NASDAQ:INDB - Independent Bank Stock Price, Forecast & News

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

Independent Bank announced a quarterly dividend on Thursday, September 19th. Stockholders of record on Monday, September 30th will be given a dividend of $0.44 per share on Friday, October 11th. This represents a $1.76 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Friday, September 27th. View Independent Bank's Dividend History.

Independent Bank Corp (NASDAQ:INDB) posted its quarterly earnings results on Thursday, October, 17th. The bank reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.40 by $0.09. The bank had revenue of $136.41 million for the quarter. Independent Bank had a return on equity of 12.60% and a net margin of 28.03%. View Independent Bank's Earnings History.

Independent Bank is scheduled to release their next quarterly earnings announcement on Thursday, January 16th 2020. View Earnings Estimates for Independent Bank.

3 Wall Street analysts have issued twelve-month price targets for Independent Bank's stock. Their forecasts range from $81.00 to $83.00. On average, they expect Independent Bank's stock price to reach $82.00 in the next year. This suggests that the stock has a possible downside of 2.8%. View Analyst Price Targets for Independent Bank.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Independent Bank.

Media coverage about INDB stock has been trending somewhat positive on Friday, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Independent Bank earned a news impact score of 2.0 on InfoTrie's scale. They also assigned news articles about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Independent Bank.

Independent Bank saw a decrease in short interest in October. As of October 15th, there was short interest totalling 880,400 shares, a decrease of 14.5% from the September 15th total of 1,030,000 shares. Based on an average daily trading volume, of 111,900 shares, the short-interest ratio is currently 7.9 days. Approximately 2.6% of the company's shares are short sold. View Independent Bank's Current Options Chain.

Some companies that are related to Independent Bank include PNC Financial Services Group (PNC), BB&T (BBT), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), First Republic Bank (FRC), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Commerce Bancshares (CBSH), Signature Bank (SBNY), East West Bancorp (EWBC) and BOK Financial (BOKF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Independent Bank investors own include Energy Transfer LP Unit (ET), Cornerstone Total Return Fund (CRF), CBL & Associates Properties (CBL), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP), Cornerstone Strategic Value Fund (CLM), Martin Midstream Partners (MMLP), Navios Maritime Midstream Partners (NAP), Government Properties Income Trust (GOV) and THL Credit (TCRD).

Independent Bank's stock is owned by many different of institutional and retail investors. Top institutional investors include State Street Corp (3.25%), Rockland Trust Co. (2.03%), Boston Trust Walden Corp (0.37%), Rhumbline Advisers (0.35%), Fisher Asset Management LLC (0.30%) and California Public Employees Retirement System (0.22%). 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.

INDB stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, GW&K Investment Management LLC, Barclays PLC, First Trust Advisors LP, SG Americas Securities LLC, Millennium Management LLC, Voya Investment Management LLC and Boston Advisors LLC. Company insiders that have sold Independent Bank company stock in the last year include Christopher Oddleifson, Daniel F Obrien, Donna L Abelli, Gerard F Nadeau, Kevin J Jones, Mark J Ruggiero, Robert D Cozzone, Thomas R Venables and William M Parent. View Insider Buying and Selling for Independent Bank.

INDB stock was bought by a variety of institutional investors in the last quarter, including Rockland Trust Co., California Public Employees Retirement System, Chicago Equity Partners LLC, Fisher Asset Management LLC, State of Alaska Department of Revenue, McNamara Financial Services Inc., State of Tennessee Treasury Department and Rhumbline Advisers. View Insider Buying and Selling for 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.

One share of INDB stock can currently be purchased for approximately $84.40.

Independent Bank has a market capitalization of $2.90 billion and generates $412.21 million in revenue each year. The bank earns $121.62 million in net income (profit) each year or $4.69 on an earnings per share basis. Independent Bank employs 1,188 workers across the globe.View Additional Information About Independent Bank.

The official website for Independent Bank is http://www.rocklandtrust.com/.

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]