INDB vs. BOH, CVBF, SBCF, HTH, TOWN, AUB, HTLF, CATY, OFG, and RNST
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), Seacoast Banking Co. of Florida (SBCF), Hilltop (HTH), TowneBank (TOWN), Atlantic Union Bankshares (AUB), Heartland Financial USA (HTLF), Cathay General Bancorp (CATY), OFG Bancorp (OFG), and Renasant (RNST). These companies are all part of the "state commercial banks" industry.
Bank of Hawaii (NYSE:BOH) and Independent Bank (NASDAQ:INDB) are both mid-cap finance companies, but which is the superior stock? We will contrast the two companies based on the strength of their valuation, community ranking, profitability, risk, earnings, institutional ownership, media sentiment, analyst recommendations and dividends.
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 49.20% of users gave Bank of Hawaii an outperform vote.
Independent Bank has a net margin of 23.97% compared to Independent Bank's net margin of 15.91%. Independent Bank's return on equity of 13.25% beat Bank of Hawaii's return on equity.
Bank of Hawaii pays an annual dividend of $2.80 per share and has a dividend yield of 4.8%. Independent Bank pays an annual dividend of $2.28 per share and has a dividend yield of 4.5%. Bank of Hawaii pays out 72.2% of its earnings in the form of a dividend. Independent Bank pays out 44.0% 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 has increased its dividend for 1 consecutive years.
Bank of Hawaii currently has a consensus price target of $52.20, indicating a potential downside of 11.38%. Independent Bank has a consensus price target of $60.00, indicating a potential upside of 18.25%. Given Bank of Hawaii's stronger consensus rating and higher probable upside, analysts clearly believe Independent Bank is more favorable than Bank of Hawaii.
In the previous week, Independent Bank had 7 more articles in the media than Bank of Hawaii. MarketBeat recorded 11 mentions for Independent Bank and 4 mentions for Bank of Hawaii. Independent Bank's average media sentiment score of 0.59 beat Bank of Hawaii's score of 0.45 indicating that Bank of Hawaii is being referred to more favorably in the media.
Independent Bank has lower revenue, but higher earnings 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.
82.2% of Bank of Hawaii shares are owned by institutional investors. Comparatively, 83.4% of Independent Bank shares are owned by institutional investors. 2.5% of Bank of Hawaii shares are owned by insiders. Comparatively, 0.9% of Independent Bank shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Bank of Hawaii has a beta of 1.07, suggesting that its share price is 7% more volatile than the S&P 500. Comparatively, Independent Bank has a beta of 0.84, suggesting that its share price is 16% less volatile than the S&P 500.
Summary
Independent Bank beats Bank of Hawaii on 13 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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