Independent Bank Corp. Company Profile (NASDAQ:INDB)

About Independent Bank Corp.

Independent Bank Corp. logoIndependent Bank Corp. is a bank holding company. The Company is the sole stockholder of Rockland Trust Company (Rockland or the Bank). The Bank is a community-oriented commercial bank. The Company operates in community banking business segment. The Company's community banking business provides a range of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management. The Bank operates approximately 80 banking offices and over three limited service branches located within Barnstable, Bristol, Middlesex, Norfolk, Plymouth, Suffolk and Worcester counties in Eastern Massachusetts. The Bank classifies loans as commercial, consumer real estate, or other consumer. Commercial loans consist of commercial and industrial loans, commercial real estate, commercial construction, and small business loans. Asset-based loans consist primarily of revolving lines of credit but also include term loans.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Regional - Northeast Banks
  • Sub-Industry: Regional Banks
  • Exchange: NASDAQ
  • Symbol: INDB
  • CUSIP: 45383610
Key Metrics:
  • Previous Close: $53.45
  • 50 Day Moving Average: $52.66
  • 200 Day Moving Average: $48.50
  • 52-Week Range: $39.58 - $54.25
  • Trailing P/E Ratio: 18.27
  • Foreward P/E Ratio: 16.97
  • P/E Growth: 2.20
  • Market Cap: $1.41B
  • Outstanding Shares: 26,328,000
  • Beta: 1.06
Profitability:
  • Net Margins: 24.05%
  • Return on Equity: 9.95%
  • Return on Assets: 1.07%
Debt:
  • Debt-to-Equity Ratio: 0.20%
  • Current Ratio: 0.94%
  • Quick Ratio: 0.94%
Additional Links:
Companies Related to Independent Bank Corp.:

Analyst Ratings

Consensus Ratings for Independent Bank Corp. (NASDAQ:INDB) (?)
Ratings Breakdown: 2 Sell Ratings, 2 Hold Ratings
Consensus Rating:Hold (Score: 1.50)
Consensus Price Target: $48.67 (8.95% downside)

Analysts' Ratings History for Independent Bank Corp. (NASDAQ:INDB)
Show:
DateFirmActionRatingPrice TargetDetails
9/20/2016Compass PointDowngradeNeutral -> Sell$48.00 -> $49.00View Rating Details
8/31/2016Sandler O'NeillDowngradeHold -> Sell$50.00 -> $51.00View Rating Details
3/11/2016Keefe, Bruyette & WoodsReiterated RatingHoldView Rating Details
1/27/2016SunTrust Banks Inc.Lower Price TargetNeutral$48.00 -> $46.00View Rating Details
7/21/2015MacquarieReiterated RatingNeutral$44.00 -> $45.00View Rating Details
6/24/2015Robert W. BairdDowngradeNeutral -> Underperform$38.00 -> $40.00View Rating Details
6/10/2015Drexel HamiltonDowngradeBuy -> HoldView Rating Details
(Data available from 9/29/2014 forward)

Earnings

Earnings History for Independent Bank Corp. (NASDAQ:INDB)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/13/2016        
7/21/2016Q216$0.74$0.77$75.45 millionViewN/AView Earnings Details
4/21/2016Q116$0.70$0.72$73.90 millionViewN/AView Earnings Details
1/21/2016Q415$0.71$0.74$73.92 millionViewListenView Earnings Details
10/15/2015Q315$0.70$0.71$73.56 millionViewListenView Earnings Details
7/16/2015Q215$0.65$0.68$72.13 millionViewListenView Earnings Details
4/16/2015Q115$0.62$0.63$66.41 millionViewN/AView Earnings Details
1/22/2015Q414$0.67$0.68$67.80 millionViewN/AView Earnings Details
10/16/2014Q3$0.65$0.67ViewN/AView Earnings Details
7/17/2014Q313$0.63$0.63$65.76 millionViewN/AView Earnings Details
4/17/2014$0.56$0.51ViewN/AView Earnings Details
1/23/2014Q4 13$0.62$0.61ViewN/AView Earnings Details
10/17/2013Q3 13$0.60$0.63ViewN/AView Earnings Details
7/11/2013Q2 2013$0.59$0.58$62.12 millionViewN/AView Earnings Details
1/24/2013Q4 2012$0.57$0.53$59.30 millionViewN/AView Earnings Details
10/18/2012$0.56$0.53ViewN/AView Earnings Details
7/19/2012$0.52$0.41ViewN/AView Earnings Details
4/12/2012$0.51$0.56ViewN/AView Earnings Details
1/19/2012$0.53$0.54ViewN/AView Earnings Details
10/20/2011$0.56$0.56ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Independent Bank Corp. (NASDAQ:INDB)
Current Year EPS Consensus Estimate: $3.03 EPS
Next Year EPS Consensus Estimate: $3.15 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.69$0.69$0.69
Q2 20161$0.73$0.73$0.73
Q3 20161$0.75$0.75$0.75
Q4 20161$0.74$0.74$0.74
Q1 20171$0.73$0.73$0.73
Q2 20171$0.79$0.79$0.79
Q3 20171$0.81$0.81$0.81
Q4 20171$0.82$0.82$0.82
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Independent Bank Corp. (NASDAQ:INDB)
Annual Dividend:$1.16
Dividend Yield:2.17%
Payout Ratio:39.59% (Based on Trailing 12 Months of Earnings)
38.28% (Based on Current Year Consensus EPS Estimate)
36.83% (Based on Next Year Consensus EPS Estimate)

