NASDAQ:INDB - Independent Bank Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $82.56 +1.82 (+2.25 %) (As of 02/19/2019 06:36 AM ET)Previous Close$80.74Today's Range$80.5090 - $82.7652-Week Range$66.12 - $95.00Volume80,272 shsAverage Volume114,265 shsMarket Capitalization$2.32 billionP/E Ratio17.60Dividend Yield1.88%Beta1.05 ProfileDiscussionAnalyst RatingsChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. The company's products and services include demand deposits and time certificates of deposit, as well as checking, money market, and savings accounts. Its loan portfolio includes commercial loans, such as commercial and industrial, asset-based, commercial real estate, commercial construction, and small business loans; consumer real estate loans, including residential mortgages, home equity loans, and loans for the construction of residential properties; and other consumer loans, such as personal loans. The company's commercial and industrial loans cover loans for working capital, other business-related purposes, and floor plan financing; asset-based loans consist primarily of revolving lines of credit and term loans; commercial real estate loans include commercial mortgages for construction purposes that are secured by nonresidential properties, multifamily properties, or one-to-four family rental properties; and small business loans comprise businesses with commercial credit needs. It also provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as automated teller machine cards and debit cards; and mutual fund shares, unit investment trust shares, general securities, fixed and variable annuities, and life insurance. The company operates through 84 full service and 2 limited service retail branches, 13 commercial banking centers, 6 investment management offices, and 1 mortgage lending center in Eastern Massachusetts; and an investment management group/commercial lending office in Rhode Island. Independent Bank Corp. was founded in 1907 and is headquartered in Rockland, Massachusetts. Receive INDB News and Ratings via Email Sign-up to receive the latest news and ratings for INDB and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:INDB Previous Symbol CUSIP45383610 Webwww.rocklandtrust.com Phone781-878-6100Debt Debt-to-Equity Ratio0.24 Current Ratio0.96 Quick Ratio0.96Price-To-Earnings Trailing P/E Ratio17.60 Forward P/E Ratio14.80 P/E GrowthN/A Sales & Book Value Annual Sales$412.21 million Price / Sales5.62 Cash Flow$3.9711 per share Price / Cash Flow20.79 Book Value$38.23 per share Price / Book2.16Profitability EPS (Most Recent Fiscal Year)$4.69 Net Income$121.62 million Net Margins29.50% Return on Equity12.96% Return on Assets1.54%Miscellaneous Employees1,108 Outstanding Shares28,080,000Market Cap$2.32 billion OptionableOptionable Independent Bank (NASDAQ:INDB) Frequently Asked Questions What is Independent Bank's stock symbol? Independent Bank trades on the NASDAQ under the ticker symbol "INDB." How often does Independent Bank pay dividends? What is the dividend yield for Independent Bank? Independent Bank announced a quarterly dividend on Friday, December 14th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.38 per share on Friday, January 11th. This represents a $1.52 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Monday, December 30th. View Independent Bank's Dividend History. How were Independent Bank's earnings last quarter? Independent Bank Corp (NASDAQ:INDB) issued its quarterly earnings results on Thursday, October, 18th. The bank reported $1.14 EPS for the quarter, missing analysts' consensus estimates of $1.20 by $0.06. The bank earned $99.50 million during the quarter, compared to analyst estimates of $99.40 million. Independent Bank had a net margin of 29.50% and a return on equity of 12.96%. View Independent Bank's Earnings History. When is Independent Bank's next earnings date? Independent Bank is scheduled to release their next quarterly earnings announcement on Thursday, April 18th 2019. View Earnings Estimates for Independent Bank. What price target have analysts set for INDB? 4 brokerages have issued 1-year price targets for Independent Bank's shares. Their forecasts range from $80.00 to $88.00. On average, they expect Independent Bank's share price to reach $84.00 in the next year. This suggests a possible upside of 1.7% from the stock's current price. View Analyst Price Targets for Independent Bank. What is the consensus analysts' recommendation for Independent Bank? