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. Shareholders of record on Monday, December 30th will be paid a dividend of $0.44 per share on Friday, January 10th. This represents a $1.76 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, December 27th. View Independent Bank's Dividend History.

Independent Bank Corp (NASDAQ:INDB) posted its earnings results on Thursday, January, 16th. The bank reported $1.38 EPS for the quarter, missing the Zacks' consensus estimate of $1.40 by $0.02. The bank earned $133.29 million during the quarter, compared to the consensus estimate of $131.07 million. Independent Bank had a return on equity of 12.05% 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 brokerages have issued twelve-month price objectives for Independent Bank's stock. Their forecasts range from $81.00 to $98.00. On average, they anticipate Independent Bank's stock price to reach $87.33 in the next twelve months. This suggests a possible upside of 23.3% 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.

News stories about INDB stock have been trending negative this week, 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 public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Independent Bank earned a news sentiment score of -2.8 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company'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 January. As of January 15th, there was short interest totalling 862,400 shares, an increase of 13.0% from the December 31st total of 763,000 shares. Based on an average daily volume of 124,500 shares, the days-to-cover ratio is currently 6.9 days. Currently, 2.6% of the company's stock are sold short. 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), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), 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), Martin Midstream Partners (MMLP), CBL & Associates Properties (CBL), SandRidge Permian Trust (PER), AT&T (T), Cornerstone Total Return Fund (CRF), THL Credit (TCRD), NGL Energy Partners (NGL), Owens Corning (OC) and Pfizer (PFE).

Independent Bank's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Champlain Investment Partners LLC (3.56%), State Street Corp (3.40%), Goldman Sachs Group Inc. (3.08%), Victory Capital Management Inc. (2.98%), Victory Capital Management Inc. (2.87%) and Rockland Trust Co. (2.07%). 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 FMR LLC, Bank of America Corp DE, Arizona State Retirement System, Principal Financial Group Inc., Goldman Sachs Group Inc., Citigroup Inc., First Trust Advisors LP and Pinebridge Investments L.P.. 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 purchased by a variety of institutional investors in the last quarter, including Moors & Cabot Inc., Victory Capital Management Inc., Eaton Vance Management, Victory Capital Management Inc., Champlain Investment Partners LLC, California Public Employees Retirement System, State Street Corp and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp. 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 $70.83.

Independent Bank has a market capitalization of $2.43 billion and generates $562.31 million in revenue each year. The bank earns $165.18 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]