Based on the Independent Bank stock forecast from 2 analysts, the average analyst target price for Independent Bank is USD 64.00 over the next 12 months. Independent Bank’s average analyst rating is Hold . Stock Target Advisor’s own stock analysis of Independent Bank is Slightly Bearish, which is based on 3 positive signals and 6 negative signals. At the last closing, Independent Bank’s stock price was USD 50.56. Independent Bank’s stock price has changed by +3.95% over the past week, +2.45% over the past month and -18.90% over the last year.
No recent analyst target price found for Independent Bank
No recent average analyst rating found for Independent Bank
Company Overview Independent Bank
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. Read Less
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 saving...Read More
Frequently Asked Questions About Independent Bank (INDB) Stock
Based on ratings from 2 analysts Independent Bank's stock is Hold . Stock Target Advisor's fundamental analysis is Slightly Bearish. The stock has buy, sell and 2 hold ratings.
INDB stock's dividend yield is 4.50%.
Our analysis grades INDB stock's dividend yield at D-. This means that INDB stock's dividend yield is above 60% of the stocks in the Banks - Regional sector in the NSD exchange.
Based on this INDB may be a average dividend stock for its sector.
Based on targets from 2 analysts, the average taret price for INDB is USD 64.00 over the next 12 months. The maximum analyst target price is USD 64 while the minimum anlayst target price is USD 64.
INDB stock's Price/Earning ratio is 9.36.
Our analysis grades INDB stock's Price / Earning ratio at F. This means that INDB stock's Price/Earning ratio is above 44.99999999999999% of the stocks in the Banks - Regional sector in the NSD exchange.
Based on this INDB may be fairly valued for its sector
The last closing price of INDB's stock was USD 50.56.
The most recent market capitalization for INDB is USD 2.15B.
Based on targets from 2 analysts, the average taret price for INDB is projected at USD 64.00 over the next 12 months.
This means that INDB's stock price may go up by +26.58% over the next 12 months.
We can't find any ETFs which contains Independent Bank's stock.
As per our most recent records Independent Bank has 1,787 Employees.
Independent Bank's registered address is 288 Union Street, Rockland, MA, United States, 02370.
You can get more information about it from Independent Bank's website at https://www.rocklandtrust.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
What not to like
Below median dividend returns
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
Below median total returns
The company has under performed its peers on annual average total returns in the past 5 years.
Poor risk adjusted returns
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.
Poor return on equity
The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.
Low Dividend Growth
This stock has shown below median dividend growth in the previous 5 years compared to its sector.
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
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