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Independent Bank Corp

Independent Bank Corp (INDB)

$45.1

-0.13

(-0.29%)▲

Live

Insights on Independent Bank Corp

  • Decreasing Revenue

    Revenue is down for the last 2 quarters, 200.65M → 187.24M (in $), with an average decrease of 6.7% per quarter

  • Decreasing Net Profit

    Netprofit is down for the last 2 quarters, 77.04M → 61.24M (in $), with an average decrease of 20.5% per quarter

  • Vs DB

    In the last 1 year, Independent Bank Corp. has experienced a drawdown of -45.9%, however Deutsche Bank AG - Registered Shares resisted the overall trend and outperformed by 39.0%

Performance

  • $44.14
    $46.01
    $45.10
    downward going graph

    2.13%

    Downside

    Day's Volatility :4.06%

    Upside

    1.98%

    downward going graph
  • $44.37
    $90.29
    $45.10
    downward going graph

    1.62%

    Downside

    52 Weeks Volatility :50.86%

    Upside

    50.05%

    downward going graph

Returns

PeriodIndependent Bank CorpSector (Financials)Index (Russel 2000)
3 Months
-43.24%
-10.1%
-6.7%
6 Months
-50.03%
-11.6%
-6.2%
1 Year
-45.7%
-9.7%
-6.3%
3 Years
-44.78%
37.2%
26.9%

Highlights

Market Capitalization
2.0B
Book Value
$64.17
Dividend Share
2.12
Dividend Yield
4.86%
Earnings Per Share (EPS)
5.93
PE Ratio
7.63
PEG Ratio
11.0
Wall Street Target Price
66.5
Profit Margin
37.12%
Operating Margin TTM
51.06%
Return On Assets TTM
1.37%
Return On Equity TTM
9.38%
Revenue TTM
732.6M
Revenue Per Share TTM
16.0
Quarterly Revenue Growth YOY
8.6%
Gross Profit TTM
718.4M
Diluted Eps TTM
5.93
Quarterly Earnings Growth YOY
0.21
EPS Estimate Current Year
5.41
EPS Estimate Next Year
5.16
EPS Estimate Current Quarter
1.54
EPS Estimate Next Quarter
1.54

Analyst Recommendation

Hold
    0
    0%Buy
    62%Hold
    37%Sell
Based on 8 Wall street analysts offering stock ratings for Independent Bank Corp(by analysts ranked 0 to 5 stars)
Based on 8 analyst
  • Current
  • 1M Ago
  • 3M Ago
Buy
00
6
6
Hold
5
4
4
Sell
3
00
00

