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How to buy Independent Bank (INDB) stocks in Canada

Learn how to easily invest in Independent Bank stocks.

Independent Bank is a banks-regional business based in the US. Independent Bank stocks (INDB.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $70.1 – a decrease of 4.03% over the previous week. Independent Bank employs 1,432 staff and has a trailing 12-month revenue of around $493.2 million.

How to buy shares in Independent Bank

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. 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.
  5. 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.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Independent Bank stock price (NASDAQ:INDB)

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

Independent Bank shares at a glance

Information last updated 2022-01-17.
Latest market close$83.48
52-week range$67.29 - $97.46
50-day moving average $83.95
200-day moving average $79.21
Wall St. target price$92.75
PE ratio 18.6594
Dividend yield $1.9 (2.21%)
Earnings per share (TTM) $4.66

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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.

Independent Bank price performance over time

Historical closes compared with the close of $83.48 from 2022-01-21

1 week (2022-01-14) -4.03%
1 month (2021-12-23) 4.57%
3 months (2021-10-22) -1.59%
6 months (2021-07-23) 20.69%
1 year (2021-01-22) 6.92%
2 years (2020-01-24) 9.87%
3 years (2019-01-24) 7.23%
5 years (2017-01-24) 31.88%

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 $493.2 million
Operating margin TTM 44.56%
Gross profit TTM $425.6 million
Return on assets TTM 1.11%
Return on equity TTM 8.94%
Profit margin 31.21%
Book value $53.14
Market capitalisation $4.1 billion

TTM: trailing 12 months

Independent Bank share dividends

41%

Dividend payout ratio: 40.59% of net profits

Recently Independent Bank has paid out, on average, around 40.59% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.21% 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 2.21% return on their shares, in the form of dividend payments. In Independent Bank's case, that would currently equate to about $1.9 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 January 2022. The latest dividend was paid out to all shareholders who bought their shares by 22 December 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 $67.2913 up to $97.4589. A popular way to gauge a stock's volatility is its "beta".

INDB.US volatility(beta: 0.97)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 0.9742. 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.

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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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