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

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

Independent Bank announced a quarterly dividend on Monday, December 16th. Stockholders of record on Monday, December 30th will be given a dividend of $0.44 per share on Friday, January 10th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, December 27th. View Independent Bank's Dividend History.

Independent Bank Corp (NASDAQ:INDB) issued its quarterly earnings data on Thursday, October, 17th. The bank reported $1.49 earnings per share (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 12.53% and a net margin of 29.37%. View Independent Bank's Earnings History.

Independent Bank is scheduled to release their next quarterly earnings announcement on Thursday, April 16th 2020. View Earnings Estimates for Independent Bank.

5 Wall Street analysts have issued 12-month price targets for Independent Bank's stock. 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 9.1% from the stock's current price. View Analyst Price Targets 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.

Media stories about INDB stock have been trending somewhat negative on Sunday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Independent Bank earned a news impact score of -1.7 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Independent Bank.

Independent Bank saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 862,400 shares, an increase of 13.0% from the December 15th total of 763,000 shares. Based on an average daily trading volume, of 123,500 shares, the days-to-cover ratio is presently 7.0 days. Currently, 2.6% of the shares of the company are short sold. View Independent Bank's Current Options Chain.

Some companies that are related to Independent Bank include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), First Republic Bank (FRC), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Commerce Bancshares (CBSH), Signature Bank (SBNY), TCF Financial (TCF) and East West Bancorp (EWBC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Independent Bank investors own include Energy Transfer LP Unit (ET), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), Martin Midstream Partners (MMLP), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP), Cornerstone Strategic Value Fund (CLM), THL Credit (TCRD), Arlington Asset Investment (AI) and Navios Maritime Midstream Partners (NAP).

Independent Bank's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Rockland Trust Co. (2.07%), Boston Trust Walden Corp (0.38%), Hennessy Advisors Inc. (0.20%), State of Alaska Department of Revenue (0.08%), Louisiana State Employees Retirement System (0.03%) and Diversified Trust Co (0.02%). 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 Hennessy Advisors Inc., Louisiana State Employees Retirement System, State of Alaska Department of Revenue and Winslow Evans & Crocker Inc.. 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 bought by a variety of institutional investors in the last quarter, including Rockland Trust Co., Boston Trust Walden Corp and Diversified Trust Co. 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 $80.05.

Independent Bank has a market capitalization of $2.75 billion and generates $562.31 million in revenue each year. The bank earns $121.62 million in net income (profit) each year or $5.62 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]