1st Independence Financial Group Inc. is a NASDAQ listed security that has been trading in a range between $15.24 and $18.00 over the past year. With 1,993,390 shares outstanding, a recent price of $16.80 gives a total market capitalization of $33,488,950. While there are certainly larger companies, 1st Independence Financial Group Inc. has definitely earned its place in the pack. Last year, 1st Independence Financial Group Inc. created $0.79 in earnings for every share outstanding.
1st Independence Financial Group Inc. is currently priced by the market at 21.20 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, 1st Independence Financial Group Inc. could be an interesting value proposition. Consistent earnings are the key to high valuations and this security is well on its way.
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