Independent Bank Corp. (Massachusetts)

  • Market Cap: Small Cap
  • Industry: Regional Banks
  • ISIN: US4538361084
USD
73.73
0.46 (0.63%)
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

170.85 k

Shareholding (Mar 2025)

FII

6.99%

Held by 107 FIIs

DII

42.68%

Held by 56 DIIs

Promoter

0.00%

How big is Independent Bank Corp. (Massachusetts)?

22-Jun-2025

As of Jun 18, Independent Bank Corp. (Massachusetts) has a market capitalization of $2.61 billion, with total assets of $19.37 billion and shareholder's funds of $2.99 billion.

As of Jun 18, Independent Bank Corp. (Massachusetts) has a market capitalization of 2,610.81 million, categorizing it as a Small Cap company.<BR><BR>As of Jun 18, the company reported a sum of interest earned for the latest four quarters amounting to 856.62 million and a net profit of 188.73 million.<BR><BR>As of Dec 24, the reporting period shows Shareholder's Funds at 2,993.12 million and Total Assets at 19,373.56 million.

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What does Independent Bank Corp. (Massachusetts) do?

22-Jun-2025

Independent Bank Corp. (Massachusetts) is a small-cap bank holding company in the Regional Banks industry, with recent net sales of $212 million and a net profit of $44 million. Key metrics include a P/E ratio of 14.00, a dividend yield of 388.81%, and a market cap of approximately $2.61 billion.

Overview: <BR>Independent Bank Corp. (Massachusetts) is a bank holding company operating in the Regional Banks industry, with a market cap in the small-cap bracket.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 212 Million (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 44 Million (Quarterly Results - Mar 2025) <BR>Market cap: USD 2,610.81 Million (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 14.00 <BR>Dividend Yield: 388.81% <BR>Debt Equity: 0.00 <BR>Return on Equity: 6.30% <BR>Price to Book: 0.86<BR><BR>Contact Details: <BR>Address: 288 Union St, ROCKLAND MA: 02370-1803 <BR>Tel: ['1 781 8786100', '1 616 4473914'] <BR>Website: https://www.independentbank.com/

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Should I buy, sell or hold Independent Bank Corp. (Massachusetts)?

22-Jun-2025

Who are in the management team of Independent Bank Corp. (Massachusetts)?

22-Jun-2025

As of March 2022, the management team of Independent Bank Corp. (Massachusetts) includes President and CEO Christopher Oddleifson, Directors Dennis Archer, Gerard Nadeau, and independent directors Donna Abelli, Michael Hogan, and Kevin Jones, who oversee the company's operations and strategy.

As of March 2022, the management team of Independent Bank Corp. (Massachusetts) includes the following individuals:<BR><BR>- Mr. Christopher Oddleifson: President, Chief Executive Officer, Director of the Company, and Chief Executive Officer of Rockland Trust.<BR>- Mr. Dennis Archer: Director.<BR>- Mr. Gerard Nadeau: Director and President of Rockland Trust.<BR>- Ms. Donna Abelli: Independent Director.<BR>- Mr. Michael Hogan: Independent Director.<BR>- Mr. Kevin Jones: Independent Director. <BR><BR>This team is responsible for overseeing the operations and strategic direction of the company.

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Is Independent Bank Corp. (Massachusetts) overvalued or undervalued?

20-Sep-2025

As of June 30, 2025, Independent Bank Corp. is fairly valued with a P/E ratio of 14 and a Price to Book Value of 0.90, showing competitive metrics compared to peers like Ameris Bancorp and First BanCorp, despite its recent performance slightly outperforming the S&P 500 year-to-date but lagging over the longer term.

As of 30 June 2025, the valuation grade for Independent Bank Corp. (Massachusetts) moved from expensive to fair. Based on the current metrics, the company appears to be fairly valued. The P/E ratio stands at 14, while the Price to Book Value is 0.90, and the EV to EBIT is 13.82, indicating that the stock is reasonably priced compared to its earnings and book value.<BR><BR>In comparison to its peers, Ameris Bancorp has a P/E of 13.35, and First BanCorp (Puerto Rico) has a P/E of 12.69, both suggesting a competitive valuation landscape within the regional banks sector. Notably, while Independent Bank Corp. has shown a YTD return of 13.48%, slightly outperforming the S&P 500's 12.22%, its longer-term performance over three and five years has lagged behind the broader market, which may warrant further scrutiny.

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Is Independent Bank Corp. (Massachusetts) technically bullish or bearish?

