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Independent Bank share price today

(INDB)

Independent Bank share price is $66.26 & ₹5,638.39 as on 24 Dec 2024, 2.30 'hrs' IST

$66.26

0.24

(0.36%)

Market is closed - opens 8 PM, 24 Dec 2024

View live Independent Bank share price in Dollar and Rupees. Guide to invest in Independent Bank from India. Also see the sentimental analysis on Indian investors investing in Independent Bank. Get details on the Indian mutual funds that are investing in Independent Bank. Get Analyst recommendations and forecasts along with all the Independent Bank's financials.

Independent Bank share price movements

  • Today's Low: $65.40
    Today's High: $66.34

    Day's Volatility :1.42%

  • 52 Weeks Low: $45.11
    52 Weeks High: $77.23

    52 Weeks Volatility :41.59%

Independent Bank Returns

PeriodIndependent Bank CorpSector (Financials)Index (Russel 2000)
3 Months
10.92%
6.8%
0.0%
6 Months
41.55%
17.4%
0.0%
1 Year
-1.99%
29.9%
0.0%
3 Years
-18.79%
25.0%
-21.1%

Independent Bank Key Statistics

in dollars & INR

Previous Close
$66.02
Open
$65.54
Today's High
$66.34
Today's Low
$65.4
Market Capitalization
$2.8B
Today's Volume
$521.1K
52 Week High
$77.23
52 Week Low
$45.11
Revenue TTM
$655.5M
Earnings Per Share (EPS)
$4.6
PE Ratio
14.24
Dividend Yield
3.48%
Profit Margin
30.03%
Quarterly Earnings Growth YOY
-0.27%
Return On Equity TTM
6.72%

How to invest in Independent Bank from India?

It is very easy for Indian residents to invest directly in Independent Bank from India. Indian investors can open a free US stocks account on the INDmoney app. You can find live prices of the Independent Bank stock in both Indian Rupees (INR) and US Dollars (USD). Search for Independent Bank or INDB on the INDmoney app and click on Buy or SIP. You can invest by choosing quantities of shares of Independent Bank or rupee/ dollar value or set up a fixed SIP amount to be invested every month or week.

For example: You can easily buy Rs.100 worth of Independent Bank shares which would translate to 0.013 fractional shares of Independent Bank as of today. Learn more about fractional investing.

Indians can now also easily transfer and add money to their US stocks account via the INDmoney app. Invest in US Stocks from India, including recognised companies like Independent Bank, in just a few clicks!

Returns in Independent Bank for Indian investors in Rupees

Investment Value

₹1,00,000

  • 1Y

  • 3Y

  • 5Y

  • 7Y

  • 10Y

Independent Bank investment value today

Current value as on today

₹1,00,706

Returns

₹706

(+0.71%)

Returns from Independent Bank Stock

₹1,633 (-1.63%)

Dollar Returns

₹2,339 (+2.34%)

Indian investors sentiment towards Independent Bank

89%

Period: Sep 24, 2024 to Dec 23, 2024. Change in 30 Days versus previous period

Search volume for Independent Bank on INDmoney from India has grown in the last 30 days as on Dec 24, 2024. 89% more investors are searching Independent Bank in the last 30 days versus the previous period.

Global Institutional Holdings in Independent Bank

  • BlackRock Inc

    14.28%

  • Vanguard Group Inc

    11.84%

  • State Street Corp

    5.38%

  • Dimensional Fund Advisors, Inc.

    5.37%

  • Victory Capital Management Inc.

    2.45%

  • Geode Capital Management, LLC

    2.39%

Analyst Recommendation on Independent Bank

Hold

    0%Buy

    66%Hold

    33%Sell

Based on 9 Wall street analysts offering stock ratings for Independent Bank(by analysts ranked 0 to 5 stars)

Based on 9 analyst
  • Current
  • 1M Ago
  • 3M Ago
Buy
0
0
0
Hold
6
6
6
Sell
3
3
3

Analyst Forecast on Independent Bank

What analysts predicted

Upside of 17.34%

Current:

$66.26

Target:

