Independent Bank is a banks - regional business based in the US. Independent Bank shares (INDB) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $74.97 – an increase of 5.9% over the previous week. Independent Bank employs 1,787 staff and has a trailing 12-month revenue of around $655.5 million.
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| Latest market close | $74.97 |
|---|---|
| 52-week range | $44.17 - $75.63 |
| 50-day moving average | $63.33 |
| 200-day moving average | $55.78 |
| Wall St. target price | $68.75 |
| PE ratio | 15.6826 |
| Dividend yield | $2.26 (3.16%) |
| Earnings per share (TTM) | $4.60 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Historical closes compared with the close of $73.98 from 2024-11-22
| 1 week (2024-11-19) | 4.51% |
|---|---|
| 1 month (2024-10-25) | 19.61% |
| 3 months (2024-08-26) | 17.62% |
| 6 months (2024-05-24) | 45.32% |
| 1 year (2023-11-24) | 32.84% |
|---|---|
| 2 years (2022-11-25) | -9.98% |
| 3 years (2021-11-26) | 0.47% |
| 5 years (2019-11-26) | 2.28% |
Valuing Independent Bank stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Independent Bank's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Independent Bank's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 16x. In other words, Independent Bank shares trade at around 16x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Independent Bank's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 10.9971. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Independent Bank's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
| Revenue TTM | $655.5 million |
|---|---|
| Operating margin TTM | 38.14% |
| Gross profit TTM | $718.4 million |
| Return on assets TTM | 1.01% |
| Return on equity TTM | 6.72% |
| Profit margin | 30.03% |
| Book value | $70.08 |
| Market Capitalization | $3.1 billion |
TTM: trailing 12 months
Dividend payout ratio: 49.13% of net profits
Recently Independent Bank has paid out, on average, around 0% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Independent Bank shareholders could enjoy a 0% return on their shares, in the form of dividend payments. In Independent Bank's case, that would currently equate to about $2.26 per share.
While Independent Bank's payout ratio might seem fairly standard, it's worth remembering that Independent Bank may be investing much of the rest of its net profits in future growth.
Independent Bank's most recent dividend payout was on 3 October 2024. The latest dividend was paid out to all shareholders who bought their shares by 29 September 2024 (the "ex-dividend date").
Independent Bank's shares were split on a 3:2 basis on 30 September 1987 . So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Independent Bank shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for Independent Bank shares which in turn could have impacted Independent Bank's share price.
Over the last 12 months, Independent Bank's shares have ranged in value from as little as $44.168 up to $75.63. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Independent Bank's is 0.743. This would suggest that Independent Bank's shares are less volatile than average (for this exchange).
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.
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