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Independent Bank Corp is a banks-regional business based in the US. Independent Bank shares (INDB) are listed on the NASDAQ and all prices are listed in US Dollars. Independent Bank employs 1,348 staff and has a trailing 12-month revenue of around USD$433.8 million.
|Latest market close||USD$74.44|
|52-week range||USD$48.9447 - USD$82.1237|
|50-day moving average||USD$71.2197|
|200-day moving average||USD$63.6368|
|Wall St. target price||USD$74.75|
|Dividend yield||USD$1.84 (2.49%)|
|Earnings per share (TTM)||USD$3.984|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2021-01-09)||N/A|
|1 month (2020-12-18)||74.44|
|3 months (2020-10-16)||40.61%|
|6 months (2020-07-17)||15.07%|
|1 year (2020-01-17)||-7.01%|
|2 years (2019-01-18)||-2.37%|
|3 years (2018-01-18)||2.75%|
|5 years (2016-01-16)||N/A|
Valuing Independent Bank stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Independent Bank's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Independent Bank's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 19x. In other words, Independent Bank shares trade at around 19x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Independent Bank's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 10.9971. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Independent Bank's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
|Revenue TTM||USD$433.8 million|
|Operating margin TTM||40.09%|
|Gross profit TTM||USD$497.9 million|
|Return on assets TTM||1.09%|
|Return on equity TTM||7.95%|
|Market capitalisation||USD$2.4 billion|
TTM: trailing 12 months
There are currently 767,361 Independent Bank shares held short by investors – that's known as Independent Bank's "short interest". This figure is 6% up from 724,059 last month.
There are a few different ways that this level of interest in shorting Independent Bank shares can be evaluated.
Independent Bank's "short interest ratio" (SIR) is the quantity of Independent Bank shares currently shorted divided by the average quantity of Independent Bank shares traded daily (recently around 111050.7959479). Independent Bank's SIR currently stands at 6.91. In other words for every 100,000 Independent Bank shares traded daily on the market, roughly 6910 shares are currently held short.
However Independent Bank's short interest can also be evaluated against the total number of Independent Bank shares, or, against the total number of tradable Independent Bank shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Independent Bank's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Independent Bank shares in existence, roughly 20 shares are currently held short) or 0.0318% of the tradable shares (for every 100,000 tradable Independent Bank shares, roughly 32 shares are currently held short).
A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Independent Bank.
Find out more about how you can short Independent Bank stock.
Dividend payout ratio: 46.12% of net profits
Recently Independent Bank has paid out, on average, around 46.12% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.49% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Independent Bank shareholders could enjoy a 2.49% return on their shares, in the form of dividend payments. In Independent Bank's case, that would currently equate to about $1.84 per share.
While Independent Bank's payout ratio might seem fairly standard, it's worth remembering that Independent Bank may be investing much of the rest of its net profits in future growth.
Independent Bank's most recent dividend payout was on 8 January 2021. The latest dividend was paid out to all shareholders who bought their shares by 24 December 2020 (the "ex-dividend date").
Independent Bank's shares were split on a 3:2 basis on 1 October 1987. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Independent Bank shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for Independent Bank shares which in turn could have impacted Independent Bank's share price.
Over the last 12 months, Independent Bank's shares have ranged in value from as little as $48.9447 up to $82.1237. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Independent Bank's is 1.031. This would suggest that Independent Bank's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. Its products and services include demand deposits and time certificates of deposit, as well as checking, money market, and savings accounts. The company's loan portfolio includes commercial loans, such as commercial and industrial, asset-based, commercial real estate, commercial construction, and small business loans; consumer real estate loans, including residential mortgages and home equity loans, and loans for the construction of residential properties; and personal loans. It also provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as automated teller machine (ATM) cards and debit cards; and mutual fund shares, unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. It operates through a network of 95 full service and 2 limited service retail branches, 15 commercial banking centers, 9 investment management offices, and 7 mortgage lending centers in Eastern Massachusetts, Greater Boston, the South Shore, and the Cape and Islands, as well as in Worcester County and Rhode Island. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
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