Independent Bank Corp (Massachusetts)
NASDAQ:INDB
Intrinsic Value
Independent Bank Corp. operates as a bank holding company. [ Read More ]
The intrinsic value of one
INDB
stock under the Base Case scenario is
74.52
USD.
Compared to the current market price of 52.35 USD,
Independent Bank Corp (Massachusetts)
is
Undervalued by 30%.
INDB stock price (52.35 USD) is 30% less than its Intrinsic Value (74.52 USD).
INDB stock price (52.35 USD) is 30% less than its Relative Value (74.65 USD). Open Relative Valuation
INDB has upside potential of 19% compared to the average analyst price target.
Open Wall St Estimates
INDB's ROE (Return on Equity) has decreased in the last 3 years from 8% to 8%.
INDB's ROE (Return on Equity) for the past 12 months is positive and is equal to 8%.
INDB's Revenue has been growing by 14% per year for the last 3 years.
INDB has positive three-year average ROE (Return on Equity): 8%. The company is efficient at transforming stockholders' equity into net income.
INDB's Revenue has dropped by 5% over the past 12 months.
INDB has positive Net Income for the last twelve months.
INDB's D/E (Debt to Equity) is very low and is equal to 0.02.
Valuation Backtest
Independent Bank Corp (Massachusetts)
Run backtest to discover the historical profit from buying and selling
INDB
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Independent Bank Corp (Massachusetts)
Balance Sheet Decomposition
Independent Bank Corp (Massachusetts)
| Net Loans | 14.2B |
| Investments | 3B |
| PP&E | 192.6m |
| Intangibles | 1B |
| Other Assets | 937.8m |
| Total Deposits | 15B |
| Long Term Debt | 62.9m |
| Other Liabilities | 1.3B |
Wall St
Price Targets
INDB Price Targets Summary
Independent Bank Corp (Massachusetts)
According to Wall Street analysts, the average 1-year price target for
INDB
is 62.22 USD
with a low forecast of 58.58 USD and a high forecast of 67.2 USD.
Ownership
INDB Insider Trading
Buy and sell transactions by insiders
| Period | Sold | Bought | Net |
|---|---|---|---|
| 3 Months |
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| 6 Months |
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| 9 Months |
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| 12 Months |
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Shareholder Return
INDB Price
Independent Bank Corp (Massachusetts)
| Average Annual Return | 3.54% |
| Standard Deviation of Annual Returns | 11.51% |
| Max Drawdown | -53% |
| Market Capitalization | 2.2B USD |
| Shares Outstanding | 42 450 000 |
| Percentage of Shares Shorted | 2.36% |
Company Profile
Independent Bank Corp (Massachusetts)
Country
Industry
Market Cap
Dividend Yield
Description
Independent Bank Corp. operates as a bank holding company. The company is headquartered in Rockland, Massachusetts and currently employs 1,691 full-time employees. The Bank is a community-oriented commercial bank. Its community banking business provides a range of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management. The Bank classifies loans as commercial, consumer real estate, or other consumer. The Bank offers a range of demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts with no minimum balance and no monthly fees. The Bank operates approximately 120 full-service retail branches, two limited service retail branches, one mobile branch, 19 commercial banking centers, 10 investment management offices and nine mortgage lending centers located in Eastern Massachusetts, Greater Boston, the North Shore, the South Shore, the Cape and Islands, as well as in Worcester County and in Rhode Island.
Contact
IPO
Employees
Officers
The intrinsic value of one
INDB
stock under the Base Case scenario is
74.52
USD.
Compared to the current market price of 52.35 USD,
Independent Bank Corp (Massachusetts)
is
Undervalued by 30%.
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