Analyst Forecast

What analysts predicted

Upside of 47.45%

Current $45.10
Target $66.50

Company Financials

FY17Y/Y Change
Revenue
338.4M
↑ 9.08%
Net Income
87.2M
↑ 13.77%
Net Profit Margin
25.77%
↑ 1.06%
FY18Y/Y Change
Revenue
383.2M
↑ 13.25%
Net Income
121.6M
↑ 39.47%
Net Profit Margin
31.74%
↑ 5.97%
FY19Y/Y Change
Revenue
502.7M
↑ 31.18%
Net Income
165.2M
↑ 35.81%
Net Profit Margin
32.85%
↑ 1.11%
FY20Y/Y Change
Revenue
477.5M
↓ 5.03%
Net Income
121.2M
↓ 26.64%
Net Profit Margin
25.38%
↓ 7.47%
FY21Y/Y Change
Revenue
507.4M
↑ 6.27%
Net Income
121.0M
↓ 0.14%
Net Profit Margin
23.85%
↓ 1.53%
FY22Y/Y Change
Revenue
727.9M
↑ 43.46%
Net Income
263.8M
↑ 118.04%
Net Profit Margin
36.24%
↑ 12.39%
Q4 FY21Q/Q Change
Revenue
151.7M
↑ 31.69%
Net Income
1.7M
↓ 95.75%
Net Profit Margin
1.12%
↓ 33.61%
Q1 FY22Q/Q Change
Revenue
161.9M
↑ 6.74%
Net Income
53.1M
↑ 3019.68%
Net Profit Margin
32.79%
↑ 31.67%
Q2 FY22Q/Q Change
Revenue
170.9M
↑ 5.53%
Net Income
61.8M
↑ 16.35%
Net Profit Margin
36.15%
↑ 3.36%
Q3 FY22Q/Q Change
Revenue
190.8M
↑ 11.64%
Net Income
71.9M
↑ 16.38%
Net Profit Margin
37.68%
↑ 1.53%
Q4 FY22Q/Q Change
Revenue
200.7M
↑ 5.17%
Net Income
77.0M
↑ 7.16%
Net Profit Margin
38.4%
↑ 0.72%
Q1 FY23Q/Q Change
Revenue
187.2M
↓ 6.69%
Net Income
61.2M
↓ 20.5%
Net Profit Margin
32.71%
↓ 5.69%
FY17Y/Y Change
Total Assets
8.1B
↑ 4.83%
Total Liabilities
7.1B
↑ 4.29%
FY18Y/Y Change
Total Assets
8.9B
↑ 9.52%
Total Liabilities
7.8B
↑ 8.96%
FY19Y/Y Change
Total Assets
11.4B
↑ 28.74%
Total Liabilities
9.7B
↑ 24.54%
FY20Y/Y Change
Total Assets
13.2B
↑ 15.88%
Total Liabilities
11.5B
↑ 18.73%
FY21Y/Y Change
Total Assets
20.4B
↑ 54.67%
Total Liabilities
17.4B
↑ 51.33%
FY22Y/Y Change
Total Assets
19.3B
↓ 5.53%
Total Liabilities
16.4B
↓ 5.73%
Q4 FY21Q/Q Change
Total Assets
20.4B
↑ 40.53%
Total Liabilities
17.4B
↑ 36.22%
Q1 FY22Q/Q Change
Total Assets
20.2B
↓ 1.29%
Total Liabilities
17.2B
↓ 1.21%
Q2 FY22Q/Q Change
Total Assets
20.0B
↓ 0.88%
Total Liabilities
17.1B
↓ 0.48%
Q3 FY22Q/Q Change
Total Assets
19.7B
↓ 1.4%
Total Liabilities
16.9B
↓ 1.32%
Q4 FY22Q/Q Change
Total Assets
19.3B
↓ 2.08%
Total Liabilities
16.4B
↓ 2.83%
Q1 FY23Q/Q Change
Total Assets
19.4B
↑ 0.77%
Total Liabilities
16.6B
↑ 1.24%
FY17Y/Y Change
Operating Cash Flow
130.9M
↑ 40.26%
Investing Cash Flow
-316.8M
↑ 32.6%
Financing Cash Flow
109.9M
↓ 30.84%
FY18Y/Y Change
Operating Cash Flow
141.8M
↑ 8.35%
Investing Cash Flow
-387.5M
↑ 22.33%
Financing Cash Flow
283.0M
↑ 157.56%
FY19Y/Y Change
Operating Cash Flow
216.5M
↑ 52.66%
Investing Cash Flow
20.2M
↓ 105.2%
Financing Cash Flow
-336.2M
↓ 218.78%
FY20Y/Y Change
Operating Cash Flow
64.6M
↓ 70.15%
Investing Cash Flow
-488.2M
↓ 2521.68%
Financing Cash Flow
1.6B
↓ 566.81%
FY21Y/Y Change
Operating Cash Flow
190.2M
↑ 194.29%
Investing Cash Flow
-63.1M
↓ 87.07%
Financing Cash Flow
817.0M
↓ 47.94%
Q4 FY21Q/Q Change
Operating Cash Flow
33.4M
↓ 14.39%
Investing Cash Flow
578.7M
↓ 209.04%
Financing Cash Flow
-379.3M
↓ 256.02%
Q1 FY22Q/Q Change
Operating Cash Flow
75.5M
↑ 125.96%
Investing Cash Flow
-283.6M
↓ 149.01%
Financing Cash Flow
-192.2M
↓ 49.32%
Q2 FY22Q/Q Change
Operating Cash Flow
96.9M
↑ 28.31%
Investing Cash Flow
-210.6M
↓ 25.76%
Financing Cash Flow
-250.4M
↑ 30.29%
Q3 FY22Q/Q Change
Operating Cash Flow
133.4M
↑ 37.68%
Investing Cash Flow
-290.3M
↑ 37.86%
Financing Cash Flow
-383.1M
↑ 52.98%
Q1 FY23Q/Q Change
Operating Cash Flow
51.5M
↓ 150.69%
Investing Cash Flow
-28.6M
-
Financing Cash Flow
80.0K
↓ 99.96%

