Independent Bank (INDB) Stock Analysis — PE Ratio, PS Ratio, Intrinsic Value & 2030 Price Target
Independent Bank stock (INDB) is currently trading at $74.95. Independent Bank PE ratio is 16.89. Independent Bank PS ratio (Price-to-Sales) is 4.70. Analyst consensus price target for INDB is $89.60. WallStSmart rates INDB as Moderate Buy.
- INDB PE ratio analysis and historical PE chart
- INDB PS ratio (Price-to-Sales) history and trend
- INDB intrinsic value — DCF, Graham Number, EPV models
- INDB stock price prediction 2025 2026 2027 2028 2029 2030
- INDB fair value vs current price
- INDB insider transactions and insider buying
- Is INDB undervalued or overvalued?
- Independent Bank financial analysis — revenue, earnings, cash flow
- INDB Piotroski F-Score and Altman Z-Score
- INDB analyst price target and Smart Rating
Independent Bank
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INDB Intrinsic Value Analysis for Value Investors
Benjamin Graham Formula · Independent Bank (INDB)
INDB trades at a significant discount to its Graham intrinsic value of $207.79, offering a 59% margin of safety — a level value investors typically seek before buying.
Based on Benjamin Graham Formula. Growth rate capped at 25%. For informational purposes only. Not financial advice.
Smart Analysis
Independent Bank (INDB) · 10 metrics scored
Smart Score
Category Performance
WallStSmart pulls financial metrics like revenue growth, profit margins, and valuation ratios and scores each one from 0 to 10 based on how strong or weak it is. Those 10 scores are grouped into 4 categories: Growth, Profitability, Valuation, and Quality — which form the 4 axes of the spider chart you see. The categories are then combined into a final score out of 100, but not equally. Growth and Profitability together count for 60% of the total, because a fast-growing profitable business matters more than just a cheap one. That final number maps to a rating (Strong Buy, Buy, Hold, Avoid) and a letter grade, giving you one clear Stock Rating.
Investment Thesis
Strong fundamentals in operating margin, price/book, revenue growth. Concerns around peg ratio and return on equity. Overall metrics suggest strong investment potential with favorable risk/reward.
Independent Bank (INDB) Key Strengths (7)
Keeps $48 of every $100 in revenue after operating costs
Revenue surging 47.10% year-over-year
Keeps $26 of every $100 in revenue as net profit
208.59% of shares held by major funds and institutions
Trading at 1.03x book value, attractively priced
Strong earnings growth at 29.20% per year
Mid-cap company balancing growth potential with stability
Supporting Valuation Data
Independent Bank (INDB) Areas to Watch (3)
Very expensive relative to growth, significant premium
Low profitability relative to shareholder equity
Premium valuation at 4.7x annual revenue
Independent Bank (INDB) Detailed Analysis Report
Overall Assessment
This company scores 71/100 in our Smart Analysis, earning a B grade. Out of 10 metrics analyzed, 7 register as strengths (avg 9.0/10) while 3 fall into concern territory (avg 3.0/10). All four categories (Growth, Profitability, Valuation, and Quality) show healthy scores, indicating broadly sound fundamentals.
The Bull Case
The strongest argument centers on Operating Margin, Revenue Growth, Profit Margin. Valuation metrics including Price/Book (1.03) suggest the stock is attractively priced. Profitability is solid with Operating Margin at 47.50%, Profit Margin at 25.90%. Growth metrics are encouraging with Revenue Growth at 47.10%, EPS Growth at 29.20%.
The Bear Case
The primary concerns are PEG Ratio, Return on Equity, Price/Sales. Some valuation metrics including PEG Ratio (11.00), Price/Sales (4.70) suggest expensive pricing. Profitability pressure is visible in Return on Equity at 6.26%.
Key Dynamics to Monitor
Three factors to monitor going forward. First, whether PEG Ratio improves, as this is the primary drag on the overall score. Second, margin trajectory, with Return on Equity at 6.26% needing improvement to support the investment thesis. Third, growth sustainability, with Revenue Growth at 47.10% strong but requiring continuation.
Risk Considerations
Based on the metric profile, this is a moderate risk investment. The weight of evidence leans positive, with more strengths than concerns. Investors should size positions according to their risk tolerance and maintain diversification.
Bottom Line
The combination of Operating Margin and Revenue Growth makes a compelling case at current levels. The key risk is PEG Ratio, but the overall fundamental picture is positive with a clear path to maintaining or improving the current B grade.
Disclaimer: Smart Analysis is a scoring system developed by WallStSmart Team. Scores update daily using multi-model valuation framework. Always conduct your own research and consult with financial advisors before making investment decisions.
INDB Price-to-Sales(PS) Ratio Chart
Historical valuation based on market cap ÷ trailing 12-month revenue
INDB's Price-to-Sales ratio of 4.70x trades 39% below its historical average of 7.68x (7th percentile). The current valuation is 73% below its historical high of 17.09x set in Feb 2007, and 36% above its historical low of 3.45x in Mar 2009.
WallStSmart Analysis Synopsis
Data-driven financial summary for Independent Bank (INDB) · FINANCIAL SERVICES › BANKS - REGIONAL
The Big Picture
Independent Bank is a strong growth company balancing expansion with improving profitability. Revenue reached 792M with 47% growth year-over-year. Profit margins are strong at 25.9%, reflecting pricing power and operational efficiency.
Key Findings
Revenue growing at 47% YoY, reaching 792M. This pace significantly outperforms most BANKS - REGIONAL peers.
Profit margin of 25.9% and operating margin of 47.5% demonstrate strong pricing power and operational efficiency.
What to Watch Next
Growth sustainability: can Independent Bank maintain 47%+ revenue growth, or will competition slow it down?
Dividend sustainability with a current yield of 3.1%. Watch payout ratio and free cash flow coverage.
Sector dynamics: monitor BANKS - REGIONAL industry trends, competitive moves, and regulatory changes that could impact Independent Bank.
Bottom Line
Independent Bank offers an attractive blend of growth (47% revenue expansion) and improving fundamentals. The company is transitioning from pure growth to profitable growth, a critical inflection point. Watch for sustained margin expansion as the key signal.
This synopsis is generated from publicly available financial data. It is not financial advice. Always conduct your own research and consult a qualified financial advisor before making investment decisions.
Insider Transactions
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About Independent Bank(INDB)
NASDAQ
FINANCIAL SERVICES
BANKS - REGIONAL
USA
Independent Bank Corp. The company is headquartered in Rockland, Massachusetts.