INDB vs. CVBF, TOWN, SBCF, HTH, BOH, AUB, CATY, RNST, FIBK, and OFG
Should you be buying Independent Bank stock or one of its competitors? The main competitors of Independent Bank include CVB Financial (CVBF), TowneBank (TOWN), Seacoast Banking Co. of Florida (SBCF), Hilltop (HTH), Bank of Hawaii (BOH), Atlantic Union Bankshares (AUB), Cathay General Bancorp (CATY), Renasant (RNST), First Interstate BancSystem (FIBK), and OFG Bancorp (OFG). These companies are all part of the "state commercial banks" industry.
Independent Bank (NASDAQ:INDB) and CVB Financial (NASDAQ:CVBF) are both mid-cap finance companies, but which is the better business? We will contrast the two companies based on the strength of their profitability, institutional ownership, media sentiment, earnings, risk, analyst recommendations, dividends, valuation and community ranking.
Independent Bank received 82 more outperform votes than CVB Financial when rated by MarketBeat users. Likewise, 55.08% of users gave Independent Bank an outperform vote while only 52.24% of users gave CVB Financial an outperform vote.
Independent Bank has higher revenue and earnings than CVB Financial. Independent Bank is trading at a lower price-to-earnings ratio than CVB Financial, indicating that it is currently the more affordable of the two stocks.
Independent Bank presently has a consensus price target of $60.00, indicating a potential upside of 14.90%. CVB Financial has a consensus price target of $20.00, indicating a potential upside of 16.96%. Given CVB Financial's stronger consensus rating and higher probable upside, analysts plainly believe CVB Financial is more favorable than Independent Bank.
In the previous week, Independent Bank had 3 more articles in the media than CVB Financial. MarketBeat recorded 16 mentions for Independent Bank and 13 mentions for CVB Financial. Independent Bank's average media sentiment score of 0.21 beat CVB Financial's score of -0.08 indicating that Independent Bank is being referred to more favorably in the media.
Independent Bank pays an annual dividend of $2.28 per share and has a dividend yield of 4.4%. CVB Financial pays an annual dividend of $0.80 per share and has a dividend yield of 4.7%. Independent Bank pays out 44.0% of its earnings in the form of a dividend. CVB Financial pays out 50.3% 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.
83.4% of Independent Bank shares are held by institutional investors. Comparatively, 74.2% of CVB Financial shares are held by institutional investors. 0.9% of Independent Bank shares are held by insiders. Comparatively, 6.0% of CVB Financial shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
Independent Bank has a beta of 0.83, suggesting that its stock price is 17% less volatile than the S&P 500. Comparatively, CVB Financial has a beta of 0.46, suggesting that its stock price is 54% less volatile than the S&P 500.
CVB Financial has a net margin of 33.26% compared to Independent Bank's net margin of 23.97%. CVB Financial's return on equity of 11.50% beat Independent Bank's return on equity.
Summary
Independent Bank and CVB Financial tied by winning 10 of the 20 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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