Independent Bank Intrinsic Value Calculator – Los Angeles Capital Management LLC Decreases Stake in Independent Bank Co. by 3.5%
August 10, 2023
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Independent Bank ($NASDAQ:IBTX) Co. is a bank holding company headquartered in Grand Rapids, Michigan. The company’s stock is listed on the NASDAQ Global Select Market. This was made evident in the company’s most recent filing with the Securities and Exchange Commission (SEC). Independent Bank Co. has seen a steady increase in its stock price over the past few months, as investors are starting to recognize the potential of the company and its services.
However, it is still a major shareholder and will continue to benefit from any potential gains in the value of the stock.
Analysis – Independent Bank Intrinsic Value Calculator
At GoodWhale, we recently completed an analysis of the wellbeing of INDEPENDENT BANK. Our proprietary Valuation Line placed the fair value of INDEPENDENT BANK share at $69.2. However, as of this moment its stock is being traded at $44.7, which is 35.4% lower than what our analysis suggested as fair value. This presents an opportunity that has attracted our attention and we are currently exploring ways to capitalize on this situation. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Independent Bank. More…
| Total Revenues | Net Income | Net Margin |
| – | 88.06 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Independent Bank. More…
| Operations | Investing | Financing |
| 233.86 | -520.26 | 413.15 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Independent Bank. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 18.72k | 16.37k | – |
Key Ratios Snapshot
Some of the financial key ratios for Independent Bank are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.7% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Peers
The company’s subsidiary banks include Independent Bank, LegacyTexas Bank, and First National Bank of Jacksboro. The company operates in three segments: Banking, Mortgage Banking, and Insurance. The company offers a range of deposit and loan products and services to individuals, businesses, and public and private entities. The company’s competitors include PT Bank Pembangunan Daerah Jawa Timur Tbk, Partners Bancorp, and Systematic Savings Bank.
– PT Bank Pembangunan Daerah Jawa Timur Tbk ($IDX:BJTM)
Bank Pembangunan Daerah Jawa Timur Tbk has a market cap of 10.36T as of 2022. The company operates in the banking industry in Indonesia. It offers various banking products and services such as savings and deposits, loans, financing, money transfer, and others. The company was founded in 1962 and is headquartered in Surabaya, Indonesia.
– Partners Bancorp ($NASDAQ:PTRS)
As of 2022, Partners Bancorp has a market cap of 171.53M. The company is a regional bank that operates in New York, New Jersey, and Pennsylvania. Partners Bancorp offers a full range of banking and lending products and services to both individuals and businesses.
Summary
Investing in Independent Bank Co. has been volatile in recent quarters, with Los Angeles Capital Management LLC reducing their stake by 3.5% in the first quarter. Investors should research and weigh the risk factors associated with investing in the stock, such as the ability of the company to continue to grow earnings and increase dividends, its competitive advantages, and its ability to identify and capitalize on growth opportunities. Additionally, investors should consider the company’s financial health, including its balance sheet, liquidity, and profitability metrics. A comprehensive understanding of the stock will allow investors to make informed decisions regarding investments in Independent Bank Co.
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