Independent Bank Corp. ( INDB) Stock. Should you Buy or Sell? $ 78.45
1.62 (2.02 %)
Independent Bank Corp. Analysis
Updated on 10-09-2022| Symbol | INDB |
| Price | $78.45 |
| Beta | 0.834 |
| Volume Avg. | $204.86 thousand |
| Market Cap | $3.6 B |
| 52 Week Range | $68.93 - $93.52 |
Independent Bank Corp. opened the day at $78.45 which is +'2.02 % on yesterday's close. Independent Bank Corp. has a 52 week high of $93.52 and 52 week low of $68.93, which is a difference of $24.59. We like to see positive, upward trending shares, preferably with momentum. Market capitalization is $3.6 B and total net profit is $507409000 which means the company is trading at 7.10 times profit to market capitalization. Theoretically, if you were to buy Independent Bank Corp. for $3.6 B, it would take 15 years to get your money back. Independent Bank Corp. are in the Banks—Regional space which will have a sweet spot and industry standard for net profit multiples.
Price Chart
Financials
Independent Bank Corp. Stock Forecast - Is Independent Bank Corp. a Buy or Sell?
| DCF Score | Strong Buy | |
| ROE Score | Neutral | |
| ROA Score | Neutral | |
| DE Score | Strong Buy | |
| PE Score | Strong Buy | |
| PB Score | Strong Buy | |
| Overall Recommendation | Strong Buy |
Growth and Value
| PE Ratio | 22.350 |
| Dividend Yiel | 0.025 |
| Net Profit Margin | 0.261 |
Valuing Independent Bank Corp.
| Price Book Value Ratio | 1.275 | Price To Book Ratio | 1.275 |
| Price To Sales Ratio | 6.104 | Price Earnings Ratio | 23.380 |
How liquid is Independent Bank Corp.
| Current Ratio | 0.000 |
| Quick Ratio | 0.000 |
Debt
| Debt Ratio | 0.856 | Debt Equity Ratio | 5.960 |
| Long Term Debt To Capitalization | 0.046 | Total Debt To Capitalization | 0.000 |
Latest news about Independent Bank Corp.
Independent Bank Corp. (NASDAQ:INDB ) Q2 2022 Earnings Conference Call July 22, 2022 10:00 AM ET Company Participants Christopher Oddleifson - President and CEO Mark Ruggiero - CFO Conference Call Participants Mark Fitzgibbon - Sandler O'Neill Laurie Hunsicker - Compass Point Research Christopher O'Connell - KBW Operator Good morning and welcome to the Independent Bank Corp. Second Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode.
Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 3.94% and 2.47%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss second quarter results on Friday, July 22, 2022, at 10:00 AM Eastern Time. Telephonic access will be available by dial-in at 888-336-7153 reference: INDB. Participants may also choose to pre-register for the conference by navigating to https://dpregister.com/sreg/10166605/f284c1563e, which will provide a unique pin to
Independent Bank Corp. (NASDAQ:INDB ) Q1 2022 Earnings Conference Call April 22, 2022 10:00 AM ET Company Participants Christopher Oddleifson - President and CEO Mark Ruggiero - CFO Robert Cozzone - COO Conference Call Participants Mark Fitzgibbon - Sandler O'Neill Laurie Hunsicker - Compass Point Research Christopher O'Connell - KBW Operator Good morning, and welcome to the Independent Bank Corp. First Quarter 2022 Earnings Conference Call. Before proceeding, let me mention that this call may contain forward-looking statements with respect to the financial condition, results of operation and business of Independent Bank Corp. Actual results may be different.
Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 0% and 0.36%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
About Independent Bank Corp.
Description :
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. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
