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Independent Bank Corp (Massachusetts)

INDB

71.130USD

-1.710-2.35%

Close 09/19, 16:00（ET）Quotes delayed by 15 min

3.03BMarket Cap

16.08P/E TTM



Independent Bank Corp (Massachusetts)

71.130

-1.710-2.35%

Overview Company Financials Analysis

TradingKey Stock Score

Overall Financial Health

Valuation Dimensions

Earnings Forecast

Price Momentum

Institutional Confidence

Risk Assessment

Peer Comparison

TradingKey Stock Score

Currency: USD Updated: 2025-09-19

Key Insights

The company's fundamentals are relatively very healthy. Its valuation is considered overvalued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite a weak stock market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.

Score

Industry at a Glance

Industry Ranking

26 / 400

Overall Ranking

121 / 4720

Industry

Banking Services

Support & Resistance

No Data

Score Analysis

Current score

Previous score

Analyst Rating

Based on 4 analysts

Buy

Current Rating

79.500

Target Price

+9.14%

Upside Space

Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.

Company Highlights

StrengthsRisks

Independent Bank Corp. is a bank holding company of Rockland Trust Company (the Bank). The Bank provides a range of banking, investment and financial services, operating with over 120 retail branches, as well as a network of commercial and residential lending centers, and investment management offices primarily in Eastern Massachusetts, Worcester County, and Rhode Island. 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 of 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, as well as other consumer loans.

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 0.99, at a high 3-year percentile range.

Institutional Selling

The latest institutional holdings are 39.13M shares, decreasing 0.10% quarter-over-quarter.

Held by The Vanguard

Star Investor The Vanguard holds 5.16M shares of this stock.

Lower Market Activity

The company has less investor interest, with a 20-day turnover ratio of 0.02.

Financial Health

Currency: USD Updated: 2025-09-19

The company's current financial score is 8.84, which is higher than the Banking Services industry's average of 7.06. Its financial status is robust, and its operating efficiency is high. Its latest quarterly revenue reached 169.37M, representing a year-over-year increase of 6.26%, while its net profit experienced a year-over-year increase of 0.45%.

Score

Industry at a Glance

Previous score

8.84

Change



Financials

8.08

Key Metrics

Cash and cash equivalents

Total assets

Total liabilities

Free cash flow

No Data



Quality of Earnings

10.00

Key Metrics

Total revenue

Operating profit

Total assets

SG&A

No Data



Operational Efficiency

10.00

Key Metrics

Cash flow from operating activities

Income after tax

No Data



Growth Potential

7.12

Key Metrics

Cash flow from operating activities

Total revenue

No Data



Shareholder Returns

9.00

Key Metrics

Free cash flow

No Data

Company Valuation

Currency: USD Updated: 2025-09-19

The company’s current valuation score is 1.80, which is higher than the Banking Services industry's average of 1.34. Its current P/E ratio is 16.44, which is -8.92% below the recent high of 14.97 and 15.13% above the recent low of 13.95.

Score

Industry at a Glance

Previous score

1.80

Change

Valuation Dimensions

P/E

P/B

P/S

P/CF

Industry Ranking 26/400

No Data

Earnings Forecast

Currency: USD Updated: 2025-09-19

The company’s current earnings forecast score is 7.50, which is higher than the Banking Services industry's average of 7.39. The average price target for Independent Bank Corp (Massachusetts) is 80.00, with a high of 84.00 and a low of 74.00.

Score

Industry at a Glance

Previous score

7.50

Change

Support & Resistance

No Data

Analyst Rating

Based on 4 analysts

Buy

Current Rating

79.500

Target Price

+9.14%

Upside Space

Strong Buy

Buy

Hold

Sell

Strong Sell

Peer Comparison

306

Total

Median

Average

Company name

Ratings

Analysts

Independent Bank Corp (Massachusetts)

INDB

JPMorgan Chase & Co

JPM

Bank of America Corp

BAC

Wells Fargo & Co

WFC

US Bancorp

USB

Regions Financial Corp

...

Financial Forecasting

EPS

Revenue

Net Profit

EBIT

No Data

Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.

Price Momentum

Currency: USD Updated: 2025-09-19

The company’s current price momentum score is 9.15, which is higher than the Banking Services industry's average of 8.43. Sideways: Currently, the stock price is trading between the resistance level at 75.15 and the support level at 68.50, making it suitable for range-bound swing trading.

Score

Industry at a Glance

Previous score

9.15

Change

-0.54

Support & Resistance

No Data

Indicators



The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.

This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.

Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.

Indicators

Sell(2)

Neutral(3)

Buy(2)

Indicators

Value

Direction

MACD(12,26,9)

-0.215

Neutral

RSI(14)

55.375

Neutral

STOCH(KDJ)(9,3,3)

65.928

Neutral

ATR(14)

2.166

High Vlolatility

CCI(14)

104.323

Buy

Williams %R

40.399

Buy

TRIX(12,20)

0.217

Sell

StochRSI(14)

26.380

Sell

Moving Average

Sell(0)

Neutral(0)

Buy(6)

Indicators

Value

Direction

MA5

71.034

Buy

MA10

70.670

Buy

MA20

70.968

Buy

MA50

67.893

Buy

MA100

65.490

Buy

MA200

65.080

Buy

Institutional Confidence

Currency: USD Updated: 2025-09-19

The company’s current institutional recognition score is 7.00, which is higher than the Banking Services industry's average of 6.22. The latest institutional shareholding proportion is 78.43%, representing a quarter-over-quarter decrease of 13.60%. The largest institutional shareholder is The Vanguard, holding a total of 5.16M shares, representing 10.34% of shares outstanding, with 12.22% decrease in holdings.

Score

Industry at a Glance

Previous score

7.00

Change

Institutional Shareholding

No Data

Shareholder Activity

Name

Shares Held

Chg %

BlackRock Institutional Trust Company, N.A.

5.78M

-1.29%

The Vanguard Group, Inc.

Star Investors

5.12M

+2.31%

Dimensional Fund Advisors, L.P.

2.34M

+0.89%

State Street Global Advisors (US)

2.33M

-9.44%

AllianceBernstein L.P.

1.08M

+910.37%

Macquarie Investment Management

986.18K

+2.56%

Geode Capital Management, L.L.C.

1.04M

+2.90%

DePrince, Race & Zollo, Inc.

1.05M

+10.49%

Victory Capital Management Inc.

887.27K

-1.64%

Verition Fund Management LLC

671.93K

+31.58%

Risk Assessment

Currency: USD Updated: 2025-09-19

The company’s current risk assessment score is 5.37, which is higher than the Banking Services industry's average of 5.23. The company's beta value is 0.87. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets.