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


Independent Bank Corp. (INDB): $78.58

-0.51 (-0.64%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

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.

Stock Date P/S P/B P/E EV/EBIT
INDB 2020-08-07 4.9 1.4 15.0 7.5
INDB 2016-06-10 4.3 1.6 17.0 12.8
INDB 2013-02-12 3.2 1.4 15.5 16.7
INDB 2011-11-28 2.4 1.1 11.0 13.4
INDB 2004-04-23 3.4 2.3 15.2 17.7
INDB 2004-04-08 3.7 2.6 16.6 18.6

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.

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 $78.58 52-week high $93.52
Prev. close $79.09 52-week low $68.14
Day low $78.32 Volume 288,300
Day high $80.00 Avg. volume 195,352
50-day MA $80.22 Dividend yield 2.57%
200-day MA $80.98 Market Cap 3.68B

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


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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.

Here's Why Independent Bank (INDB) Stock is Worth Buying Now

Independent Bank's (INDB) organic and inorganic growth efforts, along with solid balance sheet and liquidity positions, make it worth betting on.

Yahoo | February 16, 2022

Independent Bank Corp. COO Robert D. Cozzone and CFO Mark J. Ruggiero to Participate in the 2022 KBW Winter Financial Services Symposium

ROCKLAND, Mass., February 07, 2022--Robert D. Cozzone, Executive Vice President and Chief Operating Officer and Mark J. Ruggiero, Chief Financial Officer and Chief Accounting Officer of Independent Bank Corp. (NASDAQ Global Select Market: INDB) will participate in the 2022 KBW Winter Financial Services Symposium on February 17, 2022. The conference will take place at The Boca Raton Resort, 501 E Camino Real, Boca Raton, FL 33432.

Yahoo | February 7, 2022

Salzhauer Michael Buys Bank of America Corp, Wells Fargo, Citigroup Inc, Sells , ,

New York, NY, based Investment company Salzhauer Michael (Current Portfolio) buys Bank of America Corp, Wells Fargo, Citigroup Inc, Fifth Third Bancorp, Capital One Financial Corp, sells , , , , Amerant Bancorp Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Salzhauer Michael.

Yahoo | February 4, 2022

Taylor Investment Counselors Llc Buys Western Midstream Partners LP, iShares Russell 2000 Value ...

Boston, MA, based Investment company Taylor Investment Counselors Llc (Current Portfolio) buys Western Midstream Partners LP, iShares Russell 2000 Value ETF, Civitas Resources Inc, Civitas Resources Inc, Secure Energy Services Inc, sells Activision Blizzard Inc, Phillips 66 Partners LP, , S&P 500 ETF TRUST ETF, Chegg Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Taylor Investment Counselors Llc.

Yahoo | February 3, 2022

SummerHaven Investment Management, LLC Buys Independent Bank Corp, Sells Echo Global Logistics Inc,

Investment company SummerHaven Investment Management, LLC (Current Portfolio) buys Independent Bank Corp, sells Echo Global Logistics Inc, during the 3-months ended 2021Q4, according to the most recent filings of the investment company, SummerHaven Investment Management, LLC.

Yahoo | January 26, 2022

Read More 'INDB' Stories Here

INDB Price Returns

1-mo -2.63%
3-mo -7.23%
6-mo -6.12%
1-year 2.73%
3-year 9.75%
5-year 44.26%
YTD -3.03%
2021 14.36%
2020 -9.62%
2019 21.11%
2018 2.71%
2017 1.05%

INDB Dividends

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