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

$84.52
-0.63 (-0.74 %)
(As of 12/13/2019 04:00 PM ET)
Today's Range
$83.93
Now: $84.52
$85.65
50-Day Range
$81.80
MA: $83.98
$85.44
52-Week Range
$62.33
Now: $84.52
$87.64
Volume114,049 shs
Average Volume123,022 shs
Market Capitalization$2.91 billion
P/E Ratio18.02
Dividend Yield2.07%
Beta1.19
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

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$412.21 million
Cash Flow$5.25 per share
Book Value$38.23 per share

Profitability

Net Income$121.62 million

Miscellaneous

Employees1,188
Market Cap$2.91 billion
Next Earnings Date1/16/2020 (Estimated)
OptionableOptionable

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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. 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 annualized dividend and a dividend yield of 2.08%. The ex-dividend date 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 earnings results on Thursday, October, 17th. The bank reported $1.49 EPS for the quarter, topping the consensus estimate of $1.40 by $0.09. The bank earned $136.41 million during 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?

5 equities research analysts have issued 12-month 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 3.3% from the stock's current price. View Analyst Price Targets for Independent Bank.

What is the consensus analysts' recommendation 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.

Has Independent Bank been receiving favorable news coverage?

Media headlines about INDB stock have been trending somewhat negative recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Independent Bank earned a news impact score of -1.4 on InfoTrie's scale. They also gave news headlines about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact 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 drop in short interest in November. As of November 29th, there was short interest totalling 799,200 shares, a drop of 8.1% from the November 14th total of 869,300 shares. Based on an average daily trading volume, of 118,500 shares, the days-to-cover ratio is currently 6.7 days. Approximately 2.4% of the company's shares are sold short. 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 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 a variety of of institutional and retail investors. Top institutional shareholders 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 major 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 major 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 $84.52.

How big of a company is Independent Bank?

Independent Bank has a market capitalization of $2.91 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 (star star)
Outperform Votes:  349 (Vote Outperform)
Underperform Votes:  509 (Vote Underperform)
Total Votes:  858
MarketBeat'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 12/14/2019 by MarketBeat.com Staff

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