S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
US Dollar Replaced By "Biden Bucks"? (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Is DoorDash Ready To Sprint Higher? 
Closing prices for crude oil, gold and other commodities
US Dollar Replaced By "Biden Bucks"? (Ad)
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
US Dollar Replaced By "Biden Bucks"? (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Is DoorDash Ready To Sprint Higher? 
Closing prices for crude oil, gold and other commodities
US Dollar Replaced By "Biden Bucks"? (Ad)
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
US Dollar Replaced By "Biden Bucks"? (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Is DoorDash Ready To Sprint Higher? 
Closing prices for crude oil, gold and other commodities
US Dollar Replaced By "Biden Bucks"? (Ad)
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
US Dollar Replaced By "Biden Bucks"? (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Is DoorDash Ready To Sprint Higher? 
Closing prices for crude oil, gold and other commodities
US Dollar Replaced By "Biden Bucks"? (Ad)
NASDAQ:INDB

Independent Bank - INDB Stock Forecast, Price & News

$84.27
-0.07 (-0.08%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$83.94
$85.02
50-Day Range
$77.33
$84.38
52-Week Range
$68.93
$93.52
Volume
96,044 shs
Average Volume
185,830 shs
Market Capitalization
$3.94 billion
P/E Ratio
22.84
Dividend Yield
2.42%
Price Target
$97.50

Independent Bank MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
15.7% Upside
$97.50 Price Target
Short Interest
Healthy
2.03% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$395,913 Sold Last Quarter
Proj. Earnings Growth
13.85%
From $5.27 to $6.00 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.42 out of 5 stars

Finance Sector

466th out of 1,207 stocks

State Commercial Banks Industry

86th out of 217 stocks

INDB stock logo

About Independent Bank (NASDAQ:INDB) Stock

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. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.

Wall Street Analyst Weigh In

Separately, Compass Point raised their price target on shares of Independent Bank to $107.00 in a research note on Monday, July 25th.

Independent Bank Price Performance

Shares of NASDAQ:INDB opened at $84.27 on Tuesday. Independent Bank has a twelve month low of $68.93 and a twelve month high of $93.52. The firm has a fifty day simple moving average of $81.27 and a 200 day simple moving average of $81.65. The company has a market capitalization of $3.94 billion, a PE ratio of 22.84 and a beta of 0.82. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.05.

Independent Bank (NASDAQ:INDB - Get Rating) last announced its earnings results on Thursday, July 21st. The bank reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.06. Independent Bank had a net margin of 25.36% and a return on equity of 8.56%. The business had revenue of $172.76 million during the quarter, compared to the consensus estimate of $168.60 million. During the same quarter last year, the firm earned $1.17 earnings per share. On average, sell-side analysts forecast that Independent Bank will post 5.27 EPS for the current year.

Independent Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 8th. Shareholders of record on Monday, June 27th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Friday, June 24th. Independent Bank's dividend payout ratio (DPR) is currently 55.28%.

Insider Buying and Selling at Independent Bank

In other Independent Bank news, Director Eileen C. Miskell sold 1,123 shares of Independent Bank stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $81.04, for a total value of $91,007.92. Following the completion of the sale, the director now directly owns 13,435 shares of the company's stock, valued at $1,088,772.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Independent Bank news, Director Eileen C. Miskell sold 1,123 shares of Independent Bank stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $81.04, for a total value of $91,007.92. Following the completion of the sale, the director now directly owns 13,435 shares of the company's stock, valued at $1,088,772.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Christopher Oddleifson sold 3,000 shares of Independent Bank stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $80.86, for a total transaction of $242,580.00. Following the transaction, the chief executive officer now owns 99,917 shares of the company's stock, valued at $8,079,288.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,873 shares of company stock valued at $395,913. Corporate insiders own 1.02% of the company's stock.

Receive INDB Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Independent Bank and its competitors with MarketBeat's FREE daily newsletter.

INDB Stock News Headlines

Independent Bank (MA) (INDB)
Independent Bank declares $0.51 dividend
INDB: Raising target price to $91.00
INDB: Lowering target price to $87.00
See More Headlines
Receive INDB Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Independent Bank and its competitors with MarketBeat's FREE daily newsletter.

