INDB - Independent Bank Corp-Rockland MA Stock Price, Fair Value and News

48.43USD-0.27 (-0.55%)Market Closed

Market Summary

USD48.43-0.27

Market Closed

-0.55%

INDB Stock Price

View Fullscreen

INDB RSI Chart

INDB Valuation

Market Cap

2.1B

Price/Earnings (Trailing)

8.58

Price/Sales (Trailing)

2.58

EV/EBITDA

3.18

Price/Free Cashflow

7.87

INDB Price/Sales (Trailing)

INDB Profitability

EBT Margin

39.60%

Return on Equity

8.27%

Return on Assets

1.24%

Free Cashflow Yield

12.7%

INDB Fundamentals

INDB Revenue

Revenue (TTM)

795.7M

Rev. Growth (Yr)

12.51%

Rev. Growth (Qtr)

2.09%

INDB Earnings

Earnings (TTM)

239.5M

Earnings Growth (Yr)

-28.87%

Earnings Growth (Qtr)

-9.88%

Breaking Down INDB Revenue

Last 7 days

-3.1%

Last 30 days

-3%

Last 90 days

-20.1%

Trailing 12 Months

-23.4%

How does INDB drawdown profile look like?

INDB Financial Health

Debt/Equity

0.42

Debt/Cashflow

0.23

INDB Investor Care

Dividend Yield

4.54%

Dividend/Share (TTM)

2.2

Buy Backs (1Y)

5.81%

Diluted EPS (TTM)

5.42

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	689.2M	739.7M	772.7M	795.7M
2022	456.3M	507.7M	584.6M	642.8M
2021	394.3M	391.1M	386.2M	415.3M
2020	462.9M	440.7M	419.0M	402.1M
2019	341.5M	384.5M	421.2M	447.0M
2018	286.5M	297.6M	308.7M	323.7M
2017	251.3M	258.3M	267.7M	277.2M
2016	238.9M	241.0M	243.1M	246.6M
2015	219.9M	224.6M	230.5M	235.5M
2014	208.1M	210.9M	214.2M	216.5M
2013	199.2M	202.3M	204.8M	205.9M
2012	194.6M	193.5M	193.2M	196.2M
2011	200.8M	199.0M	197.3M	195.8M
2010	0	202.7M	202.7M	202.7M
2009	0	0	0	202.7M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Independent Bank Corp-Rockland MA

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 14, 2024	nadeau gerard f	sold (taxes)	-27,735	49.44	-561	president
Mar 14, 2024	ruggiero mark j	acquired	-	-	1,040	cfo & evp consumer lending
Mar 14, 2024	nadeau gerard f	acquired	-	-	2,080	president
Mar 14, 2024	harris maria s	acquired	-	-	880	chief human resources officer
Mar 14, 2024	harris maria s	sold (taxes)	-11,717	49.44	-237	chief human resources officer
Mar 01, 2024	ruggiero mark j	bought	25,542	51.0859	500	cfo & evp consumer lending
Feb 29, 2024	abelli donna l	sold	-42,264	52.83	-800	-
Feb 27, 2024	nadeau gerard f	sold (taxes)	-5,062	52.195	-97.00	president
Feb 27, 2024	ruggiero mark j	sold (taxes)	-2,087	52.195	-40.00	cfo & evp consumer lending
Feb 27, 2024	rizzo james t.	sold (taxes)	-2,505	52.195	-48.00	chief commercial banking off.

Which funds bought or sold INDB recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 15, 2024	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	reduced	-0.65	-316,619	1,158,380	-%
Apr 15, 2024	Legato Capital Management LLC	reduced	-33.06	-598,913	672,931	0.08%
Apr 12, 2024	ARMSTRONG ADVISORY GROUP, INC	unchanged	-	-	23,297	-%
Apr 12, 2024	Riverview Trust Co	new	-	15,710	15,710	0.01%
Apr 12, 2024	AdvisorNet Financial, Inc	new	-	1,040	1,040	-%
Apr 12, 2024	BALDWIN BROTHERS LLC/MA	unchanged	-	-13,101	49,419	-%
Apr 11, 2024	ROCKLAND TRUST CO	reduced	-0.5	-9,106,630	33,555,000	1.77%
Apr 10, 2024	SOA Wealth Advisors, LLC.	added	0.86	-1,553	6,108	-%
Apr 09, 2024	MASSMUTUAL TRUST CO FSB/ADV	added	3.35	-3,951	17,635	-%
Apr 09, 2024	MATHER GROUP, LLC.	new	-	4,014	4,014	-%

Are Funds Buying or Selling INDB?

