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Independent Bank Corp. (INDB)

Stock Price: $52.34 USD 0.40 (0.77%)
Updated Oct 21, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 1.72B
Revenue (ttm) 460.73M
Net Income (ttm) 150.98M
Shares Out 32.95M
EPS (ttm) 4.44
PE Ratio 11.79
Forward PE 25.19
Dividend $1.84
Dividend Yield 3.52%

Stock Quote

Trading Day Oct 21, 2020
Last Price $52.34
Previous Close $51.94
Change ($) 0.40
Change (%) 0.77%
Day's Open 52.09
Day's Range 51.60 - 52.72
Day's Volume 237,314
52-Week Range 49.25 - 87.11

More Stats

Market Cap 1.72B
Enterprise Value 914.63M
Earnings Date (est) Oct 22, 2020
Ex-Dividend Date Sep 25, 2020
Shares Outstanding 32.95M
Float 32.50M
EPS (basic) 4.43
EPS (diluted) 4.44
FCF / Share 6.28
Dividend $1.84
Dividend Yield 3.52%
Earnings Yield 8.48%
FCF Yield 12.00%
Payout Ratio 40.60%
Shares Short 732,759
Short Ratio 3.99
Short % of Float 2.25%
Beta 0.95
PE Ratio 11.79
Forward PE 25.19
P/FCF Ratio 8.33
PS Ratio 3.74
PB Ratio 1.03
Revenue 460.73M
Operating Income 194.11M
Net Income 150.98M
Free Cash Flow 207.01M
Net Cash 810.02M
Net Cash / Share 24.58
Gross Margin 108.79%
Operating Margin 42.13%
Profit Margin 32.80%
FCF Margin 44.93%
ROA 1.23%
ROE 9.13%
ROIC 1.70%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (4)

Buy 1
Overweight 0
Hold 3
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$71.75*
(37.08% upside)
Low
58.0
Current: $52.34
High
85.0
Target: 71.75
*Average 12-month price target from 4 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue502382339304289256240217208192
Revenue Growth31.56%12.69%11.41%5.14%13.2%6.32%10.9%4.06%8.37%-
Gross Profit502382339304289256240217208192
Operating Income22015613511393.5283.7766.7457.3163.3452.47
Net Income16512287.2076.6564.9659.8550.2542.6345.4440.24
Shares Outstanding32.8127.5927.2926.4025.8923.9023.0121.7821.4221.18
Earnings Per Share5.034.403.192.902.502.492.181.952.121.90
EPS Growth14.32%37.93%10%16%0.4%14.22%11.79%-8.02%11.58%-
Dividend Per Share1.761.521.281.161.040.960.880.840.760.72
Dividend Growth15.79%18.75%10.34%11.54%8.33%9.09%4.76%10.53%5.56%-
Operating Cash Flow21714213192.9089.5490.3114143.9556.4746.65
Capital Expenditures-12.79-8.92-18.77-10.05-9.26-6.46-9.26-8.46-7.82-6.99
Free Cash Flow20413311282.8580.2983.8513235.4948.6539.67
Cash & Equivalents151250213289276178216215238161
Total Debt303259324335344407448591538565
Net Cash / Debt-152-8.25-111-46.38-68.17-228-232-376-300-404
Assets11,3958,8528,0827,7097,2096,3656,0995,7574,9704,696
Liabilities9,6877,7787,1386,8456,4385,7245,5085,2284,5014,259
Book Value1,7081,073944865771641592529469436
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Independent Bank Corp.
Country United States
Employees 1,348
CEO Christopher Oddleifson

Stock Information

Ticker Symbol INDB
Stock Exchange NASDAQ
Sector Financial Services
Industry Banks—Regional
Unique Identifier NASDAQ: INDB

Description

Independent Bank 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. Its products and services include demand deposits and time certificates of deposit, as well as checking, money market, and savings accounts. The company's loan portfolio includes commercial loans, such as commercial and industrial, asset-based, commercial real estate, commercial construction, and small business loans; consumer real estate loans, including residential mortgages, home equity loans, and loans for the construction of residential properties; and other consumer loans, such as personal loans. Its commercial and industrial loans cover loans for working capital, other business-related purposes, and floor plan financing; asset-based loans consist primarily of revolving lines of credit and term loans; commercial real estate loans include commercial mortgages for construction purposes that are secured by nonresidential properties, multifamily properties, or one-to-four family rental properties; and small business loans comprise businesses with commercial credit needs. The company also provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as automated teller machine cards and debit cards; and mutual fund shares, unit investment trust shares, general securities, fixed and variable annuities, and life insurance. It operates through 95 full service and 2 limited service retail branches, 15 commercial banking centers, 9 investment management offices, and 7 mortgage lending centers in Eastern Massachusetts, Greater Boston, the South Shore, and the Cape and Islands, as well as in Worcester County and Rhode Island. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.