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Independent Bank (Massachusetts) logo

INDB - Independent Bank (Massachusetts) Share Price

$83.71 0.2  0.3%

Last Trade - 9:00pm

Sector
Financials
Size
Mid Cap
Market Cap £2.01bn
Enterprise Value £1.99bn
Revenue £349.6m
Position in Universe 1957th / 6825
Bullish
Bearish
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Momentum
Relative Strength (%)
1m -16.1%
3m
6m
1yr
Volume Change (%)
10d / 3m
Price vs... (%)
52w High -16.4%
50d MA
200d MA
Growth & Value
12m Forecast Rolling Industry Market
Valuation (ttm) Industry Market
Margin of Safety
Qualifying GuruScreens
Financial Summary
Year End 31st Dec 2015 2016 2017 2018 2019 2020 2021E 2022E CAGR / Avg
290.8 310.3 341.9 386.7 508.4 479.2 469.2 468.8 +10.5%
+10.0 +9.4 +9.4 +41.2 +19.6 -36.3 +11.7 +1.15
PEG
Profitability
ROA
%
%
Cashflow
Dividends
Balance Sheet
NFA
m
FINANCIAL BRIEF: : For the fiscal year ended 31 December 2020,Independent Bank Corp (Massachusetts) interest incomedecreased 10% to $402.1M. Net interest income after loanloss provision decreased 19% to $315.2M. Net income beforeextraordinary items decreased 30% to $116.4M. Net interestincome after loan loss provision reflects Net InterestMargin, Total -% decrease of 19% to 3.29%, Net InterestSpread, Total -% decrease of 17% to 3.12%.
Health Trend(F-Score)
0 1 2 3 4 5 6 7 8 9
Bankruptcy Score(Z-Score)
Distress
Cautious
Safe
Earnings Manipulation Risk(M-Score)
Other Ratios
Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Latest News & Insights for INDB
Graphical History

Revenue

INDB Revenue Unlock INDB Revenue

Net Income

INDB Net Income Unlock INDB Revenue

Normalised EPS

INDB Normalised EPS Unlock INDB Revenue

PE Ratio Range

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Dividend Yield Range

INDB Dividend Yield Range Unlock INDB Revenue
Analyst Forecasts
Price Target:
( below Price)
31st Dec 2021
31st Dec 2022
Est. Long Term Growth Rate: Net Profit
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EPS
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DPS
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Net Profit
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EPS
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Consensus Estimate
1m Change
3m Change
Analyst Consensus
Strong Sell Sell Hold Buy Strong Buy
EPS 2020 /  2021
INDB EPS Forecasts Unlock INDB Revenue
Profile Summary

Independent Bank Corp. is a bank holding company. The Company operates through its subsidiary, Rockland Trust Company (the Bank). The Bank is a community-oriented commercial bank. Its community banking business provides a range of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management. As of November 16, 2018, the bank operated approximately 100 retail branches, commercial and residential lending centers, and investment management offices in eastern Massachusetts, including Greater Boston, the South Shore, the Cape and Islands, and Rhode Island. The Bank classifies loans as commercial loans, consumer real estate loans, or other consumer loans. Commercial loans consist of commercial and industrial loans, commercial real estate loans, commercial construction loans, and small business loans. The Bank offers a range of demand deposits, interest checking, money market accounts and savings accounts.

Directors
Last Annual December 31st, 2020
Last Interim December 31st, 2020
Incorporated June 20, 1985
Public Since July 4, 1994
No. of Shareholders: 2,935
No. of Employees: 1,432
Sector Financials
Industry Banking Services
Index Nasdaq Composite , S&P 600 Small Cap , S&P Composite 1500 ,
Exchange NASDAQ Global Select Market
Shares in Issue 33,024,909
Free Float (0.0%)
Eligible for
ISAs
SIPPs
INDB Share Price Performance
Share Price
Bid - Ask
Low - High
Spread
Day's Change
Avg Volume
Open - Close
Range (12m)
Beta
Latest News for INDB
Upcoming Events for INDB
Wednesday 21st April, 2021 Estimate
Q1 2021 Independent Bank Corp (Massachusetts) Earnings Release
Wednesday 21st July, 2021 Estimate
Q2 2021 Independent Bank Corp (Massachusetts) Earnings Release
Frequently Asked Questions for Independent Bank (Massachusetts)
What is the Independent Bank (Massachusetts) share price?

