Independent Stock Today

INDB -  USA Stock  

USD 81.30  1.54  1.93%

Market Performance
0 of 100
Odds Of Distress
Less than 1
Independent is trading at 81.30 as of the 24th of May 2022, a 1.93 percent increase since the beginning of the trading day. The stock's open price was 79.76. Independent has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Independent Bk Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of April 2022 and ending today, the 24th of May 2022. Click here to learn more.
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. The company has 47.35 M outstanding shares of which 881.77 K shares are currently shorted by private and institutional investors with about 4.03 trading days to cover. More on Independent Bk Corp
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Independent Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Independent's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Independent or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Independent Bk Corp generated a negative expected return over the last 90 days
Independent Bk Corp is unlikely to experience financial distress in the next 2 years
Over 87.0% of the company shares are owned by institutional investors
Latest headline from www.defenseworld.net: California Resources Co. Receives 57.80 Consensus Target Price from Brokerages - Defense World
Independent Fama & French Banking
Banking
Fama & French Classification
Independent Bk Corp SEC Filings
Independent SEC Filings Security & Exchange Commission EDGAR Reports
CEOChristopher Oddleifson  (View All)
Average Analyst Recommendation
Analysts covering Independent report their recommendations after researching Independent's financial statements, talking to executives and customers, or listening in on Independent's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Independent Bk Corp. The Independent consensus assessment is calculated by taking the average forecast from all of the analysts covering Independent.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Independent Bk Corp based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Independent Bk Corp financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
 5 - HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares34.1 M34.9 M
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares Diluted34.1 M34.9 M
Fairly Down
Increasing
Slightly volatile
Net Cash Flow from Operations166.4 M190.2 M
Fairly Down
Increasing
Slightly volatile
Total Assets22 B20.4 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities13.8 B17.4 B
Significantly Down
Increasing
Slightly volatile
Total Debt228.8 M152.4 M
Way Up
Decreasing
Slightly volatile
Return on Average Assets0.01010.008
Significantly Up
Increasing
Slightly volatile
Gross Margin0.890.9
Fairly Down
Decreasing
Slightly volatile
Asset Turnover0.03340.031
Significantly Up
Decreasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Independent's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Independent Bk Corp (INDB) is traded on NASDAQ Exchange in USA. It is located in 288 Union Street and employs 1,691 people. Independent is listed under Banking category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with current market capitalization of 3.74 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 Bk Corp conducts business under Financial Services sector and is part of Banks—Regional industry. The entity has 47.35 M outstanding shares of which 881.77 K shares are currently shorted by private and institutional investors with about 4.03 trading days to cover. Independent Bk Corp currently holds about 1.84 B in cash with 210.61 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 38.85.
Check Independent Probability Of Bankruptcy
Ownership
Independent secures a total of 47.35 Million outstanding shares. The majority of Independent Bk Corp outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Independent to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Independent Bk Corp. Please pay attention to any change in the institutional holdings of Independent Bk Corp as this could imply that something significant has changed or about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

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Independent Stock Price Odds Analysis

What are Independent's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Independent jumping above the current price in 90 days from now is about 43.43%. The Independent Bk Corp probability density function shows the probability of Independent stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Independent has a beta of 0.8893. This usually indicates Independent Bk Corp market returns are sensitive to returns on the market. As the market goes up or down, Independent is expected to follow. Additionally, the company has an alpha of 0.0512, implying that it can generate a 0.0512 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 81.3HorizonTargetOdds Above 81.3
56.26%90 days
 81.30 
43.43%
Based on a normal probability distribution, the odds of Independent to move above the current price in 90 days from now is about 43.43 (This Independent Bk Corp probability density function shows the probability of Independent Stock to fall within a particular range of prices over 90 days) .

Independent Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Independent that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Independent's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Independent's value.
InstituionSecurity TypeTotal SharesValue
Blackrock IncCommon SharesM572.5 M
Vanguard Group IncCommon Shares5.4 M442.9 M
View Independent Diagnostics

Independent Historical Income Statement

Independent Bk Corp Income Statement is one of the three primary financial statements used for reporting Independent's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Independent Bk Corp revenue and expense. Independent Income Statement primarily focuses on the company's revenues and expenses during a particular period.
The current year Income Tax Expense is expected to grow to about 36.5 M, whereas Consolidated Income is forecasted to decline to about 114 M. View More Fundamentals

Independent Stock Against Markets

Picking the right benchmark for Independent stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Independent stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Independent is critical whether you are bullish or bearish towards Independent Bk Corp at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Independent without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Independent Corporate Directors

Independent corporate directors refer to members of an Independent board of directors. The board of directors generally takes responsibility for the Independent's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Independent's board members must vote for the resolution. The Independent board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Mary Lentz - Independent DirectorProfile
Thomas Venables - Independent DirectorProfile
John Morrissey - Independent DirectorProfile
John Spurr - Independent DirectorProfile

Investing Independent Bk Corp

You need to understand the risk of investing before taking a position in Independent. The danger of trading Independent Bk Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Independent is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Independent. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Independent Bk Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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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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Is Independent's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Independent. If investors know Independent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Independent listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
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's underlying business (such as a 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.