Stock Forecast

  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


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Financials




Independent Bank Corp. Stock Forecast - Is Independent Bank Corp. a Buy or Sell?


DCF ScoreStrong Buy
ROE ScoreNeutral
ROA ScoreNeutral
DE ScoreStrong Buy
PE ScoreStrong Buy
PB ScoreStrong Buy
Overall RecommendationStrong 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. (INDB) CEO Christopher Oddleifson on Q2 2022 Results Earnings Call Transcript

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.

Date : 22/07/2022

Independent Bank Corp. (INDB) Q2 Earnings and Revenues Surpass Estimates

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?

Date : 21/07/2022

Independent Bank Corp.'s Announcement of Date of Second Quarter Conference Call

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

Date : 11/07/2022

Independent Bank Corp. (INDB) CEO Christopher Oddleifson on Q1 2022 Results - Earnings Call Transcript

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.

Date : 22/04/2022

Independent Bank Corp. (INDB) Q1 Earnings Meet Estimates

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?

Date : 21/04/2022





About Independent Bank Corp.


CEO : Mr. Christopher Oddleifson
Sector : Financial Services
Industry : Banks—Regional

Website : https://www.rocklandtrust.com

Exchange : NASDAQ Global Select

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.


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