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 1,432 staff and has a trailing 12-month revenue of around 0.00.
How to buy shares in Independent Bank
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- 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?
- INDB shares summary
- Compare share dealing platforms
- Is INDB stock a buy or sell?
- Stock performance over time
- Can I short INDB shares?
- Are INDB shares over-valued?
- Independent Bank's financials
- How volatile are INDB shares?
- Does Independent Bank pay a dividend?
- Have INDB shares ever split?
- Other common questions
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||$81.61|
|52-week range||$48.38 - $98.69|
|50-day moving average||$78.49|
|200-day moving average||$81.19|
|Wall St. target price||$95.25|
|Dividend yield||$1.86 (2.59%)|
|Earnings per share (TTM)||$4.13|
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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 (2021-07-02)||9.25%|
|1 month (2021-06-11)||2.64%|
|3 months (2021-04-12)||-2.51%|
|6 months (2021-01-12)||2.29%|
|1 year (2020-07-10)||30.04%|
|2 years (2019-07-12)||11.25%|
|3 years (2018-07-12)||3.17%|
|5 years (2016-07-12)||72.28%|
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 17x. In other words, Independent Bank shares trade at around 17x 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||$455 million|
|Operating margin TTM||41.97%|
|Gross profit TTM||$425.6 million|
|Return on assets TTM||1.06%|
|Return on equity TTM||8.02%|
|Market capitalisation||$2.3 billion|
TTM: trailing 12 months
Shorting Independent Bank shares
There are currently 1.3 million Independent Bank shares held short by investors – that's known as Independent Bank's "short interest". This figure is 9.9% up from 1.2 million 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 178277.94316644). Independent Bank's SIR currently stands at 7.39. In other words for every 100,000 Independent Bank shares traded daily on the market, roughly 7390 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 0.04% of the outstanding shares (for every 100,000 Independent Bank shares in existence, roughly 40 shares are currently held short) or 0.0405% of the tradable shares (for every 100,000 tradable Independent Bank shares, roughly 41 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
Dividend payout ratio: 45.41% of net profits
Recently Independent Bank has paid out, on average, around 45.41% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.67% 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 2.67% return on their shares, in the form of dividend payments. In Independent Bank's case, that would currently equate to about $1.86 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 July 2021. The latest dividend was paid out to all shareholders who bought their shares by 24 June 2021 (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 $48.3751 up to $98.6882. 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 0.9815. 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. 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. As of December 31, 2020, it operates through a network of ninety-six full service and two limited service retail branches, sixteen commercial banking centers, ten investment management offices, and eight 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.
Stocks similar to Independent Bank
Independent Bank in the news
Independent Bank Corp.’s Announcement of Date of Second Quarter Conference Call
Dividend Champion And Contender Highlights: Week Of July 4
SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates SPRT, KNL, INDB, SOLY; Shareholders are Encouraged to Contact the Firm
Frequently asked questionsWhat percentage of Independent Bank is owned by insiders or institutions?
Currently 1.401% of Independent Bank shares are held by insiders and 83.218% by institutions. How many people work for Independent Bank?
Latest data suggests 1,432 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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