax Rate | 24.00% |
Stock Price Statistics
The stock price has decreased by -9.13% in the last 52 weeks. The beta is 0.85, so INDB's price volatility has been lower than the market average.
| Beta (1Y) | 0.85 |
| 52-Week Price Change | -9.13% |
| 50-Day Moving Average | 50.84 |
| 200-Day Moving Average | 54.33 |
| Relative Strength Index (RSI) | 62.97 |
| Average Volume (30 Days) | 305,314 |
Short Selling Information
The latest short interest is 721,166, so 1.70% of the outstanding shares have been sold short.
| Short Interest | 721,166 |
| Short Previous Month | 808,052 |
| Short % of Shares Out | 1.70% |
| Short % of Float | 1.72% |
| Short Ratio (days to cover) | 2.42 |
Income Statement
In the last 12 months, INDB had revenue of $707.88 million and earned $239.50 million in profits. Earnings per share was $5.42.
| Revenue | 707.88M |
| Gross Profit | 707.88M |
| Operating Income | 315.13M |
| Pretax Income | 315.13M |
| Net Income | 239.50M |
| EBITDA | 351.24M |
| EBIT | 315.13M |
| Earnings Per Share (EPS) | $5.42 |
Balance Sheet
The company has $224.33 million in cash and $1.22 billion in debt, giving a net cash position of -$994.05 million or -$23.46 per share.
| Cash & Cash Equivalents | 224.33M |
| Total Debt | 1.22B |
| Net Cash | -994.05M |
| Net Cash Per Share | -$23.46 |
| Equity / Book Value | 2.90B |
| Book Value Per Share | 68.34 |
| Working Capital | n/a |
Cash Flow
In the last 12 months, operating cash flow was $276.99 million and capital expenditures -$15.73 million, giving a free cash flow of $261.26 million.
| Operating Cash Flow | 276.99M |
| Capital Expenditures | -15.73M |
| Free Cash Flow | 261.26M |
| FCF Per Share | $5.91 |
Margins
Gross margin is 100.00%, with operating and profit margins of 44.52% and 33.83%.
| Gross Margin | 100.00% |
| Operating Margin | 44.52% |
| Pretax Margin | 44.52% |
| Profit Margin | 33.83% |
| EBITDA Margin | 49.62% |
| EBIT Margin | 44.52% |
| FCF Margin | 36.91% |
Dividends & Yields
This stock pays an annual dividend of $2.28, which amounts to a dividend yield of 4.31%.
| Dividend Per Share | $2.28 |
| Dividend Yield | 4.31% |
| Dividend Growth (YoY) | 4.72% |
| Years of Dividend Growth | 5 |
| Payout Ratio | 42.07% |
| Buyback Yield | 4.73% |
| Shareholder Yield | 9.04% |
| Earnings Yield | 10.68% |
| FCF Yield | 11.65% |
Analyst Forecast
The average price target for INDB is $52.50, which is -0.79% lower than the current price. The consensus rating is "Sell".
| Price Target | $52.50 |
| Price Target Difference | -0.79% |
| Analyst Consensus | Sell |
| Analyst Count | 3 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock Splits
The last stock split was on October 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 | n/a |
| Piotroski F-Score | 6 |