Independent Stock Analysis

INDB -  USA Stock  

USD 80.33  0.68  0.84%

The current bullish price patterns experienced by current Independent shareholders may raise some interest from investors. The stock closed today at a share price of 80.33 on 122,164 in trading volume. The company executives have been very successful in rebalancing the firm assets at opportune times to take advantage of market volatility in September. The stock standard deviation of daily returns for 90 days investing horizon is currently 1.65. The below-average Stock volatility is a good sign for longer-term investment options and for buy-and-hold investors.
Please see Risk vs Return Analysis.

Independent Stock Analysis 

 
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The Independent stock analysis report makes it easy to digest most publicly released information about Independent and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Independent Stock analysis module also helps to analyze the Independent price relationship with some important fundamental indicators such as market cap and management efficiency.

Independent Stock Analysis Notes

About 83.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 1.54. Some equities with similar Price to Book (P/B) outperform the market in the long run. Independent Bk Corp next dividend is scheduled to be issued on the 25th of June 2021. The entity had 3:2 split on the 1st of October 1987. 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 was founded in 1907 and is headquartered in Rockland, Massachusetts. Independent operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 1432 people. To learn more about Independent Bk Corp call Christopher Oddleifson at 781 878-6100 or check out www.RocklandTrust.com.

Independent Bk Corp Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Independent's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Independent Bk Corp or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.

Independent Bk Corp Upcoming and Recent Events

Earnings reports are used by Independent to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Independent previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report21st of October 2021
Next Earnings Report20th of January 2022
Next Fiscal Quarter End30th of September 2021
Next Fiscal Year End20th of January 2022
Last Quarter Report30th of June 2021
Last Earning Announcement30th of September 2020

Independent Largest EPS Surprises

Earnings surprises can significantly impact Independent's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
1997-07-10
1997-06-300.210.240.0314 
2010-10-21
2010-09-300.480.530.0510 
2010-01-21
2009-12-310.480.43-0.0510 
View All Earnings Estimates

Independent SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Independent prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Independent investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Independent Bk Corp specific information freely available to individual and institutional investors to make a timely investment decision.
16th of September 2021
Financial Statements and Exhibits. Other Events
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19th of August 2021
Financial Statements and Exhibits. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
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6th of August 2021
Financial Statements and Exhibits. Other Events. Submission of Matters to a Vote of Security Holders
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27th of July 2021
Other Events
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22nd of July 2021
Financial Statements and Exhibits. Results of Operations and Financial Condition
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17th of June 2021
Financial Statements and Exhibits. Other Events
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24th of May 2021
Financial Statements and Exhibits. Submission of Matters to a Vote of Security Holders
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5th of May 2021
Financial Statements and Exhibits. Regulation FD Disclosure
View

Independent Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Independent is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Independent Bk Corp backward and forwards among themselves. Independent's institutional investor refers to the entity that pools money to purchase Independent's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Hennessy Advisors IncCommon Shares57.5 K4.4 M
State Of Alaska Department Of RevenueCommon Shares24.1 K1.8 M
Aries Wealth ManagementCommon Shares22.7 K1.7 M
Louisiana State Employees Retirement SystemCommon Shares15.9 K1.2 M
New England Research Management IncCommon Shares14.7 K1.1 M
Envestnet Asset Management IncCommon Shares8.6 K651 K
Truehand IncCommon Shares100076 K
Note, although Independent's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Independent Market Capitalization

The company currently falls under 'Mid-Cap' category with current market capitalization of 2.65 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Independent's market, we take the total number of its shares issued and multiply it by Independent's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Independent Profitablity

Independent's profitability indicators refer to fundamental financial ratios that showcase Independent's ability to generate income relative to its revenue or operating costs. If, let's say, Independent is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Independent's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Independent's profitability requires more research than a typical breakdown of Independent's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 29.92 %, which can signify that it executes well on its competitive strategies and has good control over its expenditures. This is very large. Similarly, it shows Operating Margin (OM) of 41.97 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.42.
Last ReportedProjected for 2021
Return on Average Assets 0.009  0.0106 
Return on Average Equity 0.07  0.09 
Return on Invested Capital 0.013  0.0151 
Return on Sales 0.36  0.38 

