NASDAQ:INDB - Independent Bank Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Independent Bank Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $84.40 +1.07 (+1.28 %) (As of 12/6/2019 10:59 AM ET) Add Compare Today's Range$83.95Now: $84.40▼$84.7250-Day Range$74.21MA: $83.23▼$85.4452-Week Range$62.33Now: $84.40▼$87.64Volume17,997 shsAverage Volume123,395 shsMarket Capitalization$2.90 billionP/E Ratio18.00Dividend Yield2.11%Beta1.2 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions 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. Its products and services include demand deposits and time certificates of deposit, as well as checking, money market, and savings accounts. Read More… Industry, Sector and Symbol Stock Exchange NASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:INDB Previous Symbol CUSIP45383610 CIK776901 Webhttp://www.rocklandtrust.com/ Phone781-878-6100Debt Debt-to-Equity Ratio0.17 Current Ratio0.98 Quick Ratio0.97Price-To-Earnings Trailing P/E Ratio18.00 Forward P/E Ratio14.94 P/E GrowthN/A Sales & Book Value Annual Sales$412.21 million Price / Sales7.04 Cash Flow$5.20 per share Price / Cash Flow16.22 Book Value$38.23 per share Price / Book2.21Profitability EPS (Most Recent Fiscal Year)$4.69 Net Income$121.62 million Net Margins28.03% Return on Equity12.60% Return on Assets1.69%Miscellaneous Employees1,188 Outstanding Shares34,374,000Market Cap$2.90 billion Next Earnings Date1/16/2020 (Estimated) OptionableOptionable 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. NASDAQ:INDB Rates by TradingView 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 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. How were Independent Bank's earnings last quarter? 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. When is Independent Bank's next earnings date? Independent Bank is scheduled to release their next quarterly earnings announcement on Thursday, January 16th 2020. View Earnings Estimates for Independent Bank. What price target have analysts set for INDB? 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. What is the consensus analysts' recommendation 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. Has Independent Bank been receiving favorable news coverage? 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. Are investors shorting 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. Who are some of Independent Bank's key competitors? 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). What other stocks do shareholders of Independent Bank own? 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). Who are Independent Bank's key executives? Independent Bank's management team includes the folowing 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) Who are Independent Bank's major shareholders? 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. Which institutional investors are selling Independent Bank stock? 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. Which institutional investors are buying Independent Bank stock? 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. 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 $84.40. How big of a company is Independent Bank? 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. 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: 349 (Vote Outperform)Underperform Votes: 507 (Vote Underperform)Total Votes: 856MarketBeat'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 12/6/2019 by MarketBeat.com StaffFeatured Article: What is the formula for the cash asset ratio?