Are funds buying INDB calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own INDB

No. of Funds

Unveiling Independent Bank Corp-Rockland MA's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	12.02%	5,272,986	SC 13G/A
Jan 24, 2024	state street corp	5.09%	2,230,305	SC 13G
Jan 23, 2024	blackrock inc.	14.3%	6,276,602	SC 13G/A
Feb 09, 2023	vanguard group inc	12.42%	5,668,380	SC 13G/A
Jan 26, 2023	blackrock inc.	14.8%	6,734,091	SC 13G/A
Jan 20, 2023	blackrock inc.	14.8%	6,734,091	SC 13G/A
Feb 10, 2022	vanguard group inc	11.00%	5,206,390	SC 13G/A
Jan 27, 2022	blackrock inc.	14.8%	7,001,106	SC 13G/A
Jan 25, 2022	blackrock inc.	14.8%	7,001,106	SC 13G/A
Feb 10, 2021	vanguard group inc	10.12%	3,335,570	SC 13G/A

Recent SEC filings of Independent Bank Corp-Rockland MA

View All Filings

Date Filed	Form Type	Document
Apr 03, 2024	DEFA14A	DEFA14A
Mar 28, 2024	DEF 14A	DEF 14A
Mar 21, 2024	8-K	Current Report
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 04, 2024	4	Insider Trading
Feb 29, 2024	4	Insider Trading
Feb 29, 2024	4	Insider Trading
Feb 29, 2024	4	Insider Trading

Peers (Alternatives to Independent Bank Corp-Rockland MA)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	520.7B	171.1B	-5.00%	29.29%	10.51	3.04	60.72%	31.52%
BAC	273.1B	130.3B	-2.03%	14.22%	10.3	2.1	79.51%	-3.68%
WFC	201.8B	85.7B	-1.91%	36.59%	10.54	2.36	41.49%	39.96%
C	109.0B	133.3B	-1.04%	14.73%	11.81	0.82	79.09%	-
CFG	14.9B	10.2B	-3.22%	6.89%	9.25	1.46	44.53%	-22.43%
KEY	13.3B	7.9B	-1.73%	15.60%	13.74	1.68	46.47%	-49.56%
MID-CAP
CMA	6.6B	4.2B	1.07%	11.08%	7.52	1.59	56.25%	-23.46%
ZION	5.9B	3.9B	-0.70%	27.74%	8.61	1.48	45.91%	-25.03%
ABCB	3.1B	1.3B	-2.61%	28.18%	11.39	2.39	43.24%	-22.35%
ASB	3.0B	2.0B	-1.73%	8.03%	16.43	1.54	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	25.23%	-24.02%
ALRS	394.8M	164.9M	-5.30%	27.06%	33.75	2.39	42.66%	-70.76%
AROW	362.8M	162.6M	-7.63%	-5.80%	12.06	2.23	25.39%	-38.37%
ACNB	270.6M	96.6M	-10.52%	3.61%	8.54	2.8	11.02%	-11.37%
ASRV	41.7M	60.9M	-6.90%	-21.61%	-12.45	0.68	24.06%	-144.92%

Independent Bank Corp-Rockland MA News

Latest updates

Independent Bank Corp-Rockland MA Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	2.1%	207	203	199	187	184	170	148	141	126	93.00	97.00	100	97.00	98.00	100	107	114	120	122	92.00	88.00
EBITDA Margin	-8.0%	1.20*	1.31*	1.40*	1.50*	1.56*	1.46*	1.45*	1.43*	1.42*	1.56*	1.52*	1.46*	-	-	-	-	-	-	-	-	-
Interest Expenses	-3.2%	145	150	153	159	168	163	145	137	123	90.00	93.00	96.00	91.00	91.00	91.00	94.00	100	105	106	83.00	80.00
Income Taxes	-	-	-	-	-	-	-	-	-	-	-	-	-	11.00	11.00	8.00	2.00	14.00	17.00	10.00	12.00	8.00
Earnings Before Taxes	-11.5%	71.00	80.00	83.00	81.00	100	95.00	82.00	70.00	-1.12	54.00	50.00	54.00	45.00	46.00	33.00	29.00	62.00	69.00	41.00	47.00	38.00
EBT Margin	-11.2%	0.40*	0.45*	0.49*	0.52*	0.54*	0.42*	0.40*	0.38*	0.38*	0.53*	0.50*	0.45*	-	-	-	-	-	-	-	-	-
Net Income	-9.9%	55.00	61.00	63.00	61.00	77.00	72.00	62.00	53.00	2.00	40.00	38.00	42.00	35.00	35.00	25.00	27.00	47.00	52.00	31.00	35.00	30.00
Net Income Margin	-11.1%	0.30*	0.34*	0.37*	0.39*	0.41*	0.32*	0.31*	0.29*	0.29*	0.40*	0.38*	0.35*	-	-	-	-	-	-	-	-	-
Free Cashflow	-39.8%	47.00	78.00	88.00	47.00	111	132	89.00	67.00	24.00	30.00	46.00	65.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-0.1%	19,347	19,368	19,401	19,442	19,294	19,703	19,982	20,159	20,423	14,533	14,194	13,774	13,204	13,174	13,023	11,980	11,395	11,539	11,603	8,997	8,852
Cash Equivalents	1.9%	224	220	308	503	353	936	1,476	1,840	2,241	2,008	-	-	1,297	-	-	-	151	-	-	-	64.00
Net PPE	0.8%	193	192	194	196	197	198	202	199	196	124	117	116	116	122	122	122	124	125	123	99.00	98.00
Goodwill	0%	985	985	985	985	985	985	985	985	985	506	506	506	506	506	506	506	506	505	505	250	506
Liabilities	-0.2%	16,452	16,483	16,546	16,611	16,407	16,886	17,111	17,194	17,405	12,777	12,453	12,059	11,502	11,484	11,351	10,301	9,687	9,856	9,967	7,893	7,778
Short Term Borrowings	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50.00	-
Long Term Debt	21.8%	1,218	1,000	901	992	113	113	138	138	152	157	172	176	181	296	296	546	303	75.00	75.00	75.00	-
Shareholder's Equity	0.3%	2,895	2,885	2,855	2,831	2,887	2,817	2,871	2,965	3,018	1,756	1,742	1,715	1,703	1,690	1,672	1,680	1,708	1,682	1,636	1,105	1,073
Retained Earnings	3.0%	1,077	1,046	1,010	971	934	883	834	796	767	788	764	742	716	697	677	667	654	622	585	570	547
Additional Paid-In Capital	-3.4%	1,932	1,999	1,998	1,995	2,115	2,113	2,146	2,248	2,249	949	948	946	946	944	943	963	1,035	1,034	1,030	528	528
Shares Outstanding	-2.9%	43.00	44.00	44.00	44.00	46.00	46.00	47.00	47.00	35.00	33.00	33.00	33.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	1,946	-	-	-	3,622	-	-	-	2,465	-	-	-	2,184	-	2,575	-	-	-	2,114

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-34.2%	53,505	81,259	90,764	51,466	115,341	133,421	96,910	75,528	33,425	39,042	50,289	67,464	53,813	24,185	-2,959	-10,403	79,286	152,096	-49,028	34,168	38,043
Share Based Compensation	46.8%	1,656	1,128	1,921	1,672	981	1,017	1,632	834	842	707	1,610	1,150	826	868	1,579	850	990	981	1,517	915	1,064
Cashflow From Investing	134.2%	19,272	-56,287	-146,077	-28,558	-215,993	-290,285	-210,565	-283,631	578,723	-530,742	63,376	-174,493	-37,849	18,109	-376,333	-92,138	34,102	72,289	-19,498	-66,733	-127,433
Cashflow From Financing	39.4%	-68,575	-113,108	-138,967	126,703	-482,711	-383,107	-250,437	-192,222	-379,295	243,101	373,426	579,732	12,635	120,023	1,013,635	422,944	-181,686	-199,127	-29,734	74,384	88,998
Dividend Payments	0.0%	24,278	24,274	24,351	25,103	23,274	23,570	24,162	22,728	15,861	15,859	15,852	15,164	15,159	15,154	15,401	15,126	15,122	15,101	12,380	10,671	10,466
Buy Backs	-	68,959	-	-	119,951	-	34,648	103,396	1,902	-	-	-	-	-	-	21,865	73,226	-	-	-	-	1,344

