- Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. Despite the fact that it has already risen in the past year, there is currently no conclusive evidence that warrants the purchase or sale of this stock.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Thrifts & Mortgage Finance industry. The net income has significantly decreased by 49.9% when compared to the same quarter one year ago, falling from $1.69 million to $0.85 million.
- Net operating cash flow has declined marginally to $5.00 million or 4.12% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
NEW YORK ( TheStreet) -- Indiana Community Bancorp (Nasdaq: INCB) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, solid stock price performance and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and feeble growth in the company's earnings per share. Highlights from the ratings report include: