Independent Bank Stock Beta
| INDB Stock | USD 49.45 0.92 1.90% |
Independent Bank fundamentals help investors to digest information that contributes to Independent Bank's financial success or failures. It also enables traders to predict the movement of Independent Stock. The fundamental analysis module provides a way to measure Independent Bank's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Independent Bank stock.
Independent | Beta |
Independent Bank Company Beta Analysis
Independent Bank's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Independent Bank Beta | 0.85 |
Most of Independent Bank's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Independent Bank is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Independent Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Independent Bank is extremely important. It helps to project a fair market value of Independent Stock properly, considering its historical fundamentals such as Beta. Since Independent Bank's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Independent Bank's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Independent Bank's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Independent Bank has a Beta of 0.85. This is 3.66% higher than that of the Banks sector and significantly higher than that of the Financials industry. The beta for all United States stocks is notably lower than that of the firm.
Independent Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Independent Bank's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Independent Bank could also be used in its relative valuation, which is a method of valuing Independent Bank by comparing valuation metrics of similar companies.Independent Bank is currently under evaluation in beta category among related companies.
Independent Bank Current Valuation Drivers
We derive many important indicators used in calculating different scores of Independent Bank from analyzing Independent Bank's financial statements. These drivers represent accounts that assess Independent Bank's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Independent Bank's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.7B | 2.4B | 2.8B | 3.9B | 2.9B | 3.1B | |
| Enterprise Value | 2.9B | 1.3B | 754.8M | 3.7B | 4.0B | 4.2B |
Independent Bank Institutional Holders
Institutional Holdings refers to the ownership stake in Independent Bank that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Independent Bank's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Independent Bank's value.| Shares | Rockland Trust Co | 2023-12-31 | 648.3 K | Champlain Investment Partners, Llc | 2023-12-31 | 629.2 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 551.6 K | Bank Of New York Mellon Corp | 2023-12-31 | 540.3 K | Btim Corp | 2023-12-31 | 518.1 K | Norges Bank | 2023-12-31 | 498.2 K | Charles Schwab Investment Management Inc | 2023-12-31 | 465.2 K | Ameriprise Financial Inc | 2023-12-31 | 446.9 K | Palisade Capital Management Llc | 2023-12-31 | 446 K | Blackrock Inc | 2023-12-31 | 6.3 M | Vanguard Group Inc | 2023-12-31 | 5.3 M |
Independent Bank returns are very sensitive to returns on the market. As the market goes up or down, Independent Bank is expected to follow.
Independent Fundamentals
| Return On Equity | 0.0828 | ||||
| Return On Asset | 0.0124 | ||||
| Profit Margin | 0.34 % | ||||
| Operating Margin | 0.45 % | ||||
| Current Valuation | 3.16 B | ||||
| Shares Outstanding | 42.45 M | ||||
| Shares Owned By Insiders | 1.13 % | ||||
| Shares Owned By Institutions | 85.41 % | ||||
| Number Of Shares Shorted | 721.17 K | ||||
| Price To Earning | 21.94 X | ||||
| Price To Book | 0.71 X | ||||
| Price To Sales | 2.92 X | ||||
| Revenue | 795.73 M | ||||
| Gross Profit | 718.36 M | ||||
| EBITDA | 315.13 M | ||||
| Net Income | 239.5 M | ||||
| Cash And Equivalents | 936.3 M | ||||
| Cash Per Share | 20.52 X | ||||
| Total Debt | 1.27 B | ||||
| Debt To Equity | 0.14 % | ||||
| Book Value Per Share | 67.53 X | ||||
| Cash Flow From Operations | 281.56 M | ||||
| Short Ratio | 2.42 X | ||||
| Earnings Per Share | 5.42 X | ||||
| Price To Earnings To Growth | 11.00 X | ||||
| Target Price | 61.0 | ||||
| Number Of Employees | 1.79 K | ||||
| Beta | 0.85 | ||||
| Market Capitalization | 2.06 B | ||||
| Total Asset | 19.35 B | ||||
| Retained Earnings | 1.08 B | ||||
| Annual Yield | 0.05 % | ||||
| Five Year Return | 2.25 % | ||||
| Net Asset | 19.35 B | ||||
| Last Dividend Paid | 2.2 |
About Independent Bank Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Independent Bank's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Independent Bank using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Independent Bank based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Try AI Portfolio ArchitectCheck out Independent Bank Piotroski F Score and Independent Bank Altman Z Score analysis. For information on how to trade Independent Stock refer to our How to Trade Independent Stock guide.Note that the Independent Bank information on this page should be used as a complementary analysis to other Independent Bank'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 the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary 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.
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Is Independent Bank'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 Bank. 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 Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.26) | Dividend Share 2.2 | Earnings Share 5.42 | Revenue Per Share 16.015 | Quarterly Revenue Growth (0.11) |
The market value of Independent Bank 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 Bank's value that differs from its market value or its book value, called intrinsic value, which is Independent Bank'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 Bank's market value can be influenced by many factors that don't directly affect Independent Bank'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 Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independent Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independent Bank'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.