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NASDAQ:INDBIndependent Bank Stock Price, Forecast & News

$71.63
+4.35 (+6.47 %)
(As of 04/10/2020 06:41 AM ET)
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Today's Range
$68.28
Now: $71.63
$72.17
50-Day Range
$52.37
MA: $65.09
$77.51
52-Week Range
$50.45
Now: $71.63
$87.64
Volume179,000 shs
Average Volume351,219 shs
Market Capitalization$2.46 billion
P/E Ratio14.24
Dividend Yield2.73%
Beta0.99
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. Its products and services include demand deposits and time certificates of deposit, as well as checking, money market, and savings accounts. The company's 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. Its 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. The company 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. It operates through 87 full service and 2 limited service retail branches, 13 commercial banking centers, 8 investment management offices, and 1 mortgage lending center in Eastern Massachusetts; and an investment management group/commercial lending office in Rhode Island. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.0Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.98 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:INDB
CUSIP45383610
Phone781-878-6100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$562.31 million
Cash Flow$6.32 per share
Book Value$49.69 per share

Profitability

Net Income$165.18 million

Miscellaneous

Employees1,348
Market Cap$2.46 billion
Next Earnings Date4/23/2020 (Confirmed)
OptionableOptionable

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Independent Bank (NASDAQ:INDB) Frequently Asked Questions

How has Independent Bank's stock been impacted by COVID-19 (Coronavirus)?

Independent Bank's stock was trading at $59.36 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, INDB stock has increased by 20.7% and is now trading at $71.63. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Independent Bank?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Independent Bank.

When is Independent Bank's next earnings date?

Independent Bank is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for Independent Bank.

How can I listen to Independent Bank's earnings call?

Independent Bank will be holding an earnings conference call on Thursday, April 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Independent Bank's earnings last quarter?

Independent Bank Corp (NASDAQ:INDB) issued its quarterly earnings data on Thursday, January, 16th. The bank reported $1.38 earnings per share for the quarter, missing analysts' consensus estimates of $1.40 by $0.02. The bank earned $133.29 million during the quarter, compared to analysts' expectations of $131.07 million. Independent Bank had a net margin of 29.37% and a return on equity of 12.05%. View Independent Bank's earnings history.

How often does Independent Bank pay dividends? What is the dividend yield for Independent Bank?

Independent Bank declared a quarterly dividend on Thursday, March 19th. Investors of record on Monday, March 30th will be given a dividend of $0.46 per share on Thursday, April 9th. This represents a $1.84 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Friday, March 27th. This is a boost from Independent Bank's previous quarterly dividend of $0.44. View Independent Bank's dividend history.

What price target have analysts set for INDB?

4 equities research analysts have issued twelve-month target prices for Independent Bank's shares. Their forecasts range from $68.00 to $98.00. On average, they expect Independent Bank's stock price to reach $80.67 in the next twelve months. This suggests a possible upside of 12.6% from the stock's current price. View analysts' price targets for Independent Bank.

Has Independent Bank been receiving favorable news coverage?

News headlines about INDB stock have trended very negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Independent Bank earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutIndependent Bank.

Are investors shorting Independent Bank?

Independent Bank saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,085,500 shares, an increase of 26.5% from the February 27th total of 858,400 shares. Based on an average trading volume of 200,200 shares, the days-to-cover ratio is currently 5.4 days. Approximately 3.2% of the shares of the company are short sold. View Independent Bank's Current Options Chain.

Who are some of Independent Bank's key competitors?

What other stocks do shareholders of Independent Bank own?

Who are Independent Bank's key executives?

Independent Bank's management team includes the following people:
  • Mr. Christopher Oddleifson, CEO, Pres & Director (Age 60)
  • Mr. Robert D. Cozzone, Exec. VP & COO (Age 48)
  • Mr. Barry H. Jensen, Chief Technology Officer (Age 54)
  • Mr. Edward H. Seksay Esq., Gen. Counsel & Corp. Sec. (Age 61)
  • Mr. Gerard F. Nadeau, Director (Age 61)

What is Independent Bank's stock symbol?

Independent Bank trades on the NASDAQ under the ticker symbol "INDB."

Who are Independent Bank's major shareholders?

Independent Bank's stock is owned by a number of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.09%). Company insiders that own Independent Bank stock include 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, Robert D Cozzone, Thomas R Venables and William M Parent. View institutional ownership trends for Independent Bank.

Which institutional investors are buying Independent Bank stock?

INDB stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Independent Bank's stock price today?

One share of INDB stock can currently be purchased for approximately $71.63.

How big of a company is Independent Bank?

Independent Bank has a market capitalization of $2.46 billion and generates $562.31 million in revenue each year. The bank earns $165.18 million in net income (profit) each year or $5.62 on an earnings per share basis. Independent Bank employs 1,348 workers across the globe. View additional information about Independent Bank.

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 STEET, ROCKLAND MA, 02370. The bank can be reached via phone at 781-878-6100 or via email at [email protected]

This page was last updated on 4/10/2020 by MarketBeat.com Staff

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