Independent Bank stock page - price, fundamentals, dividends - iOCharts

Ticker
INDB

Price
81.52
Stock movement up
+2.09 (2.63%)
Company name
Independent Bank
Exchange
(NASDAQ
,
Currency
USD
)
Sector
Financial Services >
Banks-Regional
Market cap
3.81B
Ent value
19.17B
Price/Sales
6.95
Price/Book
1.29
Div yield
2.50%
Div growth
10.60%
Growth years
10
FCF payout
47.53%
Trailing P/E
28.81
Forward P/E
14.15
PEG
11.52
EPS growth
15.00%
1 year return
7.97%
3 year return
2.63%
5 year return
3.92%
10 year return
11.40%
Last updated: 2022-07-01

DIVIDENDS

Dividend yield - 5y

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Dividend yield data
Dividend per share2.04
Dividend yield2.50%
Payout frequencyQuarterly
Maximum yield3.67%
Average yield2.32%
Minimum yield1.65%
Discount to avg yield7.14%
Upside potential7.69%
Yield as % of max yield68.17%

Yield distribution (inverse percentile) - 5y

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Yield distribution data
Dividend yield2.50%
Current yield distribution28.41%
Yield at 100% (Min)1.65%
Yield at 90%1.83%
Yield at 80%1.97%
Yield at 50% (Median)2.35%
Yield at 20%2.60%
Yield at 10%2.77%
Yield at 0% (Max)3.67%

Dividend per share

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Dividend per share data
Years of growth10 years
CCC statusDividend Contender
Dividend per share2.04
Payout frequencyQuarterly
Ex-div date24 Jun 2022
EPS (TTM)2.79
EPS (1y forward)5.76
EPS growth (5y)15.00%
EPS growth (5y forward)2.50%

Dividend growth

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Dividend growth data
INDBS&P500
DGR MR6.25%15.44%
DGR TTM5.32%7.80%
DGR 3 years8.10%3.88%
DGR 5 years10.60%4.73%
DGR 10 years9.71%8.30%
DGR 15 years7.60%5.82%
Time since last change announced109 days
EPS growth (5y)15.00%
EPS growth (5y forward)2.50%

Payout ratio

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Payout ratio data
EPS coverageFCF coverage
TTM35.94%47.53%
Average--
Forward35.42%-

VALUATION

Valuation Ratios

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Valuation Ratios data
Trailing P/E28.81
Price to OCF31.07
Price to FCF38.10
Price to EBITDA27.78
EV to EBITDA139.61

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales6.95
Price to Book1.29
EV to Sales34.92

FINANCIALS

Per share

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Per share data
Current share count46.78M
EPS (TTM)2.79
FCF per share (TTM)2.11

Income statement

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Income statement data
Revenue (TTM)548.94M
Gross profit (TTM)249.87M
Operating income (TTM)104.15M
Net income (TTM)132.38M
EPS (TTM)2.79
EPS (1y forward)5.76

Margins

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Margins data
Gross margin (TTM)45.52%
Operating margin (TTM)18.97%
Profit margin (TTM)24.12%

Balance Sheet

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Balance Sheet data
Cash1.84B
Net receivables5.31M
Total current assets173.78M
Goodwill985.07M
Intangible assets30.76M
Property, plant and equipment0.00
Total assets20.16B
Accounts payable16.76B
Short/Current long term debt138.33M
Total current liabilities16.76B
Total liabilities17.19B
Shareholder's equity2.97B
Net tangible assets1.95B

Cash flow

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Cash flow data
Operating cash flow (TTM)122.76M
Capital expenditures (TTM)22.68M
Free cash flow (TTM)100.08M
Dividends paid (TTM)47.57M

Financial returns

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Financial returns data
Return on Equity4.46%
Return on Assets0.66%
Return on Invested Capital4.27%
Cash Return on Invested Capital3.22%

STOCK INFORMATION

Stock chart

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Stock price data
Open78.94
Daily high81.67
Daily low78.94
Daily Volume198K
All-time high98.62
1y analyst estimate98.67
Beta0.86
EPS (TTM)2.79
Dividend per share2.04
Ex-div date24 Jun 2022
Next earnings date26 Jul 2022

Downside potential

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Downside potential data
INDBS&P500
Current price drop from All-time high-17.34%-20.19%
Highest price drop-88.89%-56.47%
Date of highest drop25 Jul 19919 Mar 2009
Avg drop from high-22.98%-11.36%
Avg time to new high40 days12 days
Max time to new high1649 days1805 days
COMPANY DETAILS
INDB (Independent Bank) company logo
Marketcap
3.81B
Marketcap category
Mid-cap
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.
Employees
1691
Investor relations
SEC filings
CEO
Country
USA
City
Stock type
Common stock
CCC status
Dividend Contender
Dividend Frequency
Quarterly
EVENTS AND PRESENTATIONS
EventsPresentations
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UNDERSTAND THE BUSINESS
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COMPANY NEWS
All newsPress releases
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Independent...
June 21, 2022
ROCKLAND, Mass., June 16, 2022--The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.51 per share dividend. The ...
June 16, 2022
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Furthermore...
May 3, 2022
Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 0% and 0.36%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
April 21, 2022
ROCKLAND, Mass., April 21, 2022--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2022 first quarter net income of $53.1 million, or $1.12 ...
April 21, 2022
ROCKLAND, Mass., April 11, 2022--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss first quarter results ...
April 11, 2022
J.D. Power's annual customer satisfaction survey showed high marks for Rockland Trust but continued below-average ratings for Bank of America.
April 11, 2022
Every investor in Independent Bank Corp. ( NASDAQ:INDB ) should be aware of the most powerful shareholder groups...
March 18, 2022
ROCKLAND, Mass., March 17, 2022--The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.51 per share dividend. The...
March 17, 2022
Independent Bank's (INDB) organic and inorganic growth efforts, along with solid balance sheet and liquidity positions, make it worth betting on.
February 16, 2022
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