INDB vs. BOH, CVBF, HTH, SBCF, TOWN, HTLF, CATY, OFG, RNST, and TCBI
Should you be buying Independent Bank stock or one of its competitors? The main competitors of Independent Bank include Bank of Hawaii (BOH), CVB Financial (CVBF), Hilltop (HTH), Seacoast Banking Co. of Florida (SBCF), TowneBank (TOWN), Heartland Financial USA (HTLF), Cathay General Bancorp (CATY), OFG Bancorp (OFG), Renasant (RNST), and Texas Capital Bancshares (TCBI). These companies are all part of the "state commercial banks" industry.
Independent Bank (NASDAQ:INDB) and Bank of Hawaii (NYSE:BOH) are both mid-cap finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their dividends, risk, valuation, community ranking, media sentiment, analyst recommendations, profitability, institutional ownership and earnings.
Independent Bank has a net margin of 23.97% compared to Bank of Hawaii's net margin of 15.91%. Bank of Hawaii's return on equity of 13.25% beat Independent Bank's return on equity.
Independent Bank received 139 more outperform votes than Bank of Hawaii when rated by MarketBeat users. Likewise, 55.08% of users gave Independent Bank an outperform vote while only 49.10% of users gave Bank of Hawaii an outperform vote.
Independent Bank has a beta of 0.84, meaning that its share price is 16% less volatile than the S&P 500. Comparatively, Bank of Hawaii has a beta of 1.08, meaning that its share price is 8% more volatile than the S&P 500.
Independent Bank has higher earnings, but lower revenue than Bank of Hawaii. Independent Bank is trading at a lower price-to-earnings ratio than Bank of Hawaii, indicating that it is currently the more affordable of the two stocks.
In the previous week, Independent Bank had 6 more articles in the media than Bank of Hawaii. MarketBeat recorded 9 mentions for Independent Bank and 3 mentions for Bank of Hawaii. Independent Bank's average media sentiment score of 0.99 beat Bank of Hawaii's score of 0.91 indicating that Independent Bank is being referred to more favorably in the media.
83.4% of Independent Bank shares are owned by institutional investors. Comparatively, 82.2% of Bank of Hawaii shares are owned by institutional investors. 0.9% of Independent Bank shares are owned by company insiders. Comparatively, 2.1% of Bank of Hawaii shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.
Independent Bank pays an annual dividend of $2.28 per share and has a dividend yield of 4.3%. Bank of Hawaii pays an annual dividend of $2.80 per share and has a dividend yield of 4.9%. Independent Bank pays out 44.0% of its earnings in the form of a dividend. Bank of Hawaii pays out 72.2% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.
Independent Bank currently has a consensus price target of $60.00, suggesting a potential upside of 10.97%. Bank of Hawaii has a consensus price target of $52.20, suggesting a potential downside of 9.56%. Given Independent Bank's stronger consensus rating and higher probable upside, equities analysts plainly believe Independent Bank is more favorable than Bank of Hawaii.
Summary
Independent Bank beats Bank of Hawaii on 13 of the 19 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding INDB and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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