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45
INDB Quote, Financials, Valuation and Earnings
Last price:
$65.94
Seasonality move
:
6.85%
Day range:
$65.42 - $67.02
52-week range:
$45.11 - $77.23
Dividend yield:
3.42%
P/E ratio:
14.37x
P/S ratio:
4.14x
P/B ratio:
0.94x
Volume:
213K
Avg. volume:
263.5K
1-year change:
0.23%
Market cap:
$2.8B
Revenue:
$722.1M
EPS (TTM):
$4.60
Analysts' Opinion
-
Consensus RatingIndependent Bank has received a consensus rating of Hold. The company's average rating is a Hold based on 0 Buy ratings, 4 Hold ratings, and 0 Sell ratings.
-
Price Target UpsideAccording to analysts' consensus price target of $59.50, Independent Bank has an estimated upside of 17.61% from its current price of $66.11.
-
Price Target DownsideAccording to analysts, the lowest downside price target is $55.00 representing 100% downside risk from its current price of $66.11.
Fair Value
-
According to the consensus of 4 analysts, Independent Bank has 17.61% upside to fair value with a price target of $59.50 per share.
INDB vs. S&P 500
-
Over the past 5 trading days, Independent Bank has underperformed the S&P 500 by -7.58% suggesting its relative strength compared to the major market average is weak at this time.
Share Buyback
-
Independent Bank does not have a share repurchase program in place at this time. The scale of a buyback program can materially affect share price and usually results in a higher earnings per share, all else being equal, when the share count drops.
Revenue Growth
-
Independent Bank revenues have been falling on a year-over-year basis for 5 quarters in a row. In the most recent quarter Independent Bank reported revenues of $174.6M.
Earnings Growth
-
Independent Bank earnings have been falling on a year-over-year basis for 5 quarters in a row. In the most recent quarter Independent Bank reported earnings per share of $1.01.
Enterprise value:
1.8B
EV / Invested capital:
0.49x
Price / LTM sales:
4.14x
EV / EBIT:
3.36x
EV / Revenue:
2.64x
PEG ratio (5yr expected):
--
EV / Free cash flow:
8.18x
Price / Operating cash flow:
12.84x
Enterprise value / EBITDA:
--
Gross Profit (TTM):
--
Return On Assets:
1.02%
Net Income Margin (TTM):
28.82%
Return On Equity:
6.76%
Return On Invested Capital:
5.14%
Operating Margin:
--
| Trailing 12 Months | Fiscal Quarters | |||||
|---|---|---|---|---|---|---|
| Period Ending | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2023-09-30 | 2024-09-30 | |
| Income Statement | ||||||
| Revenue | $672M | $745.8M | $683.1M | $181.1M | $174.6M | |
| Gross Profit | -- | -- | -- | -- | -- | |
| Operating Income | -- | -- | -- | -- | -- | |
| EBITDA | -- | -- | -- | -- | -- | |
| Diluted EPS | $4.05 | $5.85 | $4.60 | $1.38 | $1.01 | |
| Period Ending | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | |
|---|---|---|---|---|---|---|
| Balance Sheet | ||||||
| Current Assets | $1.7B | $3.4B | $2.4B | $1.6B | $1.7B | |
| Total Assets | $13.2B | $14.5B | $19.7B | $19.4B | $19.4B | |
| Current Liabilities | -- | -- | -- | -- | -- | |
| Total Liabilities | $11.5B | $12.8B | $16.9B | $16.5B | $16.4B | |
| Total Equity | $1.7B | $1.8B | $2.8B | $2.9B | $3B | |
| Total Debt | $295.7M | $157M | $113.4M | $1B | $663.4M | |
| Trailing 12 Months | Fiscal Quarters | |||||
|---|---|---|---|---|---|---|
| Period Ending | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2023-09-30 | 2024-09-30 | |
| Cash Flow Statement | ||||||
| Cash Flow Operations | $339.3M | $338.8M | $240.5M | $81.3M | $70.2M | |
| Cash From Investing | -$205.8M | -$446.9M | $113.8M | -$56.3M | $62.5M | |
| Cash From Financing | -$1.2B | -$608.1M | -$150M | -$113.1M | -$22.2M | |
| Free Cash Flow | $312.2M | $325.2M | $220.2M | $78.4M | $64.4M | |
INDB
Sector
Market Cap
$2.8B
$700.3M
Price % of 52-Week High
85.6%
