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

$76.08
+1.00 (+1.33 %)
(As of 09/15/2019 04:00 PM ET)
Today's Range
$75.50
Now: $76.08
$76.5250
50-Day Range
$65.76
MA: $70.91
$78.60
52-Week Range
$64.68
Now: $76.08
$91.40
Volume75,049 shs
Average Volume87,179 shs
Market Capitalization$2.61 billion
P/E Ratio16.22
Dividend Yield2.34%
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$5.2614 per share
Book Value$38.23 per share

Profitability

Net Income$121.62 million

Miscellaneous

Employees1,188
Market Cap$2.61 billion
Next Earnings Date10/17/2019 (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.


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, June 20th. Stockholders of record on Monday, July 1st will be paid a dividend of $0.44 per share on Friday, July 12th. This represents a $1.76 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, June 28th. View Independent Bank's Dividend History.

How were Independent Bank's earnings last quarter?

Independent Bank Corp (NASDAQ:INDB) announced its quarterly earnings results on Thursday, July, 18th. The bank reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.09. The bank had revenue of $134.67 million for the quarter, compared to the consensus estimate of $129.20 million. Independent Bank had a net margin of 26.75% and a return on equity of 12.99%. 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, October 17th 2019. View Earnings Estimates for Independent Bank.

What price target have analysts set for INDB?

3 Wall Street analysts have issued 12 month price objectives for Independent Bank's stock. Their predictions 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 a possible upside of 7.8% from the stock's current price. 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?

News headlines about INDB stock have trended somewhat positive recently, InfoTrie Sentiment reports. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Independent Bank earned a news sentiment score of 0.9 on InfoTrie's scale. They also assigned headlines about the bank a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Independent Bank.

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 many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.52%), BlackRock Inc. (14.51%), Vanguard Group Inc. (10.18%), Silvercrest Asset Management Group LLC (4.53%), Price T Rowe Associates Inc. MD (2.52%) and Northern Trust Corp (2.45%). 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 Chicago Equity Partners LLC, BTIM Corp., Rockland Trust Co., Bank of America Corp DE, Victory Capital Management Inc., BNP Paribas Arbitrage SA, First Trust Advisors LP and Silvercrest Asset Management Group 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 and William M Parent. View Insider Buying and Selling for Independent Bank.

Which institutional investors are buying Independent Bank stock?

INDB stock was purchased by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, BlackRock Inc., BlackRock Inc., Vanguard Group Inc., Nuveen Asset Management LLC, Morgan Stanley, Northern Trust Corp and Renaissance Technologies LLC. 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 $76.08.

How big of a company is Independent Bank?

Independent Bank has a market capitalization of $2.61 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:  333 (Vote Outperform)
Underperform Votes:  487 (Vote Underperform)
Total Votes:  820
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 9/15/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel