NasdaqGS - Nasdaq Real Time Price USD

Independent Bank Corp. (INDB)

53.15 +0.80 (+1.53%)
As of 2:46 PM EDT. Market Open.
Loading Chart for INDB
DELL
  • Previous Close 52.35
  • Open 52.15
  • Bid 52.90 x 100
  • Ask 53.13 x 100
  • Day's Range 52.15 - 53.15
  • 52 Week Range 43.28 - 68.75
  • Volume 139,400
  • Avg. Volume 309,017
  • Market Cap (intraday) 2.256B
  • Beta (5Y Monthly) 0.85
  • PE Ratio (TTM) 10.26
  • EPS (TTM) 5.18
  • Earnings Date Jul 18, 2024 - Jul 22, 2024
  • Forward Dividend & Yield 2.28 (4.36%)
  • Ex-Dividend Date Mar 28, 2024
  • 1y Target Est 57.50

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 in the United States. The company provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, the company provides cash management services, such as ACH transaction processing, positive pay, and remote deposit services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; automated teller machines; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, it invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. Independent Bank Corp. was founded in 1907 and is headquartered in Rockland, Massachusetts.

www.rocklandtrust.com

1,787

Full Time Employees

December 31

Fiscal Year Ends

Recent News: INDB

Performance Overview: INDB

Trailing total returns as of 4/26/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

INDB
18.35%
S&P 500
7.05%

1-Year Return

INDB
1.08%
S&P 500
25.40%

3-Year Return

INDB
28.20%
S&P 500
22.15%

5-Year Return

INDB
22.83%
S&P 500
74.49%

Compare To: INDB

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Statistics: INDB

Valuation Measures

Annual
As of 4/25/2024
  • Market Cap

    2.22B

  • Enterprise Value

    --

  • Trailing P/E

    10.11

  • Forward P/E

    11.74

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    3.24

  • Price/Book (mrq)

    0.77

  • Enterprise Value/Revenue

    --

  • Enterprise Value/EBITDA

    --

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    32.76%

  • Return on Assets (ttm)

    1.17%

  • Return on Equity (ttm)

    7.91%

  • Revenue (ttm)

    689.96M

  • Net Income Avi to Common (ttm)

    226.02M

  • Diluted EPS (ttm)

    5.18

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    221.32M

  • Total Debt/Equity (mrq)

    --

  • Levered Free Cash Flow (ttm)

    --

Research Analysis: INDB

Analyst Price Targets

55.00
57.50 Average
53.15 Current
60.00 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Earnings

Consensus EPS
 

Company Insights: INDB

Fair Value

53.15 Current
 

Dividend Score

0 Low
INDB
Sector Avg.
100 High
 

Hiring Score

0 Low
INDB
Sector Avg.
100 High
 

Insider Sentiment Score

0 Low
INDB
Sector Avg.
100 High
 

Research Reports: INDB

  • INDB: Raising target price to $55.00

    INDEPENDENT BANK CORP/MA has an Investment Rating of HOLD; a target price of $55.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.

    Rating
    Price Target
     
  • INDB: Lowering target price to $51.00

    INDEPENDENT BANK CORP/MA has an Investment Rating of HOLD; a target price of $51.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.

    Rating
    Price Target
     
  • INDB: Lowering target price to $52.00

    INDEPENDENT BANK CORP/MA has an Investment Rating of HOLD; a target price of $52.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.

    Rating
    Price Target
     
  • INDB: What does Argus have to say about INDB?

    INDEPENDENT BANK CORP/MA has an Investment Rating of HOLD; a target price of $53.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.

    Rating
    Price Target
     

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