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Independent Bank. Has Independent Bank been receiving favorable news coverage? News stories about INDB stock have trended very positive on Tuesday, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Independent Bank earned a news sentiment score of 3.3 on InfoTrie's scale. They also gave news articles about the bank a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near term. Who are some of Independent Bank's key competitors? Some companies that are related to Independent Bank include East West Bancorp (EWBC), Signature Bank (SBNY), Commerce Bancshares (CBSH), Popular (BPOP), Prosperity Bancshares (PB), First Citizens BancShares (FCNCA), Western Alliance Bancorporation (WAL), Investors Bancorp (ISBC), First Financial Bankshares (FFIN), IBERIABANK (IBKC), Bank Ozk (OZK), Wintrust Financial (WTFC), United Bankshares (UBSI), Associated Banc (ASB) and First Hawaiian (FHB). Who are Independent Bank's key executives? Independent Bank's management team includes the folowing people: Mr. Christopher Oddleifson, CEO, Pres & Director (Age 60)Mr. Robert D. Cozzone, Chief Financial Officer (Age 48)Mr. Barry H. Jensen, Chief Information Officer, CTO & COO (Age 54)Mr. Edward H. Seksay, Gen. Counsel & Corp. Sec. (Age 61)Mr. Mark J. Ruggiero, Sr. VP, Controller & Principal Accounting Officer (Age 42) Who are Independent Bank's major shareholders? Independent Bank's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.35%), Dimensional Fund Advisors LP (4.39%), Northern Trust Corp (2.69%), Victory Capital Management Inc. (2.59%), Macquarie Group Ltd. (2.11%) and Rockland Trust Co. (2.12%). Company insiders that own Independent Bank stock include Carl Ribeiro, Christopher Oddleifson, Daniel F Obrien, Donna L Abelli, Edward H Seksay, Eileen C Miskell, Gerard F Nadeau, Kevin J Jones, Mark J Ruggiero, Maurice H Sullivan Jr, Robert D Cozzone and Thomas R Venables. 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 WINTON GROUP Ltd, Prudential PLC, Barclays PLC, First Trust Advisors LP, Millennium Management LLC, Bank of New York Mellon Corp, New England Research & Management Inc. and GSA Capital Partners LLP. Company insiders that have sold Independent Bank company stock in the last year include Carl Ribeiro, Christopher Oddleifson, Daniel F Obrien, Edward H Seksay, Eileen C Miskell, Gerard F Nadeau, Kevin J Jones, Mark J Ruggiero, Robert D Cozzone and Thomas R Venables. View Insider Buying and Selling for Independent Bank. Which institutional investors are buying Independent Bank stock? INDB stock was bought by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., BlackRock Inc., Bank of America Corp DE, 361 Capital LLC, Rockland Trust Co., Geode Capital Management LLC, BTIM Corp. and Rhumbline Advisers. View Insider Buying and Selling for Independent Bank. 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab. What is Independent Bank's stock price today? One share of INDB stock can currently be purchased for approximately $82.56. How big of a company is Independent Bank? Independent Bank has a market capitalization of $2.32 billion and generates $412.21 million in revenue each year. The bank earns $121.62 million in net income (profit) each year or $4.69 on an earnings per share basis. Independent Bank employs 1,108 workers across the globe. What is Independent Bank's official website? The official website for Independent Bank is http://www.rocklandtrust.com. 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] MarketBeat Community Rating for Independent Bank (NASDAQ INDB)Community Ranking: 2.0 out of 5 ( )Outperform Votes: 301 (Vote Outperform)Underperform Votes: 437 (Vote Underperform)Total Votes: 738MarketBeat's community ratings are surveys of what our community members think about Independent Bank and other stocks. Vote "Outperform" if you believe INDB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe INDB will underperform the S&P 500 over the long term. You may vote once every thirty days. This page was last updated on 2/19/2019 by MarketBeat.com StaffFeatured Article: What are retained earnings?