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INDB Quote, Financials, Valuation and Earnings

Last price:
$64.23
Seasonality move :
3.7%
Day range:
$63.84 - $65.29
52-week range:
$45.11 - $77.23
Dividend yield:
3.56%
P/E ratio:
13.94x
P/S ratio:
4.01x
P/B ratio:
0.92x
Volume:
128.3K
Avg. volume:
254.7K
1-year change:
-2.46%
Market cap:
$2.7B
Revenue:
$722.1M
EPS (TTM):
$4.60

Price Performance History

Performance vs. Valuation Benchmarks

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Competitors

Company Revenue Forecast Earnings Forecast Revenue Growth Forecast Earnings Growth Forecast Analyst Price Target Median
INDB
Independent Bank
$175.7M $1.16 0.48% -7.74% $59.50
CZFS
Citizens Financial Services
$22.2M $1.53 -- -13.21% $52.48
EBTC
Enterprise Bancorp
-- -- -- -- --
FRME
First Merchants
$167.7M $0.90 7.17% 26.53% $45.17
MBWM
Mercantile Bank
$57.4M $1.14 0.75% -8.64% $53.00
NFBK
Northfield Bancorp
$29.1M $0.18 -10.71% -5.26% $14.08
Company Price Analyst Target Market Cap P/E Ratio Dividend per Share Dividend Yield Price / LTM Sales
INDB
Independent Bank
$64.11 $59.50 $2.7B 13.94x $0.57 3.56% 4.01x
CZFS
Citizens Financial Services
$63.31 $52.48 $301.3M 10.99x $0.49 3.09% 3.01x
EBTC
Enterprise Bancorp
$39.54 -- $491.5M 13.63x $0.24 2.4% 2.90x
FRME
First Merchants
$39.89 $45.17 $2.3B 13.17x $0.35 3.49% 3.75x
MBWM
Mercantile Bank
$44.68 $53.00 $721.2M 8.97x $0.36 3.13% 3.13x
NFBK
Northfield Bancorp
$11.60 $14.08 $497.7M 18.13x $0.13 4.48% 3.84x
Company Total Debt / Total Capital Beta Debt to Equity Quick Ratio
INDB
Independent Bank
18.22% 0.528 26.41% --
CZFS
Citizens Financial Services
43.69% 1.866 82.87% 84.80x
EBTC
Enterprise Bancorp
24.54% 0.520 30.13% 1.79x
FRME
First Merchants
28.69% 1.160 42.35% 12.08x
MBWM
Mercantile Bank
48.82% 1.390 78.85% 4.67x
NFBK
Northfield Bancorp
60.07% 1.678 211.43% 53.36x
Company Gross Profit Operating Income Return on Invested Capital Return on Common Equity EBIT Margin Free Cash Flow
INDB
Independent Bank
-- -- 5.14% 6.76% 74.51% $64.4M
CZFS
Citizens Financial Services
-- -- 4.72% 9.71% 106.13% $5.6M
EBTC
Enterprise Bancorp
-- -- 8.22% 10.75% 80.61% $12.3M
FRME
First Merchants
-- -- 5.83% 8.1% 106.63% $76.8M
MBWM
Mercantile Bank
-- -- 7.16% 14.94% 102.96% -$13.7M
NFBK
Northfield Bancorp
-- -- 1.58% 3.87% 125.68% $13.7M

Independent Bank vs. Competitors

  • Which has Higher Returns INDB or CZFS?

    Citizens Financial Services has a net margin of 24.59% compared to Independent Bank's net margin of 30.05%. Independent Bank's return on equity of 6.76% beat Citizens Financial Services's return on equity of 9.71%.

    Company Gross Margin Earnings Per Share Invested Capital
    INDB
    Independent Bank
    -- $1.01 $3.6B
    CZFS
    Citizens Financial Services
    -- $1.59 $530.4M
  • What do Analysts Say About INDB or CZFS?

    Independent Bank has a consensus price target of $59.50, signalling upside risk potential of 21.28%. On the other hand Citizens Financial Services has an analysts' consensus of $52.48 which suggests that it could fall by -5.23%. Given that Independent Bank has higher upside potential than Citizens Financial Services, analysts believe Independent Bank is more attractive than Citizens Financial Services.

