-logo.jpg "Independent Bank logo")
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.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Phone781-878-6100
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$412.21 million
Profitability
Miscellaneous
Employees1,108
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 declared a quarterly dividend on Friday, December 14th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.38 per share on Friday, January 11th. This represents a $1.52 annualized dividend and a yield of 1.96%. The ex-dividend date is Monday, December 30th. View Independent Bank's Dividend History.
How were Independent Bank's earnings last quarter?
Independent Bank Corp (NASDAQ:INDB) issued its earnings results on Thursday, October, 18th. The bank reported $1.14 earnings per share for the quarter, missing the Zacks' 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 12.96% and a net margin of 29.50%. View Independent Bank's Earnings History.
When is Independent Bank's next earnings date?
What price target have analysts set for INDB?
4 analysts have issued 12 month price targets for Independent Bank's shares. Their predictions range from $80.00 to $88.00. On average, they anticipate Independent Bank's share price to reach $84.00 in the next twelve months. This suggests a possible upside of 8.4% 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?
News articles about INDB stock have been trending negative recently, InfoTrie Sentiment reports. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. 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 media sentiment score of -2.0 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an effect on the company's share price in the near future.
Who are some of Independent Bank's key competitors?
Some companies that are related to Independent Bank include East West Bancorp (EWBC), Signature Bank (SBNY), Commerce Bancshares (CBSH), Popular (BPOP), Prosperity Bancshares (PB), First Citizens BancShares (FCNCA), Western Alliance Bancorporation (WAL), First Financial Bankshares (FFIN), Investors Bancorp (ISBC), Wintrust Financial (WTFC), IBERIABANK (IBKC), Bank Ozk (OZK), Glacier Bancorp (GBCI), United Bankshares (UBSI) and Associated Banc (ASB).
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, Gen. Counsel & Corp. Sec. (Age 61)
- Mr. Mark J. Ruggiero, Sr. VP, Controller & Principal Accounting Officer (Age 42)
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 Rockland Trust Co. (2.12%), BTIM Corp. (0.57%), New England Research & Management Inc. (0.06%), Louisiana State Employees Retirement System (0.04%), State of Alaska Department of Revenue (0.03%) and Boston Advisors LLC (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, Maurice H Sullivan Jr, Robert D Cozzone and Thomas R Venables. View Institutional Ownership Trends for Independent Bank.
Which major investors are selling Independent Bank stock?
INDB stock was sold by a variety of institutional investors in the last quarter, including New England Research & Management Inc., Louisiana State Employees Retirement System and Boston Advisors LLC. 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.
Which major investors are buying Independent Bank stock?
INDB stock was purchased by a variety of institutional investors in the last quarter, including Rockland Trust Co., BTIM Corp., Virtu Financial LLC, Diversified Trust Co, Strs Ohio, State of Alaska Department of Revenue and Bank of Montreal Can. 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 $77.50.
How big of a company is Independent Bank?
Independent Bank has a market capitalization of $2.14 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 1,108 workers across the globe.
What is Independent Bank's official website?
How can I contact Independent Bank?
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]
MarketBeat Community Rating for Independent Bank (NASDAQ INDB)
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.
