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INDB
Stock ticker:
NASDAQ
AS OF
Jun 24 closing price
Price
$79.08
Change
+$0.62 (+0.79%)
Capitalization
3.75B

INDB Price Prediction, Independent Bank Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jun 24, 2022

INDB sees its Stochastic Oscillator ascends from oversold territory

On June 22, 2022, the Stochastic Oscillator for INDB moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 60 instances where the indicator left the oversold zone. In 45 of the 60 cases the stock moved higher in the following days. This puts the odds of a move higher at over 75%.

Technical Analysis (Indicators)

Bullish Trend Analysis

INDB moved above its 50-day moving average on June 24, 2022 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where INDB advanced for three days, in of 313 cases, the price rose further within the following month. The odds of a continued upward trend are .

INDB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 203 cases where INDB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for INDB moved out of overbought territory on May 31, 2022. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on June 09, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on INDB as a result. In of 76 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for INDB turned negative on June 10, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 10-day moving average for INDB crossed bearishly below the 50-day moving average on June 23, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

The 50-day moving average for INDB moved below the 200-day moving average on May 18, 2022. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where INDB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock slightly better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. INDB’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.246) is normal, around the industry mean (2.344). P/E Ratio (23.697) is within average values for comparable stocks, (15.219). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.096). Dividend Yield (0.025) settles around the average of (0.037) among similar stocks. INDB's P/S Ratio (5.580) is slightly higher than the industry average of (3.050).

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published price charts
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published Earnings

INDB is expected to report earnings to rise 1.63% to $1.25 per share on July 21

Independent Bank Corp INDB Stock Earnings Reports
Q2'22
Est.
$1.25
Q1'22
Missed
by $0.03
Q4'21
Beat
by $0.53
Q3'21
Beat
by $0.23
Q2'21
Beat
by $0.09
The last earnings report on April 21 showed earnings per share of $1.23, missing the estimate of $1.26. With 333.20K shares outstanding, the current market capitalization sits at 3.75B.
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published Dividends

INDB is expected to pay dividends on July 08, 2022

Independent Bank Corp INDB Stock Dividends
A dividend of $0.51 per share will be paid with a record date of July 08, 2022, and an ex-dividend date of June 24, 2022. The last dividend of $0.51 was paid on April 08. Read more...
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published Highlights

Notable companies

The most notable companies in this group are US Bancorp (NYSE:USB), PNC Financial Services Group (NYSE:PNC), Itau Unibanco Holding SA (NYSE:ITUB), Banco Bradesco SA (NYSE:BBD), Deutsche Bank Aktiengesellschaft (NYSE:DB), Regions Financial Corp (NYSE:RF), Huntington Bancshares (NASDAQ:HBAN), KeyCorp (NYSE:KEY), Veritex Holdings (NASDAQ:VBTX).

Industry description

Regional banks have a smaller reach than major banks, and cater mostly to one region of a country, such as a state or within a group of states. They offer services often similar – albeit with some limitations/smaller scale – compared to major banks. Taking deposits, making loans, mortgages, leases, credit cards , fund management, insurance and investment banking. SunTrust Banks, State Street Corp., M&T Bank Corp. are some examples of U.S. regional banks.

Market Cap

The average market capitalization across the Regional Banks Industry is 4.84B. The market cap for tickers in the group ranges from 10.73K to 152.55B. CIHKY holds the highest valuation in this group at 152.55B. The lowest valued company is ACBCQ at 10.73K.

High and low price notable news

The average weekly price growth across all stocks in the Regional Banks Industry was 0%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was -4%. HRBK experienced the highest price growth at 116%, while FSTF experienced the biggest fall at -66%.

Volume

The average weekly volume growth across all stocks in the Regional Banks Industry was -64%. For the same stocks of the Industry, the average monthly volume growth was -35% and the average quarterly volume growth was 20%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 49
Price Growth Rating: 53
SMR Rating: 47
Profit Risk Rating: 75
Seasonality Score: -13 (-100 ... +100)
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published General Information

General Information

a regional bank

Industry RegionalBanks

Profile
Fundamentals
Details
Industry
Regional Banks
Address
2036 Washington Street
Phone
+1 781 878-6100
Employees
1691
Web
https://www.rocklandtrust.com

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INDB and

Correlation & Price change

A.I.dvisor indicates that over the last year, INDB has been closely correlated with SASR. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if INDB jumps, then SASR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To INDB
1D Price
Change %
INDB100%
+0.79%
SASR - INDB
82%
Closely correlated
+2.01%
FBNC - INDB
82%
Closely correlated
+0.35%
FFBC - INDB
82%
Closely correlated
+1.70%
GBCI - INDB
81%
Closely correlated
+2.86%
UBSI - INDB
80%
Closely correlated
+2.45%
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