    Company Buy Ratings Hold Ratings Sell Ratings
    INDB
    Independent Bank
    0 4 0
    CZFS
    Citizens Financial Services
    1 0 0
  • Is INDB or CZFS More Risky?

    Independent Bank has a beta of 0.759, which suggesting that the stock is 24.077% less volatile than S&P 500. In comparison Citizens Financial Services has a beta of 0.554, suggesting its less volatile than the S&P 500 by 44.619%.

  • Which is a Better Dividend Stock INDB or CZFS?

    Independent Bank has a quarterly dividend of $0.57 per share corresponding to a yield of 3.56%. Citizens Financial Services offers a yield of 3.09% to investors and pays a quarterly dividend of $0.49 per share. Independent Bank pays 40.92% of its earnings as a dividend. Citizens Financial Services pays out 47.74% of its earnings as a dividend. Both of these payout ratios are sufficient to cover dividend payouts with earnings for the foreseeable future.

  • Which has Better Financial Ratios INDB or CZFS?

    Independent Bank quarterly revenues are $174.6M, which are larger than Citizens Financial Services quarterly revenues of $25.1M. Independent Bank's net income of $42.9M is higher than Citizens Financial Services's net income of $7.5M. Notably, Independent Bank's price-to-earnings ratio is 13.94x while Citizens Financial Services's PE ratio is 10.99x. Generally a lower price-to-earnings ratio signals a stock is trading at a lower multiple of earnings and is a better value. Another key metric is the price-to-sales ratio, which for Independent Bank is 4.01x versus 3.01x for Citizens Financial Services. Usually stocks with elevated PS ratios are considered overvalued.

    Company Price/Sales Ratio Price/Earnings Ratio Quarterly Revenue Quarterly Net Income
    INDB
    Independent Bank
    4.01x 13.94x $174.6M $42.9M
    CZFS
    Citizens Financial Services
    3.01x 10.99x $25.1M $7.5M
  • Which has Higher Returns INDB or EBTC?

    Enterprise Bancorp has a net margin of 24.59% compared to Independent Bank's net margin of 22.62%. Independent Bank's return on equity of 6.76% beat Enterprise Bancorp's return on equity of 10.75%.

    Company Gross Margin Earnings Per Share Invested Capital
    INDB
    Independent Bank
    -- $1.01 $3.6B
    EBTC
    Enterprise Bancorp
    -- $0.80 $487.8M
  • What do Analysts Say About INDB or EBTC?

    Independent Bank has a consensus price target of $59.50, signalling upside risk potential of 21.28%. On the other hand Enterprise Bancorp has an analysts' consensus of -- which suggests that it could fall by --. Given that Independent Bank has higher upside potential than Enterprise Bancorp, analysts believe Independent Bank is more attractive than Enterprise Bancorp.

    Company Buy Ratings Hold Ratings Sell Ratings
    INDB
    Independent Bank
    0 4 0
    EBTC
    Enterprise Bancorp
    0 0 0
  • Is INDB or EBTC More Risky?

    Independent Bank has a beta of 0.759, which suggesting that the stock is 24.077% less volatile than S&P 500. In comparison Enterprise Bancorp has a beta of 0.537, suggesting its less volatile than the S&P 500 by 46.276%.

  • Which is a Better Dividend Stock INDB or EBTC?

    Independent Bank has a quarterly dividend of $0.57 per share corresponding to a yield of 3.56%. Enterprise Bancorp offers a yield of 2.4% to investors and pays a quarterly dividend of $0.24 per share. Independent Bank pays 40.92% of its earnings as a dividend. Enterprise Bancorp pays out 25.58% of its earnings as a dividend. Both of these payout ratios are sufficient to cover dividend payouts with earnings for the foreseeable future.

  • Which has Better Financial Ratios INDB or EBTC?

    Independent Bank quarterly revenues are $174.6M, which are larger than Enterprise Bancorp quarterly revenues of $44.2M. Independent Bank's net income of $42.9M is higher than Enterprise Bancorp's net income of $10M. Notably, Independent Bank's price-to-earnings ratio is 13.94x while Enterprise Bancorp's PE ratio is 13.63x. Generally a lower price-to-earnings ratio signals a stock is trading at a lower multiple of earnings and is a better value. Another key metric is the price-to-sales ratio, which for Independent Bank is 4.01x versus 2.90x for Enterprise Bancorp. Usually stocks with elevated PS ratios are considered overvalued.

