Independent Bank Corp. (INDB)
- Previous Close
52.92 - Open
51.69 - Bid 52.32 x 200
- Ask 52.41 x 200
- Day's Range
50.98 - 52.54 - 52 Week Range
43.28 - 68.75 - Volume
306,153 - Avg. Volume
309,017 - Market Cap (intraday)
2.222B - Beta (5Y Monthly) 0.85
- PE Ratio (TTM)
10.11 - 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.com1,787
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
Recent News: INDB
Performance Overview: INDB
Trailing total returns as of 4/25/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: INDB
Valuation Measures
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
Company Insights: INDB
Fair Value
Dividend Score
Hiring Score
Insider Sentiment Score
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.
RatingPrice TargetINDB: 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.
RatingPrice TargetINDB: 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.
RatingPrice TargetINDB: 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.
RatingPrice Target