Independent Bank Statistics
Total Valuation
INDB has a market cap or net worth of $2.10 billion. The enterprise value is $2.91 billion.
| Market Cap | 2.10B |
| Enterprise Value | 2.91B |
Important Dates
The next estimated earnings date is Thursday, July 18, 2024, after market close.
| Earnings Date | Jul 18, 2024 |
| Ex-Dividend Date | Jul 1, 2024 |
Share Statistics
INDB has 42.38 million shares outstanding. The number of shares has decreased by -5.46% in one year.
| Shares Outstanding | 42.38M |
| Shares Change (YoY) | -5.46% |
| Shares Change (QoQ) | -2.09% |
| Owned by Insiders (%) | 1.16% |
| Owned by Institutions (%) | 83.80% |
| Float | 41.95M |
Valuation Ratios
The trailing PE ratio is 9.58 and the forward PE ratio is 10.73. INDB's PEG ratio is 11.00.
| PE Ratio | 9.58 |
| Forward PE | 10.73 |
| PS Ratio | 3.05 |
| Forward PS | 2.98 |
| PB Ratio | 0.73 |
| P/FCF Ratio | 8.07 |
| PEG Ratio | 11.00 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 8.73, with an EV/FCF ratio of 11.16.
| EV / Earnings | 12.87 |
| EV / Sales | 4.21 |
| EV / EBITDA | 8.73 |
| EV / EBIT | 9.81 |
| EV / FCF | 11.16 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | 0.36 |
| Debt / EBITDA | 3.08 |
| Debt / FCF | 3.93 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 7.80% and return on invested capital (ROIC) is 5.78%.
| Return on Equity (ROE) | 7.80% |
| Return on Assets (ROA) | 1.20% |
| Return on Capital (ROIC) | 5.78% |
| Revenue Per Employee | $386,274 |
| Profits Per Employee | $126,483 |
| Employee Count | 1,787 |
| Asset Turnover | 0.04 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, INDB has paid $70.28 million in taxes.
| Income Tax | 70.28M |
| Effective Tax Rate | 23.72% |
Stock Price Statistics
The stock price has increased by +7.49% in the last 52 weeks. The beta is 0.81, so INDB's price volatility has been lower than the market average.
| Beta (5Y) | 0.81 |
| 52-Week Price Change | +7.49% |
| 50-Day Moving Average | 50.24 |
| 200-Day Moving Average | 53.20 |
| Relative Strength Index (RSI) | 53.86 |
| Average Volume (20 Days) | 330,962 |
Short Selling Information
The latest short interest is 757,368, so 1.79% of the outstanding shares have been sold short.
| Short Interest | 757,368 |
| Short Previous Month | 844,116 |
| Short % of Shares Out | 1.79% |
| Short % of Float | 1.81% |
| Short Ratio (days to cover) | 3.44 |
Income Statement
In the last 12 months, INDB had revenue of $690.27 million and earned $226.03 million in profits. Earnings per share was $5.18.
| Revenue | 690.27M |
| Gross Profit | 690.27M |
| Operating Income | 296.30M |
| Pretax Income | 296.30M |
| Net Income | 226.03M |
| EBITDA | 333.06M |
| EBIT | 296.30M |
| Earnings Per Share (EPS) | $5.18 |
Balance Sheet
The company has $221.32 million in cash and $1.03 billion in debt, giving a net cash position of -$804.08 million or -$18.97 per share.
| Cash & Cash Equivalents | 221.32M |
| Total Debt | 1.03B |
| Net Cash | -804.08M |
| Net Cash Per Share | -$18.97 |
| Equity (Book Value) | 2.88B |
| Book Value Per Share | 68.05 |
| Working Capital | n/a |
Cash Flow
In the last 12 months, operating cash flow was $276.67 million and capital expenditures -$16.01 million, giving a free cash flow of $260.67 million.
| Operating Cash Flow | 276.67M |
| Capital Expenditures | -16.01M |
| Free Cash Flow | 260.67M |
| FCF Per Share | $6.13 |
Margins
Gross margin is 100.00%, with operating and profit margins of 42.93% and 32.74%.
| Gross Margin | 100.00% |
| Operating Margin | 42.93% |
| Pretax Margin | 42.93% |
| Profit Margin | 32.74% |
| EBITDA Margin | 48.25% |
| EBIT Margin | 42.93% |
| FCF Margin | 37.76% |
Dividends & Yields
This stock pays an annual dividend of $2.28, which amounts to a dividend yield of 4.59%.
| Dividend Per Share | $2.28 |
| Dividend Yield | 4.59% |
| Dividend Growth (YoY) | 3.70% |
| Years of Dividend Growth | 5 |
| Payout Ratio | 44.02% |
| Buyback Yield | 5.46% |
| Shareholder Yield | 10.05% |
| Earnings Yield | 10.74% |
| FCF Yield | 12.39% |
Analyst Forecast
The average price target for INDB is $52.50, which is 5.76% higher than the current price. The consensus rating is "Sell".
| Price Target | $52.50 |
| Price Target Difference | 5.76% |
| 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 | 5 |