INDB Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest income
Interest and fees on loans	$ 730,008	$ 577,923	$ 381,433
Interest Income, Securities, Operating, Taxable	60,336	50,354	30,477
Nontaxable interest and dividends on securities	6	6	16
Interest on loans held for sale	190	172	856
Interest on federal funds sold and short-term investments	5,186	14,385	2,494
Total interest and dividend income	795,726	642,840	415,276
Interest expense
Interest on deposits	144,752	24,652	8,327
Interest on borrowings	44,453	4,939	5,390
Total interest expense	189,205	29,591	13,717
Net interest income	606,521	613,249	401,559
Provision for Loan and Lease Losses	23,250	6,500	18,205
Net interest income after provision for credit losses	583,271	606,749	383,354
Noninterest income
Deposit account fees	23,486	23,370	16,745
Interchange and ATM fees	18,108	16,249	12,987
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions	40,191	36,832	35,308
Fees and Commission Mortgage Banking	2,326	3,515	13,280
Increase in cash surrender value of life insurance policies	7,868	7,685	6,431
Gain Realized on Life Insurance Policies	2,291	1,291	258
Derivative, Gain (Loss) on Derivative, Net	3,327	2,932	3,257
Other noninterest income	27,012	22,793	17,584
Total noninterest income	124,609	114,667	105,850
Noninterest expenses
Salaries and employee benefits	222,135	204,711	172,586
Occupancy and equipment expenses	50,582	49,841	36,265
Data processing & facilities management	9,884	9,320	6,899
FDIC assessment	11,953	6,951	3,980
Consulting expense	8,954	9,617	8,271
Cost, Amortization	6,878	7,655	5,715
Debit Card Expense	9,003	7,670	5,144
Merger and acquisition expense	0	7,100	40,840
Software Maintenance	13,115	10,961	8,149
Other noninterest expenses	60,242	59,836	44,680
Total noninterest expenses	392,746	373,662	332,529
Income before income taxes	315,134	347,754	156,675
Income tax benefit	75,632	83,941	35,683
Net Income	$ 239,502	$ 263,813	$ 120,992
Basic earnings per share (in dollars per share)	$ 5.42	$ 5.69	$ 3.47
Diluted earnings per share (in dollars per share)	$ 5.42	$ 5.69	$ 3.47
Weighted average common shares (basic) (in shares)	44,181,540	46,372,051	34,872,034
Common share equivalents (in shares)	12,007	17,938	16,484
Weighted average common shares (diluted) (in shares)	44,193,547	46,389,989	34,888,518
Retained Earnings
Noninterest expenses
Net Income	$ 239,502	$ 263,813	$ 120,992
Cash dividends declared (in dollars per share)	$ 2.20	$ 2.08	$ 1.92

INDB Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Assets

Cash and due from banks

$ 178,861

$ 175,843

Interest-earning deposits with banks

45,469

177,090

Debt Securities, Trading

4,987

3,888

Securities

Equity Securities, FV-NI

22,510

21,119

Debt Securities, Available-for-Sale

1,334,256

1,399,154

Held to maturity (fair value $1,417,608 and $1,524,710)

1,569,107

1,705,120

Total securities

2,930,860

3,129,281

Loans Receivable Held-for-sale, Net, Not Part of Disposal Group

6,368

2,803

Loans

Financing Receivable, before Allowance for Credit Loss

14,278,070

13,928,675

Less: allowance for credit losses

(142,222)

(152,419)

Net loans

14,135,848

13,776,256

Federal Home Loan Bank stock

43,557

5,218

Bank premises and equipment, net

193,049

196,504

Other intangible assets

18,190

25,068

Cash surrender value of life insurance policies

297,387

293,323

Other assets

512,712

527,716

Total assets

19,347,373

19,294,174

Deposits

Noninterest-bearing demand deposits

4,567,083

5,441,584

Savings and interest checking accounts

5,298,913

5,898,009

Money market

2,818,072

3,343,673

Time Deposits

2,181,479

1,195,741

Total deposits

14,865,547

15,879,007

Borrowings

Federal Home Loan Bank borrowings

1,105,541

637

Junior subordinated debentures (less unamortized debt issuance costs of $30 and $33)

