NASDAQ:INDB

Independent Bank Stock Forecast, Price & News

$71.53
+1.20 (+1.71 %)
(As of 09/17/2021 12:00 AM ET)
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Today's Range
$69.98
$71.64
50-Day Range
$68.70
$78.40
52-Week Range
$49.25
$99.85
Volume492,560 shs
Average Volume177,933 shs
Market Capitalization$2.36 billion
P/E Ratio15.86
Dividend Yield2.73%
Beta0.97
30 days | 90 days | 365 days | Advanced Chart
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Independent Bank logo

About Independent Bank

Independent Bank Corp. operates as a bank holding company. The company provides commercial banking, retail banking, and wealth management services and is engaged in sale of retail investments and insurance products in Massachusetts. It offers deposit products, including demand deposits, interest checking, money market accounts, savings accounts and time certificates of deposit. The company provides real estate loans, which include commercial mortgages that are secured by non-residential properties; residential mortgages that are secured primarily by owner-occupied residences; and mortgages for the construction of commercial and residential properties. Independent Bank was founded in 1985 and is headquartered in Rockland, MA.

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MarketRank

Overall MarketRank

2.40 out of 5 stars

Finance Sector

287th out of 1,330 stocks

State Commercial Banks Industry

63rd out of 232 stocks

Analyst Opinion: 2.5Community Rank: 3.9Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -
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Independent Bank (NASDAQ:INDB) Frequently Asked Questions

Is Independent Bank a buy right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Independent Bank stock.
View analyst ratings for Independent Bank
or view top-rated stocks.

What stocks does MarketBeat like better than Independent Bank?

Wall Street analysts have given Independent Bank a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Independent Bank wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Independent Bank?

Independent Bank saw a decline in short interest during the month of August. As of August 13th, there was short interest totaling 1,690,000 shares, a decline of 21.0% from the July 29th total of 2,140,000 shares. Based on an average daily volume of 196,300 shares, the short-interest ratio is presently 8.6 days.
View Independent Bank's Short Interest
.

When is Independent Bank's next earnings date?

Independent Bank is scheduled to release its next quarterly earnings announcement on Thursday, October 28th 2021.
View our earnings forecast for Independent Bank
.

How were Independent Bank's earnings last quarter?

Independent Bank Corp. (NASDAQ:INDB) posted its earnings results on Wednesday, July, 21st. The bank reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.09. The bank had revenue of $118.32 million for the quarter, compared to the consensus estimate of $118.43 million. Independent Bank had a net margin of 29.87% and a trailing twelve-month return on equity of 8.79%.
View Independent Bank's earnings history
.

How has Independent Bank's stock price been impacted by Coronavirus?

Independent Bank's stock was trading at $59.36 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, INDB shares have increased by 20.5% and is now trading at $71.53.
View which stocks have been most impacted by COVID-19
.

How often does Independent Bank pay dividends? What is the dividend yield for Independent Bank?

Independent Bank declared a quarterly dividend on Saturday, September 18th. Investors of record on Monday, September 27th will be paid a dividend of $0.48 per share on Friday, October 8th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Friday, September 24th.
View Independent Bank's dividend history
.

Is Independent Bank a good dividend stock?

Independent Bank pays an annual dividend of $1.92 per share and currently has a dividend yield of 2.73%. The dividend payout ratio of Independent Bank is 52.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Independent Bank will have a dividend payout ratio of 40.51% next year. This indicates that Independent Bank will be able to sustain or increase its dividend.
View Independent Bank's dividend history.

What price target have analysts set for INDB?

3 equities research analysts have issued 12 month price targets for Independent Bank's stock. Their forecasts range from $70.00 to $94.00. On average, they expect Independent Bank's share price to reach $84.67 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price.
View analysts' price targets for Independent Bank
or view top-rated stocks among Wall Street analysts.

Who are Independent Bank's key executives?

Independent Bank's management team includes the following people:
  • Christopher Oddleifson, President, Chief Executive Officer & Director
  • Robert D. Cozzone, Chief Operating Officer & Executive Vice President
  • Mark J. Ruggiero, Chief Financial & Accounting Officer
  • Barry H. Jensen, Chief Technology Officer
  • Edward H. Seksay, Chief Risk Officer, Executive VP & General Counsel

Who are some of Independent Bank's key competitors?

What other stocks do shareholders of Independent Bank own?

What is Independent Bank's stock symbol?

Independent Bank trades on the NASDAQ under the ticker symbol "INDB."

Who are Independent Bank's major shareholders?

Independent Bank's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.75%), Vanguard Group Inc. (10.92%), State Street Corp (5.45%), Victory Capital Management Inc. (5.41%), Silvercrest Asset Management Group LLC (4.61%) and Champlain Investment Partners LLC (4.59%). Company insiders that own Independent Bank stock include Christopher Oddleifson, Daniel F Obrien, Donna L Abelli, Edward H Seksay, Eileen C Miskell, Gerard F Nadeau, Mark J Ruggiero, Robert D Cozzone, Thomas R Venables and William M Parent.
View institutional ownership trends for Independent Bank
.

Which institutional investors are selling Independent Bank stock?

INDB stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., JPMorgan Chase & Co., Vanguard Group Inc., First Trust Advisors LP, New York State Common Retirement Fund, Dimensional Fund Advisors LP, Morgan Stanley, and Morgan Stanley. Company insiders that have sold Independent Bank company stock in the last year include Edward H Seksay, Eileen C Miskell, and Robert D Cozzone.
View insider buying and selling activity for Independent Bank
or view top insider-selling stocks.

Which institutional investors are buying Independent Bank stock?

INDB stock was purchased by a variety of institutional investors in the last quarter, including American Century Companies Inc., Victory Capital Management Inc., State Street Corp, Champlain Investment Partners LLC, Millennium Management LLC, ProShare Advisors LLC, Renaissance Technologies LLC, and Palisade Capital Management LLC NJ.
View insider buying and selling activity for Independent Bank
or or view top insider-buying stocks.

How do I buy shares of Independent Bank?

Shares of INDB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Independent Bank's stock price today?

One share of INDB stock can currently be purchased for approximately $71.53.

How much money does Independent Bank make?

Independent Bank has a market capitalization of $2.36 billion and generates $513.51 million in revenue each year. The bank earns $121.17 million in net income (profit) each year or $3.66 on an earnings per share basis.

How many employees does Independent Bank have?

Independent Bank employs 1,432 workers across the globe.

When was Independent Bank founded?

Independent Bank was founded in 1864.

What is Independent Bank's official website?

The official website for Independent Bank is www.rocklandtrust.com.

Where are Independent Bank's headquarters?

Independent Bank is headquartered at 2036 WASHINGTON STREET, HANOVER MA, 02370.

How can I contact Independent Bank?

Independent Bank's mailing address is 2036 WASHINGTON STREET, HANOVER MA, 02370. The bank can be reached via phone at (781) 878-6100 or via email at [email protected].


This page was last updated on 9/19/2021 by MarketBeat.com Staff
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