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Investing in Independent Bank (NASDAQ:INDB) a Year Ago Would Have Delivered You a 36% Gain

Investing in Independent Bank (NASDAQ:INDB) a Year Ago Would Have Delivered You a 36% Gain

一年前投資美國獨立銀行(納斯達克:INDB)將爲您帶來36%的收益。
Simply Wall St ·  10/29 19:12

We believe investing is smart because history shows that stock markets go higher in the long term. But if you choose that path, you're going to buy some stocks that fall short of the market. Unfortunately for shareholders, while the Independent Bank Corp. (NASDAQ:INDB) share price is up 30% in the last year, that falls short of the market return. Unfortunately the longer term returns are not so good, with the stock falling 27% in the last three years.

我們相信投資是明智的,因爲歷史表明股票市場從長期來看會走高。但如果您選擇這條路,您將會買入一些在市場表現不佳的股票。不幸的是,對於股東來說,儘管美國獨立銀行股票(NASDAQ:INDB)的股價在過去一年上漲了30%,但仍然不及市場回報率。更不幸的是,長期回報並不理想,股票在過去三年中下跌了27%。

Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.

現在值得更詳細地了解該公司的基本面,因爲這將幫助我們判斷長期股東回報是否與基礎業務的表現相匹配。

To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

引用本傑明·格雷厄姆的話:在短期內,市場是投票機,但在長期內,市場是稱重機。通過比較每股收益(EPS)和股票價格的時間變化,我們可以感受到投資者對公司的態度隨時間而變化。

During the last year, Independent Bank actually saw its earnings per share drop 21%.

在過去一年中,美國獨立銀行的每股收益實際上下降了21%。

Given the share price gain, we doubt the market is measuring progress with EPS. Therefore, it seems likely that investors are putting more weight on metrics other than EPS, at the moment.

考慮到股價上漲,我們懷疑市場不是通過每股收益來衡量進展。因此,看起來投資者目前更加註重EPS以外的指標。

Independent Bank's revenue actually dropped 10.0% over last year. So using a snapshot of key business metrics doesn't give us a good picture of why the market is bidding up the stock.

美國獨立銀行的營業收入實際上比去年下降了10.0%。因此,使用關鍵業務指標的快照並不能讓我們清楚地了解爲什麼市場在抬高這隻股票的價格。

The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).

下面的圖表顯示了收益和營收隨時間的變化情況(通過單擊圖像揭示確切的值)。

big
NasdaqGS:INDB Earnings and Revenue Growth October 29th 2024
納斯達克:INDb 彙報了2024年10月29日的收益和營業收入增長。

We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. This free report showing analyst forecasts should help you form a view on Independent Bank

我們認爲內部人士在過去一年中進行了重大買入是積極的。話雖如此,大多數人認爲收益和營業收入增長趨勢更有意義,作爲對業務的更有意義的指導。這份免費報告顯示的分析師預測應該可以幫助您對美國獨立銀行形成看法。

What About Dividends?

那麼分紅怎麼樣呢?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Independent Bank the TSR over the last 1 year was 36%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!

除了衡量股價回報之外,投資者還應考慮總股東回報(TSR)。 TSR是一種回報計算,考慮了現金股利價值(假設任何獲得的股利都是再投資)和任何折讓的增資和剝離的計算價值。可以說TSR給出了支付股利的股票更完整的畫面。我們注意到美國獨立銀行過去1年的TSR爲36%,比上面提到的股價回報更好。毫無疑問,股息支付很大程度上解釋了這種分歧!

A Different Perspective

不同的觀點

Independent Bank shareholders gained a total return of 36% during the year. But that return falls short of the market. But at least that's still a gain! Over five years the TSR has been a reduction of 2% per year, over five years. It could well be that the business is stabilizing. Investors who like to make money usually check up on insider purchases, such as the price paid, and total amount bought. You can find out about the insider purchases of Independent Bank by clicking this link.

美國獨立銀行股東在本年度獲得了36%的總回報。但這一回報低於市場。但至少,這仍然是一筆收益!在過去的五年中,TSR每年減少2%,共降低了。很可能是業務在穩定。通常喜歡賺錢的投資者會查看內部人員的購買情況,如支付價格和總購買金額。您可以通過點擊此鏈接了解美國獨立銀行的內部購買情況。

Independent Bank is not the only stock that insiders are buying. For those who like to find lesser know companies this free list of growing companies with recent insider purchasing, could be just the ticket.

Independent Bank 不是唯一一家內部人員在購買的公司。對於那些喜歡尋找不太知名公司的人,這份免費清單中有最近進行內部人員購買的增長公司,可能正好是你需要的。

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.

請注意,本文所引述的市場回報反映了目前在美國交易所上市的股票的市場加權平均回報。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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