How to Buy Independent Bank Stock
Independent Bank Corp
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.
Independent Bank stock last closed at $60.35, up 3.89% from the previous day, and has increased 22.81% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.14 percentage points. Independent Bank stock is currently +35.22% from its 52-week low of $44.63, and -12.22% from its 52-week high of $68.75.
There are currently 42.48M shares of INDB outstanding. The market cap of INDB is $2.56B. In the past 24 hours, 230,229 INDB shares were traded.
How to Buy Independent Bank Stock
Not sure how to invest in Independent Bank stock? Here's how.
- Choose where to buy Independent Bank stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you decide where to buy Independent Bank stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your investment account: Select your method of payment and add your details.
- Evaluate Independent Bank stock: The Independent Bank ticker symbol is INDB. Is Independent Bank stock a good investment? Should you buy shares of INDB? How do INDB's underlying business fundamentals look? Do top analysts think Independent Bank is a good buy? Why has INDB's stock price moved recently? (Hint: Our stock research website can help you evaluate if INDB is a good stock to buy).
- Make your INDB trade: Decide if you will purchase INDB shares at the current market price or use a limit order to purchase INDB shares at a particular price.
- Get updates on your INDB position: Create a watchlist to the latest updates on your position in Independent Bank shares.
Step 1: Choose where to buy Independent Bank stock
You need an online brokerage account to access the NASDAQ market and buy INDB stock.
Our recommended brokerage: eToro
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- Security: eToro is a regulated and licensed brokerage platform.
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Get $10 towards your share purchase by creating an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal information so you are able to invest in INDB today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start your new brokerage account.
- Send your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've filled out your info on our top ranked stock market app, you can securely and quickly fund your account:
Watch the walkthrough below to see the process of transferring money into your new investment account.
Step 4: Evaluate Independent Bank stock
Once you have figured out the best place to buy Independent Bank stock, it's very important to research their stock before you buy, so you actually understand the risk and upside.
Independent Bank shares data
Independent Bank Overview
WallStreetZen was designed to help average investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on INDB's stock page.
Is INDB stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge INDB's true value.
Using relative valuations metrics:
- INDB could be undervalued based on its P/E ratio of 12.14x, relative to Banks - Regional industry P/E ratio of 12.17x
- INDB may be undervalued based on its P/B ratio of 0.88x, relative to Banks - Regional industry P/B ratio of 1.13x
- INDB may be overvalued based on its PEG ratio of 5.21x
You can do more valuation analysis on INDB's stock here.
A quick look at INDB Financials
Positive Health Checks:
- Total INDB debt is lower than 5 years ago, relative to shareholder equity.
- INDB earnings of $279.94M is not sufficient to cover its interest payments.
- INDB's operating cash flow of $251.56M allows it to safely service it's debt of $693.39M.
Negative Health Checks:
- INDB has a relatively high debt to equity ratio of 5.65.
- INDB profit margin has gone down from 36.8% to 31.7% in the past year.
Is it a good time to buy Independent Bank stock, according to Wall Street analysts?
Out of 2 Wall Street analysts who give recommendations on INDB, the consensus analyst rating on Independent Bank is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Independent Bank stock forecast page.
Metrics for Advanced INDB Traders
INDB Growth Metrics
Last year, INDB earnings were $214.71M. During the past 5 year, INDB's earnings have grown by 2.37% per year. This was slower than the Banks - Regional industry average of 101.84%.
Last year, INDB revenue was $677.98M. During the last 5 year, INDB's revenue has increased by 9.14% per year. This was slower than the Banks - Regional industry average of 17.47%.
Dive into INDB's earnings and revenue performance here.
What are INDB executives and large shareholders up to?
In the last 12 months, executives and large shareholders at INDB have sold more shares than they have bought.
Eileen C. Miskell, Director of INDB, was the latest INDB insider to sell. They sold $56,946.08 worth of INDB stock on Jun 3, 2024.
Research more about who owns INDB shares here.
Can I rely on INDB as an income stream?
Independent Bank pays a dividend of 3.74%, compared to the Banks - Regional industry's average dividend yield of 3.25%. If you owned $1,000 of INDB stock, you would have received $37.45 last year.
Independent Bank dividend payments have consistently grown over the past decade and have remained stable.
Dig into more analysis about Independent Bank dividend yield and history here.
What do other traders have to say about INDB?
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Make your INDB trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount limit, use a limit order.
Click the Open button and your broker will place the order.
If you want more assistance buying stocks on eToro, watch the how to video below:
Step 6: Get updates on your INDB position
Now that you own some INDB shares, you'll want to stay up-to-date on your stock purchase.
Start a watchlist to get notified of important updates regarding your INDB stock.
INDB Feed
How to Buy Stock in Independent Bank
To summarize, here are the 6 steps to buy Independent Bank stock:
- Choose where to buy Independent Bank stock
- Create a brokerage account
- Fund your investment account
- Evaluate Independent Bank stock
- Make your INDB trade
- Get updates on your INDB position
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Independent Bank, add INDB to your watchlist below.
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