Management Efficiency

The entity has return on total asset (ROA) of 1.06 % which means that it generated profit of $1.06 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of 8.02 %, meaning that it created $8.02 on every $100 dollars invested by stockholders. Independent management efficiency ratios could be used to measure how well independent bk corp manages its routine affairs as well as how well it operates its assets and liabilities. The current year Return on Average Assets is expected to grow to 0.0106. The current year Return on Average Equity is expected to grow to 0.09. Independent Revenue to Assets are projected to slightly decrease based on the last few years of reporting. The past year's Revenue to Assets were at 0.038838. The current year Asset Turnover is expected to grow to 0.0348, whereas Total Assets are forecasted to decline to about 11.4 B.
Last ReportedProjected for 2021
Book Value per Share 51.19  45.82 
Enterprise Value over EBIT 9.00  10.78 
Enterprise Value over EBITDA 7.97  9.53 
Price to Book Value 1.41  1.67 
Tangible Assets Book Value per Share 381.09  362.52 
Enterprise Value1.4 B1.6 B
Tangible Asset Value12.7 B11 B

Technical Drivers

As of the 19th of October, Independent retains the Market Risk Adjusted Performance of 0.1655, downside deviation of 1.58, and Risk Adjusted Performance of 0.104. Independent technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to break down nineteen technical drivers for Independent Bk Corp, which can be compared to its competitors. Please check out Independent Bk Corp information ratio, value at risk, and the relationship between the standard deviation and treynor ratio to decide if Independent is priced fairly, providing market reflects its last-minute price of 80.33 per share. Given that Independent Bk Corp has jensen alpha of 0.1767, we strongly advise you to confirm Independent Bk Corp's regular market performance to make sure the company can sustain itself at a future point.

Independent Bk Corp Price Movement Analysis

The output start index for this execution was six with a total number of output elements of fifty-five. The Exponential Moving Average is calculated by weighting recent values of Independent Bk Corp more heavily than older values. View also all equity analysis or get more info about exponential moving average overlap studies indicator.

Independent Bk Corp Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Independent insiders, such as employees or executives, is commonly permitted as long as it does not rely on Independent's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Independent insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Independent Predictive Daily Indicators

Independent intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Independent stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Independent Forecast Models

Independent time-series forecasting models is one of many Independent's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Independent's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Independent Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Independent stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Independent shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Independent. By using and applying Independent Stock analysis, traders can create a robust methodology for identifying Independent entry and exit points for their positions.
Last ReportedProjected for 2021
EBITDA Margin 0.42  0.44 
Gross Margin 0.90  0.89 
Profit Margin 0.28  0.30 
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 was founded in 1907 and is headquartered in Rockland, Massachusetts. Independent operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 1432 people.

Current Independent Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Independent analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Independent analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
80.67Strong Buy3Odds
Independent Bk Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Independent analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Independent stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Independent Bk Corp, talking to its executives and customers, or listening to Independent conference calls.
Independent Analyst Advice Details

Independent Stock Analysis Indicators

Independent Bk Corp stock analysis indicators help investors evaluate how Independent stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Independent shares will generate the highest return on investment. By understating and applying Independent stock analysis, traders can identify Independent position entry and exit signals to maximize returns.
Trailing Annual Dividend Rate1.86
Fifty Two Week Low50.80
Revenue Growth31.30%
Payout Ratio45.15%
Shares Short Prior Month1.11M
Average Daily Volume Last 10 Day144.82k
Average Daily Volume In Three Month162.54k
Earnings Growth61.50%
Shares Percent Shares Out3.99%
Earnings Quarterly Growth55.90%
Short Percent Of Float5.39%
Forward Price Earnings16.67
Float Shares32.56M
Fifty Two Week High99.85
Fifty Day Average75.43
Two Hundred Day Average77.16
Enterprise Value To Revenue1.66
Trailing Annual Dividend Yield2.33%
Please see Risk vs Return Analysis. Note that the Independent Bk Corp information on this page should be used as a complementary analysis to other Independent's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Bond Directory module to find actively traded corporate debentures issued by US companies.

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When running Independent Bk Corp price analysis, check to measure Independent's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independent is operating at the current time. Most of Independent's value examination focuses on studying past and present price action to predict the probability of Independent's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Independent's price. Additionally, you may evaluate how the addition of Independent to your portfolios can decrease your overall portfolio volatility.
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The market value of Independent Bk Corp is measured differently than its book value, which is the value of Independent that is recorded on the company's balance sheet. Investors also form their own opinion of Independent's value that differs from its market value or its book value, called intrinsic value, which is Independent's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Independent's market value can be influenced by many factors that don't directly affect Independent Bk Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Independent's value and its price as these two are different measures arrived at by different means. Investors typically determine Independent value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independent's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.