Independent Stock Buy Hold or Sell Recommendation

INDB -  USA Stock  

USD 83.67  1.16  1.37%

Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Independent Bk Corp is 'Strong Buy'. 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.

Independent Advice 

 
Refresh
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 Buy

Volatility

Very steadyDetails

Hype Condition

Low keyDetails

Current Valuation

UndervaluedDetails

Odds of Distress

LowDetails

Economic Sensitivity

Responds to the marketDetails

Analyst Consensus

Strong 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 0.1351, Jensen Alpha of 0.2621, Total Risk Alpha of 0.2417, Sortino Ratio of 0.1864 and Treynor Ratio of 0.2107
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 1.32 M, 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 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 Price90.50
Target Median Price91.00
Target High Price100.00
Recommendation Mean1.70
Number Of Analyst Opinions4
Target Low Price80.00
Average Consensus Strong 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 Return0.30Value At Risk-2.18
Potential Upside2.99Standard Deviation1.64
 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 Cash Flow Accounts

201620172018201920202021 (projected)
Capital Expenditure(10.05 M)(18.77 M)(8.92 M)(12.79 M)(6.49 M)(7 M)
Depreciation Amortization and Accretion14.35 M15.76 M15.63 M19.44 M27.26 M22.51 M
Net Cash Flow or Change in Cash and Cash Equivalents13.33 M(75.98 M)37.34 M(99.48 M)1.15 B1.24 B
Net Cash Flow Business Acquisitions and Disposals8.67 M6.29 M(6.91 M)(105.26 M)(94.74 M)(97.23 M)
Issuance Purchase of Equity Shares1.83 M428 K1.52 M3.77 M(93.95 M)(96.42 M)
Issuance Repayment of Debt Securities(59.84 M)(14.23 M)43.07 M(80.75 M)(122.19 M)(131.83 M)
Payment of Dividends and Other Cash Distributions(29.71 M)(34.05 M)(40.17 M)(53.27 M)(60.84 M)(62.44 M)
Net Cash Flow from Financing159.32 M109.88 M283.01 M(336.16 M)1.57 B1.69 B
Net Cash Flow from Investing(238.89 M)(316.77 M)(387.51 M)20.16 M(488.21 M)(501.06 M)
Net Cash Flow Investment Acquisitions and Disposals(238.72 M)(307.9 M)(374.76 M)132.72 M(484.97 M)(497.74 M)
Net Cash Flow from Operations92.9 M130.91 M141.84 M216.52 M64.64 M92.71 M
Share Based Compensation3.63 M3.33 M4.22 M4.4 M4.12 M4.09 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
0.26
β
Beta against DOW1.39
σ
Overall volatility
1.65
Ir
Information ratio 0.16

Independent Volatility Alert

Independent Bk Corp has relatively low volatility with skewness of 0.28 and kurtosis of -0.37. 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 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 Equity8.02 %(0.31) %
Return On Asset1.06 %(0.14) %
Profit Margin29.92 %(1.27) %
Operating Margin41.97 %(5.51) %
Current Valuation753.49 M16.62 B
Shares Outstanding33.03 M571.82 M
Shares Owned by Insiders1.40 %10.09 %
Shares Owned by Institutions83.22 %39.21 %
Number of Shares Shorted1.32 M4.71 M
Price to Earning20.43 X28.72 X
Price to Book1.62 X9.51 X
Price to Sales6.12 X11.42 X
Revenue455.02 M9.43 B
Gross Profit425.63 M27.38 B
EBITDA74.15 M3.9 B
Net Income136.13 M570.98 M
Cash and Equivalents1.9 B2.7 B
Cash per Share57.37 X5.01 X
Total Debt261.36 M5.32 B
Debt to Equity0.14 %48.70 %
Book Value Per Share51.94 X1.93 K
Cash Flow from Operations142.5 M971.22 M
Short Ratio7.39 X4.00 X
Earnings Per Share4.12 X3.12 X
Price to Earnings To Growth6.62 X4.89 X
Number of Employees1.43 K18.84 K
Beta0.98-0.15
Market Capitalization2.78 B19.03 B
Total Asset7.21 B29.47 B
Retained Earnings553.32 M9.33 B
Z Score6.08.72
Five Year Return2.11 %
Last Dividend Paid1.92
   Sale by Donna Abelli of 800 shares of Independent [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.
 2018 2019 2020 2021 (projected)
Cash and Equivalents250.46 M150.97 M1.3 B1.4 B
Total Assets8.85 B11.4 B13.2 B11.39 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 Precious Metals Thematic Idea Now

Precious Metals
Precious Metals Theme
Funds or Etfs that invest in entities that are involved in mining, processing or dealing of precious metals. Precious Metals theme has 40 constituents.
View All  Next Launch Precious Metals
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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Independent Stock analysis

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.
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
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.