Business Description
Independent Bank Corp
NAICS : 522110
SIC : 6022
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.
Financial Strength
4/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Cash-To-Debt | 3.11 | |||||
| Equity-to-Asset | 0.15 | |||||
| Debt-to-Equity | 0.04 | |||||
| Debt-to-EBITDA | 0.16 | |||||
| Interest Coverage | N/A |
N/A
|
N/A
| |||
| Piotroski F-Score | 7/9 | |||||
| Beneish M-Score | -2 | |||||
| WACC vs ROIC | ||||||
Growth Rank
8/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| 3-Year Revenue Growth Rate | 0.5 | |||||
| 3-Year EPS without NRI Growth Rate | 4.2 | |||||
| 3-Year FCF Growth Rate | 12.2 | |||||
| 3-Year Book Growth Rate | 8.4 |
Momentum Rank
7/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| 5-Day RSI | 46.78 | |||||
| 9-Day RSI | 41.16 | |||||
| 14-Day RSI | 38.94 | |||||
| 6-1 Month Momentum % | 4.13 | |||||
| 12-1 Month Momentum % | -3.01 |
Liquidity Ratio
| Name | Current | Vs Industry | Vs History |
|---|
Dividend & Buy Back
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Dividend Yield % | 3.12 | |||||
| Dividend Payout Ratio | 0.37 | |||||
| 3-Year Dividend Growth Rate | 5.7 | |||||
| Forward Dividend Yield % | 3.24 | |||||
| 5-Year Yield-on-Cost % | 4.91 | |||||
| 3-Year Average Share Buyback Ratio | -9.9 |
Profitability Rank
6/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Net Margin % | 36.63 | |||||
| ROE % | 9.06 | |||||
| ROA % | 1.32 | |||||
| Years of Profitability over Past 10-Year | 10 |
GF Value Rank
7/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| PE Ratio | 11.91 | |||||
| Forward PE Ratio | 10.52 | |||||
| PE Ratio without NRI | 11.91 | |||||
| Shiller PE Ratio | 16.4 | |||||
| Price-to-Owner-Earnings | 7.23 | |||||
| PEG Ratio | 0.84 | |||||
| PS Ratio | 4.37 | |||||
| PB Ratio | 1.07 | |||||
| Price-to-Tangible-Book | 1.65 | |||||
| Price-to-Free-Cash-Flow | 7.86 | |||||
| Price-to-Operating-Cash-Flow | 7.46 | |||||
| EV-to-Revenue | 3.92 | |||||
| EV-to-Forward-Revenue | 5.92 | |||||
| EV-to-FCF | 7.07 | |||||
| Price-to-Projected-FCF | 0.72 | |||||
| Price-to-DCF (Earnings Based) | 0.7 | |||||
| Price-to-DCF (FCF Based) | 0.58 | |||||
| Price-to-Median-PS-Value | 0.85 | |||||
| Price-to-Peter-Lynch-Fair-Value | 0.86 | |||||
| Price-to-Graham-Number | 0.93 | |||||
| Forward Rate of Return (Yacktman) % | 21.39 |
How Independent Bank Corp (INDB) Makes Its Money
Historical Operating Revenue by Business Segment
Historical Operating Revenue by Geographic Region
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Performance
Dividend
Log
Annualized Return %
Total Annual Return %
Executives
DetailsAnalyst Estimate
Key Statistics
| Name | Value | ||
|---|---|---|---|
| Revenue (TTM) (Mil $) | 720.246 | ||
| EPS (TTM) ($) | 5.7 | ||
| Beta | 0.64 | ||
| Volatility % | 25.29 | ||
| 14-Day RSI | 38.94 | ||
| 14-Day ATR ($) | 3.066811 | ||
| 20-Day SMA ($) | 72.1735 | ||
| 12-1 Month Momentum % | -3.01 | ||
| 52-Week Range ($) | 63.72 - 91.65 | ||
| Shares Outstanding (Mil) | 45.06 |
Piotroski F-Score Details
Year:
| Component | Result | ||
|---|---|---|---|
| Piotroski F-Score | 7 | ||
| Positive ROA | |||
| Positive CFROA | |||
| Higher ROA yoy | |||
| CFROA > ROA | |||
| Lower Leverage yoy | |||
| Higher Current Ratio yoy | |||
| Less Shares Outstanding yoy | |||
| Higher Gross Margin yoy | |||
| Higher Asset Turnover yoy |
Independent Bank Corp Filings
| Document | Form | Filing Date | ||
|---|---|---|---|---|
| No Filing Data | ||||
Independent Bank Corp Stock Events
| Event | Date | Price($) | ||
|---|---|---|---|---|
| No Event Data | ||||
Independent Bank Corp Frequently Asked Questions
What is Independent Bank Corp(INDB)'s stock price today?
The current price of INDB is $67.90. The 52 week high of INDB is $91.65 and 52 week low is $63.72.
When is next earnings date of Independent Bank Corp(INDB)?
The next earnings date of Independent Bank Corp(INDB) is 2023-04-26 Est..
Does Independent Bank Corp(INDB) pay dividends? If so, how much?
The Dividend Yield %  of Independent Bank Corp(INDB) is 3.12% (As of Today), Highest Dividend Payout Ratio of Independent Bank Corp(INDB) was 0.55. The lowest was 0.35. And the median was 0.4. The  Forward Dividend Yield % of Independent Bank Corp(INDB) is 3.24%. For more information regarding to dividend, please check our Dividend Page.
Press Release
| Subject | Date | |||
|---|---|---|---|---|
| No Press Release | ||||