Dividend History for Independent Bank Corp. (NASDAQ:INDB)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/16/2016quarterly$0.292.21%9/23/20169/26/201610/7/2016
6/16/2016quarterly$0.292.59%6/23/20166/27/20167/8/2016
3/17/2016quarterly$0.292.43%3/23/20163/28/20164/8/2016
12/11/2015quarterly$0.262.26%12/23/201512/28/20151/8/2016
9/17/2015quarterly$0.262.33%9/24/20159/28/201510/9/2015
6/18/2015quarterly$0.262.16%6/25/20156/29/20157/10/2015
3/19/2015quarterly$0.262.32%3/26/20153/30/20154/10/2015
12/11/2014quarterly$0.242.37%12/24/201412/29/20141/9/2015
9/18/2014quarterly$0.242.6%9/25/20149/29/201410/10/2014
6/19/2014quarterly$0.242.52%6/26/20146/30/20147/11/2014
3/20/2014quarterly$0.242.38%3/27/20143/31/20144/11/2014
12/12/2013quarterly$0.222.43%12/26/201312/30/20131/10/2014
9/19/2013quarterly$0.222.45%9/26/20139/30/201310/11/2013
6/20/2013quarterly$0.222.62%6/27/20137/1/20137/12/2013
3/21/2013quarterly$0.222.73%3/27/20134/1/20134/12/2013
12/12/2012quarterly$0.212.9%12/20/201212/24/201212/31/2012
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Independent Bank Corp. (NASDAQ:INDB)
Insider Ownership Percentage: 3.02%
Institutional Ownership Percentage: 76.98%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/31/2016Robert D. CozzoneCFOSell1,250$53.11$66,387.50View SEC Filing  
8/17/2016Gerard F. NadeauInsiderSell2,600$51.93$135,018.00View SEC Filing  
7/27/2016Maurice H Sullivan JrDirectorSell5,000$50.78$253,900.00View SEC Filing  
7/26/2016Mark J RuggieroInsiderSell272$50.20$13,654.40View SEC Filing  
7/26/2016Maurice H Sullivan JrDirectorSell2,475$50.15$124,121.25View SEC Filing  
6/1/2016Carl RibeiroDirectorSell700$48.93$34,251.00View SEC Filing  
5/16/2016Carl RibeiroDirectorSell700$46.13$32,291.00View SEC Filing  
5/16/2016Gerard F NadeauEVPSell4,520$46.35$209,502.00View SEC Filing  
5/11/2016Maurice H Sullivan JrDirectorSell2,475$46.80$115,830.00View SEC Filing  
5/10/2016Jane LundquistEVPSell3,000$46.79$140,370.00View SEC Filing  
4/29/2016Christopher OddleifsonCEOSell1,725$46.79$80,712.75View SEC Filing  
4/27/2016Maurice H Sullivan JrDirectorSell3,000$47.35$142,050.00View SEC Filing  
11/18/2015Jane LundquistEVPSell1,910$49.91$95,328.10View SEC Filing  
11/3/2015Christopher OddleifsonCEOSell3,893$47.22$183,827.46View SEC Filing  
11/3/2015Gerard F NadeauEVPSell3,460$46.99$162,585.40View SEC Filing  
10/29/2015Carl RibeiroDirectorSell1,000$47.99$47,990.00View SEC Filing  
10/27/2015Maurice H Sullivan JrDirectorSell2,475$46.56$115,236.00View SEC Filing  
8/19/2015Maurice H Sullivan JrDirectorSell2,475$47.65$117,933.75View SEC Filing  
7/22/2015Barry H JensenInsiderSell12,500$49.50$618,750.00View SEC Filing  
7/22/2015Raymond G FuerschbachSVPSell8,500$49.79$423,215.00View SEC Filing  
7/21/2015Edward H SeksayGeneral CounselSell2,500$49.36$123,400.00View SEC Filing  
5/6/2015Gerard F NadeauEVPSell8,708$41.85$364,429.80View SEC Filing  
5/5/2015Jane LundquistEVPSell1,300$41.54$54,002.00View SEC Filing  
4/28/2015Jane LundquistEVPSell1,500$41.84$62,760.00View SEC Filing  
4/22/2015Edward H SeksayGeneral CounselSell3,500$41.49$145,215.00View SEC Filing  
2/23/2015Raymond G FuerschbachSVPSell2,366$41.43$98,023.38View SEC Filing  
2/19/2015Robert D CozzoneCFOSell1,250$41.84$52,300.00View SEC Filing  
