Independent Bank share price today

(INDB)

Independent Bank share price is $71.39 & ₹6,055.59 as on 12 Dec 2024, 2.30 'hrs' IST

$71.39

▲

0.8

(1.13%)

Market is closed - opens 8 PM, 12 Dec 2024

View live Independent Bank share price in Dollar and Rupees. Guide to invest in Independent Bank from India. Also see the sentimental analysis on Indian investors investing in Independent Bank. Get details on the Indian mutual funds that are investing in Independent Bank. Get Analyst recommendations and forecasts along with all the Independent Bank's financials.

Independent Bank share price movements

$70.70
$72.29
$71.39
0.97%
Downside
Day's Volatility :2.2%
Upside
1.24%
$45.11
$77.23
$71.39
36.81%
Downside
52 Weeks Volatility :41.59%
Upside
7.56%

Independent Bank Returns

Period	Independent Bank Corp	Sector (Financials)	Index (Russel 2000)
3 Months	19.42%	12.2%	0.0%
6 Months	47.93%	21.7%	0.0%
1 Year	8.45%	36.7%	0.0%
3 Years	-12.82%	27.3%	-20.0%

Independent Bank Key Statistics

in dollars & INR

Previous Close	$70.59
Open	$71.29
Today's High	$72.29
Today's Low	$70.7
Market Capitalization	$3.0B
Today's Volume	$236.2K
52 Week High	$77.23
52 Week Low	$45.11
Revenue TTM	$655.5M
Earnings Per Share (EPS)	$4.6
PE Ratio	15.35
Dividend Yield	3.23%
Profit Margin	30.03%
Quarterly Earnings Growth YOY	-0.27%
Return On Equity TTM	6.72%

How to invest in Independent Bank from India?

It is very easy for Indian residents to invest directly in Independent Bank from India. Indian investors can open a free US stocks account on the INDmoney app. You can find live prices of the Independent Bank stock in both rupees (INR) and dollars (USD). Search for Independent Bank or INDB on INDmoney app and click on Buy or SIP. You can invest by choosing quantities of shares of Independent Bank or Rupee/ Dollar value or set up a fixed SIP amount to be invested every month or week.

For example: You can easily buy Rs.100 worth of Independent Bank shares which would translate to 0.012 fractional shares of Independent Bank as of today. Learn more about fractional investing here.

Indians via INDmoney can now also, easily transfer and add their money to the US stocks account via INDmoney App. Click here for step by step process for the same

Indian investors sentiment towards Independent Bank

27%

Period: Sep 12, 2024 to Dec 11, 2024. Change in 30 Days versus previous period

Search volume for Independent Bank on INDmoney from India has grown in the last 30 days as on Dec 12, 2024. 27% more investors are searching Independent Bank in the last 30 days versus the previous period.

Global Institutional Holdings in Independent Bank

BlackRock Inc
14.28%
Vanguard Group Inc
11.84%
State Street Corp
5.38%
Dimensional Fund Advisors, Inc.
5.37%
Victory Capital Management Inc.
2.45%
Geode Capital Management, LLC
2.39%

Analyst Recommendation on Independent Bank

Hold

0%Buy

66%Hold

33%Sell

Based on 9 Wall street analysts offering stock ratings for Independent Bank(by analysts ranked 0 to 5 stars)

Based on 9 analyst

Current
1M Ago
3M Ago

Buy

Hold

Sell

Analyst Forecast on Independent Bank

What analysts predicted

Upside of 3.66%

Current:

$71.39

Target:

$74.00

Insights on Independent Bank

Price Movement
In the last 6 months, INDB stock has moved up by 49.4%
Increasing Revenue
Revenue is up for the last 6 quarters, 183.30M → 248.94M (in $), with an average increase of 5.8% per quarter
Decreasing Net Profit
Netprofit is down for the last 2 quarters, 51.33M → 42.94M (in $), with an average decrease of 16.3% per quarter
INDB vs MFG (1 yr)
In the last 1 year, Mizuho Financial Group, Inc. has given 46.5% return, outperforming this stock by 32.2%
INDB vs MFG (3 yr)
In the last 3 years, Mizuho Financial Group, Inc. has given 96.9% return, outperforming this stock by 110.6%
Price to Sales
ForINDB every $1 of sales, investors are willing to pay $4.6, whereas for Mizuho Financial Group, Inc., the investors are paying $0.0 for every $1 of sales.

