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Independent Bank Corp. (INDB)

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65.09 +0.85 (+1.32%)
At close: 4:00 PM EDT
65.09 0.00 (0.00%)
After hours: 4:20 PM EDT
Loading Chart for INDB
DELL
  • Previous Close 64.24
  • Open 64.30
  • Bid --
  • Ask --
  • Day's Range 64.01 - 65.47
  • 52 Week Range 44.63 - 68.75
  • Volume 309,995
  • Avg. Volume 255,279
  • Market Cap (intraday) 2.765B
  • Beta (5Y Monthly) 0.76
  • PE Ratio (TTM) 13.10
  • EPS (TTM) 4.97
  • Earnings Date Oct 18, 2024
  • Forward Dividend & Yield 2.28 (3.55%)
  • Ex-Dividend Date Sep 30, 2024
  • 1y Target Est 63.67

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. was founded in 1907 and is headquartered in Rockland, Massachusetts.

www.rocklandtrust.com

1,787

Full Time Employees

December 31

Fiscal Year Ends

Recent News: INDB

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Performance Overview: INDB

Trailing total returns as of 10/17/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

INDB
2.12%
S&P 500
22.47%

1-Year Return

INDB
40.08%
S&P 500
33.56%

3-Year Return

INDB
10.20%
S&P 500
30.64%

5-Year Return

INDB
2.47%
S&P 500
95.39%

Compare To: INDB

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Statistics: INDB

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Valuation Measures

Annual
As of 10/16/2024
  • Market Cap

    2.73B

  • Enterprise Value

    --

  • Trailing P/E

    12.93

  • Forward P/E

    12.52

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    4.02

  • Price/Book (mrq)

    0.93

  • Enterprise Value/Revenue

    4.96

  • Enterprise Value/EBITDA

    --

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    31.68%

  • Return on Assets (ttm)

    1.11%

  • Return on Equity (ttm)

    7.44%

  • Revenue (ttm)

    677.67M

  • Net Income Avi to Common (ttm)

    214.71M

  • Diluted EPS (ttm)

    4.97

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    376.87M

  • Total Debt/Equity (mrq)

    --

  • Levered Free Cash Flow (ttm)

    --

Research Analysis: INDB

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 165.9M
Earnings 51.33M
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

62.00 Low
63.67 Average
65.09 Current
65.00
 

Company Insights: INDB

Research Reports: INDB

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  • Raising target price to $66.00

    INDEPENDENT BANK CORP/MA has an Investment Rating of HOLD; a target price of $66.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Low.

    Rating
    Price Target
     
  • What does Argus have to say about INDB?

    INDEPENDENT BANK CORP/MA has an Investment Rating of HOLD; a target price of $60.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.

    Rating
    Price Target
     
  • Lowering target price to $60.00

    INDEPENDENT BANK CORP/MA has an Investment Rating of HOLD; a target price of $60.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.

    Rating
    Price Target
     
  • Lowering target price to $62.00

    INDEPENDENT BANK CORP/MA has an Investment Rating of HOLD; a target price of $62.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.

    Rating
    Price Target
     

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