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How to buy Independent Bank stock
Learn how to easily invest in Independent Bank stock.
Independent Bank 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 1,691 staff and has a trailing 12-month revenue of around $580.9 million.
How to buy shares in Independent Bank
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – INDB – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
What's in this guide?
Independent Bank stock price (NASDAQ: INDB)Use our graph to track the performance of INDB stocks over time.
Independent Bank shares at a glance
|Latest market close||$75.91|
|52-week range||$73.16 - $91.20|
|50-day moving average||$81.48|
|200-day moving average||$81.64|
|Wall St. target price||$97.33|
|Dividend yield||$1.98 (2.63%)|
|Earnings per share (TTM)||$3.51|
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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
|1 week (2022-09-21)||-4.25%|
|1 month (2022-08-26)||-4.98%|
|3 months (2022-06-28)||-5.21%|
|6 months (2022-03-28)||-10.22%|
|1 year (2021-09-28)||0.76%|
|2 years (2020-09-28)||50.79%|
|3 years (2019-09-27)||1.15%|
|5 years (2017-09-28)||1.89%|
Is Independent Bank stock undervalued or overvalued?
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 22x. In other words, Independent Bank shares trade at around 22x 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||$580.9 million|
|Operating margin TTM||45.49%|
|Gross profit TTM||$489.1 million|
|Return on assets TTM||0.92%|
|Return on equity TTM||6.79%|
|Market capitalisation||$3.6 billion|
TTM: trailing 12 months
Independent Bank share dividends
Dividend payout ratio: 37.29% of net profits
Recently Independent Bank has paid out, on average, around 37.29% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.63% 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 2.63% return on their shares, in the form of dividend payments. In Independent Bank's case, that would currently equate to about $1.98 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 6 October 2022. The latest dividend was paid out to all shareholders who bought their shares by 22 September 2022 (the "ex-dividend date").
Have Independent Bank's shares ever split?
Independent Bank's shares were split on a 3:2 basis on 30 September 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 $73.1566 up to $91.1972. 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 0.8418. This would suggest that Independent Bank's shares are less volatile than average (for this exchange).
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. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
Independent Bank in the news
Independent Bank Corp. Announces Quarterly Dividend
Long-Term Analyst: Don’t Play the “Fool’s Game” of Timing the Market and Buy These 10 Stocks
Frequently asked questionsWhat percentage of Independent Bank is owned by insiders or institutions?
Currently 1.019% of Independent Bank shares are held by insiders and 88.311% by institutions. How many people work for Independent Bank?
Latest data suggests 1,691 work at Independent Bank. When does the fiscal year end for Independent Bank?
Independent Bank's fiscal year ends in December. Where is Independent Bank based?
Independent Bank's address is: 288 Union Street, Rockland, MA, United States, 02370 What is Independent Bank's ISIN number?
Independent Bank's international securities identification number is: US4538361084 What is Independent Bank's CUSIP number?
Independent Bank's Committee on Uniform Securities Identification Procedures number is: 450836108
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