Independent Bank Corp. (Massachusetts) (INDB) Stock Recommendation | Score, Valuation, Technicals & Financial Trend

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Comparison

Company

Score

Quality

Valuation

Financial

Technical

Atlantic Union Bankshares Corp.

Eastern Bankshares, Inc.

Independent Bank Corp. (Massachusetts)

Cathay General Bancorp

First BanCorp (Puerto Rico)

International Bancshares Corp.

Ameris Bancorp

First Hawaiian, Inc.

EVERTEC, Inc.

CVB Financial Corp.

First Interstate BancSystem, Inc.

Why is Independent Bank Corp. (Massachusetts) ?

High Profitability with a Net Interest Margin of 12.93%

Strong Long Term Fundamental Strength with a 14.17% CAGR growth in Net Profits

With a growth in Interest of NAN%, the company declared Outstanding results in Mar 26

The company has declared positive results for the last 4 consecutive quarters
OPERATING CASH FLOW(Y) Highest at USD 355.73 MM
DIVIDEND PER SHARE(HY) Highest at USD 0
PRE-TAX PROFIT(Q) Highest at USD 107.33 MM

With ROA of 0.61%, it has a fair valuation with a 1.01 Price to Book Value

The stock is trading at a discount compared to its peers' average historical valuations
Over the past year, while the stock has generated a return of 24.55%, its profits have risen by 21.9% ; the PEG ratio of the company is 3.4

High Institutional Holdings at 91.85%

These investors have better capability and resources to analyse fundamentals of companies than most retail investors.
Their stake has increased by 1.44% over the previous quarter.

Real-Time Research Report

Verdict Report

How much should you buy?

Overall Portfolio exposure to Independent Bank Corp. (Massachusetts) should be less than 10%
Overall Portfolio exposure to Regional Banks should be less than 30%

(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Regional Banks)

When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock

Is Independent Bank Corp. (Massachusetts) for you?

Medium Risk, High Return

Absolute

Risk Adjusted

Volatility

Independent Bank Corp. (Massachusetts)

24.55%

2.55

26.99%

S&P 500

22.99%

1.78

12.93%

Quality

Management Risk

Growth

Capital Structure

Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor

Value

Sales Growth (5y)

20.52%

EBIT Growth (5y)

13.96%

EBIT to Interest (avg)

Debt to EBITDA (avg)

Net Debt to Equity (avg)

Sales to Capital Employed (avg)

Tax Ratio

Dividend Payout Ratio

53.14%

Pledged Shares

Institutional Holding

91.85%

ROCE (avg)

ROE (avg)

Valuation

Valuation Scorecard

Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

1.01

EV to EBIT

13.17

EV to EBITDA

11.40

EV to Capital Employed

1.01

EV to Sales

3.51

PEG Ratio

3.41

Dividend Yield

288.40%

ROCE (Latest)

7.69%

ROE (Latest)

6.62%

Technicals

Technical key factors

Indicator

Weekly

Monthly

MACD

Mildly Bearish

Bullish

RSI

No Signal

Bollinger Bands

Mildly Bullish

Bullish

Moving Averages

Bullish (Daily)

KST

Mildly Bearish

Bullish

Dow Theory

No Trend

Mildly Bearish

OBV

Mildly Bullish

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Technical Movement

Analyse All Technical Factors

Financial Trend

Financial Trend Scorecard

Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

22What is working for the Company

OPERATING CASH FLOW(Y)

Highest at USD 355.73 MM

DIVIDEND PER SHARE(HY)

Highest at USD 0

PRE-TAX PROFIT(Q)

Highest at USD 107.33 MM

CASH AND EQV(HY)

Highest at USD 453.06 MM

NET SALES(Q)

At USD 290.26 MM has Grown at 36.97%

NET PROFIT(Q)

At USD 82.24 MM has Grown at 81.45%

EPS(Q)

Highest at USD 1.63

-1What is not working for the Company

DIVIDEND PAYOUT RATIO(Y)

Lowest at 39.24%

Here's what is working for Independent Bank Corp. (Massachusetts)

Pre-Tax Profit

Highest at USD 107.33 MM and Grown

In each period in the last five periods

MOJO Watch

Near term Pre-Tax Profit trend is very positive

Pre-Tax Profit (USD MM)

Dividend per share

Highest at USD 0 and Grown

In each year in the last five years

MOJO Watch

Company is distributing higher dividend from profits generated

DPS (USD)

Operating Cash Flow

Highest at USD 355.73 MM

in the last three years

MOJO Watch

The company has generated higher cash revenues from business operations

Operating Cash Flows (USD MM)

Net Sales

At USD 290.26 MM has Grown at 36.97%

Year on Year (YoY)

MOJO Watch

Near term sales trend is positive

Net Sales (USD MM)

Pre-Tax Profit

At USD 107.33 MM has Grown at 84.03%

Year on Year (YoY)

MOJO Watch

Near term Pre-Tax Profit trend is positive

Pre-Tax Profit (USD MM)

Net Profit

At USD 82.24 MM has Grown at 81.45%

Year on Year (YoY)

MOJO Watch

Near term Net Profit trend is positive

Net Profit (USD MM)

EPS

Highest at USD 1.63

in the last five periods

MOJO Watch

Increasing profitability; company has created higher earnings for shareholders

EPS (USD)

Cash and Eqv

Highest at USD 453.06 MM

in the last six Semi-Annual periods

MOJO Watch

Short Term liquidity is improving

Cash and Cash Equivalents

Here's what is not working for Independent Bank Corp. (Massachusetts)

Dividend Payout Ratio

Lowest at 39.24%

in the last five years

MOJO Watch

Company is distributing lower proportion of profits generated as dividend

DPR (%)