INDB - Independent Bank Corp-Rockland MA Stock Price, Fair Value and News

51.96USD+0.16 (+0.31%)Market Closed

Market Summary

USD51.96+0.16

Market Closed

0.31%

INDB Stock Price

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INDB RSI Chart

INDB Valuation

Market Cap

2.2B

Price/Earnings (Trailing)

9.76

Price/Sales (Trailing)

2.7

EV/EBITDA

3.28

Price/Free Cashflow

8.47

INDB Price/Sales (Trailing)

INDB Profitability

EBT Margin

36.27%

Return on Equity

7.84%

Return on Assets

1.17%

Free Cashflow Yield

11.81%

INDB Fundamentals

INDB Revenue

Revenue (TTM)

816.8M

Rev. Growth (Yr)

11.29%

Rev. Growth (Qtr)

0.42%

INDB Earnings

Earnings (TTM)

226.0M

Earnings Growth (Yr)

-22%

Earnings Growth (Qtr)

-12.83%

Breaking Down INDB Revenue

Last 7 days

0.9%

Last 30 days

6.8%

Last 90 days

1.6%

Trailing 12 Months

13.8%

How does INDB drawdown profile look like?

INDB Financial Health

Debt/Equity

0.36

Debt/Cashflow

0.27

INDB Investor Care

Dividend Yield

4.23%

Dividend/Share (TTM)

2.2

Buy Backs (1Y)

3.76%

Diluted EPS (TTM)

5.18

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	816.8M	0	0	0
2023	689.2M	739.7M	772.7M	795.7M
2022	456.3M	507.7M	584.6M	642.8M
2021	394.3M	391.1M	386.2M	415.3M
2020	462.9M	440.7M	419.0M	402.1M
2019	341.5M	384.5M	421.2M	447.0M
2018	286.5M	297.6M	308.7M	323.7M
2017	251.3M	258.3M	267.7M	277.2M
2016	238.9M	241.0M	243.1M	246.6M
2015	219.9M	224.6M	230.5M	235.5M
2014	208.1M	210.9M	214.2M	216.5M
2013	199.2M	202.3M	204.8M	205.9M
2012	194.6M	193.5M	193.2M	196.2M
2011	200.8M	199.0M	197.3M	195.8M
2010	0	202.7M	202.7M	202.7M
2009	0	0	0	202.7M

Get all data in R, Python etc through our Historical Stock Data APIs

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

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Tracking the Latest Insider Buys and Sells of Independent Bank Corp-Rockland MA

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 14, 2024	nadeau gerard f	sold (taxes)	-27,735	49.44	-561	president
Mar 14, 2024	ruggiero mark j	acquired	-	-	1,040	cfo & evp consumer lending
Mar 14, 2024	nadeau gerard f	acquired	-	-	2,080	president
Mar 14, 2024	harris maria s	acquired	-	-	880	chief human resources officer
Mar 14, 2024	harris maria s	sold (taxes)	-11,717	49.44	-237	chief human resources officer
Mar 01, 2024	ruggiero mark j	bought	25,542	51.0859	500	cfo & evp consumer lending
Feb 29, 2024	abelli donna l	sold	-42,264	52.83	-800	-
Feb 27, 2024	nadeau gerard f	sold (taxes)	-5,062	52.195	-97.00	president
Feb 27, 2024	ruggiero mark j	sold (taxes)	-2,087	52.195	-40.00	cfo & evp consumer lending
Feb 27, 2024	rizzo james t.	sold (taxes)	-2,505	52.195	-48.00	chief commercial banking off.

Which funds bought or sold INDB recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 10, 2024	VANGUARD GROUP INC	reduced	-1.00	-75,445,900	271,569,000	-%
May 10, 2024	BOSTON FINANCIAL MANGEMENT LLC	reduced	-2.13	-122,209	417,565	0.01%
May 10, 2024	PNC Financial Services Group, Inc.	reduced	-32.23	-377,998	436,137	-%
May 10, 2024	LPL Financial LLC	added	26.51	-38.00	966,513	-%
May 10, 2024	PRINCIPAL SECURITIES, INC.	reduced	-53.85	-1,087	624	-%
May 10, 2024	CIBC Private Wealth Group, LLC	reduced	-6.72	-77,032	198,120	-%
May 10, 2024	OSAIC HOLDINGS, INC.	reduced	-21.25	-125,211	206,422	-%
May 10, 2024	Edgestream Partners, L.P.	added	461	2,127,670	2,745,820	0.14%
May 10, 2024	WELLS FARGO & COMPANY/MN	added	2.97	-275,347	1,204,860	-%
May 10, 2024	Covestor Ltd	reduced	-90.32	-101,000	8,000	-%

Are Funds Buying or Selling INDB?

