Independent Bank Corp (INDB)

$64.15

+1.15

(+1.83%)▲

Market is closed - opens 7 PM, 29 Jul 2024

Performance

  • $62.68
    $64.16
    $64.15
    downward going graph

    2.29%

    Downside

    Day's Volatility :2.31%

    Upside

    0.02%

    downward going graph
  • $42.44
    $65.85
    $64.15
    downward going graph

    33.84%

    Downside

    52 Weeks Volatility :35.55%

    Upside

    2.58%

    downward going graph

Returns

PeriodIndependent Bank CorpSector (Financials)Index (Russel 2000)
3 Months
19.48%
4.7%
0.0%
6 Months
6.08%
10.6%
0.0%
1 Year
3.16%
20.1%
0.0%
3 Years
-9.9%
17.2%
-20.2%

Highlights

Market Capitalization
2.6B
Book Value
$68.74
Dividend Share
2.24
Dividend Yield
3.67%
Earnings Per Share (EPS)
4.97
PE Ratio
12.5
PEG Ratio
11.0
Wall Street Target Price
62.67
Profit Margin
31.68%
Operating Margin TTM
41.62%
Return On Assets TTM
1.11%
Return On Equity TTM
7.44%
Revenue TTM
677.7M
Revenue Per Share TTM
15.7
Quarterly Revenue Growth YOY
-6.9%
Gross Profit TTM
718.4M
Diluted Eps TTM
4.97
Quarterly Earnings Growth YOY
-0.15
EPS Estimate Current Year
4.76
EPS Estimate Next Year
5.2
EPS Estimate Current Quarter
1.15
EPS Estimate Next Quarter
1.17

Analyst Recommendation

Hold
    0
    0%Buy
    66%Hold
    33%Sell
Based on 9 Wall street analysts offering stock ratings for Independent Bank Corp(by analysts ranked 0 to 5 stars)
Based on 9 analyst
  • Current
  • 1M Ago
  • 3M Ago
Buy
00
00
00
Hold
6
6
6
Sell
3
3
3

Analyst Forecast

What analysts predicted

Downside of 2.31%

Current $64.15
Target $62.67

Company Financials

FY18Y/Y Change
Revenue
386.7M
↑ 13.11%
Net Income
121.6M
↑ 39.47%
Net Profit Margin
31.45%
↑ 5.94%
FY19Y/Y Change
Revenue
508.4M
↑ 31.49%
Net Income
165.2M
↑ 35.81%
Net Profit Margin
32.49%
↑ 1.04%
FY20Y/Y Change
Revenue
477.5M
↓ 6.09%
Net Income
121.2M
↓ 26.64%
Net Profit Margin
25.38%
↓ 7.11%
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%
FY23Y/Y Change
Revenue
795.7M
↑ 9.32%
Net Income
239.5M
↓ 9.22%
Net Profit Margin
30.1%
↓ 6.14%
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%
Q2 FY23Q/Q Change
Revenue
183.3M
↓ 2.1%
Net Income
62.6M
↑ 2.28%
Net Profit Margin
34.18%
↑ 1.47%
Q3 FY23Q/Q Change
Revenue
183.4M
↑ 0.07%
Net Income
60.8M
↓ 2.93%
Net Profit Margin
33.15%
↓ 1.03%
Q4 FY23Q/Q Change
Revenue
207.2M
↑ 12.95%
Net Income
54.8M
↓ 9.88%
Net Profit Margin
26.45%
↓ 6.7%
Q1 FY24Q/Q Change
Revenue
237.7M
↑ 14.76%
Net Income
47.8M
↓ 12.83%
Net Profit Margin
20.09%
↓ 6.36%
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
303.1M
↓ 96.1%
FY20Y/Y Change
Total Assets
13.2B
↑ 15.88%
Total Liabilities
181.1M
↓ 40.26%
FY21Y/Y Change
Total Assets
20.4B
↑ 54.67%
Total Liabilities
152.4M
↓ 15.84%
FY22Y/Y Change
Total Assets
19.3B
↓ 5.53%
Total Liabilities
16.4B
↑ 10667.9%
FY23Y/Y Change
Total Assets
19.3B
↑ 0.28%
Total Liabilities
16.5B
↑ 0.27%
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%
Q2 FY23Q/Q Change
Total Assets
19.4B
↓ 0.21%
Total Liabilities
901.3M
↓ 94.57%
Q3 FY23Q/Q Change
Total Assets
19.4B
↓ 0.17%
Total Liabilities
1.0B
↑ 10.99%
Q4 FY23Q/Q Change
Total Assets
19.3B
↓ 0.11%
Total Liabilities
16.5B
↑ 1544.62%
Q1 FY24Q/Q Change
Total Assets
19.3B
↓ 0.12%
Total Liabilities
16.4B
↓ 0.07%
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%
FY22Y/Y Change
Operating Cash Flow
421.2M
↑ 121.43%
Investing Cash Flow
-1.0B
↑ 1484.63%
Financing Cash Flow
-1.3B
↓ 260.16%
Q4 FY22Q/Q Change
Operating Cash Flow
115.3M
↓ 13.55%
Investing Cash Flow
-216.0M
↓ 25.59%
Financing Cash Flow
-482.7M
↑ 26.0%
Q1 FY23Q/Q Change
Operating Cash Flow
51.5M
↓ 55.38%
Investing Cash Flow
-28.6M
↓ 86.78%
Financing Cash Flow
126.7M
↓ 126.25%
Q2 FY23Q/Q Change
Operating Cash Flow
90.8M
↑ 76.36%
Investing Cash Flow
-146.1M
↑ 411.51%
Financing Cash Flow
-139.0M
↓ 209.68%