    Company Price/Sales Ratio Price/Earnings Ratio Quarterly Revenue Quarterly Net Income
    INDB
    Independent Bank
    4.01x 13.94x $174.6M $42.9M
    EBTC
    Enterprise Bancorp
    2.90x 13.63x $44.2M $10M
  • Which has Higher Returns INDB or FRME?

    First Merchants has a net margin of 24.59% compared to Independent Bank's net margin of 31.54%. Independent Bank's return on equity of 6.76% beat First Merchants's return on equity of 8.1%.

    Company Gross Margin Earnings Per Share Invested Capital
    INDB
    Independent Bank
    -- $1.01 $3.6B
    FRME
    First Merchants
    -- $0.84 $3.2B
  • What do Analysts Say About INDB or FRME?

    Independent Bank has a consensus price target of $59.50, signalling upside risk potential of 21.28%. On the other hand First Merchants has an analysts' consensus of $45.17 which suggests that it could grow by 13.23%. Given that Independent Bank has higher upside potential than First Merchants, analysts believe Independent Bank is more attractive than First Merchants.

    Company Buy Ratings Hold Ratings Sell Ratings
    INDB
    Independent Bank
    0 4 0
    FRME
    First Merchants
    1 2 0
  • Is INDB or FRME More Risky?

    Independent Bank has a beta of 0.759, which suggesting that the stock is 24.077% less volatile than S&P 500. In comparison First Merchants has a beta of 1.064, suggesting its more volatile than the S&P 500 by 6.449%.

  • Which is a Better Dividend Stock INDB or FRME?

    Independent Bank has a quarterly dividend of $0.57 per share corresponding to a yield of 3.56%. First Merchants offers a yield of 3.49% to investors and pays a quarterly dividend of $0.35 per share. Independent Bank pays 40.92% of its earnings as a dividend. First Merchants pays out 36.61% of its earnings as a dividend. Both of these payout ratios are sufficient to cover dividend payouts with earnings for the foreseeable future.

  • Which has Better Financial Ratios INDB or FRME?

    Independent Bank quarterly revenues are $174.6M, which are larger than First Merchants quarterly revenues of $156M. Independent Bank's net income of $42.9M is lower than First Merchants's net income of $49.2M. Notably, Independent Bank's price-to-earnings ratio is 13.94x while First Merchants's PE ratio is 13.17x. Generally a lower price-to-earnings ratio signals a stock is trading at a lower multiple of earnings and is a better value. Another key metric is the price-to-sales ratio, which for Independent Bank is 4.01x versus 3.75x for First Merchants. Usually stocks with elevated PS ratios are considered overvalued.

    Company Price/Sales Ratio Price/Earnings Ratio Quarterly Revenue Quarterly Net Income
    INDB
    Independent Bank
    4.01x 13.94x $174.6M $42.9M
    FRME
    First Merchants
    3.75x 13.17x $156M $49.2M
  • Which has Higher Returns INDB or MBWM?

    Mercantile Bank has a net margin of 24.59% compared to Independent Bank's net margin of 33.85%. Independent Bank's return on equity of 6.76% beat Mercantile Bank's return on equity of 14.94%.

    Company Gross Margin Earnings Per Share Invested Capital
    INDB
    Independent Bank
    -- $1.01 $3.6B
    MBWM
    Mercantile Bank
    -- $1.22 $1.1B
  • What do Analysts Say About INDB or MBWM?

    Independent Bank has a consensus price target of $59.50, signalling upside risk potential of 21.28%. On the other hand Mercantile Bank has an analysts' consensus of $53.00 which suggests that it could grow by 18.62%. Given that Independent Bank has higher upside potential than Mercantile Bank, analysts believe Independent Bank is more attractive than Mercantile Bank.

    Company Buy Ratings Hold Ratings Sell Ratings
    INDB
    Independent Bank
    0 4 0
    MBWM
    Mercantile Bank
    0 4 0
  • Is INDB or MBWM More Risky?

    Independent Bank has a beta of 0.759, which suggesting that the stock is 24.077% less volatile than S&P 500. In comparison Mercantile Bank has a beta of 0.993, suggesting its less volatile than the S&P 500 by 0.684%.

