Independent Bank Stock Performance
| IBCP Stock | USD 37.72 0.65 1.75% |
On a scale of 0 to 100, Independent Bank holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of 2.41, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Independent Bank will likely underperform. Please check Independent Bank's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Independent Bank's current trending patterns will revert.
Risk-Adjusted Performance
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Independent Bank are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Even with relatively fragile fundamental indicators, Independent Bank reported solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return 2.05 | Five Day Return (0.99) | Year To Date Return 46.91 | Ten Year Return 216.57 | All Time Return 226.68 |
Forward Dividend Yield 0.0259 | Payout Ratio 0.3265 | Last Split Factor 1:10 | Forward Dividend Rate 0.96 | Dividend Date 2024-11-15 |
1 | Disposition of tradable shares by Stefanie Kimball of Independent Bank at 34.305 subject to Rule 16b-3 | 09/03/2024 |
2 | Disposition of 106 shares by Keller Christina of Independent Bank at 32.94 subject to Rule 16b-3 | 09/12/2024 |
3 | Disposition of 100 shares by Keller Christina of Independent Bank at 32.79 subject to Rule 16b-3 | 09/13/2024 |
4 | Independent Bank Gets Technical Rating Upgrade | 10/10/2024 |
5 | Acquisition by Kessel William B of 6511 shares of Independent Bank subject to Rule 16b-3 | 10/11/2024 |
6 | Independent Bank Corp. Reports Third Quarter Net Income of 42.9 Million | 10/17/2024 |
7 | Disposition of 185 shares by Keller Christina of Independent Bank at 32.77 subject to Rule 16b-3 | 10/18/2024 |
8 | Acquisition by Gavin Mohr of 2937 shares of Independent Bank subject to Rule 16b-3 | 10/21/2024 |
9 | Independent Bank to exit mortgage warehouse business | 10/23/2024 |
10 | Independent Bank Corp Q3 2024 Earnings EPS of 0.65 Misses Estimate, Revenue at 41. ... | 10/24/2024 |
11 | Independent Bank Corp Q3 2024 Earnings Call Highlights Navigating Growth ... | 10/25/2024 |
12 | Disposition of 2850 shares by Boer William J of Independent Bank subject to Rule 16b-3 | 11/07/2024 |
| Independent Bank dividend paid on 15th of November 2024 | 11/15/2024 |
13 | Nuance Investments LLC Has 6.44 Million Stock Holdings in Independent Bank Corp. - MarketBeat | 11/20/2024 |
| Begin Period Cash Flow | 74.4 M |
Independent |
Independent Bank Relative Risk vs. Return Landscape
If you would invest 3,368 in Independent Bank on August 24, 2024 and sell it today you would earn a total of 404.00 from holding Independent Bank or generate 12.0% return on investment over 90 days. Independent Bank is currently generating 0.2142% in daily expected returns and assumes 2.6965% risk (volatility on return distribution) over the 90 days horizon. In different words, 24% of stocks are less volatile than Independent, and 96% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Independent Bank Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Independent Bank's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Independent Bank, and traders can use it to determine the average amount a Independent Bank's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0794
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Estimated Market Risk
| 2.7 actual daily | 24 76% of assets are more volatile |
Expected Return
| 0.21 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Independent Bank is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Independent Bank by adding it to a well-diversified portfolio.
Independent Bank Fundamentals Growth
Independent Stock prices reflect investors' perceptions of the future prospects and financial health of Independent Bank, and Independent Bank fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Independent Stock performance.
| Return On Equity | 0.15 | |||
| Return On Asset | 0.0119 | |||
| Profit Margin | 0.30 % | |||
| Operating Margin | 0.36 % | |||
| Current Valuation | 724.23 M | |||
| Shares Outstanding | 20.89 M | |||
| Price To Earning | 7.38 X | |||
| Price To Book | 1.71 X | |||
| Price To Sales | 3.72 X | |||
| Revenue | 200.79 M | |||
| Gross Profit | 206.13 M | |||
| EBITDA | 79.42 M | |||
| Net Income | 59.07 M | |||
| Cash And Equivalents | 70.63 M | |||
| Cash Per Share | 3.35 X | |||
| Total Debt | 129.26 M | |||
| Debt To Equity | 0.14 % | |||
| Book Value Per Share | 21.65 X | |||
| Cash Flow From Operations | 75.59 M | |||
| Earnings Per Share | 2.94 X | |||
| Market Capitalization | 774.54 M | |||
| Total Asset | 5.28 B | |||
| Retained Earnings | 159.11 M | |||
About Independent Bank Performance
Assessing Independent Bank's fundamental ratios provides investors with valuable insights into Independent Bank's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Independent Bank is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | 0.04 | 0.03 | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.15 | 0.09 |
Things to note about Independent Bank performance evaluation
Checking the ongoing alerts about Independent Bank for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Independent Bank help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Over 87.0% of the company shares are owned by institutional investors | |
| On 15th of November 2024 Independent Bank paid $ 0.24 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Nuance Investments LLC Has 6.44 Million Stock Holdings in Independent Bank Corp. - MarketBeat |
- Analyzing Independent Bank's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Independent Bank's stock is overvalued or undervalued compared to its peers.
- Examining Independent Bank's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Independent Bank's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Independent Bank's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Independent Bank's stock. These opinions can provide insight into Independent Bank's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Independent Stock Analysis
When running Independent Bank's price analysis, check to measure Independent Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independent Bank is operating at the current time. Most of Independent Bank's value examination focuses on studying past and present price action to predict the probability of Independent Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independent Bank's price. Additionally, you may evaluate how the addition of Independent Bank to your portfolios can decrease your overall portfolio volatility.