Independent Bank Corp. (INDB): Price and Financial Metrics


Independent Bank Corp. (INDB): $77.16

-0.40 (-0.52%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

INDB POWR Grades

  • Growth is the dimension where INDB ranks best; there it ranks ahead of 80.72% of US stocks.
  • INDB's strongest trending metric is Growth; it's been moving up over the last 177 days.
  • INDB ranks lowest in Sentiment; there it ranks in the 8th percentile.

INDB Stock Summary

  • With a year-over-year growth in debt of -27.82%, INDEPENDENT BANK CORP's debt growth rate surpasses just 11.2% of about US stocks.
  • The volatility of INDEPENDENT BANK CORP's share price is greater than that of just 3.26% US stocks with at least 200 days of trading history.
  • INDEPENDENT BANK CORP's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 23.68%, greater than the shareholder yield of 93.95% of stocks in our set.
  • Stocks with similar financial metrics, market capitalization, and price volatility to INDEPENDENT BANK CORP are STBA, FCBC, SYBT, FBNC, and HOMB.
  • INDB's SEC filings can be seen here. And to visit INDEPENDENT BANK CORP's official web site, go to www.rocklandtrust.com.

INDB Valuation Summary

  • In comparison to the median Financial Services stock, INDB's price/sales ratio is 89.66% higher, now standing at 5.5.
  • INDB's EV/EBIT ratio has moved down 7.4 over the prior 243 months.

Below are key valuation metrics over time for INDB.

Stock Date P/S P/B P/E EV/EBIT
INDB 2023-01-23 5.5 1.2 18.6 10.9
INDB 2023-01-20 5.5 1.2 18.6 10.9
INDB 2023-01-19 5.6 1.3 19.2 11.3
INDB 2023-01-18 5.7 1.3 19.3 11.4
INDB 2023-01-17 5.8 1.3 19.7 11.7
INDB 2023-01-13 5.8 1.3 19.8 11.8

INDB Growth Metrics

    Its 4 year price growth rate is now at -0.93%.
  • The 4 year revenue growth rate now stands at 60.13%.
  • The 3 year net cashflow from operations growth rate now stands at 39.52%.
Over the past 67 months, INDB's revenue has gone up $333,076,000.

The table below shows INDB's growth in key financial areas (numbers in millions of US dollars).

Date Revenue Operating Cash Flow Net Income to Common Stock
2022-09-30 642.264 339.284 188.472
2022-06-30 581.016 244.905 156.582
2022-03-31 531.578 198.284 132.378
2021-12-31 489.204 190.22 120.992
2021-09-30 492.11 210.608 153.931
2021-06-30 478.292 195.751 148.797

INDB's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.
  • INDB has a Quality Grade of C, ranking ahead of 34.61% of graded US stocks.
  • INDB's asset turnover comes in at 0.035 -- ranking 283rd of 430 Banking stocks.
  • ACNB, MTB, and RVSB are the stocks whose asset turnover ratios are most correlated with INDB.

The table below shows INDB's key quality metrics over time.

Period Asset Turnover Gross Margin ROIC
2021-06-30 0.035 1 0.017
2021-03-31 0.034 1 0.015
2020-12-31 0.033 1 0.013
2020-09-30 0.035 1 0.015
2020-06-30 0.038 1 0.017
2020-03-31 0.043 1 0.018

INDB Price Target

For more insight on analysts targets of INDB, see our INDB price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $90.50 Average Broker Recommendation 1.38 (Strong Buy)

INDB Stock Price Chart Interactive Chart >

Price chart for INDB

INDB Price/Volume Stats

Current price $77.16 52-week high $91.65
Prev. close $77.56 52-week low $74.28
Day low $76.02 Volume 240,900
Day high $78.57 Avg. volume 237,689
50-day MA $83.79 Dividend yield 2.85%
200-day MA $81.60 Market Cap 3.52B

Independent Bank Corp. (INDB) Company Bio


Independent Bank Corporation provides banking products and services primarily to small-to-medium sized businesses and individuals in Massachusetts. The company was founded in 1907 and is based in Rockland, Massachusetts.


INDB Latest News Stream


Event/Time News Detail
Loading, please wait...

INDB Latest Social Stream


Loading social stream, please wait...

View Full INDB Social Stream

Latest INDB News From Around the Web

Below are the latest news stories about INDEPENDENT BANK CORP that investors may wish to consider to help them evaluate INDB as an investment opportunity.

Rockland Trust’s Investment Management Group Announces a Record Year with $5.8 Billion in Assets Under Administration

ROCKLAND, Mass., January 24, 2023--Rockland Trust’s Investment Management Group (IMG) achieved a new record, closing out the year with $5.8 billion in Assets Under Administration (AUA) as of December 31, 2022. Despite strong headwinds in the stock and bond markets, IMG’s AUA has grown by nearly 17 percent, from December 31, 2020, to December 31, 2022. The team also achieved a record year of gross new business generation totaling $1.2 billion and made strategic hires throughout the Bank’s footpri

Yahoo | January 24, 2023

Here's Why We Think Independent Bank (NASDAQ:INDB) Is Well Worth Watching

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

Yahoo | January 23, 2023

Independent Bank Corp. (NASDAQ:INDB) Q4 2022 Earnings Call Transcript

Independent Bank Corp. (NASDAQ:INDB) Q4 2022 Earnings Call Transcript January 20, 2023 Operator: Good day, and welcome to the INDB Independent Bank Corp. Fourth Quarter 2022 Earnings Call. All participants will be in listen-only mode. After today’s presentation, there will be an opportunity to ask questions. Before proceeding, please note that during this call, we […]

Yahoo | January 22, 2023

Are You Looking for a High-Growth Dividend Stock?

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank Corp. (INDB) have what it takes? Let's find out.

Yahoo | January 20, 2023

Independent Bank Corp. (INDB) Q4 Earnings and Revenues Beat Estimates

Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 1.81% and 1.96%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Yahoo | January 19, 2023

Read More 'INDB' Stories Here

INDB Price Returns

1-mo -8.61%
3-mo -9.05%
6-mo -6.42%
1-year -6.14%
3-year 15.72%
5-year 20.86%
YTD -8.61%
2022 6.25%
2021 14.36%
2020 -9.62%
2019 21.11%
2018 2.71%

INDB Dividends

Ex-Dividend Date Type Payout Amount Change
Loading, please wait...
View Full INDB Dividend History

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!


Page generated in 0.8108 seconds.