Independent Stock Buy Hold or Sell Recommendation

INDB -  USA Stock  

USD 83.55  1.03  1.25%

Given the investment horizon of 90 days and your typical level of risk aversion, our recommendation regarding Independent Bk Corp is 'Strong Hold'. Macroaxis provides Independent buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding INDB positions. The advice algorithm takes into account all of Independent's available fundamental, technical, and predictive indicators you will find on this site.
  
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The advice is provided from Independent's buy-and-hold perspective. Please see Independent Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Independent and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Independent Bk Corp.

Execute Independent Buy or Sell Advice

The Independent recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Independent Bk Corp. Macroaxis does not own or have any residual interests in Independent Bk Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Independent's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell IndependentBuy Independent
Strong Hold

Volatility

Very steadyDetails

Hype Condition

Low keyDetails

Current Valuation

Fairly ValuedDetails

Odds of Distress

Very SmallDetails

Economic Sensitivity

Almost mirrors the marketDetails

Analyst Consensus

BuyDetails

Financial Strenth (F Score)

HealthyDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon Independent Bk Corp has a Risk Adjusted Performance of 0.0374, Jensen Alpha of 0.0369, Total Risk Alpha of 0.0374, Sortino Ratio of 0.0212 and Treynor Ratio of 0.0395
Macroaxis provides investment recommendation on Independent to complement and cross-verify current analyst consensus on Independent Bk Corp. Our trade recommendations engine determines the entity's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. To make sure Independent Bk Corp is not overpriced, please check out all Independent fundamentals, including its current valuation, number of shares shorted, revenue, as well as the relationship between the shares owned by insiders and price to book . Given that Independent Bk Corp has a number of shares shorted of 881.77 K, we strongly advise you to confirm Independent Bk Corp market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your regular risk tolerance and investing horizon.

Independent Trading Alerts and Improvement Suggestions

Independent Bk Corp generated a negative expected return over the last 90 days
Independent Bk Corp is unlikely to experience financial distress in the next 2 years
Over 87.0% of the company shares are owned by institutional investors
Latest headline from MacroaxisInsider: Independent exotic insider transaction detected

Independent current analysts advice

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Independent analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Independent analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Mean Price98.67
Target Median Price105.00
Target High Price106.00
Recommendation Mean2.00
Number Of Analyst Opinions3
Target Low Price85.00
Average Consensus Buy
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.

Independent Returns Distribution Density

The distribution of Independent's historical returns is an attempt to chart the future uncertainty of Independent's future price movements. The chart of the probability distribution of Independent stock daily returns describes the distribution of returns around its average expected value. We use Independent Bk Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Independent returns is essential to provide solid investment advice for Independent stock.
Mean Return0.0458Value At Risk-2.58
Potential Upside2.86Standard Deviation1.79
 Return Density 
      Distribution 
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Independent historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Independent Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Independent is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Independent Bk Corp backward and forwards among themselves. Independent's institutional investor refers to the entity that pools money to purchase Independent's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Blackrock IncCommon SharesM572.5 M
Vanguard Group IncCommon Shares5.4 M442.9 M
State Street CorpCommon Shares2.3 M191.2 M
Victory Capital Management IncCommon Shares1.9 M153.5 M
Dimensional Fund Advisors LpCommon Shares1.7 M139.7 M
Price T Rowe Associates IncCommon Shares1.7 M135.9 M
Silvercrest Asset Management Group LlcCommon Shares1.6 M132.2 M
Note, although Independent's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Independent Cash Flow Accounts

