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Independent Bank Corp INDB

Morningstar Rating
$62.26 +0.40 (0.65%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

INDB is trading within a range we consider fairly valued.
Price
$62.14
Fair Value
$94.49
Uncertainty
Very High
1-Star Price
$339.49
5-Star Price
$75.38
Economic Moat
Yxpyz
Capital Allocation
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News

Trading Information

Previous Close Price
$61.86
Day Range
$60.3262.72
52-Week Range
$44.6368.75
Bid/Ask
$48.00 / $62.29
Market Cap
$2.64 Bil
Volume/Avg
352,318 / 292,746

Key Statistics

Price/Earnings (Normalized)
11.90
Price/Sales
3.85
Dividend Yield (Trailing)
3.62%
Dividend Yield (Forward)
3.69%
Total Yield
3.62%

Company Profile

Independent Bank Corp is a bank holding company and the sole shareholder of its bank, the Rockland Trust Company. Rockland is a community-oriented commercial bank. The bank provides a variety of banking, investment and financial services, operating with various retail branches, as well as a network of commercial and residential lending centers, and investment management offices majorly in Eastern Massachusetts, Worcester County, and Rhode Island. The bank's loan portfolio constitutes the bulk of the bank's total assets. Its borrowers consist mostly of small to medium-size businesses and consumers, majority of which are made to its market area in eastern Massachusetts and Rhode Island. The bank's loan portfolio is predominantly in commercial loans.
Sector
Financial Services
Industry
Banks - Regional
Stock Style Box
Small Value
Total Number of Employees
1,787

Comparables

Valuation

Metric
INDB
FNLC
SYBT
Price/Earnings (Normalized)
11.9011.5516.18
Price/Book Value
0.901.281.93
Price/Sales
3.853.965.10
Price/Cash Flow
10.199.7712.44
Price/Earnings
INDB
FNLC
SYBT

Financial Strength

Metric
INDB
FNLC
SYBT
Quick Ratio
Current Ratio
Interest Coverage
Quick Ratio
No chart available

Profitability

Metric
INDB
FNLC
SYBT
Return on Assets (Normalized)
1.17%0.97%1.36%
Return on Equity (Normalized)
7.88%12.07%13.03%
Return on Invested Capital (Normalized)
Return on Assets
INDB
FNLC
SYBT
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Banks - Regional Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
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PNC Financial Services Group Inc
PNC
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U.S. Bancorp
USB
HymybmvxpvFvmzg$70.3 Bil
Truist Financial Corp
TFC
LjmqgpsgDdsksm$58.6 Bil
Itau Unibanco Holding SA ADR
ITUB
QmvnlmphWlmc$55.5 Bil
Mizuho Financial Group Inc ADR
MFG
PlpmmqljGbymg$54.8 Bil
Lloyds Banking Group PLC ADR
LYG
BcsrkmqmHfpwsb$47.5 Bil
NatWest Group PLC ADR
NWG
WbrbtvhDndy$36.3 Bil
Deutsche Bank AG
DB
LvchRlhf$33.3 Bil

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