Independent Bank Stock Price, News & Analysis (NASDAQ:INDB)

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

Independent Bank announced a quarterly dividend on Thursday, September 19th. Shareholders of record on Monday, September 30th will be given a dividend of $0.44 per share on Friday, October 11th. This represents a $1.76 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Friday, September 27th. View Independent Bank's Dividend History.

Independent Bank Corp (NASDAQ:INDB) announced its earnings results on Thursday, October, 18th. The bank reported $1.14 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.20 by $0.06. The bank earned $99.50 million during the quarter, compared to analyst estimates of $99.40 million. Independent Bank had a return on equity of 12.99% and a net margin of 26.75%. View Independent Bank's Earnings History.

3 Wall Street analysts have issued 1 year 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 twelve months. This suggests a possible upside of 9.0% 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.

Media headlines about INDB stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Independent Bank earned a news impact score of -1.9 on InfoTrie's scale. They also gave media stories about the bank a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Independent Bank.

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

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 a variety of of retail and institutional investors. Top institutional shareholders include Rockland Trust Co. (2.03%), Hennessy Advisors Inc. (0.22%), State of Alaska Department of Revenue (0.08%) and Envestnet Asset Management Inc. (0.03%). 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 acquired by a variety of institutional investors in the last quarter, including Rockland Trust Co., State of Alaska Department of Revenue, Hennessy Advisors Inc. and Envestnet Asset Management Inc.. 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 $75.23.

Independent Bank has a market capitalization of $2.59 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]