Independent Price to Sales Ratio Trend from 2010 to 2021

INDB -  USA Stock  

USD 80.27  1.42  1.74%

Independent Price to Sales Ratio is increasing over the years with slightly volatile fluctuation. Price to Sales Ratio is expected to dwindle to 5.55. From 2010 to 2021 Independent Price to Sales Ratio quarterly data regression line had arithmetic mean of 4.51 and r-squared of  0.79. The current year Income Tax Expense is expected to grow to about 33.2 M, whereas Consolidated Income is forecasted to decline to about 109.8 M.

Independent Historical Trends 

 
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Check Independent financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Independent main balance sheet or income statement drivers, such as Consolidated Income of 109.8 M, Earning Before Interest and Taxes EBIT of 143 M or Gross Profit of 401.2 M, as well as many exotic indicators such as Calculated Tax Rate of 26.32, PPandE Turnover of 4.95 or Cash and Equivalents Turnover of 0.99. Independent financial statements analysis is a perfect complement when working with Independent Valuation or Volatility modules. It can also supplement various Independent Technical models. Please see the analysis of Independent Correlation against competitors.

Independent Quarterly Price to Sales Ratio

5.113Share

Independent Price to Sales Ratio Breakdown

Showing smoothed Price to Sales Ratio of Independent Bk Corp with missing and latest data points interpolated. Price to Sales Ratio is figured by comparing Independent Bk Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Independent sales, a figure that is much harder to manipulate than other Independent Bk Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. An alternative calculation method to [PS]; that measures the ratio between a company's [Price] and it's [SPS].Independent's Price to Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Independent's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 6.22 X10 Years Trend
Increasing
Slightly volatile
 Price to Sales Ratio 
Share
      Timeline 

Independent Price to Sales Ratio Regression Statistics

Arithmetic Mean 4.51
Geometric Mean 4.35
Coefficient Of Variation 26.96
Mean Deviation 1.07
Median 5.08
Standard Deviation 1.22
Sample Variance 1.48
Range 3.31
R-Value 0.89
Mean Square Error 0.35
R-Squared 0.79
Significance 0.00012437
Slope 0.30
Total Sum of Squares 16.25

Independent Price to Sales Ratio History

2011  2.81 
2012  2.91 
2013  3.75 
2014  4.00 
2015  4.16 
2016  6.12 
2017  5.63 
2018  5.08 
2019  5.44 
2020  5.69 
2021  5.55 

About Independent Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Independent income statement, its balance sheet, and the statement of cash flows. Independent investors use historical funamental indicators, such as Independent's Price to Sales Ratio, to determine how well the company is positioned to perform in the future. Although Independent investors may use each financial statement separately, they are all related. The changes in Independent's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Independent's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Independent Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Independent. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2021
Price to Sales Ratio 5.69  5.55 
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. Its products and services include demand deposits and time certificates of deposit, as well as checking, money market, and savings accounts. The companys loan portfolio includes commercial loans, such as commercial and industrial, asset-based, commercial real estate, commercial construction, and small business loans consumer real estate loans, including residential mortgages and home equity loans, and loans for the construction of residential properties and personal loans. It also provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions Internet and mobile banking services, as well as automated teller machine cards and debit cards and mutual fund shares, unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2020, it operates through a network of ninety-six full service and two limited service retail branches, sixteen commercial banking centers, ten investment management offices, and eight mortgage lending centers in Eastern Massachusetts, Greater Boston, the South Shore, and the Cape and Islands, as well as in Worcester County and Rhode Island. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.

Independent Investors Sentiment

The influence of Independent's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Independent. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Independent Implied Volatility

    
  57.64  
Independent's implied volatility exposes the market's sentiment of Independent Bk Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Independent's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Independent stock will not fluctuate a lot when Independent's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Independent in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Independent's short interest history, or implied volatility extrapolated from Independent options trading.

Current Sentiment - INDB

Independent Bk Corp Investor Sentiment

Most of Macroaxis users are currently bullish on Independent Bk Corp. What is your judgment towards investing in Independent Bk Corp? Are you bullish or bearish?
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98% Bullish
2% Bearish
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Please see the analysis of Independent Correlation against competitors. Note that the Independent Bk Corp information on this page should be used as a complementary analysis to other Independent's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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When running Independent Bk Corp price analysis, check to measure Independent'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 is operating at the current time. Most of Independent's value examination focuses on studying past and present price action to predict the probability of Independent's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Independent's price. Additionally, you may evaluate how the addition of Independent to your portfolios can decrease your overall portfolio volatility.
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Is Independent's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Independent. If investors know Independent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Independent listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Independent Bk Corp is measured differently than its book value, which is the value of Independent that is recorded on the company's balance sheet. Investors also form their own opinion of Independent's value that differs from its market value or its book value, called intrinsic value, which is Independent's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Independent's market value can be influenced by many factors that don't directly affect Independent's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Independent's value and its price as these two are different measures arrived at by different means. Investors typically determine Independent value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independent's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.