Independent Bank Financials in INR & Dollars

	FY18	Y/Y Change
Revenue	$386.7M	↑ 13.11%
Net Income	$121.6M	↑ 39.47%
Net Profit Margin	31.45%	↑ 5.94%

	FY19	Y/Y Change
Revenue	$508.4M	↑ 31.49%
Net Income	$165.2M	↑ 35.81%
Net Profit Margin	32.49%	↑ 1.04%

	FY20	Y/Y Change
Revenue	$477.5M	↓ 6.09%
Net Income	$121.2M	↓ 26.64%
Net Profit Margin	25.38%	↓ 7.11%

	FY21	Y/Y Change
Revenue	$507.4M	↑ 6.27%
Net Income	$121.0M	↓ 0.14%
Net Profit Margin	23.85%	↓ 1.53%

	FY22	Y/Y Change
Revenue	$727.9M	↑ 43.46%
Net Income	$263.8M	↑ 118.04%
Net Profit Margin	36.24%	↑ 12.39%

	FY23	Y/Y Change
Revenue	$795.7M	↑ 9.32%
Net Income	$239.5M	↓ 9.22%
Net Profit Margin	30.1%	↓ 6.14%

	Q2 FY23	Q/Q Change
Revenue	$183.3M	↓ 2.1%
Net Income	$62.6M	↑ 2.28%
Net Profit Margin	34.18%	↑ 1.47%

	Q3 FY23	Q/Q Change
Revenue	$183.4M	↑ 0.07%
Net Income	$60.8M	↓ 2.93%
Net Profit Margin	33.15%	↓ 1.03%

	Q4 FY23	Q/Q Change
Revenue	$207.2M	↑ 12.95%
Net Income	$54.8M	↓ 9.88%
Net Profit Margin	26.45%	↓ 6.7%

	Q1 FY24	Q/Q Change
Revenue	$237.7M	↑ 14.76%
Net Income	$47.8M	↓ 12.83%
Net Profit Margin	20.09%	↓ 6.36%

	Q2 FY24	Q/Q Change
Revenue	$243.5M	↑ 2.4%
Net Income	$51.3M	↑ 7.45%
Net Profit Margin	21.08%	↑ 0.99%

	Q3 FY24	Q/Q Change
Revenue	$248.9M	↑ 2.26%
Net Income	$42.9M	↓ 16.33%
Net Profit Margin	17.25%	↓ 3.83%

	FY18	Y/Y Change
Total Assets	$8.9B	↑ 9.52%
Total Liabilities	$7.8B	↑ 8.96%

	FY19	Y/Y Change
Total Assets	$11.4B	↑ 28.74%
Total Liabilities	$303.1M	↓ 96.1%

	FY20	Y/Y Change
Total Assets	$13.2B	↑ 15.88%
Total Liabilities	$181.1M	↓ 40.26%

	FY21	Y/Y Change
Total Assets	$20.4B	↑ 54.67%
Total Liabilities	$152.4M	↓ 15.84%

	FY22	Y/Y Change
Total Assets	$19.3B	↓ 5.53%
Total Liabilities	$16.4B	↑ 10667.9%

	FY23	Y/Y Change
Total Assets	$19.3B	↑ 0.28%
Total Liabilities	$16.5B	↑ 0.27%

	Q2 FY23	Q/Q Change
Total Assets	$19.4B	↓ 0.21%
Total Liabilities	$901.3M	↓ 94.57%

