Independent Bank Corp. (INDB) is a Banks - Regional company in the Financial Services sector, currently trading at $80.04. It has a SharesGrow Score of 57/100, indicating a above average investment profile with 2 out of 7 criteria passed.
SharesGrow calculates the intrinsic value of INDB = $102.87 (+28.5% from the current price, the stock appears undervalued). Analyst consensus target is INDB = $80 (+-0% upside).
Valuation: INDB trades at a trailing Price-to-Earnings (P/E) of 19.3 (S&P 500 average ~25) with a forward Price/Earnings-to-Growth (PEG) of 1.38.
Financials: revenue is $1.2B, +16.1%/yr average growth. Net income is $205M, growing at -7.4%/yr. Net profit margin is 17.6% (healthy). Gross margin is 67.9% (-27.3 pp trend).
Balance sheet: total debt is $901M against $3.6B equity (Debt-to-Equity (D/E) ratio 0.25, conservative). Current ratio is 0.55 (tight liquidity). Debt-to-assets is 3.6%. Total assets: $24.9B.
Analyst outlook: 6 / 15 analysts rate INDB as buy (40%) — mixed sentiment.
SharesGrow 7-Criteria breakdown: Value 58/100 (Partial), Growth 48/100 (Partial), Past 100/100 (Pass), Health 33/100 (Fail), Moat 59/100 (Partial), Future 34/100 (Fail), Income 70/100 (Pass).
