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. Shareholders 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 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Friday, September 27th. View Independent Bank's Dividend History.

Independent Bank Corp (NASDAQ:INDB) announced its earnings results on Thursday, October, 17th. The bank reported $1.49 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.40 by $0.09. The bank earned $136.41 million during the quarter. Independent Bank had a net margin of 28.03% and a return on equity of 12.60%. 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.

5 analysts have issued 1-year target prices for Independent Bank's shares. Their forecasts range from $81.00 to $98.00. On average, they expect Independent Bank's stock price to reach $87.33 in the next year. This suggests a possible upside of 4.5% from the stock's current price. View Analyst Price Targets for Independent Bank.

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

News coverage about INDB stock has been trending positive recently, according to InfoTrie. The research firm rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Independent Bank earned a news sentiment score of 3.0 on InfoTrie's scale. They also gave media coverage about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Independent Bank.

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

Some companies that are related to Independent Bank include PNC Financial Services Group (PNC), Truist Financial (TFC), 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 retail and institutional 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 acquired 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 $83.60.

Independent Bank has a market capitalization of $2.87 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]