WallStreetZenWallStreetZen

NASDAQ: INDB
Independent Bank Corp Stock

$48.70+0.06 (+0.12%)
Updated Apr 15, 2024
INDB Price
$48.70
Fair Value Price
$107.19
Market Cap
$2.07B
52 Week Low
$43.28
52 Week High
$68.75
P/E
8.99x
P/B
0.71x
P/S
4.11x
PEG
2.93x
Dividend Yield
4.56%
Revenue
$707.88M
Earnings
$239.50M
Gross Margin
100%
Operating Margin
44.52%
Profit Margin
33.8%
Debt to Equity
5.68
Operating Cash Flow
$277M
Beta
0.96
Next Earnings
Apr 19, 2024
Ex-Dividend
N/A
Next Dividend
N/A

INDB Overview

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.

Zen Score

Industry Average (34)
You've viewed Zen Score for 10/10 free stocks. Upgrade to Premium to see how INDB scored across 38 valuation, financial, forecast, performance, and dividend due diligence checks.

Due Diligence Checks

INDB ($48.70) is undervalued by 54.57% relative to our estimate of its Fair Value price of $107.19 based on Discounted Cash Flow (DCF) modelling, but does not have a significant margin of safety
Below Fair Value Valuation
INDB ($48.70) is significantly undervalued by 54.57% relative to our estimate of its Fair Value price of $107.19 based on Discounted Cash Flow (DCF) modelling, which includes a healthy margin of safety
Significantly Below Fair Value Valuation
INDB ($48.70) is trading above... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation
There are 35 more INDB due diligence checks available for Premium users.

Be the first to know about important INDB news, forecast changes, insider trades & much more!

INDB News

Valuation

INDB fair value

Fair Value of INDB stock based on Discounted Cash Flow (DCF)
Price
$48.70
Fair Value
$107.19
Undervalued by
54.57%
INDB ($48.70) is undervalued by... subscribe to Premium to read more.
Below Fair Value Valuation
INDB ($48.70) is significantly undervalued... subscribe to Premium to read more.
Significantly Below Fair Value Valuation
INDB ($48.70) is trading above... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation

INDB price to earnings (PE)

For valuing profitable companies with steady earnings
Company
8.99x
Industry
-12.31x
Market
41.94x
INDB is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
INDB is good value based... subscribe to Premium to read more.
P/E vs Market Valuation

INDB price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
0.71x
Industry
0.96x
INDB is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation

INDB price to earnings growth (PEG)

For valuing profitable companies with growth potential
INDB is poor value relative... subscribe to Premium to read more.
PEG Value Valuation

INDB's financial health

Profit margin

Revenue
$171.7M
Net Income
$54.8M
Profit Margin
31.9%
INDB's Earnings (EBIT) of $315.13M... subscribe to Premium to read more.
Interest Coverage Financials
INDB's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$19.3B
Liabilities
$16.5B
Debt to equity
5.68
INDB's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
INDB's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
$53.5M
Investing
$19.3M
Financing
-$68.6M
INDB's operating cash flow ($276.99M)... subscribe to Premium to read more.
Debt Coverage Financials

INDB vs Bank Stocks

TickerMarket Cap1d %P/EP/B
INDB$2.07B+0.12%8.99x0.71x
PPBI$2.08B-0.73%70.00x0.72x
INTR$2.05B-5.20%33.77x1.36x
PRK$2.03B+0.38%16.03x1.77x
FFBC$2.00B-0.52%7.75x0.88x

Independent Bank Stock FAQ

What is Independent Bank's quote symbol?

(NASDAQ: INDB) Independent Bank trades on the NASDAQ under the ticker symbol INDB. Independent Bank stock quotes can also be displayed as NASDAQ: INDB.

If you're new to stock investing, here's how to buy Independent Bank stock.

What is the 52 week high and low for Independent Bank (NASDAQ: INDB)?

(NASDAQ: INDB) Independent Bank's 52-week high was $68.75, and its 52-week low was $43.28. It is currently -29.16% from its 52-week high and 12.52% from its 52-week low.

How much is Independent Bank stock worth today?

(NASDAQ: INDB) Independent Bank currently has 42,445,920 outstanding shares. With Independent Bank stock trading at $48.70 per share, the total value of Independent Bank stock (market capitalization) is $2.07B.

Independent Bank stock was originally listed at a price of $18.38 in Dec 31, 1997. If you had invested in Independent Bank stock at $18.38, your return over the last 26 years would have been 164.96%, for an annualized return of 3.82% (not including any dividends or dividend reinvestments).

How much is Independent Bank's stock price per share?

(NASDAQ: INDB) Independent Bank stock price per share is $48.70 today (as of Apr 15, 2024).

What is Independent Bank's Market Cap?

(NASDAQ: INDB) Independent Bank's market cap is $2.07B, as of Apr 16, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Independent Bank's market cap is calculated by multiplying INDB's current stock price of $48.70 by INDB's total outstanding shares of 42,445,920.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.