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

INDB POWR Grades

• INDB scores best on the Momentum dimension, with a Momentum rank ahead of 89.62% of US stocks.
• INDB's strongest trending metric is Sentiment; it's been moving up over the last 179 days.
• INDB ranks lowest in Value; there it ranks in the 5th percentile.

INDB Stock Summary

• INDB's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 1,323.52 -- higher than 97.63% of US-listed equities with positive expected earnings growth.
• Equity multiplier, or assets relative to shareholders' equity, comes in at 7.64 for Independent Bank Corp; that's greater than it is for 86.2% of US stocks.
• Shareholder yield, a measure of how much is returned to shareholders via dividends and share repurchases, for INDB comes in at 16.58% -- higher than that of 89.72% of stocks in our set.
• If you're looking for stocks that are quantitatively similar to Independent Bank Corp, a group of peers worth examining would be SFBC, PRI, TDS, PB, and CCBG.
• 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

• INDB's EV/EBIT ratio is 2.5; this is 70.93% lower than that of the median Financial Services stock.
• INDB's price/sales ratio has moved up 2.2 over the prior 243 months.
• Over the past 243 months, INDB's price/earnings ratio has gone up 1.1.

Below are key valuation metrics over time for INDB.

INDB Growth Metrics

Its year over year net income to common stockholders growth rate is now at -13.13%.
• Its 2 year price growth rate is now at -12.92%.
• Its 3 year net cashflow from operations growth rate is now at 69.88%.

Over the past 34 months, INDB's revenue has gone up $92,085,000.

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
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
2021-03-31	454.259	142.503	136.127
2020-12-31	426.668	64.636	121.167
2020-09-30	437.047	90.109	134.003

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.