ScoreComparison
Company
Score
Quality
Valuation
Financial
Technical
Why is Independent Bank Corp. (Massachusetts) ?
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
- NII(Q) Highest at USD 147.5 MM
- DIVIDEND PER SHARE(HY) Highest at USD 0
- GROSS NPA (%)(Q) Lowest at 0.39%
4
With ROA of 0.69%, it has a fair valuation with a 0.90 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 -1.63%, its profits have fallen by -15.4%
- At the current price, the company has a high dividend yield of 373
5
High Institutional Holdings at 94.94%
- These investors have better capability and resources to analyse fundamentals of companies than most retail investors.
- Their stake has increased by 2.95% over the previous quarter.
6
Underperformed the market in the last 1 year
- Even though the market (S&P 500) has generated returns of 12.33% in the last 1 year, the stock has hugely underperformed and has generate negative returns of -1.63% returns
Real-Time Research ReportHow much should you hold?
- 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)
3.0%
1.68
32.28%
S&P 500
13.22%
0.61
20.17%
Quality
Management Risk
Growth
Capital StructureQuality key factors
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
ValuationValuation 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%
TechnicalsTechnical 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
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend14What is working for the Company
NII(Q)
Highest at USD 147.5 MM
DIVIDEND PER SHARE(HY)
Highest at USD 0
GROSS NPA (%)
(Q
DIVIDEND PAYOUT RATIO(Y)
Highest at 49.23%
CASH AND EQV(HY)
Highest at USD 434.03 MM
NET SALES(Q)
Highest at USD 218.19 MM
OPERATING PROFIT(Q)
Highest at USD 68.05 MM
OPERATING PROFIT MARGIN(Q)
Highest at 31.19 %
PRE-TAX PROFIT(Q)
Highest at USD 68.05 MM
NET PROFIT(Q)
Highest at USD 52.84 MM
-4What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at USD 233.59 MM
CREDIT DEPOSIT RATIO(HY)
Lowest at 91.44%
Here's what is working for Independent Bank Corp. (Massachusetts)
NII
Highest at USD 147.5 MM and Grown
In each period in the last five periodsMOJO Watch
The bank's income from core business is increasing
Net NPA
Non Performing Loans (%)
Lowest at 0.39%
in the last four Semi-Annual periodsMOJO Watch
Proportion of stressed loans given by the bank are falling
Non Performing Loans (%)
Dividend per share
Highest at USD 0 and Grown
In each year in the last five yearsMOJO Watch
Company is distributing higher dividend from profits generated
DPS (USD)
Net Sales
Highest at USD 218.19 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (USD MM)
Operating Profit
Highest at USD 68.05 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (USD MM)
Operating Profit Margin
Highest at 31.19 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Pre-Tax Profit
Highest at USD 68.05 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (USD MM)
Net Profit
Highest at USD 52.84 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (USD MM)
Cash and Eqv
Highest at USD 434.03 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Dividend Payout Ratio
Highest at 49.23%
in the last five yearsMOJO Watch
Company is distributing higher proportion of profits generated as dividend
DPR (%)
CASA
Highest at 14.7%
in the last five periodsMOJO Watch
The Bank's capital base vs its risk assets is improving. However, the bank may not be taking adequate risk in its lending book.
CAR (%)
Here's what is not working for Independent Bank Corp. (Massachusetts)
Operating Cash Flow
Lowest at USD 233.59 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (USD MM)
Credit Deposit Ratio
Lowest at 91.44%
in the last four Semi-Annual periodsMOJO Watch
Bank has been creating proportionately lower loans against its deposits, thereby creating fewer revenue generating assets
Credit Deposit Ratio (%)
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