  • Which is a Better Dividend Stock INDB or MBWM?

    Independent Bank has a quarterly dividend of $0.57 per share corresponding to a yield of 3.56%. Mercantile Bank offers a yield of 3.13% to investors and pays a quarterly dividend of $0.36 per share. Independent Bank pays 40.92% of its earnings as a dividend. Mercantile Bank pays out 25.55% of its earnings as a dividend. Both of these payout ratios are sufficient to cover dividend payouts with earnings for the foreseeable future.

  • Which has Better Financial Ratios INDB or MBWM?

    Independent Bank quarterly revenues are $174.6M, which are larger than Mercantile Bank quarterly revenues of $58M. Independent Bank's net income of $42.9M is higher than Mercantile Bank's net income of $19.6M. Notably, Independent Bank's price-to-earnings ratio is 13.94x while Mercantile Bank's PE ratio is 8.97x. Generally a lower price-to-earnings ratio signals a stock is trading at a lower multiple of earnings and is a better value. Another key metric is the price-to-sales ratio, which for Independent Bank is 4.01x versus 3.13x for Mercantile Bank. Usually stocks with elevated PS ratios are considered overvalued.

    Company Price/Sales Ratio Price/Earnings Ratio Quarterly Revenue Quarterly Net Income
    INDB
    Independent Bank
    4.01x 13.94x $174.6M $42.9M
    MBWM
    Mercantile Bank
    3.13x 8.97x $58M $19.6M
  • Which has Higher Returns INDB or NFBK?

    Northfield Bancorp has a net margin of 24.59% compared to Independent Bank's net margin of 20.51%. Independent Bank's return on equity of 6.76% beat Northfield Bancorp's return on equity of 3.87%.

    Company Gross Margin Earnings Per Share Invested Capital
    INDB
    Independent Bank
    -- $1.01 $3.6B
    NFBK
    Northfield Bancorp
    -- $0.16 $1.8B
  • What do Analysts Say About INDB or NFBK?

    Independent Bank has a consensus price target of $59.50, signalling upside risk potential of 21.28%. On the other hand Northfield Bancorp has an analysts' consensus of $14.08 which suggests that it could grow by 21.41%. Given that Northfield Bancorp has higher upside potential than Independent Bank, analysts believe Northfield Bancorp is more attractive than Independent Bank.

    Company Buy Ratings Hold Ratings Sell Ratings
    INDB
    Independent Bank
    0 4 0
    NFBK
    Northfield Bancorp
    0 3 0
  • Is INDB or NFBK More Risky?

    Independent Bank has a beta of 0.759, which suggesting that the stock is 24.077% less volatile than S&P 500. In comparison Northfield Bancorp has a beta of 0.780, suggesting its less volatile than the S&P 500 by 22.032%.

  • Which is a Better Dividend Stock INDB or NFBK?

    Independent Bank has a quarterly dividend of $0.57 per share corresponding to a yield of 3.56%. Northfield Bancorp offers a yield of 4.48% to investors and pays a quarterly dividend of $0.13 per share. Independent Bank pays 40.92% of its earnings as a dividend. Northfield Bancorp pays out 60.51% of its earnings as a dividend. Both of these payout ratios are sufficient to cover dividend payouts with earnings for the foreseeable future.

  • Which has Better Financial Ratios INDB or NFBK?

    Independent Bank quarterly revenues are $174.6M, which are larger than Northfield Bancorp quarterly revenues of $31.8M. Independent Bank's net income of $42.9M is higher than Northfield Bancorp's net income of $6.5M. Notably, Independent Bank's price-to-earnings ratio is 13.94x while Northfield Bancorp's PE ratio is 18.13x. Generally a lower price-to-earnings ratio signals a stock is trading at a lower multiple of earnings and is a better value. Another key metric is the price-to-sales ratio, which for Independent Bank is 4.01x versus 3.84x for Northfield Bancorp. Usually stocks with elevated PS ratios are considered overvalued.

    Company Price/Sales Ratio Price/Earnings Ratio Quarterly Revenue Quarterly Net Income
    INDB
    Independent Bank
    4.01x 13.94x $174.6M $42.9M
    NFBK
    Northfield Bancorp
    3.84x 18.13x $31.8M $6.5M

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