Technicals Summary

Sell

Neutral

Buy

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

More on Technical Analysis

Peers

Company Name1 Month6 Month1 Year3 Years5 Years
Independent Bank Corp
Independent Bank Corp
-16.01%
-50.03%
-45.7%
-44.78%
-44.78%
PNC Financial Services Group, Inc.
PNC Financial Services Group, Inc.
-2.64%
-29.41%
-32.28%
3.58%
-17.69%
U.S. Bancorp
U.S. Bancorp
-6.89%
-32.43%
-42.21%
-16.41%
-38.46%
Truist Financial Corp
Truist Financial Corp
-2.6%
-34.42%
-38.28%
-19.34%
-42.17%
Deutsche Bank AG
Deutsche Bank AG
-3.06%
-1.51%
-6.35%
20.48%
-9.51%
Company NameP/E RatioP/B RatioPEG RatioEPSROEROADiv YieldBVPS
Independent Bank Corp
Independent Bank Corp
7.63
7.63
11.0
5.41
0.09
0.01
0.05
64.17
PNC Financial Services Group, Inc.
PNC Financial Services Group, Inc.
8.14
8.14
0.41
13.88
0.13
0.01
0.05
104.78
U.S. Bancorp
U.S. Bancorp
8.2
8.2
0.84
4.64
0.11
0.01
0.06
30.13
Truist Financial Corp
Truist Financial Corp
6.84
6.84
0.88
4.38
0.1
0.01
0.07
41.82
Deutsche Bank AG
Deutsche Bank AG
4.01
4.01
0.12
2.06
0.08
0.0
0.03
35.17
Company NameAnalyst ViewMarket Cap5 Years Return %PE RatioProfit Margin
Independent Bank Corp
Independent Bank Corp
Hold
$2.0B
-44.78%
7.63
37.12%
PNC Financial Services Group, Inc.
PNC Financial Services Group, Inc.
Buy
$47.5B
-17.69%
8.14
29.89%
U.S. Bancorp
U.S. Bancorp
Buy
$47.0B
-38.46%
8.2
25.5%
Truist Financial Corp
Truist Financial Corp
Hold
$40.9B
-42.17%
6.84
28.34%
Deutsche Bank AG
Deutsche Bank AG
Buy
$21.3B
-9.51%
4.01
21.46%

Institutional Holdings

  • BlackRock Inc

    15.26%

  • Vanguard Group Inc

    12.58%

  • State Street Corporation

    5.02%

  • Victory Capital Management Inc.

    4.10%

  • Dimensional Fund Advisors, Inc.

    3.66%

  • Silvercrest Asset Management Group LLC

    3.23%

Corporate Announcements

  • Independent Bank Corp Dividends March,2023

    In the quarter ending March,2023. Independent Bank Corp has declared dividend of $0.55

    Read More

Company Information

Independent Bank Corp. is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Rockland Trust was named to The Boston Globe's 'Top Places to Work' 2020 list, an honor earned for the 12th consecutive year. In 2020, Rockland Trust was ranked the #1 Bank in Massachusetts according to Forbes World's Best Banks list. Rockland Trust has a longstanding commitment to equity and inclusion. This commitment is underscored by initiatives such as Diversity and Inclusion leadership training, a colleague Allyship mentoring program, numerous Employee Resource Groups focused on providing colleague support and education, reinforcing a culture of mutual respect and advancing professional development, and Rockland Trust's sponsorship of diverse community organizations through charitable giving and employee-based volunteerism. Rockland Trust is deeply committed to the communities it serves, as reflected in the overall 'Outstanding' rating received in its most recent Community Reinvestment Act performance evaluation. Rockland Trust offers a wide range of banking, investment, and insurance services. The Bank serves businesses and individuals through approximately 100 retail branches, commercial and residential lending centers, and investment management offices in eastern Massachusetts, including Greater Boston, the South Shore, Cape Cod and Islands, Worcester County, and Rhode Island. Rockland Trust also offers a full suite of mobile, online, and telephone banking services. Rockland Trust is an FDIC member and an Equal Housing Lender.

Organization
Independent Bank Corp
Employees
1739
CEO
Mr. Christopher Oddleifson
Industry
Finance

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