Independent Bank (IBTX) — Strong Cash Flow Growth

Financial Services sector company Independent Bank posted a -0.9% performance today, while the S&P 500 returned -0.5%.

6 analysts are following Independent Bank and have set target prices ranging from $64 to $72 per share. On average, they have given the company a rating of buy. At today's prices, IBTX is trading -3.43% away from its average analyst target price of $66.5 per share.

Over the last year, IBTX shares have gone down by -16.2%, which represents a difference of -8.4% when compared to the S&P 500. The stock's 52 week high is $79.09 per share and its 52 week low is $56.22. With average free cash flows of $160,292,000.0 that have been growing at an average rate of 24.4% over the last three years, Independent Bank declining stock performance may not be reflective of the quality of its underlying business.

Date Reported Cash Flow from Operations ($ MM) Capital expenditures ($ MM) Free Cash Flow ($ MM) YoY Growth (%)
2021-12-31 277 -71 206 54.76
2020-12-31 154 -21 133 -5.99
2019-12-31 173 -32 142 n/a
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.