Are funds buying INDB calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own INDB

No. of Funds

Unveiling Independent Bank Corp-Rockland MA's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	12.02%	5,272,986	SC 13G/A
Jan 24, 2024	state street corp	5.09%	2,230,305	SC 13G
Jan 23, 2024	blackrock inc.	14.3%	6,276,602	SC 13G/A
Feb 09, 2023	vanguard group inc	12.42%	5,668,380	SC 13G/A
Jan 26, 2023	blackrock inc.	14.8%	6,734,091	SC 13G/A
Jan 20, 2023	blackrock inc.	14.8%	6,734,091	SC 13G/A
Feb 10, 2022	vanguard group inc	11.00%	5,206,390	SC 13G/A
Jan 27, 2022	blackrock inc.	14.8%	7,001,106	SC 13G/A
Jan 25, 2022	blackrock inc.	14.8%	7,001,106	SC 13G/A
Feb 10, 2021	vanguard group inc	10.12%	3,335,570	SC 13G/A

Recent SEC filings of Independent Bank Corp-Rockland MA

View All Filings

Date Filed	Form Type	Document
May 08, 2024	10-Q	Quarterly Report
Apr 18, 2024	8-K	Current Report
Apr 03, 2024	DEFA14A	DEFA14A
Mar 28, 2024	DEF 14A	DEF 14A
Mar 21, 2024	8-K	Current Report
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 04, 2024	4	Insider Trading
Feb 29, 2024	4	Insider Trading

Peers (Alternatives to Independent Bank Corp-Rockland MA)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	570.5B	174.7B	8.69%	48.16%	11.33	3.27	53.11%	19.83%
BAC	299.1B	137.9B	6.85%	41.16%	11.95	2.17	56.12%	-12.56%
WFC	213.6B	85.8B	8.52%	63.46%	11.38	2.49	35.02%	26.14%
C	120.9B	125.0B	6.23%	39.49%	15.13	0.97	37.85%	-
CFG	16.4B	10.4B	8.48%	44.96%	11.43	1.57	26.22%	-33.87%
KEY	14.0B	8.1B	1.78%	65.41%	16.04	1.72	32.15%	-50.93%
MID-CAP
CMA	7.1B	4.2B	3.79%	66.34%	10.15	1.66	34.68%	-45.96%
ZION	6.5B	4.1B	8.06%	95.94%	10.32	1.59	32.93%	-30.73%
ABCB	3.4B	1.3B	9.68%	70.56%	12.1	2.6	30.60%	-12.99%
ASB	3.3B	2.0B	8.96%	50.51%	20.76	1.64	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	406.0M	152.4M	2.65%	46.43%	40.84	2.66	16.94%	-73.84%
AROW	395.4M	173.1M	7.98%	20.88%	13.55	2.28	26.54%	-34.86%
ACNB	294.5M	98.7M	5.64%	21.02%	10.01	2.98	6.27%	-22.90%
ASRV	46.0M	62.5M	12.13%	-6.62%	-15.54	0.74	18.83%	-145.18%

