Independent Bank Stock Price, News & Analysis (NASDAQ:INDB) $61.60 +0.54 (+0.88%) (As of 12/8/2023 ET) Add Compare Share Share Today's Range$59.54▼$62.0850-Day Range$45.44▼$61.6052-Week Range$43.28▼$90.31Volume137,585 shsAverage Volume205,284 shsMarket Capitalization$2.70 billionP/E Ratio10.53Dividend Yield3.57%Price Target$76.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Independent Bank MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside23.4% Upside$76.00 Price TargetShort InterestHealthy1.87% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment1.30Based on 2 Articles This WeekInsider TradingAcquiring Shares$126,312 Bought Last QuarterProj. Earnings Growth-12.78%From $5.40 to $4.71 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.67 out of 5 starsFinance Sector112th out of 828 stocksState Commercial Banks Industry16th out of 172 stocks 2.0 Analyst's Opinion Consensus RatingIndependent Bank has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $76.00, Independent Bank has a forecasted upside of 23.4% from its current price of $61.60.Amount of Analyst CoverageIndependent Bank has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.87% 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 3.7, 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 7.46%, indicating that investor sentiment is decreasing significantly. Previous Next 5.0 Dividend Strength Dividend LeadershipIndependent Bank is a leading dividend payer. It pays a dividend yield of 3.60%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthIndependent Bank has been increasing its dividend for 12 years.Dividend CoverageThe dividend payout ratio of Independent Bank is 37.61%. 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 46.71% next year. This indicates that Independent Bank will be able to sustain or increase its 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 2.9 News and Social Media Coverage News SentimentIndependent Bank has a news sentiment score of 1.30. 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 0.62 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Independent Bank this week, compared to 2 articles on an average week.MarketBeat Follows4 people have added Independent Bank to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Independent Bank insiders have bought 15.69% more of their company's stock than they have sold. Specifically, they have bought $126,312.00 in company stock and sold $109,180.00 in company stock.Percentage Held by InsidersOnly 0.87% of the stock of Independent Bank is held by insiders.Percentage Held by Institutions80.16% of the stock of Independent Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Independent Bank are expected to decrease by -12.78% in the coming year, from $5.40 to $4.71 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Independent Bank is 10.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.23.Price to Earnings Ratio vs. SectorThe P/E ratio of Independent Bank is 10.53, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 35.62.Price to Book Value per Share RatioIndependent Bank has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks 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 primarily in Massachusetts. It accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company also offers commercial and industrial, commercial real estate and construction, small business, and consumer real estate. In addition, it provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products, as well as advisory platforms. The company 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 HeadlinesDecember 7, 2023 | msn.comBank Independent helping make holiday wishes come true through toy driveDecember 4, 2023 | americanbankingnews.comShort Interest in Independent Bank Corp. (NASDAQ:INDB) Rises By 7.5%December 10, 2023 | Autonomix (Ad)[Investor Alert] Potential Breakthrough Medical Tech Investment OpportunityAutonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.comNovember 29, 2023 | finance.yahoo.comZebra Technologies' (ZBRA) Solution Chosen by Rockland TrustNovember 6, 2023 | finance.yahoo.comIndependent Bank Corp. CEO Jeffrey Tengel and CFO Mark J. Ruggiero to Participate in the 2023 Piper Sandler East Coast Financial Services ConferenceNovember 5, 2023 | morningstar.comIndependent Bank Corp INDB Stock QuoteNovember 1, 2023 | benzinga.comIndependent Bank Insider