Technicals Summary

Sell

Neutral

Buy

Independent Bank Corp is currently in a favorable trading position ( BUY ) according to technical analysis indicators.

More on Technical Analysis

Peers

Company Name1 Month6 Month1 Year3 Years5 Years
Independent Bank Corp
Independent Bank Corp
33.93%
6.08%
3.16%
-9.9%
-23.09%
Nu Holdings Ltd.
Nu Holdings Ltd.
-2.44%
30.21%
57.58%
19.75%
19.75%
Icici Bank Ltd.
Icici Bank Ltd.
-2.08%
17.28%
14.76%
54.14%
138.62%
Pnc Financial Services Group, Inc.
Pnc Financial Services Group, Inc.
18.57%
18.73%
32.34%
-2.45%
26.05%
U.s. Bancorp
U.s. Bancorp
13.55%
5.75%
15.94%
-19.74%
-21.42%
Itaú Unibanco Holding S.a.
Itaú Unibanco Holding S.a.
2.55%
-9.19%
-0.33%
27.84%
-37.84%
Company NameP/E RatioP/B RatioPEG RatioEPSROEROADiv YieldBVPS
Independent Bank Corp
Independent Bank Corp
12.5
12.5
11.0
4.76
0.07
0.01
0.04
68.74
Nu Holdings Ltd.
Nu Holdings Ltd.
48.23
48.23
NA
0.41
0.21
0.03
NA
1.42
Icici Bank Ltd.
Icici Bank Ltd.
19.16
19.16
0.0
1.36
0.19
0.02
0.01
364.7
Pnc Financial Services Group, Inc.
Pnc Financial Services Group, Inc.
14.88
14.88
3.46
13.11
0.1
0.01
0.04
132.41
U.s. Bancorp
U.s. Bancorp
14.21
14.21
1.14
3.89
0.1
0.01
0.04
31.8
Itaú Unibanco Holding S.a.
Itaú Unibanco Holding S.a.
9.28
9.28
0.86
0.81
0.19
0.01
0.03
18.93
Company NameAnalyst ViewMarket Cap5 Years Return %PE RatioProfit Margin
Independent Bank Corp
Independent Bank Corp
Hold
$2.6B
-23.09%
12.5
31.68%
Nu Holdings Ltd.
Nu Holdings Ltd.
Buy
$60.1B
19.75%
48.23
29.67%
Icici Bank Ltd.
Icici Bank Ltd.
Buy
$101.9B
138.62%
19.16
27.97%
Pnc Financial Services Group, Inc.
Pnc Financial Services Group, Inc.
Buy
$70.5B
26.05%
14.88
25.53%
U.s. Bancorp
U.s. Bancorp
Hold
$69.9B
-21.42%
14.21
21.08%
Itaú Unibanco Holding S.a.
Itaú Unibanco Holding S.a.
Buy
$59.1B
-37.84%
9.28
27.36%

Insights on Independent Bank Corp

  • Increasing Revenue

    Revenue is up for the last 4 quarters, 183.30M → 237.74M (in $), with an average increase of 8.1% per quarter

  • Decreasing Net Profit

    Netprofit is down for the last 4 quarters, 62.64M → 47.77M (in $), with an average decrease of 8.6% per quarter

  • Vs NU

    In the last 1 year, Nu Holdings Ltd. has given 57.6% return, outperforming this stock by 54.4%

Institutional Holdings

  • BlackRock Inc

    14.79%

  • Vanguard Group Inc

    12.29%

  • State Street Corporation

    5.38%

  • Dimensional Fund Advisors, Inc.

    4.64%

  • Victory Capital Management Inc.

    3.20%

  • Geode Capital Management, LLC

    2.36%

Corporate Announcements

  • Independent Bank Corp Dividends March,2024

    In the quarter ending March,2024. Independent Bank Corp has declared dividend of $0.57

    Read More

Company Information

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 Corp
Employees
1787
CEO
Mr. Jeffrey J. Tengel
Industry
Finance

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