Independent Bank Corp-Rockland MA News

Latest updates

Independent Bank Corp-Rockland MA Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	0.4%	208	207	203	199	187	184	170	148	141	126	93.00	97.00	100	97.00	98.00	100	107	114	120	122	92.00
EBITDA Margin	-6.6%	1.12*	1.20*	1.31*	1.40*	1.50*	1.56*	1.46*	1.45*	1.43*	1.42*	1.56*	1.52*	-	-	-	-	-	-	-	-	-
Interest Expenses	-5.3%	137	145	150	153	159	168	163	145	137	123	90.00	93.00	96.00	91.00	91.00	91.00	94.00	100	105	106	83.00
Income Taxes	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11.00	11.00	8.00	2.00	14.00	17.00	10.00	12.00
Earnings Before Taxes	-11.9%	62.00	71.00	80.00	83.00	81.00	100	95.00	82.00	70.00	-1.12	54.00	50.00	54.00	45.00	46.00	33.00	29.00	62.00	69.00	41.00	47.00
EBT Margin	-8.4%	0.36*	0.40*	0.45*	0.49*	0.52*	0.54*	0.42*	0.40*	0.38*	0.38*	0.53*	0.50*	-	-	-	-	-	-	-	-	-
Net Income	-12.8%	48.00	55.00	61.00	63.00	61.00	77.00	72.00	62.00	53.00	2.00	40.00	38.00	42.00	35.00	35.00	25.00	27.00	47.00	52.00	31.00	35.00
Net Income Margin	-8.1%	0.28*	0.30*	0.34*	0.37*	0.39*	0.41*	0.32*	0.31*	0.29*	0.29*	0.40*	0.38*	-	-	-	-	-	-	-	-	-
Free Cashflow	-1.1%	47.00	47.00	78.00	88.00	47.00	111	132	89.00	67.00	24.00	30.00	46.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.1%	19,325	19,347	19,368	19,401	19,442	19,294	19,703	19,982	20,159	20,423	14,533	14,194	13,774	13,204	13,174	13,023	11,980	11,395	11,539	11,603	8,997
Cash Equivalents	-1.3%	221	224	220	308	503	353	936	1,476	1,840	2,241	2,008	-	-	1,297	-	-	-	151	-	-	-
Net PPE	-0.3%	193	193	192	194	196	197	198	202	199	196	124	117	116	116	122	122	122	124	125	123	99.00
Goodwill	0%	985	985	985	985	985	985	985	985	985	985	506	506	506	506	506	506	506	506	505	505	250
Liabilities	-0.1%	16,440	16,452	16,483	16,546	16,611	16,407	16,886	17,111	17,194	17,405	12,777	12,453	12,059	11,502	11,484	11,351	10,301	9,687	9,856	9,967	7,893
Short Term Borrowings	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50.00
Long Term Debt	-15.8%	1,025	1,218	1,000	901	992	113	113	138	138	152	157	172	176	181	296	296	546	303	75.00	75.00	75.00
Shareholder's Equity	-0.4%	2,884	2,895	2,885	2,855	2,831	2,887	2,817	2,871	2,965	3,018	1,756	1,742	1,715	1,703	1,690	1,672	1,680	1,708	1,682	1,636	1,105
Retained Earnings	2.2%	1,101	1,077	1,046	1,010	971	934	883	834	796	767	788	764	742	716	697	677	667	654	622	585	570
Additional Paid-In Capital	-1.6%	1,902	1,932	1,999	1,998	1,995	2,115	2,113	2,146	2,248	2,249	949	948	946	946	944	943	963	1,035	1,034	1,030	528
Shares Outstanding	-1.0%	42.00	43.00	44.00	44.00	44.00	46.00	46.00	47.00	47.00	35.00	33.00	33.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,946	-	-	-	3,622	-	-	-	2,465	-	-	-	2,184	-	2,575	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-4.4%	51,145	53,505	81,259	90,764	51,466	115,341	133,421	96,910	75,528	33,425	39,042	50,289	67,464	53,813	24,185	-2,959	-10,403	79,286	152,096	-49,028	34,168
Share Based Compensation	-21.5%	1,300	1,656	1,128	1,921	1,672	981	1,017	1,632	834	842	707	1,610	1,150	826	868	1,579	850	990	981	1,517	915
Cashflow From Investing	-17.4%	15,915	19,272	-56,287	-146,077	-28,558	-215,993	-290,285	-210,565	-283,631	578,723	-530,742	63,376	-174,493	-37,849	18,109	-376,333	-92,138	34,102	72,289	-19,498	-66,733
Cashflow From Financing	-2.2%	-70,074	-68,575	-113,108	-138,967	126,703	-482,711	-383,107	-250,437	-192,222	-379,295	243,101	373,426	579,732	12,635	120,023	1,013,635	422,944	-181,686	-199,127	-29,734	74,384
Dividend Payments	-2.9%	23,580	24,278	24,274	24,351	25,103	23,274	23,570	24,162	22,728	15,861	15,859	15,852	15,164	15,159	15,154	15,401	15,126	15,122	15,101	12,380	10,671
Buy Backs	-54.6%	31,297	68,959	-	-	119,951	-	34,648	103,396	1,902	-	-	-	-	-	-	21,865	73,226	-	-	-	-