2/3/2015Christopher OddleifsonCEOSell2,025$39.73$80,453.25View SEC Filing  
11/3/2014Christopher OddleifsonCEOSell5,360$39.86$213,649.60View SEC Filing  
10/23/2014Robert D CozzoneCFOSell5,000$38.23$191,150.00View SEC Filing  
10/22/2014Jane LundquistEVPSell4,000$38.24$152,960.00View SEC Filing  
8/13/2014Gerard F NadeauEVPSell6,060$35.83$217,129.80View SEC Filing  
5/12/2014Edward SeksayGeneral CounselSell2,100$37.15$78,015.00View SEC Filing  
5/1/2014Jane LundquistEVPSell1,500$36.50$54,750.00View SEC Filing  
1/30/2014Christopher OddleifsonCEOSell2,100$36.90$77,490.00View SEC Filing  
11/13/2013Jane LundquistEVPSell1,164$35.51$41,333.64View SEC Filing  
10/24/2013Christopher OddleifsonCEOSell2,250$37.05$83,362.50View SEC Filing  
8/1/2013Barry H JensenInsiderSell7,422$37.52$278,473.44View SEC Filing  
8/1/2013Raymond G FuerschbachSVPSell2,959$37.42$110,725.78View SEC Filing  
7/25/2013Edward F JankowskiCTOSell8,500$37.36$317,560.00View SEC Filing  
7/24/2013Raymond G FuerschbachSVPSell7,387$37.65$278,120.55View SEC Filing  
7/19/2013Gerard F NadeauEVPSell2,600$37.40$97,240.00View SEC Filing  
7/17/2013Edward H SeksayGeneral CounselSell7,875$36.54$287,752.50View SEC Filing  
7/17/2013Kevin J JonesDirectorBuy1,064$36.63$38,974.32View SEC Filing  
6/4/2013Edward F JankowskiCTOSell5,650$33.44$188,936.00View SEC Filing  
5/28/2013Jane LundquistEVPSell3,000$33.20$99,600.00View SEC Filing  
5/23/2013Edward F JankowskiCTOSell4,235$32.53$137,764.55View SEC Filing  
5/22/2013Benjamin A Gilmore IIDirectorSell1,000$33.22$33,220.00View SEC Filing  
5/22/2013Gerard F NadeauEVPSell5,100$33.21$169,371.00View SEC Filing  
5/21/2013Thomas R VenablesDirectorSell21,500$33.12$712,080.00View SEC Filing  
5/20/2013Eileen C MiskellDirectorSell1,130$33.17$37,482.10View SEC Filing  
1/29/2013Kevin J JonesDirectorBuy1,127$30.96$34,891.92View SEC Filing  
11/26/2012John H Spurr JrDirectorSell89,213$28.10$2,506,885.30View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Independent Bank Corp. (NASDAQ:INDB)
DateHeadline
News IconLatest Analyst Ratings For Independent Bank Corp. (NASDAQ:INDB) (NASDAQ:INDB)
desotoedge.com - September 29 at 10:43 AM
capitalcube.com logoIndependent Bank Corp. (Massachusetts) : INDB-US: Dividend Analysis : September 26th, 2016 (record date) : By the numbers : September 23, 2016 (NASDAQ:INDB)
www.capitalcube.com - September 23 at 5:19 PM
nasdaq.com logoCash Dividend On The Way From Independent Bank (INDB) (NASDAQ:INDB)
www.nasdaq.com - September 21 at 3:51 PM
4-traders.com logoIndependent Bank MI : Corporation announces appointment of Patrick Ervin as Senior Vice President Mortgage Banking (NASDAQ:INDB)
www.4-traders.com - September 21 at 9:49 AM
finance.yahoo.com logoFitch Affirms Independent Bank Corp's IDR at 'BBB'; Outlook Stable (NASDAQ:INDB)
finance.yahoo.com - September 17 at 10:10 AM
seekingalpha.com logoIndependent Bank declares $0.29 dividend (NASDAQ:INDB)
seekingalpha.com - September 15 at 4:38 PM
finance.yahoo.com logoIndependent Bank Corp. CFO Robert Cozzone to Present at the FIG Partners 2016 Bank CEO Forum (NASDAQ:INDB)
finance.yahoo.com - September 12 at 5:29 PM
streetinsider.com logoForm 4 INDEPENDENT BANK CORP For: Aug 31 Filed by: MAGEE MICHAEL M JR (NASDAQ:INDB)
www.streetinsider.com - September 2 at 5:33 PM
publicnow.com logoNew membership of Supervisory Council (NASDAQ:INDB)
www.publicnow.com - August 31 at 10:25 AM
fidaily.com logoInsiders Are Selling – Independent Bank Corp. (NASDAQ:INDB) (NASDAQ:INDB)
www.fidaily.com - August 20 at 5:30 PM
finance.yahoo.com logoINDEPENDENT BANK CORP Financials (NASDAQ:INDB)
finance.yahoo.com - August 12 at 5:44 PM
stocksdaily.net logoIndependent Bank Corp. (NASDAQ:INDB) Ratings in Focus (NASDAQ:INDB)
www.stocksdaily.net - August 12 at 8:47 AM
publicnow.com logoINDUSTRIALBANK summarized its performance in IІ quarter 2016 (NASDAQ:INDB)
www.publicnow.com - August 9 at 8:37 AM
publicnow.com logoINDUSTRIALBANK had a clean first stage of NBU scheduled inspection (NASDAQ:INDB)
www.publicnow.com - August 9 at 8:37 AM
News IconRockland Trust acquisition of Bank of Cape Cod on track (NASDAQ:INDB)
www.capecodtimes.com - July 30 at 8:31 AM
News IconPrincipal Accounting Officer of Independent Bank Corp (NASDAQ:INDB), Ruggiero Mark J, sells 272 shares worth $13,654 (NASDAQ:INDB)
empowerednews.net - July 29 at 8:35 AM
feeds.benzinga.com logoA Peek Into The Markets: U.S. Stock Futures Mostly Lower Ahead Of GDP Report (NASDAQ:INDB)
feeds.benzinga.com - July 29 at 8:32 AM
News IconRockland Trust Posts Gains In Q2, Looks To $10B (NASDAQ:INDB)
www.bankerandtradesman.com - July 26 at 5:53 PM
4-traders.com logoIndependent Bank Corporation(MI) : half-yearly earnings release (NASDAQ:INDB)
www.4-traders.com - July 26 at 5:53 PM
seekingalpha.com logoIndependent Bank declares $0.08 dividend (NASDAQ:INDB)
seekingalpha.com - July 26 at 12:28 PM
businesswire.com logoIndependent Bank Corp. Reports Second Quarter Net Income of $20.4 Million (NASDAQ:INDB)
www.businesswire.com - July 23 at 9:39 AM
finance.yahoo.com logoEdited Transcript of INDB earnings conference call or presentation 22-Jul-16 2:00pm GMT (NASDAQ:INDB)
finance.yahoo.com - July 22 at 11:17 AM
biz.yahoo.com logoQ2 2016 Independent Bank Corp Earnings Release - After Market Close (NASDAQ:INDB)
biz.yahoo.com - July 21 at 7:07 AM
capitalcube.com logoIndependent Bank Corp. (Massachusetts) breached its 50 day moving average in a Bullish Manner : INDB-US : July 13, 2016 (NASDAQ:INDB)
www.capitalcube.com - July 13 at 8:37 AM
capitalcube.com logoETF’s with exposure to Independent Bank Corp. (Massachusetts) : July 1, 2016 (NASDAQ:INDB)
www.capitalcube.com - July 1 at 6:19 PM
capitalcube.com logoIndependent Bank Corp. (Massachusetts) :INDB-US: Earnings Analysis: Q1, 2016 By the Numbers : June 28, 2016 (NASDAQ:INDB)
www.capitalcube.com - June 28 at 12:50 PM
capitalcube.com logoIndependent Bank Corp. (Massachusetts) : INDB-US: Dividend Analysis : June 27th, 2016 (record date) : By the numbers : June 27, 2016 (NASDAQ:INDB)
www.capitalcube.com - June 27 at 1:26 PM
capitalcube.com logoIndependent Bank Corp. (Massachusetts) breached its 50 day moving average in a Bullish Manner : INDB-US : June 24, 2016 (NASDAQ:INDB)
www.capitalcube.com - June 24 at 8:56 AM
4-traders.com logoINDEPENDENT BANK CORP : ex-dividend day (NASDAQ:INDB)
www.4-traders.com - June 23 at 8:33 AM
feeds.reuters.com logoBRIEF-Independent Bank Group says commenced subordinated notes offering (NASDAQ:INDB)
