NASDAQ:INDBIndependent Bank Stock Price, Forecast & News

Independent Bank's stock was trading at $59.36 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, INDB shares have increased by 7.4% and is now trading at $63.73. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last year. There are currently 5 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Independent Bank.

Independent Bank is scheduled to release its next quarterly earnings announcement on Thursday, July 16th 2020. View our earnings forecast for Independent Bank.

Independent Bank Corp (NASDAQ:INDB) issued its quarterly earnings data on Thursday, April, 23rd. The bank reported $0.78 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.19 by $0.41. The bank had revenue of $120.74 million for the quarter, compared to analyst estimates of $123.70 million. Independent Bank had a net margin of 26.88% and a return on equity of 10.42%. View Independent Bank's earnings history.

Independent Bank declared a quarterly dividend on Thursday, June 18th. Shareholders of record on Monday, June 29th will be paid a dividend of $0.46 per share on Friday, July 10th. This represents a $1.84 annualized dividend and a yield of 2.89%. The ex-dividend date is Friday, June 26th. View Independent Bank's dividend history.

5 analysts have issued 1 year target prices for Independent Bank's stock. Their forecasts range from $67.00 to $98.00. On average, they expect Independent Bank's stock price to reach $80.75 in the next year. This suggests a possible upside of 26.7% from the stock's current price. View analysts' price targets for Independent Bank.

News stories about INDB stock have been trending negative recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than six thousand blog and news 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 news sentiment score of -2.1 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about Independent Bank.

Some companies that are related to Independent Bank include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Independent Bank investors own include Energy Transfer LP Unit (ET), AT&T (T), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), Martin Midstream Partners (MMLP), SandRidge Permian Trust (PER), Cornerstone Strategic Value Fund (CLM), Canadian Natural Resources (CNQ), Ford Motor (F) and Altria Group (MO).

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

Independent Bank's stock is owned by a number of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.09%). Company insiders that own Independent Bank stock include Carl Ribeiro, 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 institutional ownership trends for Independent Bank.

INDB stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. 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, Mark J Ruggiero, Robert D Cozzone, Thomas R Venables, and William M Parent. View insider buying and selling activity 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 $63.73.

Independent Bank has a market capitalization of $2.10 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 1,348 workers across the globe.

The official website for Independent Bank is www.rocklandtrust.com.

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]