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INDB Income Statement

2024-03-31

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income
Interest and fees on loans	$ 193,226	$ 170,926
Interest Income, Securities, Operating, Taxable	14,231	15,309
Nontaxable interest and dividends on securities	1	1
Interest on loans held for sale	104	34
Interest on federal funds sold and short-term investments	483	665
Total interest and dividend income	208,045	186,935
Interest expense
Interest on deposits	54,320	22,675
Interest on borrowings	16,286	5,262
Total interest expense	70,606	27,937
Net interest income	137,439	158,998
Provision for credit losses	5,000	7,250
Net interest income after provision for credit losses	132,439	151,748
Noninterest income
Deposit account fees	6,228	5,916
Interchange and ATM fees	4,452	4,184
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions	9,941	9,779
Mortgage banking income	796	308
Bank Owned Life Insurance Income	1,928	1,854
Gain Realized on Life Insurance Policies	(263)	(11)
Loan level derivative income	80	408
Other noninterest income	6,255	5,782
Total noninterest income	29,943	28,242
Noninterest expenses
Salaries and employee benefits	57,174	56,975
Occupancy and equipment expenses	13,467	12,822
Data processing & facilities management	2,483	2,527
Professional Fees	1,428	2,077
Software Maintenance	4,094	2,949
Debit card expense	2,478	2,171
Amortization of Intangible Assets	1,563	1,815
FDIC assessment	2,982	2,610
Other noninterest expenses	14,218	14,715
Total noninterest expenses	99,887	98,661
Income before income taxes	62,495	81,329
Current Federal, State and Local, Tax Expense (Benefit)	14,725	20,082
Net income	$ 47,770	$ 61,247
Basic earnings per share (in dollars per share)	$ 1.12	$ 1.36
Diluted earnings per share (in dollars per share)	$ 1.12	$ 1.36
Weighted average common shares (basic) (in shares)	42,553,714	45,004,100
Common shares equivalents (in shares)	12,876	19,564
Weighted average common shares (diluted) (in shares)	42,566,590	45,023,664
Retained Earnings [Member]
Noninterest expenses
Net income	$ 47,770	$ 61,247
Cash dividends declared per common share (in dollars per share)	$ 0.57	$ 0.55

INDB Balance Sheet

2024-03-31

Consolidated Balance Sheets (Unaudited) - USD ($)

Mar. 31, 2024

Dec. 31, 2023

Assets

Cash and due from banks

$ 165,331,000

$ 178,861,000

Interest-earning deposits with banks

55,985,000

45,469,000

Securities

Trading

4,759,000

4,987,000

Equity

22,858,000

22,510,000

Debt Securities, Available-for-Sale, Excluding Accrued Interest

1,272,831,000

1,334,256,000

Held to maturity (fair value $1,383,621 and $1,417,608)

1,545,267,000

1,569,107,000

Total securities

2,845,715,000

2,930,860,000

Loans held for sale (at fair value)

11,340,000

6,368,000

Loans

Total loans

14,330,594,000

^[1]

14,278,070,000

Less: allowance for credit losses

(146,948,000)

^[2]

(142,222,000)

Net loans

14,183,646,000

14,135,848,000

Federal Home Loan Bank stock

46,304,000

43,557,000

Bank premises and equipment, net

192,563,000

193,049,000

Goodwill

985,072,000

Other intangible assets

16,626,000

18,190,000

Cash surrender value of life insurance policies

298,352,000

297,387,000

Other assets

523,679,000

512,712,000

Total assets

19,324,613,000

19,347,373,000

Deposits

Noninterest-bearing demand deposits

4,469,820,000

4,567,083,000

Savings and interest checking accounts

5,196,195,000

5,298,913,000

Money market

2,944,221,000

2,818,072,000

Time certificates of deposit

2,432,985,000

2,181,479,000

Total deposits

15,043,221,000

14,865,547,000

Borrowings

Federal Home Loan Bank borrowings

962,535,000

1,105,541,000

Junior Subordinated Notes

62,858,000

Subordinated Debt

49,980,000

Total borrowings

1,025,393,000

1,218,379,000

Other liabilities

371,791,000

368,196,000

Total liabilities

16,440,405,000

16,452,122,000

Commitments and contingencies

Stockholders' equity

Preferred stock, $0.01 par value, authorized: 1,000,000 shares, outstanding: none