	Q3 FY23	Q/Q Change
Total Assets	$19.4B	↓ 0.17%
Total Liabilities	$1.0B	↑ 10.99%

	Q4 FY23	Q/Q Change
Total Assets	$19.3B	↓ 0.11%
Total Liabilities	$16.5B	↑ 1544.62%

	Q1 FY24	Q/Q Change
Total Assets	$19.3B	↓ 0.12%
Total Liabilities	$16.4B	↓ 0.07%

	Q2 FY24	Q/Q Change
Total Assets	$19.4B	↑ 0.45%
Total Liabilities	$16.5B	↑ 0.31%

	Q3 FY24	Q/Q Change
Total Assets	$19.4B	↓ 0.02%
Total Liabilities	$16.4B	↓ 0.37%

	FY18	Y/Y Change
Operating Cash Flow	$141.8M	↑ 8.35%
Investing Cash Flow	$-387.5M	↑ 22.33%
Financing Cash Flow	$283.0M	↑ 157.56%

	FY19	Y/Y Change
Operating Cash Flow	$216.5M	↑ 52.66%
Investing Cash Flow	$20.2M	↓ 105.2%
Financing Cash Flow	$-336.2M	↓ 218.78%

	FY20	Y/Y Change
Operating Cash Flow	$64.6M	↓ 70.15%
Investing Cash Flow	$-488.2M	↓ 2521.68%
Financing Cash Flow	$1.6B	↓ 566.81%

	FY21	Y/Y Change
Operating Cash Flow	$190.2M	↑ 194.29%
Investing Cash Flow	$-63.1M	↓ 87.07%
Financing Cash Flow	$817.0M	↓ 47.94%

	FY22	Y/Y Change
Operating Cash Flow	$421.2M	↑ 121.43%
Investing Cash Flow	$-1.0B	↑ 1484.63%
Financing Cash Flow	$-1.3B	↓ 260.16%

	Q2 FY23	Q/Q Change
Operating Cash Flow	$90.8M	↑ 76.36%
Investing Cash Flow	$-146.1M	↑ 411.51%
Financing Cash Flow	$-139.0M	↓ 209.68%

Independent Bank Technicals Summary

Sell

Neutral

Buy

Independent Bank is currently in a neutral trading position according to technical analysis indicators.

Independent Bank Vs Peers

Company Name	1 Month	6 Month	1 Year	3 Years	5 Years
Independent Bank Corp	-4.27%	47.93%	8.45%	-12.82%	-13.82%
Icici Bank Ltd.	3.53%	19.28%	25.8%	58.07%	104.48%
Pnc Financial Services Group, Inc.	-2.51%	34.72%	39.72%	4.19%	28.58%
U.s. Bancorp	1.04%	31.36%	21.37%	-9.24%	-14.99%
Truist Financial Corp	0.04%	27.78%	30.91%	-19.9%	-17.36%
Mizuho Financial Group, Inc.	11.01%	28.57%	44.41%	99.21%	60.0%

Company Name	P/E Ratio	P/B Ratio	PEG Ratio	EPS	ROE	ROA	Div Yield	BVPS
Independent Bank Corp	15.35	15.35	11.0	4.5	0.07	0.01	0.03	70.08
Icici Bank Ltd.	19.79	19.79	0.0	1.36	0.19	0.02	0.01	397.44
Pnc Financial Services Group, Inc.	17.27	17.27	2.04	13.4	0.1	0.01	0.03	124.56
U.s. Bancorp	15.87	15.87	1.25	3.91	0.1	0.01	0.04	33.35
Truist Financial Corp	8.99	NA	1.94	3.68	-0.1	-0.01	0.04	44.46
Mizuho Financial Group, Inc.	11.72	11.72	1.07	1.14	0.07	0.0	0.03	4037.29