Trades Send a SignalNovember 1, 2023 | finance.yahoo.comInsider Buying: CEO Jeffrey Tengel Acquires 2,100 Shares of Independent Bank CorpDecember 10, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.October 26, 2023 | seekingalpha.comIndependent Bank: Slump Continues Despite Q3 Above ExpectationsOctober 24, 2023 | msn.comSeaport Global Upgrades Independent Bank (INDB)October 23, 2023 | msn.comIndependent Bank stock rises after upgrade to Neutral at SeaportOctober 23, 2023 | finance.yahoo.comIndependent Bank Corp. (NASDAQ:INDB) Q3 2023 Earnings Call TranscriptOctober 22, 2023 | finance.yahoo.comIndependent Bank Corp (INDB) Announces Q3 2023 Earnings, Reports Net Income of $60.8 MillionOctober 21, 2023 | finance.yahoo.comQ3 2023 Independent Bank Corp (Massachusetts) Earnings CallOctober 20, 2023 | seekingalpha.comIndependent Bank Corp. 2023 Q3 - Results - Earnings Call PresentationOctober 20, 2023 | seekingalpha.comIndependent Bank Corp. (INDB) Q3 2023 Earnings Conference Call TranscriptOctober 19, 2023 | msn.comIndependent Bank Corp. (INDB) Q3 Earnings: Taking a Look at Key Metrics Versus EstimatesOctober 19, 2023 | finance.yahoo.comIndependent Bank Corp. Reports Third Quarter Net Income of $60.8 MillionOctober 19, 2023 | finance.yahoo.comIndependent Bank Corp. (INDB) Q3 Earnings and Revenues Surpass EstimatesOctober 19, 2023 | msn.comNasdaq Futures Climb on Upbeat Netflix Results, Powell Speech in FocusSeptember 29, 2023 | finance.yahoo.comIndependent Bank Corp (INDB): A Deep Dive into its Dividend PerformanceSeptember 28, 2023 | msn.comIndependent Bank robbed in Midtown, police searching for suspectsSeptember 24, 2023 | msn.comIndependent Bank (INDB) Declares $0.55 DividendSeptember 18, 2023 | finance.yahoo.comRockland Trust names Lee Powlus as new executive to lead tech expansionSeptember 13, 2023 | msn.comSeaport Global Initiates Coverage of Independent Bank (INDB) with Sell RecommendationSeptember 10, 2023 | msn.comStandard Bank pushes to close Indy’s banking accounts despite editors’ pleaSee 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 10/6 Dividend9/29/2023Dividend Payable10/06/2023Last Earnings10/19/2023Today12/10/2023Fiscal Year End12/31/2023Next Earnings (Estimated)1/18/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:INDB CUSIP45383610 CIK776901 Webwww.rocklandtrust.com Phone(781) 878-6100Fax781-982-6130Employees1,739Year Founded1864Price Target and Rating Average Stock Price Target$76.00 High Stock Price Target$80.00 Low Stock Price Target$72.00 Potential Upside/Downside+23.4%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$5.85 Trailing P/E Ratio10.53 Forward P/E Ratio11.41 P/E GrowthN/ANet Income$263.81 million Net Margins29.16% Pretax Margin38.38% Return on Equity9.14% Return on Assets1.35% Debt Debt-to-Equity Ratio0.35 Current Ratio0.95 Quick Ratio0.95 Sales & Book Value Annual Sales$757.51 million Price / Sales3.57 Cash Flow$6.80 per share Price / Cash Flow9.06 Book Value$63.25 per share Price / Book0.97Miscellaneous Outstanding Shares43,850,000Free Float43,471,000Market Cap$2.70 billion OptionableOptionable Beta0.89 Social Links 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.Get This Free Report Key ExecutivesMr. Mark J. Ruggiero (Age 46)CFO & Executive VP of Consumer Lending Comp: $928.76kMr. Jeffrey J. Tengel (Age 60)President, CEO & Director Mr. Lee C. Powlus (Age 62)Executive VP, Chief Technology & Operations Officer Mr. David Byron Smith C.F.A.Executive VP & Chief Investment OfficerMs. Maureen A. Gaffney (Age 44)Senior VP, Controller & Principal Accounting Officer Ms. Patricia M. Natale Esq.Executive VP & General CounselMr. Alastair IronsideExecutive VP & Chief Marketing OfficerMs. Maria S. Harris (Age 52)Executive VP & Chief Human Resource Officer Timothy C. LaneSenior VP & Chief Internal AuditorMs. Dawn A. MugfordExecutive VP & Chief Risk OfficerMore ExecutivesKey CompetitorsCVB FinancialNASDAQ:CVBFBank of HawaiiNYSE:BOHTexas Capital BancsharesNASDAQ:TCBIFirst BanCorp.NYSE:FBPCathay General BancorpNASDAQ:CATYView All CompetitorsInsiders & InstitutionsCitigroup Inc.Sold 30,458 shares on 12/6/2023Ownership: 0.075%American Century Companies Inc.Bought 37,525 shares on 11/30/2023Ownership: 0.159%Deutsche Bank AGSold 139,543 shares on 11/24/2023Ownership: 0.050%Public Sector Pension Investment BoardSold 23,773 shares on 11/22/2023Ownership: 0.124%Comerica BankBought 3,048 shares on 11/21/2023Ownership: 0.049%View All Insider TransactionsView All Institutional Transactions INDB Stock Analysis - Frequently Asked Questions Should I buy or sell Independent Bank stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" INDB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INDB, but not buy additional shares or sell existing shares. View INDB analyst ratings or view top-rated stocks. What is Independent Bank's stock price target for 2024? 