feeds.reuters.com - June 21 at 9:31 AM
publicnow.com logoIBI-rating affirmed adequate level of INDUSTRIALBANK corporate governance (NASDAQ:INDB)
www.publicnow.com - June 14 at 9:09 AM
publicnow.com logo“Minfin” updated banks financial strength ratings (NASDAQ:INDB)
www.publicnow.com - June 9 at 3:49 AM
News IconSullivan Maurice H Jr, Director of Independent Bank Corp (NASDAQ:INDB) sells 3,000 shares (NASDAQ:INDB)
empowerednews.net - June 4 at 8:23 AM
publicnow.com logoCredit-Rating upgraded rating of INDUSTRIALBANK to uaA- (NASDAQ:INDB)
www.publicnow.com - May 30 at 9:50 AM
publicnow.com logoMykhailo Bukrieiev is appointed to the post of Chairman of the Board of INDUSTRIALBANK (NASDAQ:INDB)
www.publicnow.com - May 30 at 7:50 AM
biz.yahoo.com logoINDEPENDENT BANK CORP Files SEC form 8-K, Submission of Matters to a Vote of Security Holders (NASDAQ:INDB)
biz.yahoo.com - May 24 at 4:12 PM
capitalcube.com logoIndependent Bank Corp. (Massachusetts) breached its 50 day moving average in a Bullish Manner : INDB-US : May 19, 2016 (NASDAQ:INDB)
www.capitalcube.com - May 19 at 8:14 AM
publicnow.com logoIndependent Bank Corp. CFO Robert Cozzone to Present at the 2016 SunTrust Robinson Humphrey Financial Services Conference (NASDAQ:INDB)
www.publicnow.com - May 16 at 4:52 PM
publicnow.com logoINDUSTRIALBANK took part in international conference for professionals of card and payment market (NASDAQ:INDB)
www.publicnow.com - May 11 at 10:02 AM
capitalcube.com logoIndependent Bank Corp. (Massachusetts) breached its 50 day moving average in a Bullish Manner : INDB-US : May 9, 2016 (NASDAQ:INDB)
www.capitalcube.com - May 9 at 8:06 AM
thestreet.com logoIndependent Bank Breaks Below 200-Day Moving Average - Notable for IBCP (NASDAQ:INDB)
www.thestreet.com - May 6 at 7:16 PM
biz.yahoo.com logoINDEPENDENT BANK CORP Files SEC form 10-Q, Quarterly Report (NASDAQ:INDB)
biz.yahoo.com - May 5 at 4:21 PM
publicnow.com logoINDUSTRIALBANK ended the year 2015 with profit amounting to UAH 23 mln. (NASDAQ:INDB)
www.publicnow.com - April 29 at 9:04 AM
capitalcube.com logoETF’s with exposure to Independent Bank Corp. (Massachusetts) : April 28, 2016 (NASDAQ:INDB)
www.capitalcube.com - April 28 at 1:26 PM
capitalcube.com logoIndependent Bank Corp. (Massachusetts) :INDB-US: Earnings Analysis: Q1, 2016 By the Numbers (NASDAQ:INDB)
www.capitalcube.com - April 27 at 9:54 AM
publicnow.com logoShareholders approved Bank performance for the year 2015 and plans of development of the Bank (NASDAQ:INDB)
www.publicnow.com - April 26 at 5:54 AM
seekingalpha.com logoIndependent Bank beats by $0.03, beats on revenue (NASDAQ:INDB)
seekingalpha.com - April 25 at 5:06 PM
seekingalpha.com logoIndependent Bank catches upgrade (NASDAQ:INDB)
seekingalpha.com - April 25 at 7:37 AM
nasdaq.com logoIndependent Bank Corporation Announces Date for Its First Quarter 2016 Earnings Release (NASDAQ:INDB)
www.nasdaq.com - March 14 at 12:28 PM
News IconAnalysts maintain 44.5 on Independent Bank (NASDAQ:INDB) - Engelwood Daily (NASDAQ:INDB)
www.engelwooddaily.com - March 14 at 11:57 AM

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Independent Bank Corp. (NASDAQ:INDB) Chart for Thursday, September, 29, 2016


Last Updated on 9/29/2016 by MarketBeat.com Staff