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How to buy Independent Bank stock | $74.44

Own Independent Bank stock in just a few minutes.

Fact checked

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.

How to buy shares in Independent Bank

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Independent Bank. Find the stock by name or ticker symbol: INDB. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Independent Bank reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$74.44, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Independent Bank, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Independent Bank. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Independent Bank share price

Use our graph to track the performance of INDB stocks over time.

Independent Bank shares at a glance

Information last updated 2020-12-27.
Latest market closeUSD$74.44
52-week rangeUSD$48.9447 - USD$82.1237
50-day moving average USD$71.2197
200-day moving average USD$63.6368
Wall St. target priceUSD$74.75
PE ratio 18.5668
Dividend yield USD$1.84 (2.49%)
Earnings per share (TTM) USD$3.984

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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.

Is it a good time to buy Independent Bank stock?

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.

Independent Bank price performance over time

Historical closes compared with the close of $74.44 from 2020-12-18

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

Is Independent Bank under- or over-valued?

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 P/E ratio

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 PEG ratio

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.

Independent Bank financials

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%
Profit margin 30.89%
Book value $51.273
Market capitalisation USD$2.4 billion

TTM: trailing 12 months

Shorting Independent Bank shares

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)

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.

Independent Bank share dividends

46%

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").

Have Independent Bank's shares ever split?

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.

Independent Bank share price volatility

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".

INDB.US volatility(beta: 1.03)Avg. volatility(beta: 1.00)LowHigh

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 overview

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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