Company Name	Analyst View	Market Cap	5 Years Return %	PE Ratio	Profit Margin
Independent Bank Corp	Hold	$3.0B	-13.82%	15.35	30.03%
Icici Bank Ltd.	Buy	$109.7B	104.48%	19.79	28.91%
Pnc Financial Services Group, Inc.	Buy	$81.1B	28.58%	17.27	25.11%
U.s. Bancorp	Hold	$80.5B	-14.99%	15.87	22.02%
Truist Financial Corp	Buy	$62.1B	-17.36%	8.99	-10.68%
Mizuho Financial Group, Inc.	Buy	$64.6B	60.0%	11.72	21.91%

Independent Bank Dividend announcements

Independent Bank Dividends September, 2024
In the quarter ending September,2024. Independent Bank has declared dividend of $0.57
Read More

About Independent Bank

about rockland trust company independent bank corp. has approximately $7.1 billion in assets and is the holding company for rockland trust company, a full-service commercial bank headquartered in massachusetts. rockland trust offers a wide range of banking, investment, and insurance services to businesses and individuals through retail branches, commercial lending offices,investment management offices, and residential lending centers in eastern massachusetts and rhode island as well as through telephone banking, mobile banking, and the internet. rockland trust is an fdic member and an equal housing lender. to learn why rockland trust is the bank “where each relationship matters®,” please visit www.rocklandtrust.com. member fdic - equal housing lender.

Organization	Independent Bank
Employees	1787
CEO	Mr. Jeffrey J. Tengel
Industry	Finance

Management People of Independent Bank

Name	Title
Mr. Jeffrey J. Tengel	President, CEO & Director
Mr. Mark J. Ruggiero CPA	Chief Financial Officer
Ms. Maria S. Harris	Executive VP & Chief Human Resource Officer of Rockland Trust Company
Mr. James Rizzo	Executive VP & Chief Commercial Banking Officer of Rockland Trust Company
Mr. David Byron Smith C.F.A.	Executive VP & Chief Investment Officer
Ms. Maureen A. Gaffney	Senior VP, Controller & Principal Accounting Officer
Ms. Patricia M. Natale Esq.	Executive VP & General Counsel
Mr. Alastair Ironside	Executive VP & Chief Marketing Officer
Timothy C. Lane	Senior VP & Chief Internal Auditor
Ms. Margaret McCarthy	Executive VP & Chief Retail Banking Officer

Important FAQs about investing in Independent Bank from India :

What is Independent Bank share price today?

Independent Bank (INDB) share price today is $71.39.

Can Indians buy Independent Bank shares?

Yes, Indians can invest in the Independent Bank (INDB) from India.

With INDmoney, you can buy Independent Bank at 0 brokerage. The step-by-step process is as follows:

Open your zero cost US Stocks account and zero balance IND linked savings a/c (this can be done in less than 3 minutes)
Transfer funds to your US Stocks account using your IND linked savings a/c (It takes 24 hours excluding Saturday and Sunday). With INDmoney, you get the best INR USD exchange rates.
Once funds are transferred successfully, you can buy Independent Bank at zero transaction cost.

How can I buy Independent Bank shares from India?

It is very easy to buy Independent Bank from India. With INDmoney, you can open a US stocks account in less than 3 minutes. Transfer funds in 24 hours and buy stocks very easily - that too at 0 brokerage. All this is done at 0 account opening & management fee, 0 brokerages, and at the same time you get the best rupee-US dollar exchange rate.

Can Fractional shares of Independent Bank be purchased?

Yes, you can buy fractional shares of Independent Bank with INDmoney app.

What are the documents required to start investing in Independent Bank stocks?

To start investing in Independent Bank, You will need the following documents:

Proof of Identification (PAN, Aadhaar etc)
Proof of address (Aadhaar, Voter ID etc)

These documents are required as per RBI's guidelines to create your IND linked savings a/c so that you can execute for global fund transfer. The entire process is paperless and can be completed seamlessly.