Mark Ruggiero - Independent Bank President
| INDB Stock | USD 52.95 0.25 0.47% |
President
Mr. Mark J. Ruggiero is Senior Vice President, Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer of Independent Bank Corporationration, and Rockland Trust Co., Subsidiary of the Company, since September 6, 2013. Mr. Ruggiero was the Assistant Controller of Rockland Trust for 4 years. Mr. Ruggiero is a Certified Public Accountant who worked for Vitale, Caturano, and Company for 10 years prior to joining Rockland Trust. Mr. Ruggiero is a graduate of Bentley University. since 2019.
| Age | 47 |
| Tenure | 5 years |
| Address | 288 Union Street, Rockland, MA, United States, 02370 |
| Phone | 781 878 6100 |
| Web | https://www.rocklandtrust.com |
Mark Ruggiero Latest Insider Activity
Tracking and analyzing the buying and selling activities of Mark Ruggiero against Independent Bank stock is an integral part of due diligence when investing in Independent Bank. Mark Ruggiero insider activity provides valuable insight into whether Independent Bank is net buyers or sellers over its current business cycle. Note, Independent Bank insiders must abide by specific rules, including filing SEC forms every time they buy or sell Independent Bank'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Mark Ruggiero over two months ago Acquisition by Mark Ruggiero of 1040 shares of Independent Bank subject to Rule 16b-3 | ||
Mark Ruggiero over two months ago Acquisition by Mark Ruggiero of 500 shares of Independent Bank at 51.0859 subject to Rule 16b-3 |
Independent Bank Management Efficiency
The company has return on total asset (ROA) of 0.0117 % which means that it generated a profit of $0.0117 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0791 %, meaning that it created $0.0791 on every $100 dollars invested by stockholders. Independent Bank's management efficiency ratios could be used to measure how well Independent Bank manages its routine affairs as well as how well it operates its assets and liabilities. As of May 20, 2024, Return On Tangible Assets is expected to decline to 0.01. In addition to that, Return On Capital Employed is expected to decline to 0.03. At present, Independent Bank's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Non Current Assets Total is expected to grow to about 20.1 B, whereas Total Current Assets are forecasted to decline to about 230.5 M.Similar Executives
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Management Performance
| Return On Equity | 0.0791 | |||
| Return On Asset | 0.0117 |
Independent Bank Leadership Team
Elected by the shareholders, the Independent Bank's board of directors comprises two types of representatives: Independent Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Independent. The board's role is to monitor Independent Bank's management team and ensure that shareholders' interests are well served. Independent Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Independent Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
| CFA CFA, MD Company | ||
| Dawn Mugford, Executive Officer | ||
| Timothy Lane, Senior Auditor | ||
| Lee Powlus, Chief VP | ||
| Mark Ruggiero, Senior Vice President CFO, Principal Financial Officer and Principal Accounting Officer | ||
| Patricia Esq, Executive Counsel | ||
| Barry Jensen, CIO of Rockland Trust | ||
| David CFA, Executive Officer | ||
| Meagan Silva, Ex Assistant | ||
| Maureen Gaffney, Controller VP | ||
| Robert Cozzone, CFO, Treasurer, CFO of Rockland Trust Company and Treasurer of Rockland Trust Company | ||
| Maria Harris, Director of Human Resource of Rockland Trust | ||
| Alastair Ironside, Executive Officer | ||
| Christopher Oddleifson, CEO and President Director, Member of Executive Committee, CEO of Rockland Trust Company and President of Rockland Trust Company and Director of Rockland Trust Company | ||
| Edward Esq, Exec Counsel | ||
| Jonathan Nelson, Treasurer | ||
| James Rizzo, Executive Company | ||
| Margaret McCarthy, Executive Officer | ||
| Debra Smith, VP Company | ||
| Jeffrey Tengel, CEO President |
Independent Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Independent Bank a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.0791 | |||
| Return On Asset | 0.0117 | |||
| Profit Margin | 0.33 % | |||
| Operating Margin | 0.41 % | |||
| Current Valuation | 3.11 B | |||
| Shares Outstanding | 42.47 M | |||
| Shares Owned By Insiders | 1.13 % | |||
| Shares Owned By Institutions | 83.00 % | |||
| Number Of Shares Shorted | 933.06 K | |||
| Price To Earning | 21.94 X |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Independent Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Independent Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Independent Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Independent Bank Stock:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independent Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade Independent Stock refer to our How to Trade Independent Stock guide.Note that the Independent Bank information on this page should be used as a complementary analysis to other Independent Bank's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Independent Stock analysis
When running Independent Bank's price analysis, check to measure Independent Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independent Bank is operating at the current time. Most of Independent Bank's value examination focuses on studying past and present price action to predict the probability of Independent Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independent Bank's price. Additionally, you may evaluate how the addition of Independent Bank to your portfolios can decrease your overall portfolio volatility.
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Is Independent Bank's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Independent Bank. If investors know Independent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Independent Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.18) | Dividend Share 2.22 | Earnings Share 5.18 | Revenue Per Share 15.836 | Quarterly Revenue Growth (0.1) |
The market value of Independent Bank is measured differently than its book value, which is the value of Independent that is recorded on the company's balance sheet. Investors also form their own opinion of Independent Bank's value that differs from its market value or its book value, called intrinsic value, which is Independent Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Independent Bank's market value can be influenced by many factors that don't directly affect Independent Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Independent Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independent Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independent Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.