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Independent Bank Corp. (INDB)
50.56  1.11 (2.24%)    04-19 16:00
Open: 47.84
High: 50.77
Volume: 419,383
  
Pre. Close: 49.45
Low: 47.84
Market Cap: 2,142(M)
Technical analysis
2024-04-19 5:10:15 PM
Short term     
Mid term     
Targets 6-month :  61.57 1-year :  71.92
Resists First :  52.72 Second :  61.57
Pivot price 49.25
Supports First :  49.06 Second :  46.79
MAs MA(5) :  49.14 MA(20) :  49.81
MA(100) :  56.13 MA(250) :  53.11
MACD MACD :  -0.7 Signal :  -0.9
%K %D K(14,3) :  46.4 D(3) :  36.8
RSI RSI(14): 52.7
52-week High :  68.75 Low :  43.27
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BEARISH in mid-long term.
[ INDB ] has closed below upper band by 12.9%. Bollinger Bands are 48.9% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 0 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 50.83 - 51.03 51.03 - 51.22
Low: 47.34 - 47.57 47.57 - 47.8
Close: 50.18 - 50.54 50.54 - 50.9
Company Description

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. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company 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 of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.

Headline News

Fri, 19 Apr 2024
Independent Bank (NASDAQ:INDB) Shares Gap Down to $49.45 - MarketBeat

Fri, 19 Apr 2024
Independent Bank Corp. (INDB) Q1 2024 Earnings Call Transcript - Seeking Alpha

Thu, 18 Apr 2024
Independent Bank Corp.: Q1 Earnings Snapshot - Houston Chronicle

Thu, 18 Apr 2024
Independent Bank Corp. (INDB) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates - Yahoo Canada Finance

Thu, 18 Apr 2024
Independent Bank Corp. (INDB) Lags Q1 Earnings and Revenue Estimates - Yahoo Finance Australia

Thu, 18 Apr 2024
Independent Bank Corp (INDB) Posts Q1 Earnings: Misses Analyst Estimates - GuruFocus.com

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Neutral
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Neutral
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Financial Services
Industry:
Banks - Regional
Shares Out 42 (M)
Shares Float 42 (M)
Held by Insiders 1.1 (%)
Held by Institutions 85.4 (%)
Shares Short 721 (K)
Shares Short P.Month 812 (K)
Stock Financials
EPS 5.42
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 67.52
Profit Margin 33.8 %
Operating Margin 44.6 %
Return on Assets (ttm) 1.2 %
Return on Equity (ttm) 8.2 %
Qtrly Rev. Growth -10.9 %
Gross Profit (p.s.) 0
Sales Per Share 16.66
EBITDA (p.s.) 0
Qtrly Earnings Growth -25.5 %
Operating Cash Flow 277 (M)
Levered Free Cash Flow 0 (M)
Stock Valuations
PE Ratio 9.32
PEG Ratio 4.1
Price to Book value 0.74
Price to Sales 3.03
Price to Cash Flow 7.74
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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