NASDAQ:INDB - Independent Bank Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $81.90 +0.69 (+0.85 %) (As of 10/19/2018 04:00 PM ET)Previous Close$81.90Today's Range$80.65 - $83.0452-Week Range$66.85 - $95.00Volume143,901 shsAverage Volume162,419 shsMarket Capitalization$2.24 billionP/E Ratio24.45Dividend Yield1.87%Beta0.95 Company ProfileDiscussionAnalyst RatingsChartDividend HistoryEarnings HistoryFinancialsInsider TradesHeadlinesOptions 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 SymbolNASDAQ:INDB CUSIP45383610 Webwww.rocklandtrust.com Phone781-878-6100 Debt Debt-to-Equity Ratio0.16 Current Ratio0.94 Quick Ratio0.94 Price-To-Earnings Trailing P/E Ratio24.45 Forward P/E Ratio17.54 P/E GrowthN/A Sales & Book Value Annual Sales$360.19 million Price / Sales6.26 Cash Flow$3.9470 per share Price / Cash20.75 Book Value$34.39 per share Price / Book2.38 Profitability EPS (Most Recent Fiscal Year)$3.35 Net Income$87.20 million Net Margins28.75% Return on Equity12.34% Return on Assets1.45% Miscellaneous Employees1,108 Outstanding Shares27,540,000Market Cap$2.24 billion 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 declared a quarterly dividend on Friday, September 21st. Shareholders of record on Monday, October 1st will be paid a dividend of $0.38 per share on Friday, October 5th. This represents a $1.52 annualized dividend and a yield of 1.86%. The ex-dividend date is Friday, September 28th. View Independent Bank's Dividend History. How were Independent Bank's earnings last quarter? Independent Bank Corp (NASDAQ:INDB) posted its quarterly earnings results on Thursday, October, 18th. The bank reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.20 by $0.06. The bank had revenue of $99.50 million for the quarter, compared to analyst estimates of $99.40 million. Independent Bank had a net margin of 28.75% and a return on equity of 12.34%. 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, January 17th 2019. View Earnings Estimates for Independent Bank. What price target have analysts set for INDB? 4 analysts have issued 12-month price targets for Independent Bank's stock. 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 2.6% 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 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Independent Bank. Who are some of Independent Bank's key competitors? Some companies that are related to Independent Bank include East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY), Western Alliance Bancorporation (WAL), Bank Of The Ozarks (OZRK), First Citizens BancShares (FCNCA), Popular (BPOP), Prosperity Bancshares (PB), Wintrust Financial (WTFC), Bank Ozk (OZK), Hancock (HBHC), Associated Banc (ASB), IBERIABANK (IBKC), Investors Bancorp (ISBC) and First Financial Bankshares (FFIN). Who are Independent Bank's key executives? Independent Bank's management team includes the folowing people: Mr. Christopher Oddleifson, CEO, Pres & Director (Age 59)Mr. Robert D. Cozzone, Chief Financial Officer (Age 47)Mr. Barry H. Jensen, Chief Information Officer, CTO & COO (Age 53)Mr. Edward H. Seksay, Gen. Counsel & Corp. Sec. (Age 60)Mr. Mark J. Ruggiero, Sr. VP, Controller & Principal Accounting Officer (Age 41) Who are Independent Bank's major shareholders? Independent Bank's stock is owned by a number of of institutional and retail investors. Top institutional investors include Rockland Trust Co. (2.01%), Endurance Wealth Management Inc. (0.40%), Hennessy Advisors Inc. (0.25%) and NJ State Employees Deferred Compensation Plan (0.03%). Company insiders that own Independent Bank stock include Barry H Jensen, 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 major investors are selling Independent Bank stock? INDB stock was sold by a variety of institutional investors in the last quarter, including Endurance Wealth Management Inc. and NJ State Employees Deferred Compensation Plan. Company insiders that have sold Independent Bank company stock in the last year include Carl Ribeiro, Christopher Oddleifson, Daniel F Obrien, Donna L Abelli, Edward H Seksay, Eileen C Miskell, Gerard F Nadeau, Mark J Ruggiero, Robert D Cozzone and Thomas R Venables. View Insider Buying and Selling for Independent Bank. Which major investors are buying Independent Bank stock? INDB stock was bought by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc. and Rockland Trust Co.. 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 $81.90. How big of a company is Independent Bank? Independent Bank has a market capitalization of $2.24 billion and generates $360.19 million in revenue each year. The bank earns $87.20 million in net income (profit) each year or $3.35 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: 291 (Vote Outperform)Underperform Votes: 426 (Vote Underperform)Total Votes: 717MarketBeat'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 10/20/2018 by MarketBeat.com StaffFeatured Article: Do stock splits help investors?