Home Sectors Financial Services Recent Technicals: Independent Bank Corp. (NASDAQ: INDB)

Recent Technicals: Independent Bank Corp. (NASDAQ: INDB)


Independent Bank Corp. is in the financial services sector and is in the banking industry. The company CEO is Christopher Oddleifson. Independent Bank Corp is a provider of financial services. The company functions through the Rockland Trust Company to render commercial banking solutions including lending activities, acceptance of demand, savings and investment management.

Previous Intraday Trading Performance:

The INDB stock showed a previous change of 0.11% with an open at 71.77 and a close of 71.53. It reached an intraday high of 72.43 and a low of 71.30.

Business Wire:  Rockland Trust Welcomes Blue Hills Bank Customers


The stock has a market cap of $2.5b with 34.3m shares outstanding, of which the float is 33.5m shares. Trading volume reached 81,463 shares compared to its average volume of 95,290 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Independent Bank Corp. shares returned 2.55% and in the past 30 trading days it returned -10.77%. Over three months, it changed -12.14%. In one year it has changed -10.96% and within that year its 52-week high was 95.00 and its 52-week low was 66.12. INDB stock is 8.18% above its 52 Week Low.

Our calculations show a 200 day moving average of 79.38 and a 50 day moving average of 78.51. Currently INDB stock is trading -9.89% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

Business Wire:  Rockland Trust Welcomes Blue Hills Bank Customers


The last annual fiscal EPS for the company was reported at 4.41 that ended on 31st of December 2018, which according to the previous close, that is a PE of 16.22. Based on 1 analyst estimate, the estimated EPS for the next quarter is 1.33. The TTM EPS is 4.70, which comes to a TTM PE of 15.22. Historically, the PE high was 29.80 and the PE low was 15.10. If the stock reached its PE low, that would represent a price of 70.97, which is a decrease of -0.79%.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 1.25
4thQtr of 2018 1.07
3rdQtr of 2018 1.20
2ndQtr of 2018 1.13
1stQtr of 2018 1.00

The dividend per share is currently 1.76, which is a dividend yield of 2.46%. Also, the payout ratio is 37.45%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 67.65, which means it may be overvalued by -5.74%.

Indicators to Watch:

Based on the latest filings, there is 3.00% of insider ownership.

The current calculated beta is 1.10.

PR Newswire:  Kontoor Brands and Arrowhead Pharmaceuticals Set to Join S&P SmallCap 600

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 12.55%, return on assets is 1.51%, profit margin is 30.06%, price-to-sales is 5.70 and price-to-book is 2.22.

Company Scores:

All scores are out of six:
 2  :Valuation Score
 3  :Past Performance Score
 6  :Financial Strength Score
 4  :Future Growth Score
 4  :Dividend Score
 3  :Overall Score

John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.