Company Analysis Independent Bank Corp.
1. Summary
Advantages
- Dividends (4.1%) are higher than the sector average (1.75%).
- The stock's return over the last year (23.7%) is higher than the sector average (-0.7607%).
- The company's current efficiency (ROE=8.27%) is higher than the sector average (ROE=6.37%)
Disadvantages
- Price (65.18 $) is higher than fair price (63.52 $)
- Current debt level 12.08% has increased over 5 years from 2.66%.
Similar companies
2. Share price and performance
2.1. Share price
2.2. News
2.3. Market efficiency
| Independent Bank Corp. | Financials | Index | |
|---|---|---|---|
| 7 days | 1.8% | -9.9% | 1.5% |
| 90 days | -1.4% | -17.3% | -10.6% |
| 1 year | 23.7% | -0.8% | 9.1% |
INDB vs Sector: Independent Bank Corp. has outperformed the "Financials" sector by 24.47% over the past year.
INDB vs Market: Independent Bank Corp. has outperformed the market by 14.57% over the past year.
Stable price: INDB is not significantly more volatile than the rest of the market on "NASDAQ" over the last 3 months, with typical variations of +/- 5% per week.
Long period: INDB with weekly volatility of 0.4559% over the past year.
3. Summary of the report
4. Fundamental Analysis
4.1. Stock price and price forecast
Above fair price: The current price (65.18 $) is higher than the fair price (63.52 $).
Price is higher than fair: The current price (65.18 $) is 2.5% higher than the fair price.
4.2. P/E
P/E vs Sector: The company's P/E (12.17) is lower than that of the sector as a whole (21.78).
P/E vs Market: The company's P/E (12.17) is lower than that of the market as a whole (48.7).
4.2.1 P/E Similar companies
4.3. P/BV
P/BV vs Sector: The company's P/BV (1.01) is higher than that of the sector as a whole (0.5943).
P/BV vs Market: The company's P/BV (1.01) is lower than that of the market as a whole (3.42).
4.3.1 P/BV Similar companies
4.4. P/S
P/S vs Sector: The company's P/S indicator (3.66) is lower than that of the sector as a whole (4.23).
P/S vs Market: The company's P/S indicator (3.66) is lower than that of the market as a whole (10.24).
4.4.1 P/S Similar companies
4.5. EV/Ebitda
EV/Ebitda vs Sector: The company's EV/Ebitda (12.58) is lower than that of the sector as a whole (15.38).
EV/Ebitda vs Market: The company's EV/Ebitda (12.58) is lower than that of the market as a whole (25.23).
5. Profitability
5.1. Profitability and revenue
5.2. Earnings per share - EPS
5.3. Past profitability Net Income
Yield Trend: Rising and has grown by 19.52% over the last 5 years.
Earnings Slowdown: The last year's return (0%) is below the 5-year average return (19.52%).
Profitability vs Sector: The return for the last year (0%) exceeds the return for the sector (-20.64%).
5.4. ROE
ROE vs Sector: The company's ROE (8.27%) is higher than that of the sector as a whole (6.37%).
ROE vs Market: The company's ROE (8.27%) is lower than that of the market as a whole (8.97%).
5.5. ROA
ROA vs Sector: The company's ROA (1.24%) is lower than that of the sector as a whole (5.97%).
ROA vs Market: The company's ROA (1.24%) is lower than that of the market as a whole (6.31%).
5.6. ROIC
ROIC vs Sector: The company's ROIC (0%) is lower than that of the sector as a whole (5.05%).
ROIC vs Market: The company's ROIC (0%) is lower than that of the market as a whole (10.96%).
7. Dividends
7.1. Dividend yield vs Market
High yield: The dividend yield of the company 4.1% is higher than the average for the sector '1.75%.
7.2. Stability and increase in payments
Dividend stability: The company's dividend yield 4.1% has been steadily paid over the past 7 years, DSI=1.
Dividend growth: Company's dividend yield 4.1% has been growing over the last 5 years. Growth over 13 years.
7.3. Payout percentage
Dividend Coverage: Current payments from income (40.92%) are at a comfortable level.
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