88.31%
Dividend Yield
3.42%
2.2%
Shareholder Yield
--
3.87%
1-Year Price Total Return
0.23%
7.75%
Beta (5-Year)
0.759
0.737
Dividend yield:
3.42%
Annualized payout:
$2.20
Payout ratio:
48.9%
Growth streak:
13 years
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Technicals
8-day SMA
Sell
Level
$67.70
200-day SMA
Buy
Level
$57.84
Bollinger Bands (100)
Buy
Level
58.55 - 69.63
Chaikin Money Flow
Buy
Level
30M
20-day SMA
Sell
Level
$70.22
Relative Strength Index (RSI14)
Sell
Level
37.77
ADX Line
Buy
Level
20.81
Williams %R
Buy
Level
-83.5802
50-day SMA
Sell
Level
$68.45
MACD (12, 26)
Sell
Level
-0.87
25-day Aroon Oscillator
Sell
Level
-72
On Balance Volume
Neutral
Level
14.6M
Financial Scores
--
Altman Z-Score
(Annual)
Level (--)
Sell
CA Score
(Annual)
Level (-1.9422)
--
Beneish M-Score
(Annual)
Level (--)
Buy
Momentum Score
Level (8)
--
Ohlson Score
Level (--)
--
Piotroski F Score
(Annual)
Level (--)
--
Quality Ratio Score
Level (--)
Buy
Fundamental Score
Level (8)
Revenue Forecast
Earnings per Share Forecast
Company Profile
Independent Bank Corp is a bank holding company and the sole shareholder of its bank, the Rockland Trust Company. Rockland is a community-oriented commercial bank. The bank provides a variety of banking, investment and financial services, operating with various retail branches, as well as a network of commercial and residential lending centers, and investment management offices majorly in Eastern Massachusetts, Worcester County, and Rhode Island. The bank's loan portfolio constitutes the bulk of the bank's total assets. Its borrowers consist mostly of small to medium-size businesses and consumers, majority of which are made to its market area in eastern Massachusetts and Rhode Island. The bank's loan portfolio is predominantly in commercial loans.
Stock Forecast FAQ
In the current month, INDB has received 0 Buy ratings 4 Hold ratings, and 0 Sell ratings. The INDB average analyst price target in the past 3 months is $59.50.
-
Where Will Independent Bank Stock Be In 1 Year?
According to analysts, the consensus estimate is that Independent Bank share price will rise to $59.50 per share over the next 12 months.
-
What Do Analysts Say About Independent Bank?
Analysts are divided on their view about Independent Bank share price and where it will be in the next 12 months. The majority of analysts rate the stock a Buy. However, a smaller subset of analysts suggest that Independent Bank is a Sell and believe this share price will drop from its current level to $55.00.
-
What Is Independent Bank's Price Target?
The price target for Independent Bank over the next 1-year time period is forecast to be $59.50 according to 4 Wall Street analysts, 0 of them rate the stock a Buy, 0 rate the stock a Sell, and 4 analysts rate the stock a Hold.
-
Is INDB A Buy, Sell Or Hold?
According to Wall Street analysts, the consensus rating for Independent Bank is a Hold. 4 of 4 analysts rate the stock a Hold at this time.
-
How Can I Buy Shares Of INDB?
You can purchase shares of Independent Bank via an online brokerage firm such as TD Ameritrade.com, thinkorswim.com, e-trade.com, TastyTrade.com, or Schwab.com. Many other digital online brokerages exist such as RobinHood and Webull where you can purchase Independent Bank shares.
-
What Is The Independent Bank Share Price Today?
Independent Bank was last trading at $65.94 per share. This represents the most recent stock quote for Independent Bank. Yesterday, Independent Bank closed at $66.11 per share.
-
How To Buy Independent Bank Stock Online?
In order to purchase Independent Bank stock online, open a brokerage account, deposit funds into the account, and select an order type to purchase shares whether it be market or limit.
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