IBCP vs. TRST, CATC, HBNC, EQBK, CPF, HTBK, FSBC, MSBI, CCB, and MCBC
Should you be buying Independent Bank stock or one of its competitors? The main competitors of Independent Bank include TrustCo Bank Corp NY (TRST), Cambridge Bancorp (CATC), Horizon Bancorp (HBNC), Equity Bancshares (EQBK), Central Pacific Financial (CPF), Heritage Commerce (HTBK), Five Star Bancorp (FSBC), Midland States Bancorp (MSBI), Coastal Financial (CCB), and Macatawa Bank (MCBC). These companies are all part of the "state commercial banks" industry.
TrustCo Bank Corp NY (NASDAQ:TRST) and Independent Bank (NASDAQ:IBCP) are both small-cap finance companies, but which is the better business? We will contrast the two companies based on the strength of their media sentiment, institutional ownership, risk, earnings, profitability, community ranking, dividends, valuation and analyst recommendations.
In the previous week, TrustCo Bank Corp NY had 4 more articles in the media than Independent Bank. MarketBeat recorded 7 mentions for TrustCo Bank Corp NY and 3 mentions for Independent Bank. TrustCo Bank Corp NY's average media sentiment score of 1.59 beat Independent Bank's score of 0.89 indicating that Independent Bank is being referred to more favorably in the news media.
TrustCo Bank Corp NY pays an annual dividend of $1.44 per share and has a dividend yield of 5.2%. Independent Bank pays an annual dividend of $0.96 per share and has a dividend yield of 3.8%. TrustCo Bank Corp NY pays out 51.6% of its earnings in the form of a dividend. Independent Bank pays out 32.7% 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. TrustCo Bank Corp NY has raised its dividend for 3 consecutive years and Independent Bank has raised its dividend for 10 consecutive years.
68.6% of TrustCo Bank Corp NY shares are held by institutional investors. Comparatively, 79.4% of Independent Bank shares are held by institutional investors. 3.3% of TrustCo Bank Corp NY shares are held by insiders. Comparatively, 5.5% of Independent Bank shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
Independent Bank received 54 more outperform votes than TrustCo Bank Corp NY when rated by MarketBeat users. Likewise, 55.15% of users gave Independent Bank an outperform vote while only 53.94% of users gave TrustCo Bank Corp NY an outperform vote.
Independent Bank has higher revenue and earnings than TrustCo Bank Corp NY. Independent Bank is trading at a lower price-to-earnings ratio than TrustCo Bank Corp NY, indicating that it is currently the more affordable of the two stocks.
TrustCo Bank Corp NY has a net margin of 21.17% compared to TrustCo Bank Corp NY's net margin of 20.45%. TrustCo Bank Corp NY's return on equity of 16.55% beat Independent Bank's return on equity.
TrustCo Bank Corp NY has a beta of 0.84, indicating that its share price is 16% less volatile than the S&P 500. Comparatively, Independent Bank has a beta of 0.97, indicating that its share price is 3% less volatile than the S&P 500.
Independent Bank has a consensus price target of $28.00, suggesting a potential upside of 11.73%. Given TrustCo Bank Corp NY's higher probable upside, analysts plainly believe Independent Bank is more favorable than TrustCo Bank Corp NY.
Summary
Independent Bank beats TrustCo Bank Corp NY on 14 of the 19 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding IBCP 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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