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

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

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.

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.

Independent Bank is scheduled to release their next quarterly earnings announcement on Thursday, October 17th 2019. View Earnings Estimates for Independent Bank.

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.

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.

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.

Some companies that are related to Independent Bank include Commerce Bancshares (CBSH), East West Bancorp (EWBC), Signature Bank (SBNY), First Citizens BancShares (FCNCA), Popular (BPOP), Western Alliance Bancorporation (WAL), Prosperity Bancshares (PB), First Financial Bankshares (FFIN), United Bankshares (UBSI), IBERIABANK (IBKC), Wintrust Financial (WTFC), Bank Ozk (OZK), First Hawaiian (FHB), Glacier Bancorp (GBCI) and Bank of Hawaii (BOH).

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 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.

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.

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.

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 $76.08.

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.

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]