INDB Company Calendar

Ex-Dividend for 7/8 Dividend
6/24/2022
Dividend Payable
7/08/2022
Last Earnings
7/21/2022
Today
8/09/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:INDB
CUSIP
45383610
Employees
1,691
Year Founded
1864

Price Target and Rating

Average Stock Price Forecast
$97.50
High Stock Price Forecast
$107.00
Low Stock Price Forecast
$88.00
Forecasted Upside/Downside
+15.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$120.99 million
Pretax Margin
33.26%

Debt

Sales & Book Value

Annual Sales
$521.13 million
Cash Flow
$4.65 per share
Book Value
$63.75 per share

Miscellaneous

Free Float
46,302,000
Market Cap
$3.94 billion
Optionable
Optionable
Beta
0.82

Social Links


Key Executives














INDB Stock - Frequently Asked Questions

Should I buy or sell Independent Bank stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" INDB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INDB, but not buy additional shares or sell existing shares.
View INDB analyst ratings
or view top-rated stocks.

What is Independent Bank's stock price forecast for 2022?

1 Wall Street research analysts have issued 1 year price targets for Independent Bank's shares. Their INDB share price forecasts range from $88.00 to $107.00. On average, they anticipate the company's share price to reach $97.50 in the next year. This suggests a possible upside of 15.7% from the stock's current price.
View analysts price targets for INDB
or view top-rated stocks among Wall Street analysts.

How has Independent Bank's stock price performed in 2022?

Independent Bank's stock was trading at $81.53 at the start of the year. Since then, INDB shares have increased by 3.4% and is now trading at $84.27.
View the best growth stocks for 2022 here
.

When is Independent Bank's next earnings date?

Independent Bank is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our INDB earnings forecast
.

How were Independent Bank's earnings last quarter?

Independent Bank Corp. (NASDAQ:INDB) released its quarterly earnings results on Thursday, July, 21st. The bank reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.06. The bank had revenue of $172.76 million for the quarter, compared to the consensus estimate of $168.60 million. Independent Bank had a trailing twelve-month return on equity of 8.56% and a net margin of 25.36%. During the same period last year, the business earned $1.17 earnings per share.

How often does Independent Bank pay dividends? What is the dividend yield for Independent Bank?

Independent Bank announced a quarterly dividend on Thursday, June 16th. Shareholders of record on Monday, June 27th will be given a dividend of $0.51 per share on Friday, July 8th. This represents a $2.04 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Friday, June 24th.
Read our dividend analysis for INDB
.

Is Independent Bank a good dividend stock?

Independent Bank (NASDAQ:INDB) pays an annual dividend of $2.04 per share and currently has a dividend yield of 2.42%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 55.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, INDB will have a dividend payout ratio of 34.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for INDB.

What other stocks do shareholders of Independent Bank own?

What is Independent Bank's stock symbol?

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

Who are Independent Bank's major shareholders?

Independent Bank's stock is owned by many different retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (3.89%), Rockland Trust Co. (1.40%), Boston Trust Walden Corp (0.78%), Nuance Investments LLC (0.40%), Moody Aldrich Partners LLC (0.37%) and ProShare Advisors LLC (0.23%). Insiders that own company stock include Christopher Oddleifson, Daniel F Obrien, Donna L Abelli, Donna L Abelli, Edward H Seksay, Eileen C Miskell, Eileen C Miskell, Gerard F Nadeau, Mark J Ruggiero, Robert D Cozzone, Robert D Cozzone, Scott Smith, Thomas R Venables and William M Parent.
View institutional ownership trends
.

How do I buy shares of Independent Bank?

Shares of INDB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Independent Bank's stock price today?

One share of INDB stock can currently be purchased for approximately $84.27.

How much money does Independent Bank make?

Independent Bank (NASDAQ:INDB) has a market capitalization of $3.94 billion and generates $521.13 million in revenue each year. The bank earns $120.99 million in net income (profit) each year or $3.69 on an earnings per share basis.

How many employees does Independent Bank have?

Independent Bank employs 1,691 workers across the globe.

When was Independent Bank founded?

Independent Bank was founded in 1864.

How can I contact Independent Bank?

Independent Bank's mailing address is 2036 WASHINGTON STREET, HANOVER MA, 02370. The official website for the company is www.rocklandtrust.com. The bank can be reached via phone at (781) 878-6100, via email at meagan.silva@rocklandtrust.com, or via fax at 781-982-6130.

This page (NASDAQ:INDB) was last updated on 8/9/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.