$77.75

Insights on Independent Bank

  • Price Movement

    In the last 7 days, INDB stock has moved down by -7.9%
  • Increasing Revenue

    Revenue is up for the last 6 quarters, 183.30M → 248.94M (in $), with an average increase of 5.8% per quarter
  • Decreasing Net Profit

    Netprofit is down for the last 2 quarters, 51.33M → 42.94M (in $), with an average decrease of 16.3% per quarter
  • INDB vs MFG (1 yr)

    In the last 1 year, Mizuho Financial Group, Inc. has given 42.6% return, outperforming this stock by 42.5%
  • INDB vs MFG (3 yr)

    In the last 3 years, Mizuho Financial Group, Inc. has given 86.1% return, outperforming this stock by 103.4%
  • Price to Sales

    ForINDB every $1 of sales, investors are willing to pay $4.3, whereas for Mizuho Financial Group, Inc., the investors are paying $0.0 for every $1 of sales.

Independent Bank Financials in INR & Dollars

FY18Y/Y Change
Revenue
$386.7M
↑ 13.11%
Net Income
$121.6M
↑ 39.47%
Net Profit Margin
31.45%
↑ 5.94%
FY19Y/Y Change
Revenue
$508.4M
↑ 31.49%
Net Income
$165.2M
↑ 35.81%
Net Profit Margin
32.49%
↑ 1.04%
FY20Y/Y Change
Revenue
$477.5M
↓ 6.09%
Net Income
$121.2M
↓ 26.64%
Net Profit Margin
25.38%
↓ 7.11%
FY21Y/Y Change
Revenue
$507.4M
↑ 6.27%
Net Income
$121.0M
↓ 0.14%
Net Profit Margin
23.85%
↓ 1.53%
FY22Y/Y Change
Revenue
$727.9M
↑ 43.46%
Net Income
$263.8M
↑ 118.04%
Net Profit Margin
36.24%
↑ 12.39%
FY23Y/Y Change
Revenue
$795.7M
↑ 9.32%
Net Income
$239.5M
↓ 9.22%
Net Profit Margin
30.1%
↓ 6.14%
Q2 FY23Q/Q Change
Revenue
$183.3M
↓ 2.1%
Net Income
$62.6M
↑ 2.28%
Net Profit Margin
34.18%
↑ 1.47%
Q3 FY23Q/Q Change
Revenue
$183.4M
↑ 0.07%
Net Income
$60.8M
↓ 2.93%
Net Profit Margin
33.15%
↓ 1.03%
Q4 FY23Q/Q Change
Revenue
$207.2M
↑ 12.95%
Net Income
$54.8M
↓ 9.88%
Net Profit Margin
26.45%
↓ 6.7%
Q1 FY24Q/Q Change
Revenue
$237.7M
↑ 14.76%
Net Income
$47.8M
↓ 12.83%
Net Profit Margin
20.09%
↓ 6.36%
Q2 FY24Q/Q Change
Revenue
$243.5M
↑ 2.4%
Net Income
$51.3M
↑ 7.45%
Net Profit Margin
21.08%
↑ 0.99%
Q3 FY24Q/Q Change
Revenue
$248.9M
↑ 2.26%
Net Income
$42.9M
↓ 16.33%
Net Profit Margin
17.25%
↓ 3.83%
FY18Y/Y Change
Profit
$383.2M
↑ 12.11%
FY19Y/Y Change
Profit
$508.4M
↑ 32.67%
FY20Y/Y Change
Profit
$477.5M
↓ 6.09%
FY21Y/Y Change
Profit
$507.4M
↑ 6.27%
FY22Y/Y Change
Profit
$727.9M
↑ 43.46%
FY23Y/Y Change
Profit
$795.7M
↑ 9.32%
Q2 FY23Q/Q Change
Profit
$183.3M
↓ 2.1%
Q3 FY23Q/Q Change
Profit
$183.4M
↑ 0.07%
Q4 FY23Q/Q Change
Profit
$207.2M
↑ 12.95%
Q1 FY24Q/Q Change
Profit
$237.9M
↑ 14.84%
Q2 FY24Q/Q Change
Profit
$211.6M
↓ 11.06%
Q3 FY24Q/Q Change
Profit
$217.3M
↑ 2.68%
FY18Y/Y Change
Operating Cash Flow
$141.8M
↑ 8.35%
Investing Cash Flow
$-387.5M
↑ 22.33%
Financing Cash Flow
$283.0M
↑ 157.56%
FY19Y/Y Change
Operating Cash Flow
$216.5M
↑ 52.66%
Investing Cash Flow
$20.2M
↓ 105.2%
Financing Cash Flow
$-336.2M
↓ 218.78%
FY20Y/Y Change
Operating Cash Flow
$64.6M
↓ 70.15%
Investing Cash Flow
$-488.2M
↓ 2521.68%
Financing Cash Flow
$1.6B
↓ 566.81%
FY21Y/Y Change
Operating Cash Flow
$190.2M
↑ 194.29%
Investing Cash Flow
$-63.1M
↓ 87.07%
Financing Cash Flow
$817.0M
↓ 47.94%
FY22Y/Y Change
Operating Cash Flow
$421.2M
↑ 121.43%
Investing Cash Flow
$-1.0B
↑ 1484.63%
Financing Cash Flow
$-1.3B
↓ 260.16%
Q2 FY23Q/Q Change
Operating Cash Flow
$90.8M
↑ 76.36%
Investing Cash Flow
$-146.1M
↑ 411.51%
Financing Cash Flow
$-139.0M
↓ 209.68%