20-Sep-2025

As of August 19, 2025, Independent Bank Corp. (Massachusetts) has a bullish technical trend, supported by positive indicators, though it has underperformed the S&P 500 over the long term despite recent short-term gains.

As of 19 August 2025, the technical trend for Independent Bank Corp. (Massachusetts) has changed from mildly bullish to bullish. The current technical stance is bullish, supported by bullish signals in the MACD, Bollinger Bands, and moving averages across various time frames. The KST also indicates bullish momentum on both weekly and monthly charts. However, the Dow Theory shows a mildly bullish stance on the weekly and monthly time frames, while the OBV is mildly bearish on the weekly chart.<BR><BR>In terms of performance, the stock has outperformed the S&P 500 over the past week and month, returning 3.92% and 8.93% respectively, compared to the S&P 500's 1.05% and 2.33%. However, over longer periods, such as 3 years and 5 years, the stock has significantly underperformed the benchmark.

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iScoreScore
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Strong Sell
Sell
Hold
Buy
Strong Buy

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Dashboard
1

High Profitability with a Net Interest Margin of 7.17%

 
2

Strong Long Term Fundamental Strength with a 4.92% CAGR growth in Net Profits

 
3

Positive results in Jun 25

4

With ROA of 0.69%, it has a fair valuation with a 0.90 Price to Book Value

5

High Institutional Holdings at 94.94%

6

Underperformed the market in the last 1 year

stock-summaryMojo Parameters
Mojo Parameters
Stock DNA
stock-summary
Industry

Regional Banks

stock-summary
Market cap

USD 3,544 Million (Small Cap)

stock-summary
P/E

14.00

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

288.92%

stock-summary
Debt Equity

0.00

stock-summary
Return on Equity

6.27%

stock-summary
Price to Book

1.15

Revenue and Profits:
Net Sales:
218 Million
(Quarterly Results - Jun 2025)
Net Profit:
51 Million
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
4.54%
0%
4.54%
6 Months
19.46%
0%
19.46%
1 Year
3.0%
0%
3.0%
2 Years
23.36%
0%
23.36%
3 Years
-19.43%
0%
-19.43%
4 Years
-7.69%
0%
-7.69%
5 Years
4.76%
0%
4.76%

Independent Bank Corp. (Massachusetts) for the last several years.

Risk Adjusted Returns v/s stock-summary
stock-summaryNews & Corporate Actions
News
Announcements stock-summary
Icon
No announcement available
Corporate Actions stock-summary
Icon
No corporate action available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
14.39%
EBIT Growth (5y)
4.27%
EBIT to Interest (avg)
0
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0
Tax Ratio
0
Dividend Payout Ratio
50.46%
Pledged Shares
0
Institutional Holding
94.94%
ROCE (avg)
0
ROE (avg)
0
Valuation key factors
Factor
Value
P/E Ratio
14
Industry P/E
Price to Book Value
0.90
EV to EBIT
13.82
EV to EBITDA
11.49
EV to Capital Employed
0.90
EV to Sales
3.25
PEG Ratio
NA
Dividend Yield
372.95%
ROCE (Latest)
6.51%
ROE (Latest)
6.30%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Mildly Bearish
Dow Theory
Mildly Bullish
Mildly Bullish
OBV
Mildly Bullish
Bearish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Mar 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Domestic Funds

Domestic Funds

Held in 73 Schemes (50.25%)

Foreign Institutions

Held by 107 Foreign Institutions (6.99%)

Strategic Entities with highest holding

Highest Public shareholder

stock-summaryFinancial
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stock-summaryCompany CV
About Independent Bank Corp. (Massachusetts) stock-summary
stock-summary
Independent Bank Corp. (Massachusetts)
Regional Banks
Independent Bank Corp. is a bank holding company. The Company operates through its subsidiary, Rockland Trust Company (the Bank). The Bank is a community-oriented commercial bank. Its community banking business provides a range of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management. As of November 16, 2018, the bank operated approximately 100 retail branches, commercial and residential lending centers, and investment management offices in eastern Massachusetts, including Greater Boston, the South Shore, the Cape and Islands, and Rhode Island. The Bank classifies loans as commercial loans, consumer real estate loans, or other consumer loans. Commercial loans consist of commercial and industrial loans, commercial real estate loans, commercial construction loans, and small business loans. The Bank offers a range of demand deposits, interest checking, money market accounts and savings accounts.
Company Coordinates stock-summary
Company Details
288 Union St , ROCKLAND MA : 02370-1803
stock-summary
Tel: 1 781 87861001 616 4473914
stock-summary
Registrar Details