Independent Bank Corp INDB
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
News
Trading Information
- Previous Close Price
- $59.08
- Day Range
- $58.03–59.92
- 52-Week Range
- $44.63–68.75
- Bid/Ask
- $23.31 / $62.01
- Market Cap
- $2.48 Bil
- Volume/Avg
- 257,857 / 270,639
Key Statistics
- Price/Earnings (Normalized)
- 11.71
- Price/Sales
- 3.66
- Dividend Yield (Trailing)
- 3.83%
- Dividend Yield (Forward)
- 3.90%
- Total Yield
- 3.83%
Company Profile
Independent Bank Corp is a bank holding company and the sole shareholder of its bank, the Rockland Trust Company. Rockland is a community-oriented commercial bank. The bank provides a variety of banking, investment and financial services, operating with various retail branches, as well as a network of commercial and residential lending centers, and investment management offices majorly in Eastern Massachusetts, Worcester County, and Rhode Island. The bank's loan portfolio constitutes the bulk of the bank's total assets. Its borrowers consist mostly of small to medium-size businesses and consumers, majority of which are made to its market area in eastern Massachusetts and Rhode Island. The bank's loan portfolio is predominantly in commercial loans.
- Sector
- Financial Services
- Industry
- Banks - Regional
- Stock Style Box
- Small Value
- Total Number of Employees
- 1,787
- Website
- https://www.rocklandtrust.com
Comparables
Valuation
|
Metric
|
INDB
|
HONE
|
TRST
|
|---|---|---|---|
Price/Earnings (Normalized) | 11.71 | 19.50 | 12.56 |
Price/Book Value | 0.85 | 0.91 | 0.94 |
Price/Sales | 3.66 | 3.25 | 3.54 |
Price/Cash Flow | 9.80 | 42.27 | 9.60 |
Price/Earnings
INDB
HONE
TRST
Financial Strength
|
Metric
|
INDB
|
HONE
|
TRST
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
Quick Ratio
No chart available
Profitability
|
Metric
|
INDB
|
HONE
|
TRST
|
|---|---|---|---|
Return on Assets (Normalized) | 1.13% | 0.50% | 0.81% |
Return on Equity (Normalized) | 7.61% | 4.67% | 7.72% |
Return on Invested Capital (Normalized) | — | — | — |
Return on Assets
INDB
HONE
TRST
Banks - Regional Industry Comparables
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| BNP Paribas ADR
BNPQY
| Vmbxcvh | Wts | $79.9 Bil | |||
| Intesa Sanpaolo ADR
ISNPY
| Gtsmfmgpc | Hkg | $77.2 Bil | |||
| PNC Financial Services Group Inc
PNC
| Qmtrgsbyd | Njvkz | $72.8 Bil | |||
| U.S. Bancorp
USB
| Nrkdprzk | Bpjk | $71.0 Bil | |||
| Itau Unibanco Holding SA ADR
ITUB
| Jqrhghkq | Jgwlm | $61.8 Bil | |||
| Truist Financial Corp
TFC
| Jnvwzpwky | Wlhvyzc | $56.9 Bil | |||
| Mizuho Financial Group Inc ADR
MFG
| Qthwqpsc | Rtqv | $49.2 Bil | |||
| Lloyds Banking Group PLC ADR
LYG
| Xmxqmtlk | Wmkdmf | $49.0 Bil | |||
| NatWest Group PLC ADR
NWG
| Ddqzqdnwt | Bfx | $38.5 Bil | |||
| Deutsche Bank AG
DB
| Qsr | Xhjmg | $33.9 Bil |
United States