Independent Bank Technicals Summary

Sell

Neutral

Buy

Independent Bank is currently in a favorable trading position ( BUY ) according to technical analysis indicators.

Independent Bank Vs Peers

Company Name1 Month6 Month1 Year3 Years5 Years
Independent Bank Corp
-11.94%
41.55%
-1.99%
-18.79%
-19.4%
Icici Bank Ltd.
-2.85%
5.24%
26.88%
55.46%
100.66%
Pnc Financial Services Group, Inc.
-9.28%
26.9%
25.09%
-4.13%
19.62%
U.s. Bancorp
-10.65%
19.74%
8.74%
-15.54%
-20.33%
Truist Financial Corp
-9.94%
16.92%
16.73%
-25.9%
-23.62%
Mizuho Financial Group, Inc.
-2.63%
17.85%
43.03%
88.28%
57.0%
Company NameP/E RatioP/B RatioPEG RatioEPSROEROADiv YieldBVPS
Independent Bank Corp
14.24
14.24
11.0
4.5
0.07
0.01
0.03
70.08
Icici Bank Ltd.
19.28
19.28
0.0
1.36
0.19
0.02
0.01
397.44
Pnc Financial Services Group, Inc.
16.05
16.05
1.89
13.41
0.1
0.01
0.03
124.56
U.s. Bancorp
14.59
14.59
1.16
3.91
0.1
0.01
0.04
33.35
Truist Financial Corp
8.99
NA
1.94
3.69
-0.1
-0.01
0.05
44.46
Mizuho Financial Group, Inc.
11.33
11.33
1.05
1.14
0.07
0.0
0.03
4037.29
Company NameAnalyst ViewMarket Cap5 Years Return %PE RatioProfit Margin
Independent Bank Corp
Hold
$2.8B
-19.4%
14.24
30.03%
Icici Bank Ltd.
Buy
$106.7B
100.66%
19.28
28.91%
Pnc Financial Services Group, Inc.
Buy
$75.4B
19.62%
16.05
25.11%
U.s. Bancorp
Hold
$74.0B
-20.33%
14.59
22.02%
Truist Financial Corp
Buy
$56.5B
-23.62%
8.99
-10.68%
Mizuho Financial Group, Inc.
Buy
$63.0B
57.0%
11.33
21.91%

Independent Bank Dividend announcements

  • Independent Bank Dividends December, 2024

    In the quarter ending December,2024. Independent Bank has declared dividend of $0.57