Common stock, $0.01 par value, authorized: 75,000,000 shares, issued and outstanding: 42,452,457 shares at March 31, 2024 and 42,873,187 shares at December 31, 2023 (includes 215,412 and 162,812 shares of unvested participating restricted stock awards, respectively)

422,000

427,000

Value of shares held in rabbi trust at cost: 82,042 shares at March 31, 2024 and 80,222 shares at December 31, 2023

(3,403,000)

(3,298,000)

Deferred compensation and other retirement benefit obligations

3,403,000

3,298,000

Additional paid in capital

1,902,063,000

1,932,163,000

Retained earnings

1,101,061,000

1,077,488,000

Accumulated other comprehensive loss, net of tax

(119,338,000)

(114,827,000)

Total stockholders’ equity

2,884,208,000

2,895,251,000

Total liabilities and stockholders' equity

19,324,613,000

19,347,373,000

Commercial And Industrial [Member]

Loans

Total loans

1,580,041,000

^[1]

1,579,986,000

Less: allowance for credit losses

(20,489,000)

^[2]

(19,243,000)

Commercial Real Estate [Member]

Loans

Total loans

8,108,836,000

^[1]

8,041,508,000

Less: allowance for credit losses

(77,929,000)

^[2]

(74,148,000)

Construction Loans [Member]

Loans

Total loans

828,900,000

^[1]

849,586,000

Less: allowance for credit losses

(7,573,000)

^[2]

(7,683,000)

Small Business [Member]

Loans

Total loans

261,690,000

^[1]

251,956,000

Less: allowance for credit losses

(4,028,000)

^[2]

(3,963,000)

Residential Real Estate [Member]

Loans

Total loans

2,420,705,000

^[1]

2,424,754,000

Less: allowance for credit losses

(24,180,000)

^[2]

(23,637,000)

Home Equity Loan [Member]

Loans

Total loans

^[1]

1,100,586,000

Less: allowance for credit losses

(12,042,000)

^[2]

(12,797,000)

Consumer Portfolio Segment [Member]

Loans

Total loans

29,836,000

32,654,000

Less: allowance for credit losses

(707,000)

^[2]

(751,000)

Senior Lien [Member] | Home Equity Loan [Member]

Loans

Total loans

507,356,000

518,706,000

Junior Lien [Member] | Home Equity Loan [Member]

Loans

Total loans

$ 593,230,000

$ 578,920,000

[1]	Loan origination dates in the tables above reflect the original origination date, or the date of a material modification of a previously originated loan.
[2]	Balances of accrued interest receivable excluded from amortized cost and the calculation of allowance for credit losses amounted to $59.3 million and $52.7 million as of March 31, 2024 and March 31, 2023, respectively.

About Independent Bank Corp-Rockland MA

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. It accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company also offers commercial and industrial, commercial real estate and construction, small business, and consumer real estate. In addition, it 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 well as advisory platforms. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.

CEO	Mr. Jeffrey J. Tengel
WEBSITE	rocklandtrust.com
INDUSTRY	Banks Diversified
EMPLOYEES	1739

Independent Bank Corp-Rockland MA Frequently Asked Questions

What is the ticker symbol for Independent Bank Corp-Rockland MA? What does INDB stand for in stocks?

INDB is the stock ticker symbol of Independent Bank Corp-Rockland MA. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Independent Bank Corp-Rockland MA (INDB)?

As of Mon May 13 2024, market cap of Independent Bank Corp-Rockland MA is 2.21 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of INDB stock?

You can check INDB's fair value in chart for subscribers.

What is the fair value of INDB stock?

You can check INDB's fair value in chart for subscribers. The fair value of Independent Bank Corp-Rockland MA is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Independent Bank Corp-Rockland MA is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for INDB so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Independent Bank Corp-Rockland MA a good stock to buy?

The fair value guage provides a quick view whether INDB is over valued or under valued. Whether Independent Bank Corp-Rockland MA is cheap or expensive depends on the assumptions which impact Independent Bank Corp-Rockland MA's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for INDB.

What is Independent Bank Corp-Rockland MA's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon May 13 2024, INDB's PE ratio (Price to Earnings) is 9.76 and Price to Sales (PS) ratio is 2.7. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. INDB PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Independent Bank Corp-Rockland MA's stock?

In the past 10 years, Independent Bank Corp-Rockland MA has provided 0.06 (multiply by 100 for percentage) rate of return.