Two Value Stocks to Sell: Independent Bank and Ladder Capital

Independent Bank Corp. (INDB) and Ladder Capital (LADR) are two value stocks trading at discounts to their intrinsic value. However, INDB's slow revenue growth, declining earnings, and below-average tangible book value per share growth make it a value trap. LADR's end-market challenges, contracting EPS, and stagnant tangible book value per share also raise concerns. As a result, we recommend selling these stocks.