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

Independent Bank Corp. (INDB): $48.93

0.50 (-1.01%)

POWR Rating

Component Grades








Add INDB to Watchlist
Sign Up

Industry: Northeast Regional Banks




#61 of 66

in industry

INDB Price/Volume Stats

Current price $48.93 52-week high $91.65
Prev. close $49.43 52-week low $43.28
Day low $48.68 Volume 94,660
Day high $49.53 Avg. volume 260,938
50-day MA $54.73 Dividend yield 4.41%
200-day MA $63.20 Market Cap 2.16B

INDB Stock Price Chart Interactive Chart >


  • Stability is the dimension where INDB ranks best; there it ranks ahead of 58.7% of US stocks.
  • The strongest trend for INDB is in Growth, which has been heading down over the past 179 days.
  • INDB ranks lowest in Sentiment; there it ranks in the 5th percentile.

INDB Stock Summary

  • INDB's went public 33.51 years ago, making it older than 85.21% of listed US stocks we're tracking.
  • With a year-over-year growth in debt of 551.47%, INDEPENDENT BANK CORP's debt growth rate surpasses 97.69% of about US stocks.
  • In terms of twelve month growth in earnings before interest and taxes, INDEPENDENT BANK CORP is reporting a growth rate of 74.98%; that's higher than 85.43% of US stocks.
  • Stocks with similar financial metrics, market capitalization, and price volatility to INDEPENDENT BANK CORP are FHB, RVSB, STBA, OBT, and TSBK.
  • Visit INDB's SEC page to see the company's official filings. To visit the company's web site, go to

INDB Valuation Summary

  • INDB's price/sales ratio is 3; this is 200% higher than that of the median Financial Services stock.
  • Over the past 243 months, INDB's price/sales ratio has gone down 0.3.

Below are key valuation metrics over time for INDB.

Stock Date P/S P/B P/E EV/EBIT
INDB 2023-09-15 3.0 0.8 8.3 7.9
INDB 2023-09-14 3.1 0.8 8.4 8.0
INDB 2023-09-13 3.0 0.8 8.3 7.9
INDB 2023-09-12 3.1 0.8 8.5 8.1
INDB 2023-09-11 3.1 0.8 8.6 8.1
INDB 2023-09-08 3.2 0.8 8.8 8.3

INDB Growth Metrics

    Its year over year net income to common stockholders growth rate is now at -2.75%.
  • Its 4 year revenue growth rate is now at 60.13%.
  • Its 2 year cash and equivalents growth rate is now at 290.42%.
Over the past 33 months, INDB's revenue has gone up $139,835,000.

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)

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 names Lee Powlus as new executive to lead tech expansion

Rockland Trust has named Lee Powlus as its new chief technology and operations officer, as the bank bets big on its banking technology products.

Yahoo | September 18, 2023

2.0% earnings growth over 5 years has not materialized into gains for Independent Bank (NASDAQ:INDB) shareholders over that period

For many, the main point of investing is to generate higher returns than the overall market. But even the best stock...

Yahoo | September 8, 2023

Independent Bank Corp. CEO Jeffrey Tengel and CFO Mark J. Ruggiero to Participate in the 2023 Raymond James U.S. Bank and Banking on Tech Conferences

ROCKLAND, Mass., August 30, 2023--Jeffrey Tengel, Chief Executive Officer and Mark J. Ruggiero, Chief Financial Officer and Executive Vice President of Consumer Lending of Independent Bank Corp. (NASDAQ Global Select Market: INDB) will participate in the 2023 Raymond James U.S. Bank and Banking on Tech Conferences on September 6, 2023. The conference will take place at the Marriott Marquis Chicago, 2121 South Prairie Avenue, Chicago, IL 66016.

Yahoo | August 30, 2023

Following a 26% decline over last year, recent gains may please Independent Bank Corp. (NASDAQ:INDB) institutional owners

Key Insights Given the large stake in the stock by institutions, Independent Bank's stock price might be vulnerable to...

Yahoo | July 29, 2023

Q2 2023 Independent Bank Corp (Massachusetts) Earnings Call

Q2 2023 Independent Bank Corp (Massachusetts) Earnings Call

Yahoo | July 22, 2023

Read More 'INDB' Stories Here

INDB Price Returns

1-mo -8.51%
3-mo 7.75%
6-mo -27.07%
1-year -36.18%
3-year 1.55%
5-year -36.43%
YTD -40.85%
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!