NASDAQ:INDB Independent Bank (INDB) Stock Price, News & Analysis $64.15 +1.15 (+1.83%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$62.47▼$64.1850-Day Range$46.43▼$64.1552-Week Range$44.63▼$68.75Volume252,888 shsAverage Volume292,819 shsMarket Capitalization$2.72 billionP/E Ratio12.38Dividend Yield3.55%Price Target$60.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Independent Bank alerts: Email Address Independent Bank MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside6.5% Downside$60.00 Price TargetShort InterestHealthy1.42% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.97Based on 18 Articles This WeekInsider TradingN/AProj. Earnings Growth9.47%From $4.75 to $5.20 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.93 out of 5 starsFinance Sector266th out of 898 stocksState Commercial Banks Industry46th out of 181 stocks 1.5 Analyst's Opinion Consensus RatingIndependent Bank has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageIndependent Bank has only been the subject of 1 research reports in the past 90 days.Read more about Independent Bank's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.42% of the outstanding shares of Independent Bank have been sold short.Short Interest Ratio / Days to CoverIndependent Bank has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Independent Bank has recently increased by 2.59%, indicating that investor sentiment is decreasing. Previous Next 5.0 Dividend Strength Dividend LeadershipIndependent Bank is a leading dividend payer. It pays a dividend yield of 3.67%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthIndependent Bank has been increasing its dividend for 14 years.Dividend CoverageThe dividend payout ratio of Independent Bank is 44.02%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Independent Bank will have a dividend payout ratio of 43.85% next year. This indicates that Independent Bank will be able to sustain or increase its dividend.Read more about Independent Bank's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for INDB. Previous Next 3.9 News and Social Media Coverage News SentimentIndependent Bank has a news sentiment score of 0.97. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 18 news articles for Independent Bank this week, compared to 3 articles on an average week.Search Interest1 people have searched for INDB on MarketBeat in the last 30 days. MarketBeat Follows5 people have added Independent Bank to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Independent Bank insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.87% of the stock of Independent Bank is held by insiders.Percentage Held by Institutions83.40% of the stock of Independent Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Independent Bank's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Independent Bank are expected to grow by 9.47% in the coming year, from $4.75 to $5.20 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independent Bank is 12.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.60.Price to Earnings Ratio vs. SectorThe P/E ratio of Independent Bank is 12.38, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.30.Price to Book Value per Share RatioIndependent Bank has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Independent Bank's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto Swap Profits625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.>> Dive into the Workshop Here About Independent Bank Stock (NASDAQ:INDB)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 in the United States. The company provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines. In addition, the company provides cash management services, such as ACH transaction processing, positive pay, and remote deposit services; investment management and trust services to individuals, institutions, small businesses, and charitable institutions; mobile, online, and telephone banking; estate settlement, financial planning, tax services, and other services; automated teller machines; debit and credit cards; and mutual fund and unit investment trust shares, third party model portfolios, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. Further, it invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and operates as an investment advisor. Independent Bank Corp. was founded in 1907 and is headquartered in Rockland, Massachusetts.Read More INDB Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart INDB Stock News HeadlinesJuly 26 at 1:55 AM | americanbankingnews.comIndependent Bank Corp. to Post Q3 2024 Earnings of $1.17 Per Share, Seaport Res Ptn Forecasts (NASDAQ:INDB)July 25 at 2:32 AM | americanbankingnews.comQ2 2025 EPS Estimates for Independent Bank Corp. (NASDAQ:INDB) Lifted by Seaport Res PtnJuly 27, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.July 24 at 12:03 PM | americanbankingnews.comIndependent Bank (NASDAQ:INDB) Upgraded by Seaport Res Ptn to "Strong-Buy"July 22, 2024 | markets.businessinsider.comKBW Gives a Hold Rating to Independent Bank (INDB)July 22, 2024 | msn.comIndependent Bank Corp. (NASDAQ:INDB) Q2 2024 Earnings Call TranscriptJuly 21, 2024 | americanbankingnews.comIndependent Bank (NASDAQ:INDB) Issues Quarterly Earnings ResultsJuly 20, 2024 | americanbankingnews.comIndependent Bank (NASDAQ:INDB) Shares Gap Up on Earnings BeatJuly 27, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.July 20, 2024 | finance.yahoo.comIndependent Bank Corp. Reports Second Quarter Net Income of $51.3 MillionJuly 18, 2024 | investorplace.comINDB Stock Earnings: Independent Bank Beats EPS, Beats Revenue for Q2 2024June 20, 2024 | businesswire.comIndependent Bank Corp. Announces Quarterly DividendMay 30, 2024 | seekingalpha.comIndependent Bank: Just Worth ConsideringMay 25, 2024 | nasdaq.comIndependent Bank (INDB) Shares Cross Above 200 DMAMay 20, 2024 | msn.comMcKinney-based Independent Bank Group acquired in $2 billion dealMay 20, 2024 | msn.comSouthState to acquire Independent Bank Group in $2B stock dealMay 20, 2024 | msn.comRegional lender SouthState to buy Independent Bank for about $2 billionMay 20, 2024 | msn.comTexas-based Independent Bank to be bought for $2 billion by Florida’s SouthStateSee More Headlines Receive INDB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Independent Bank and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 7/8 Dividend7/01/2024Dividend Payable7/08/2024Last Earnings7/18/2024Today7/26/2024Next Earnings (Estimated)10/17/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry State commercial banks Sub-IndustryRegional Banks Current SymbolNASDAQ:INDB CUSIP45383610 CIK776901 Webwww.rocklandtrust.com Phone(781) 878-6100Fax781-982-6130Employees1,787Year Founded1864Price Target and Rating Average Stock Price Target$60.00 High Stock Price Target$60.00 Low Stock Price Target$60.00 Potential Upside/Downside-5.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$5.18 Trailing P/E Ratio12.27 Forward P/E Ratio13.38 P/E GrowthN/ANet Income$239.50 million Net Margins22.42% Pretax Margin29.23% Return on Equity7.41% Return on Assets1.11% Debt Debt-to-Equity Ratio0.24 Current Ratio0.95 Quick Ratio0.95 Sales & Book Value Annual Sales$920.34 million Price / Sales2.93 Cash Flow$6.43 per share Price / Cash Flow9.88 Book Value$68.74 per share Price / Book0.92Miscellaneous Outstanding Shares42,470,000Free Float42,097,000Market Cap$2.70 billion OptionableOptionable Beta0.77 Social Links The Best High-Yield Dividend Stocks for 2024Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMr. Jeffrey J. Tengel (Age 61)President, CEO & Director Comp: $3.2MMr. Mark J. Ruggiero (Age 47)Chief Financial Officer Comp: $1.02MMs. Maria S. Harris (Age 53)Executive VP & Chief Human Resource Officer of Rockland Trust Company Comp: $611.88kMr. James Rizzo (Age 61)Executive VP & Chief Commercial Banking Officer of Rockland Trust Company Comp: $582.16kMr. David Byron Smith C.F.A.Executive VP & Chief Investment OfficerMs. Maureen A. Gaffney (Age 45)Senior VP, Controller & Principal Accounting Officer Ms. Patricia M. Natale Esq. (Age 58)Executive VP & General Counsel Mr. Alastair IronsideExecutive VP & Chief Marketing OfficerTimothy C. LaneSenior VP & Chief Internal AuditorMs. Dawn A. Mugford (Age 53)Executive VP & Chief Risk Officer More ExecutivesKey CompetitorsIBERIABANKNASDAQ:IBKCHilltopNYSE:HTHAssociated BancNYSE:ASBAtlantic Union BanksharesNASDAQ:AUBFirst HorizonNYSE:FHNView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpSold 33,992 shares on 7/26/2024Ownership: 1.123%Legato Capital Management LLCSold 1,054 shares on 7/26/2024Ownership: 0.028%Aries Wealth ManagementBought 232 shares on 7/25/2024Ownership: 0.038%Louisiana State Employees Retirement SystemBought 200 shares on 7/24/2024Ownership: 0.050%Hennessy Advisors Inc.Bought 6,000 shares on 7/23/2024Ownership: 0.082%View All Insider TransactionsView All Institutional Transactions INDB Stock Analysis - Frequently Asked Questions How have INDB shares performed this year? Independent Bank's stock was trading at $65.81 on January 1st, 2024. Since then, INDB stock has decreased by 2.5% and is now trading at $64.15. View the best growth stocks for 2024 here. How were Independent Bank's earnings last quarter? Independent Bank Corp. (NASDAQ:INDB) posted its earnings results on Thursday, July, 18th. The bank reported $1.21 EPS for the quarter, beating the consensus estimate of $1.11 by $0.10. The bank had revenue of $244.19 million for the quarter, compared to analysts' expectations of $169.07 million. Independent Bank had a trailing twelve-month return on equity of 7.41% and a net margin of 22.42%. Who are Independent Bank's major shareholders? Top institutional investors of Independent Bank include Rockland Trust Co. (1.74%), Boston Trust Walden Corp (1.50%), Bank of New York Mellon Corp (1.12%) and Leeward Investments LLC MA (0.62%). Insiders that own company stock include Christopher Oddleifson, Barry H Jensen, Robert D Cozzone, Jeffrey J Tengel, Eileen C Miskell, Donna L Abelli, John J Morrissey, Mark J Ruggiero, Edward H Seksay, Scott Smith, Lee C Powlus and Gerard F Nadeau. View institutional ownership trends. How do I buy shares of Independent Bank? Shares of INDB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Independent Bank own? Based on aggregate information from My MarketBeat watchlists, some other companies that Independent Bank investors own include Energy Transfer (ET), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), Martin Midstream Partners (MMLP), SandRidge Permian Trust (PER), AT&T (T) and Cornerstone Strategic Value Fund (CLM). This page (NASDAQ:INDB) was last updated on 7/27/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. 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