Independent Bank Stock Price, Forecast & Analysis (NASDAQ:INDB)

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

Independent Bank declared a quarterly dividend on Thursday, September 19th. Investors of record on Monday, September 30th will be paid 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 2.07%. The ex-dividend date is Friday, September 27th. View Independent Bank's Dividend History.

Independent Bank Corp (NASDAQ:INDB) issued its earnings results on Thursday, October, 17th. The bank reported $1.49 earnings per share (EPS) for the quarter, beating the 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.

3 equities research 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 share price to reach $82.00 in the next year. This suggests that the stock has a possible downside of 3.5%. 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 trended very negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Independent Bank earned a media sentiment score of -3.2 on InfoTrie's scale. They also assigned press coverage about the bank a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for Independent Bank.

Independent Bank saw a drop in short interest in the month of October. As of October 31st, there was short interest totalling 880,400 shares, a drop of 14.5% from the September 30th total of 1,030,000 shares. Based on an average daily trading volume, of 111,900 shares, the days-to-cover ratio is presently 7.9 days. Currently, 2.6% of the company's 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), BB&T (BBT), SunTrust Banks (STI), Fifth Third Bancorp (FITB), M&T Bank (MTB), 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 Cullen/Frost Bankers (CFR).

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 a variety of of retail and institutional investors. Top institutional investors include Rockland Trust Co. (2.03%), Boston Trust Walden Corp (0.37%), Rhumbline Advisers (0.35%), Fisher Asset Management LLC (0.30%), California Public Employees Retirement System (0.22%) and Hennessy Advisors Inc. (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 GW&K Investment Management LLC, First Trust Advisors LP, SG Americas Securities LLC, Boston Advisors LLC, Penobscot Investment Management Company Inc., Eastern Bank, Keybank National Association OH and Plimoth Trust Co. 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 $84.95.

Independent Bank has a market capitalization of $2.92 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]