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

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$78.53 -0.86 (-1.08 %)
(As of 03/20/2019 01:50 PM ET)
Previous Close$79.39
Today's Range$78.49 - $79.68
52-Week Range$66.12 - $95.00
Volume1,546 shs
Average Volume84,922 shs
Market Capitalization$1.85 billion
P/E Ratio16.83
Dividend Yield1.88%
Beta1.08
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's products and services include demand deposits and time certificates of deposit, as well as checking, money market, and savings accounts. Its loan portfolio includes commercial loans, such as commercial and industrial, asset-based, commercial real estate, commercial construction, and small business loans; consumer real estate loans, including residential mortgages, home equity loans, and loans for the construction of residential properties; and other consumer loans, such as personal loans. The company's commercial and industrial loans cover loans for working capital, other business-related purposes, and floor plan financing; asset-based loans consist primarily of revolving lines of credit and term loans; commercial real estate loans include commercial mortgages for construction purposes that are secured by nonresidential properties, multifamily properties, or one-to-four family rental properties; and small business loans comprise businesses with commercial credit needs. It also provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as automated teller machine cards and debit cards; and mutual fund shares, unit investment trust shares, general securities, fixed and variable annuities, and life insurance. The company operates through 84 full service and 2 limited service retail branches, 13 commercial banking centers, 6 investment management offices, and 1 mortgage lending center in Eastern Massachusetts; and an investment management group/commercial lending office in Rhode Island. Independent Bank Corp. was founded in 1907 and is headquartered in Rockland, Massachusetts.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:INDB
CUSIP45383610
Phone781-878-6100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$412.21 million
Cash Flow$5.0404 per share
Book Value$38.23 per share

Profitability

Net Income$121.62 million

Miscellaneous

Employees1,188
Market Cap$1.85 billion
Next Earnings Date4/18/2019 (Estimated)
OptionableOptionable

Independent Bank (NASDAQ:INDB) Frequently Asked Questions

What is Independent Bank's stock symbol?

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

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

Independent Bank announced a quarterly dividend on Thursday, March 14th. Stockholders of record on Monday, March 25th will be paid a dividend of $0.44 per share on Friday, April 5th. This represents a $1.76 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, March 22nd. This is a positive change from Independent Bank's previous quarterly dividend of $0.38. View Independent Bank's Dividend History.

How were Independent Bank's earnings last quarter?

Independent Bank Corp (NASDAQ:INDB) posted its quarterly earnings results on Thursday, January, 17th. The bank reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.30 by $0.01. The bank earned $103.78 million during the quarter, compared to analysts' expectations of $103 million. Independent Bank had a return on equity of 12.96% and a net margin of 29.50%. View Independent Bank's Earnings History.

When is Independent Bank's next earnings date?

Independent Bank is scheduled to release their next quarterly earnings announcement on Thursday, April 18th 2019. View Earnings Estimates for Independent Bank.

What price target have analysts set for INDB?

4 brokers have issued 12-month price objectives for Independent Bank's shares. Their predictions range from $80.00 to $88.00. On average, they anticipate Independent Bank's stock price to reach $84.00 in the next year. This suggests a possible upside of 6.4% from the stock's current price. View Analyst Price Targets for Independent Bank.

What is the consensus analysts' recommendation for Independent Bank?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Independent Bank.

Has Independent Bank been receiving favorable news coverage?

Press coverage about INDB stock has trended somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Independent Bank earned a news impact score of 1.7 on InfoTrie's scale. They also assigned media headlines 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 stock's share price in the next several days.

Who are some of Independent Bank's key competitors?

What other stocks do shareholders of Independent Bank own?

Who are Independent Bank's key executives?

Independent Bank's management team includes the folowing people:
  • Mr. Christopher Oddleifson, CEO, Pres & Director (Age 60)
  • Mr. Robert D. Cozzone, Chief Financial Officer (Age 48)
  • Mr. Barry H. Jensen, Chief Information Officer, CTO & COO (Age 54)
  • Mr. Edward H. Seksay Esq., Gen. Counsel & Corp. Sec. (Age 61)
  • Ms. Meagan Silva, Exec. Assistant

Who are Independent Bank's major shareholders?

Independent Bank's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.35%), Dimensional Fund Advisors LP (4.39%), Northern Trust Corp (2.69%), Victory Capital Management Inc. (2.59%), FMR LLC (2.58%) and Macquarie Group Ltd. (2.11%). 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 and Thomas R Venables. View Institutional Ownership Trends for Independent Bank.

Which institutional investors are selling Independent Bank stock?

INDB stock was sold by a variety of institutional investors in the last quarter, including WINTON GROUP Ltd, Prudential PLC, Barclays PLC, First Trust Advisors LP, Millennium Management LLC, Bank of New York Mellon Corp, New England Research & Management Inc. and GSA Capital Partners LLP. Company insiders that have sold Independent Bank company stock in the last year include Carl Ribeiro, Christopher Oddleifson, Daniel F Obrien, Edward H Seksay, Eileen C Miskell, Gerard F Nadeau, Kevin J Jones, Mark J Ruggiero, Robert D Cozzone and Thomas R Venables. View Insider Buying and Selling for Independent Bank.

Which institutional investors are buying Independent Bank stock?

INDB stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Norges Bank, Macquarie Group Ltd., BlackRock Inc., Bank of America Corp DE, 361 Capital LLC, Rockland Trust Co. and Geode Capital Management LLC. View Insider Buying and Selling for Independent Bank.

How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.

What is Independent Bank's stock price today?

One share of INDB stock can currently be purchased for approximately $78.9370.

How big of a company is Independent Bank?

Independent Bank has a market capitalization of $1.86 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.

What is Independent Bank's official website?

The official website for Independent Bank is http://www.rocklandtrust.com.

How can I contact Independent Bank?

Independent Bank's mailing address is 288 UNION STREET, ROCKLAND MA, 02370. The bank can be reached via phone at 781-878-6100 or via email at [email protected]


MarketBeat Community Rating for Independent Bank (NASDAQ INDB)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  303 (Vote Outperform)
Underperform Votes:  442 (Vote Underperform)
Total Votes:  745
MarketBeat's community ratings are surveys of what our community members think about Independent Bank and other stocks. Vote "Outperform" if you believe INDB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe INDB will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/20/2019 by MarketBeat.com Staff

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