3 equities research analysts have issued 1-year price targets for Independent Bank's shares. Their INDB share price targets range from $72.00 to $80.00. On average, they expect the company's stock price to reach $76.00 in the next year. This suggests a possible upside of 23.4% from the stock's current price. View analysts price targets for INDB or view top-rated stocks among Wall Street analysts. How have INDB shares performed in 2023? Independent Bank's stock was trading at $84.43 at the beginning of 2023. Since then, INDB stock has decreased by 27.0% and is now trading at $61.60. View the best growth stocks for 2023 here. Are investors shorting Independent Bank? Independent Bank saw a increase in short interest in November. As of November 15th, there was short interest totaling 820,700 shares, an increase of 7.5% from the October 31st total of 763,700 shares. Based on an average trading volume of 222,600 shares, the short-interest ratio is presently 3.7 days. View Independent Bank's Short Interest. When is Independent Bank's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, January 18th 2024. View our INDB earnings forecast. How were Independent Bank's earnings last quarter? Independent Bank Corp. (NASDAQ:INDB) announced its earnings results on Thursday, October, 19th. The bank reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.05. The bank earned $183.42 million during the quarter, compared to the consensus estimate of $179.19 million. Independent Bank had a trailing twelve-month return on equity of 9.14% and a net margin of 29.16%. How often does Independent Bank pay dividends? What is the dividend yield for Independent Bank? Independent Bank announced a quarterly dividend on Thursday, September 21st. Shareholders of record on Monday, October 2nd will be given a dividend of $0.55 per share on Friday, October 6th. This represents a $2.20 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Friday, September 29th. Read our dividend analysis for INDB. Is Independent Bank a good dividend stock? Independent Bank (NASDAQ:INDB) pays an annual dividend of $2.20 per share and currently has a dividend yield of 3.60%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 37.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INDB will have a dividend payout ratio of 46.71% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for INDB. What ETFs hold Independent Bank's stock? ETFs with the largest weight of Independent Bank (NASDAQ:INDB) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), First Trust NASDAQ ABA Community Bank Index Fund (QABA), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Financials ETF (PSCF), First Trust Mid Cap Value AlphaDEX Fund (FNK), First Trust Nasdaq Bank ETF (FTXO) and First Trust Mid Cap Core AlphaDEX Fund (FNX). What other stocks do shareholders of Independent Bank own? Based on aggregate information from My MarketBeat watchlists, some companies that other 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), Cornerstone Strategic Value Fund (CLM), NGL Energy Partners (NGL), Owens Corning (OC) and Pfizer (PFE). Who are Independent Bank's major shareholders? Independent Bank's stock is owned by many different retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (4.32%), Nuance Investments LLC (3.79%), Northern Trust Corp (1.54%), Rockland Trust Co. (1.48%), Morgan Stanley (1.27%) and Ameriprise Financial Inc. (1.20%). Insiders that own company stock include Barry H Jensen, Christopher Oddleifson, Donna L Abelli, Edward H Seksay, Eileen C Miskell, Eileen C Miskell, Gerard F Nadeau, Jeffrey J Tengel, John J Morrissey, Lee C Powlus, Mark J Ruggiero, Robert D Cozzone, Robert D Cozzone and Scott Smith. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. This page (NASDAQ:INDB) was last updated on 12/10/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Independent Bank Corp. 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