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S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
New CBOE “special perk” helps traders target income every weekend (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
New CBOE “special perk” helps traders target income every weekend (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
New CBOE “special perk” helps traders target income every weekend (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
New CBOE “special perk” helps traders target income every weekend (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
New CBOE “special perk” helps traders target income every weekend (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
New CBOE “special perk” helps traders target income every weekend (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa

Independent Bank Stock Price, News & Analysis (NASDAQ:INDB)

$61.60
+0.54 (+0.88%)
(As of 12/8/2023 ET)
Compare
Today's Range
$59.54
$62.08
50-Day Range
$45.44
$61.60
52-Week Range
$43.28
$90.31
Volume
137,585 shs
Average Volume
205,284 shs
Market Capitalization
$2.70 billion
P/E Ratio
10.53
Dividend Yield
3.57%
Price Target
$76.00

Independent Bank MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
23.4% Upside
$76.00 Price Target
Short Interest
Healthy
1.87% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.30mentions of Independent Bank in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$126,312 Bought Last Quarter
Proj. Earnings Growth
-12.78%
From $5.40 to $4.71 Per Share

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 stars

Finance Sector

112th out of 828 stocks

State Commercial Banks Industry

16th out of 172 stocks


INDB stock logo

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.

INDB Stock Price History

INDB Stock News Headlines

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Independent Bank Corp INDB Stock Quote
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See More Headlines
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Company Calendar

Ex-Dividend for 10/6 Dividend
9/29/2023
Dividend Payable
10/06/2023
Last Earnings
10/19/2023
Today
12/10/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/18/2024

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:INDB
CUSIP
45383610
Employees
1,739
Year Founded
1864

Price 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 Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$263.81 million
Pretax Margin
38.38%

Debt

Sales & Book Value

Annual Sales
$757.51 million
Cash Flow
$6.80 per share
Book Value
$63.25 per share

Miscellaneous

Free Float
43,471,000
Market Cap
$2.70 billion
Optionable
Optionable
Beta
0.89

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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 other stocks do shareholders of Independent Bank own?
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

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