201720182019202020212022 (projected)
Capital Expenditure(18.77 M)(8.92 M)(12.79 M)(6.49 M)(25.03 M)(25.69 M)
Depreciation Amortization and Accretion15.76 M15.63 M19.44 M27.26 M32.82 M26.65 M
Net Cash Flow or Change in Cash and Cash Equivalents(75.98 M)37.34 M(99.48 M)1.15 B944.05 M1.02 B
Net Cash Flow Business Acquisitions and Disposals6.29 M(6.91 M)(105.26 M)787.3 M905.4 M976.87 M
Issuance Purchase of Equity Shares428 K1.52 M3.77 M(93.95 M)717 K773.61 K
Issuance Repayment of Debt Securities(14.23 M)43.07 M(80.75 M)(122.19 M)(604.84 M)(620.75 M)
Payment of Dividends and Other Cash Distributions(34.05 M)(40.17 M)(53.27 M)(60.84 M)(62.74 M)(64.39 M)
Net Cash Flow from Financing109.88 M283.01 M(336.16 M)1.57 B816.96 M881.46 M
Net Cash Flow from Investing(316.77 M)(387.51 M)20.16 M(488.21 M)(63.14 M)(68.12 M)
Net Cash Flow Investment Acquisitions and Disposals(307.9 M)(374.76 M)132.72 M(484.97 M)(785.82 M)(806.5 M)
Net Cash Flow from Operations130.91 M141.84 M216.52 M64.64 M190.22 M166.36 M
Share Based Compensation3.33 M4.22 M4.4 M4.12 M4.31 M4.32 M

Independent Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Independent or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Independent stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Independent stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
0.036928
β
Beta against DOW0.91
σ
Overall volatility
1.72
Ir
Information ratio 0.0207

Independent Volatility Alert

Independent Bk Corp has relatively low volatility with skewness of 0.03 and kurtosis of 0.35. However, we advise all investors to independently investigate Independent Bk Corp to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Independent's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Independent's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Independent Implied Volatility

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.

Independent Fundamentals Vs Peers

Comparing Independent's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Independent's direct or indirect competition across all of the common fundamentals between Independent and the related equities. This way, we can detect undervalued stocks with similar characteristics as Independent or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Independent's fundamental indicators could also be used in its relative valuation, which is a method of valuing Independent by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Independent to competition
FundamentalsIndependentPeer Average
Return On Equity5.66 %(0.31) %
Return On Asset0.78 %(0.14) %
Profit Margin24.91 %(1.27) %
Operating Margin43.58 %(5.51) %
Current Valuation1.95 B16.62 B
Shares Outstanding47.35 M571.82 M
Shares Owned by Insiders1.00 %10.09 %
Shares Owned by Institutions87.02 %39.21 %
Number of Shares Shorted881.77 K4.71 M
Price to Earning17.11 X28.72 X
Price to Book1.50 X9.51 X
Price to Sales7.11 X11.42 X
Revenue531.44 M9.43 B
Gross Profit489.06 M27.38 B
EBITDA74.15 M3.9 B
Net Income132.38 M570.98 M
Cash and Equivalents1.84 B2.7 B
Cash per Share38.85 X5.01 X
Total Debt138.33 M5.32 B
Debt to Equity0.14 %48.70 %
Book Value Per Share53.14 X1.93 K
Cash Flow from Operations210.61 M971.22 M
Short Ratio4.03 X4.00 X
Earnings Per Share4.66 X3.12 X
Price to Earnings To Growth6.00 X4.89 X
Number of Employees1.69 K18.84 K
Beta0.89-0.15
Market Capitalization3.78 B19.03 B
Total Asset7.21 B29.47 B
Retained Earnings553.32 M9.33 B
Z Score16.28.72
Five Year Return2.20 %
Last Dividend Paid2.04
   Independent exotic insider transaction detected [view details]

About Independent Buy or Sell Advice

When is the right time to buy or sell Independent Bk Corp? Buying financial instruments such as Independent Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the stock market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Although Independent investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2019 2020 2021 2022 (projected)
Cash and Equivalents150.97 M1.3 B2.24 B2.42 B
Total Assets11.4 B13.2 B20.42 B22.04 B

Use Investing Ideas to Build Portfolios

In addition to having Independent in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Large Value Thematic Idea Now

Large Value
Large Value Theme
Funds or Etfs that invest in the undervalued stocks of large-sized companies. The Large Value theme has 40 constituents.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Large Value Theme or any other thematic opportunities.
View All  Next Launch Large Value
Please see Independent Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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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.