    Read More

About Independent Bank

about rockland trust company independent bank corp. has approximately $7.1 billion in assets and is the holding company for rockland trust company, a full-service commercial bank headquartered in massachusetts. rockland trust offers a wide range of banking, investment, and insurance services to businesses and individuals through retail branches, commercial lending offices,investment management offices, and residential lending centers in eastern massachusetts and rhode island as well as through telephone banking, mobile banking, and the internet. rockland trust is an fdic member and an equal housing lender. to learn why rockland trust is the bank “where each relationship matters®,” please visit www.rocklandtrust.com. member fdic - equal housing lender.
Organization
Independent Bank
Employees
1787
CEO
Mr. Jeffrey J. Tengel
Industry
Finance

Management People of Independent Bank

NameTitle
Mr. Jeffrey J. Tengel
President, CEO & Director
Mr. Mark J. Ruggiero CPA
Chief Financial Officer
Ms. Maria S. Harris
Executive VP & Chief Human Resource Officer of Rockland Trust Company
Mr. James Rizzo
Executive VP & Chief Commercial Banking Officer of Rockland Trust Company
Mr. David Byron Smith C.F.A.
Executive VP & Chief Investment Officer
Ms. Maureen A. Gaffney
Senior VP, Controller & Principal Accounting Officer
Ms. Patricia M. Natale Esq.
Executive VP & General Counsel
Mr. Alastair Ironside
Executive VP & Chief Marketing Officer
Timothy C. Lane
Senior VP & Chief Internal Auditor
Ms. Margaret McCarthy
Executive VP & Chief Retail Banking Officer

Important FAQs about investing in Independent Bank from India :

What is Independent Bank share price today?

Independent Bank share price today stands at $66.26, Open: $65.54 ; Previous Close: $66.02 ; High: $66.34 ; Low: $65.40 ; 52 Week High: $77.23 ; 52 Week Low: $45.11. The stock opens at $65.54, after a previous close of $66.02. The stock reached a daily high of $66.34 and a low of $65.40, with a 52-week high of $77.23 and a 52-week low of $45.11.

Can Indians buy Independent Bank shares?

Yes, Indians can invest in the Independent Bank (INDB) from India.

With INDmoney, you can buy Independent Bank at 0 brokerage. The step-by-step process is as follows:

  • Open your zero cost US Stocks account and zero balance IND linked savings a/c (this can be done in less than 3 minutes)
  • Transfer funds to your US Stocks account using your IND linked savings a/c (It takes 24 hours excluding Saturday and Sunday). With INDmoney, you get the best INR USD exchange rates.
  • Once funds are transferred successfully, you can buy Independent Bank at zero transaction cost.

How can I buy Independent Bank shares from India?

It is very easy to buy Independent Bank from India. With INDmoney, you can open a US stocks account in less than 3 minutes. Transfer funds in 24 hours and buy stocks very easily - that too at 0 brokerage. All this is done at 0 account opening & management fee, 0 brokerages, and at the same time you get the best rupee-US dollar exchange rate.

Can Fractional shares of Independent Bank be purchased?

Yes, you can buy fractional shares of Independent Bank with INDmoney app.

What are the documents required to start investing in Independent Bank stocks?

To start investing in Independent Bank, You will need the following documents:

  • Proof of Identification (PAN, Aadhaar etc)
  • Proof of address (Aadhaar, Voter ID etc)

These documents are required as per RBI's guidelines to create your IND linked savings a/c so that you can execute for global fund transfer. The entire process is paperless and can be completed seamlessly.

What are today’s High and Low prices of Independent Bank

Today’s highest price of Independent Bank (INDB) is $66.34.

Today’s lowest price of Independent Bank (INDB) is $65.40.

What is today's market capitalisation of Independent Bank

Today's market capitalisation of Independent Bank INDB is 2.8B

What is the 52 Week High and Low Range of Independent Bank

  • 52 Week High

    $77.23

  • 52 Week Low

    $45.11

What are the historical returns of Independent Bank?

  • 1 Month Returns

    -11.94%

  • 3 Months Returns

    41.55%

  • 1 Year Returns

    -1.99%

  • 5 Years Returns

    -19.4%

Who is the Chief Executive Officer (CEO) of Independent Bank

Mr. Jeffrey J. Tengel is the current Chief Executive Officer (CEO) of Independent Bank.