NASDAQ: INDB
Last close prices updated as of
May 30, 2023, 4:00 PM EST
| USD | BATS BZX Real-Time Price
- Last Close 45.42
- Sector Financial Services
- Industry Banks - Regional
- Investment Style Small Value
- Day Range 44.14 – 46.03
- Year Range 44.14 – 91.65
- Market Cap 2.0042 Bil
- Volume / Avg 211,517.0 / 294,585.5
- Price / Sales 2.79
- Price / Book 0.70
- Forward Div Yield 4.86%
- Trailing Div Yield 4.67%
Morningstar‘s Stock Analysis INDB
Valuation
Currency in —
Is it the right time to buy or sell?
Is it the right time to buy or sell?
1-Star Price
INVESTOR
5-Star Price
INVESTOR
Economic Moat
INVESTOR
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Company Profile INDB
Business Description
Independent Bank 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's revenue is derived from a wide array of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management. Rockland has historically relied heavily on both organic growth and select merger and acquisition activity to drive growth. 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, most of which are made to its market area in eastern Massachusetts and Rhode Island. The bank's loan portfolio is predominantly in commercial loans.
Our Quantitative Research team models direct competitors or comparable companies from a bottom-up perspective to find companies describing their business in a similar fashion.
Independent Bank Corp
XNAS: INDB
| NBT Bancorp Inc
XNAS: NBTB
| SB Financial Group Inc
XNAS: SBFG
| Bank Of Utica (ny)
PINX: BKUT
| |
Price
| 45.42 | 34.74 | 13.70 | 402.00 |
Currency
| USD | USD | USD | USD |
Change
| +$0.19 (0.42%) | −$0.14 (0.40%) | +$0.22 (1.63%) | −$30.25 (7.00%) |
Market Cap
| 2.00 Bil | 1.49 Bil | 94.75 Mil | 96.48 Mil |
Industry
| Banks - Regional | Banks - Regional | Banks - Regional | Banks - Regional |
Sector
|
Financial Services
|
Financial Services
|
Financial Services
|
Financial Services
|
* Trading data in this section is delayed by at least 15 minutes.
FAQs for Independent Bank Corp Stock
Yes. INDB has a forward dividend yield of 4.86%.
See
INDB’s full dividends and stock split history
on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends.
The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.
Learn more about dividend yield.
INDB’s market cap is 2.00 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares.
It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the
largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.
Learn more about market capitalization.
INDB’s stock style is Small Value.
Style is an investment factor that has a meaningful impact on investment risk and returns.
Style is calculated by combining value and growth scores, which are first individually calculated.
High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.
Learn more about style.
INDB’s price/sales is 2.79.
Price/sales represents the amount an investor is willing to pay for a dollar generated from
a particular company’s sales or revenues.
INDB’s price/forward earnings is 7.63.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates.
The lower the Forward P/E, the cheaper the stock.
INDB’s price/book is 0.70.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets,
based on historical, rather than current, valuations. Historical valuations generally do not reflect
a company’s current market value. Value investors frequently look for companies that have low price/book ratios.
See INDB’s valuation ratios compared to the Market Index.
INDB’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.
Compare INDB’s historical performance against its industry peers and the overall market.