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Independent Bank Corp (Massachusetts)

INDB
View Detailed Chart
86.010USD
+0.840+0.99%
Close 02/06, 16:00ETQuotes delayed by 15 min
4.24BMarket Cap
19.36P/E TTM

Independent Bank Corp (Massachusetts)

86.010
+0.840+0.99%
Intraday
1m
30m
1h
D
W
M
D

Today

+0.99%

5 Days

+6.47%

1 Month

+14.50%

6 Months

+35.26%

Year to Date

+17.69%

1 Year

+22.36%

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Key Insights

Independent Bank Corp (Massachusetts)'s fundamentals are relatively healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 72 out of 397 in the Banking Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 90.00.In the medium term, the stock price is expected to trend up.The company has been performing well in the stock market over the past month, which is supported by its strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.

Independent Bank Corp (Massachusetts)'s Score

Industry at a Glance

Industry Ranking
72 / 397
Overall Ranking
123 / 4521
Industry
Banking Services

Support & Resistance

Relevant data have not been disclosed by the company yet.

Score Analysis

Current score
Previous score

Media Coverage

Last 24 hours
Coverage Level

Very Low
Very High
Neutral

Independent Bank Corp (Massachusetts) Highlights

StrengthsRisks
Independent Bank Corp. is the holding company of Rockland Trust Company (the Bank). With retail branches in Eastern Massachusetts, Worcester County, and Southern New Hampshire, as well as commercial banking and investment management offices in Massachusetts, New Hampshire, and Rhode Island, the Bank offers a wide range of banking, investment, and insurance services to individuals, families, and businesses. The Bank also offers a full suite of mobile, online, and telephone banking services. The Bank's commercial, consumer real estate, and other consumer loan portfolios consist of loans made to residents and businesses located in the Bank's market area. Its commercial loans consist of commercial real estate loans, commercial construction loans, commercial and industrial loans, and small business loans. The Bank's consumer portfolio consists of real estate loans comprised of residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 18.25% year-on-year.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 50.42%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 50.42%.
Overvalued
The company’s latest PB is 1.19, at a high 3-year percentile range.
Institutional Buying
The latest institutional holdings are 43.34M shares, increasing 1.87% quarter-over-quarter.
Held by CI Select Canadian Equity Fund
Star Investor CI Select Canadian Equity Fund holds 26.00 shares of this stock.
Lower Market Activity
The company has less investor interest, with a 20-day turnover ratio of 0.02.

Analyst Rating

Based on 5 analysts
Buy
Current Rating
90.000
Target Price
+5.67%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.

Independent Bank Corp (Massachusetts) News

More news coming soon, stay tuned...

Financial Indicators

EPS

Relevant data have not been disclosed by the company yet.

Total revenue

Relevant data have not been disclosed by the company yet.

Independent Bank Corp (Massachusetts) Info

Independent Bank Corp. is the holding company of Rockland Trust Company (the Bank). With retail branches in Eastern Massachusetts, Worcester County, and Southern New Hampshire, as well as commercial banking and investment management offices in Massachusetts, New Hampshire, and Rhode Island, the Bank offers a wide range of banking, investment, and insurance services to individuals, families, and businesses. The Bank also offers a full suite of mobile, online, and telephone banking services. The Bank's commercial, consumer real estate, and other consumer loan portfolios consist of loans made to residents and businesses located in the Bank's market area. Its commercial loans consist of commercial real estate loans, commercial construction loans, commercial and industrial loans, and small business loans. The Bank's consumer portfolio consists of real estate loans comprised of residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties.
Ticker SymbolINDB
CompanyIndependent Bank Corp (Massachusetts)
CEOTengel (Jeffrey)
Websitehttps://indb.rocklandtrust.com/corporate-profile/default.aspx
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