As of 9:00pm, shares in Independent Bank (Massachusetts) are trading at $83.71, giving the company a market capitalisation of £2.01bn. This share price information is delayed by 15 minutes.

How has the Independent Bank (Massachusetts) share price performed this year?

Shares in Independent Bank (Massachusetts) are currently trading at $83.71 and the price has moved by 16.56% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the Independent Bank (Massachusetts) price has moved by -21.44% over the past year.

What are the analyst and broker recommendations for Independent Bank (Massachusetts)?

Of the analysts with advisory recommendations for Independent Bank (Massachusetts), there are there are currently 1 "buy" , 3 "hold" and 0 "sell" recommendations. The overall consensus recommendation for Independent Bank (Massachusetts) is Hold. You can view the full broker recommendation list by unlocking its StockReport.

When will Independent Bank (Massachusetts) next release its financial results?

Independent Bank (Massachusetts) is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2021-12-31
What is the Independent Bank (Massachusetts) dividend yield?

The Independent Bank (Massachusetts) dividend yield is 2.18% based on the trailing twelve month period.

Does Independent Bank (Massachusetts) pay a dividend?

Last year, Independent Bank (Massachusetts) paid a total dividend of 1.82, and it currently has a trailing dividend yield of 2.18%. Looking ahead, Independent Bank (Massachusetts) has not announced an ex-dividend date yet.

When does Independent Bank (Massachusetts) next pay dividends?

Independent Bank (Massachusetts) has yet to annouce their ex-dividend date. The historic dividend yield on Independent Bank (Massachusetts) shares is currently 2.18%.

How do I buy Independent Bank (Massachusetts) shares?

To buy shares in Independent Bank (Massachusetts) you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of Independent Bank (Massachusetts)?

Shares in Independent Bank (Massachusetts) are currently trading at $83.71, giving the company a market capitalisation of £2.01bn.

Where are Independent Bank (Massachusetts) shares listed? Where are Independent Bank (Massachusetts) shares listed?

Here are the trading details for Independent Bank (Massachusetts):

Country of listing: United States
Exchange: NSQ
Ticker Symbol: INDB
What kind of share is Independent Bank (Massachusetts)?

Based on an overall assessment of its quality, value and momentum, Independent Bank (Massachusetts) is currently classified as a Style Neutral. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a Independent Bank (Massachusetts) share price forecast 2021?

Shares in Independent Bank (Massachusetts) are currently priced at $83.71. At that level they are trading at 1.51% discount to the analyst consensus target price of 0.00.

Analysts covering Independent Bank (Massachusetts) currently have a consensus Earnings Per Share (EPS) forecast of 4.012 for the next financial year.

How can I tell whether the Independent Bank (Massachusetts) share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Independent Bank (Massachusetts). Over the past six months, the relative strength of its shares against the market has been 30.85%. At the current price of $83.71, shares in Independent Bank (Massachusetts) are trading at 18.82% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the Independent Bank (Massachusetts) PE Ratio?

The Independent Bank (Massachusetts) PE ratio based on its reported earnings over the past 12 months is 23.25. The shares are currently trading at $83.71.

The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.

The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.

Who are the key directors of Independent Bank (Massachusetts)?

Independent Bank (Massachusetts)'s management team is headed by:

Edward Seksay - EVP
Christopher Oddleifson - PRE
Donna Abelli - IND
Gerard Nadeau - DRC
Robert Cozzone - COO
Barry Jensen - COO
Mark Ruggiero - CFO
Maria Harris - SVP
Dennis Archer - DRC
Warren Fields - DRC
James Morton - DRC
Who are the major shareholders of Independent Bank (Massachusetts)?

Here are the top five shareholders of Independent Bank (Massachusetts) based on the size of their shareholding:

BlackRock Institutional Trust Company, N.A. Investment Advisor
Percentage owned: 13.76% (4.54m shares)
The Vanguard Group, Inc. Investment Advisor/Hedge Fund
Percentage owned: 10.1% (3.34m shares)
iShares Core S&P Small-Cap ETF Mutual Fund
Percentage owned: 6.64% (2.19m shares)
Silvercrest Asset Management Group LLC Investment Advisor/Hedge Fund
Percentage owned: 5.1% (1.68m shares)
Victory Capital Management Inc. Investment Advisor/Hedge Fund
Percentage owned: 4.12% (1.36m shares)
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