62,858

62,855

Subordinated debentures (less unamortized debt issuance costs of $20 and $115)

49,980

49,885

Total borrowings

1,218,379

113,377

Other liabilities

368,196

415,089

Total liabilities

16,452,122

16,407,473

Commitments and contingencies

Stockholders' Equity

Preferred stock, $0.01 par value; authorized: 1,000,000 shares, outstanding: none

Common stock, $0.01 par value; authorized: 75,000,000 shares, issued and outstanding: 42,873,187 shares at December 31, 2023 and 45,641,238 shares at December 31, 2022 (includes 162,812 and 135,712 shares of unvested participating restricted stock awards, respectively)

427

455

Value of shares held in rabbi trust at cost: 80,222 shares at December 31, 2023 and 80,965 shares at December 31, 2022

(3,298)

(3,227)

Compensation and Benefits Trust

3,298

3,227

Additional paid in capital

1,932,163

2,114,888

Retained earnings

1,077,488

934,442

Accumulated other comprehensive loss, net of tax

(114,827)

(163,084)

Total stockholders' equity

2,895,251

2,886,701

Liabilities and Equity

19,347,373

19,294,174

Commercial And Industrial [Member]

Loans

Financing Receivable, before Allowance for Credit Loss

1,579,986

1,635,103

Commercial Real Estate [Member]

Loans

Financing Receivable, before Allowance for Credit Loss

8,041,508

7,760,230

Construction Loans [Member]

Loans

Financing Receivable, before Allowance for Credit Loss

849,586

1,154,413

Small Business [Member]

Loans

Financing Receivable, before Allowance for Credit Loss

251,956

219,102

Residential Real Estate [Member]

Loans

Financing Receivable, before Allowance for Credit Loss

2,424,754

2,035,524

Home Equity 1st Position [Member] | Senior Lien [Member]

Loans

Financing Receivable, before Allowance for Credit Loss

518,706

566,166

Home Equity Subordinate Position [Member] | Junior Lien [Member]

Loans

Financing Receivable, before Allowance for Credit Loss

578,920

522,584

Consumer Portfolio Segment [Member]

Loans

Financing Receivable, before Allowance for Credit Loss

^[1]

$ 32,654

$ 35,553

[1]	Other consumer portfolio is inclusive of deposit account overdrafts recorded as loan balances.

About Independent Bank Corp-Rockland MA

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 primarily in Massachusetts. It accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company also offers commercial and industrial, commercial real estate and construction, small business, and consumer real estate. In addition, it provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.

CEO	Mr. Jeffrey J. Tengel
WEBSITE	rocklandtrust.com
INDUSTRY	Banks Diversified
EMPLOYEES	1739

Independent Bank Corp-Rockland MA Frequently Asked Questions

What is the ticker symbol for Independent Bank Corp-Rockland MA? What does INDB stand for in stocks?

INDB is the stock ticker symbol of Independent Bank Corp-Rockland MA. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Independent Bank Corp-Rockland MA (INDB)?

As of Tue Apr 16 2024, market cap of Independent Bank Corp-Rockland MA is 2.06 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of INDB stock?

You can check INDB's fair value in chart for subscribers.

What is the fair value of INDB stock?

You can check INDB's fair value in chart for subscribers. The fair value of Independent Bank Corp-Rockland MA is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Independent Bank Corp-Rockland MA is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for INDB so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Independent Bank Corp-Rockland MA a good stock to buy?

The fair value guage provides a quick view whether INDB is over valued or under valued. Whether Independent Bank Corp-Rockland MA is cheap or expensive depends on the assumptions which impact Independent Bank Corp-Rockland MA's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for INDB.

What is Independent Bank Corp-Rockland MA's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 16 2024, INDB's PE ratio (Price to Earnings) is 8.58 and Price to Sales (PS) ratio is 2.58. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. INDB PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Independent Bank Corp-Rockland MA's stock?

In the past 10 years, Independent Bank Corp-Rockland MA has provided 0.043 (multiply by 100 for percentage) rate of return.