NASDAQ:INDB - Independent Bank Stock Price, Price Target & More

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

Independent Bank announced a quarterly dividend on Friday, June 22nd. Stockholders of record on Monday, July 2nd will be paid a dividend of $0.38 per share on Tuesday, July 10th. This represents a $1.52 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, June 29th. View Independent Bank's Dividend History.

Independent Bank Corp (NASDAQ:INDB) announced its quarterly earnings results on Thursday, July, 19th. The bank reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.03. The bank had revenue of $95.06 million for the quarter, compared to analyst estimates of $92.60 million. Independent Bank had a return on equity of 11.37% and a net margin of 27.38%. View Independent Bank's Earnings History.

Independent Bank is scheduled to release their next quarterly earnings announcement on Thursday, October, 18th 2018. View Earnings Estimates for Independent Bank.

4 brokers have issued 1-year price targets for Independent Bank's stock. Their predictions range from $73.00 to $88.00. On average, they expect Independent Bank's share price to reach $79.25 in the next year. This suggests that the stock has a possible downside of 10.1%. View Analyst Ratings 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."

Some companies that are related to Independent Bank include Commerce Bancshares (CBSH), Signature Bank (SBNY), Western Alliance Bancorporation (WAL), Bank Of The Ozarks (OZRK), Wintrust Financial (WTFC), Prosperity Bancshares (PB), First Citizens BancShares Inc. Class A (FCNCA), Associated Banc (ASB), Texas Capital Bancshares (TCBI), Popular (BPOP), IBERIABANK (IBKC), Hancock (HBHC), Home Bancshares (HOMB), Chemical Financial (CHFC) and First Hawaiian Bank (FHB).

News articles about INDB stock have trended somewhat negative recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Independent Bank earned a news impact score of 0.00 on Accern's scale. They also gave media coverage about the bank an impact score of 45.97 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Independent Bank's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Rockland Trust Co. (2.00%), Fisher Asset Management LLC (0.23%), Hennessy Advisors Inc. (0.18%), New England Research & Management Inc. (0.10%), Municipal Employees Retirement System of Michigan (0.03%) and Boston Advisors LLC (0.03%). Company insiders that own Independent Bank stock include Barry H Jensen, 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, Maurice H Sullivan Jr, Robert D Cozzone and Thomas R Venables. View Institutional Ownership Trends for Independent Bank.

INDB stock was sold by a variety of institutional investors in the last quarter, including Rockland Trust Co., Hennessy Advisors Inc., Fisher Asset Management LLC, Municipal Employees Retirement System of Michigan and New England Research & Management Inc.. Company insiders that have sold Independent Bank company stock in the last year include Carl Ribeiro, Christopher Oddleifson, Daniel F Obrien, Donna L Abelli, Edward H Seksay, Eileen C Miskell, Gerard F Nadeau, Mark J Ruggiero, Robert D Cozzone and Thomas R Venables. View Insider Buying and Selling for Independent Bank.

INDB stock was bought by a variety of institutional investors in the last quarter, including Boston Advisors 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, Scottrade, Fidelity and Charles Schwab.

One share of INDB stock can currently be purchased for approximately $88.15.

Independent Bank has a market capitalization of $2.25 billion and generates $360.19 million in revenue each year. The bank earns $87.20 million in net income (profit) each year or $3.35 on an earnings per share basis. Independent Bank employs 1,108 workers across the globe.

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]