Independent Bank (INDB) Stock Forecast, Price & News

Independent Bank (NASDAQ:INDB) Frequently Asked Questions

Is Independent Bank a buy right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Independent Bank stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INDB, but not buy additional shares or sell existing shares.
View analyst ratings for Independent Bank or view top-rated stocks.

When is Independent Bank's next earnings date?

Independent Bank is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022.
View our earnings forecast for Independent Bank.

How were Independent Bank's earnings last quarter?

Independent Bank Corp. (NASDAQ:INDB) released its quarterly earnings results on Thursday, April, 21st. The bank reported $1.23 EPS for the quarter, meeting analysts' consensus estimates of $1.23. The bank earned $163.70 million during the quarter, compared to analysts' expectations of $164.30 million. Independent Bank had a net margin of 23.51% and a trailing twelve-month return on equity of 8.61%. During the same quarter last year, the business earned $1.26 EPS.
View Independent Bank's earnings history.

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

Independent Bank declared a quarterly dividend on Thursday, March 17th. Stockholders of record on Monday, March 28th will be given a dividend of $0.51 per share on Friday, April 8th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Friday, March 25th. This is an increase from Independent Bank's previous quarterly dividend of $0.48.
View Independent Bank's dividend history.

Is Independent Bank a good dividend stock?

Independent Bank pays an annual dividend of $2.04 per share and currently has a dividend yield of 2.56%. Independent Bank has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Independent Bank is 58.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Independent Bank will have a dividend payout ratio of 36.11% next year. This indicates that Independent Bank will be able to sustain or increase its dividend.
View Independent Bank's dividend history.

What price target have analysts set for INDB?

1 brokers have issued 1-year price targets for Independent Bank's shares. Their forecasts range from $88.00 to $88.00. On average, they expect Independent Bank's stock price to reach $88.00 in the next year. This suggests a possible upside of 7.6% from the stock's current price.
View analysts' price targets for Independent Bank or view top-rated stocks among Wall Street analysts.

Who are Independent Bank's key executives?

Independent Bank's management team includes the following people:

• Mr. Christopher Oddleifson, CEO, Pres & Director (Age 63, Pay $1.81M) (LinkedIn Profile)
• Mr. Mark J. Ruggiero, Chief Accounting Officer & CFO (Age 45, Pay $650.41k)
• Mr. Robert D. Cozzone, Exec. VP & COO (Age 51, Pay $921.64k) (LinkedIn Profile)
• Mr. Edward H. Seksay Esq., Exec. VP, Chief Risk Officer & Gen. Counsel (Age 64, Pay $694.39k) (LinkedIn Profile)
• Mr. Barry H. Jensen, Exec. VP and Chief Technology & Operations Officer (Age 57)
• Ms. Meagan Silva, Exec. Assistant
• Ms. Debra Smith, Sr. VP & Director of Banking & Digital Operations - Rockland Trust Company
• Mr. David Byron Smith C.F.A., CFA, MD & Chief Investment Officer of Investment Management Group - Rockland Trust Company
• Ms. Maria S. Harris, Sr. VP & Director of HR of Rockland Trust (Age 51)
• Mr. Jonathan Nelson, Treasurer

Who are some of Independent Bank's key competitors?

Some companies that are related to Independent Bank include The PNC Financial Services Group (PNC), Truist Financial (TFC), M&T Bank (MTB), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), Regions Financial (RF), KeyCorp (KEY), First Horizon (FHN), Signature Bank (SBNY), First Citizens BancShares (FCNCA), East West Bancorp (EWBC), Webster Financial (WBS) and Western Alliance Bancorporation (WAL).
View all of INDB's competitors.

What other stocks do shareholders of Independent Bank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Independent Bank investors own include Energy Transfer (ET), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), Martin Midstream Partners (MMLP), SandRidge Permian Trust (PER), AT&T (T), Cornerstone Strategic Value Fund (CLM), NGL Energy Partners (NGL), Owens Corning (OC) and Pfizer (PFE).

What is Independent Bank's stock symbol?

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

Who are Independent Bank's major shareholders?

Independent Bank's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.78%), Vanguard Group Inc. (11.59%), State Street Corp (4.97%), Victory Capital Management Inc. (3.97%), Dimensional Fund Advisors LP (3.66%) and Champlain Investment Partners LLC (3.13%). Company insiders that own Independent Bank stock include Christopher Oddleifson, Daniel F Obrien, Donna L Abelli, Edward H Seksay, Eileen C Miskell, Gerard F Nadeau, Robert D Cozzone, Robert D Cozzone and Scott Smith.
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 Champlain Investment Partners LLC, Renaissance Technologies LLC, Victory Capital Management Inc., Rockland Trust Co., Goldman Sachs Group Inc., Northern Trust Corp, Commonwealth Equity Services LLC, and Dimensional Fund Advisors LP. Company insiders that have sold Independent Bank company stock in the last year include Christopher Oddleifson, Edward H Seksay, Eileen C Miskell, Gerard F Nadeau, Robert D Cozzone, and Scott Smith.
View insider buying and selling activity for Independent Bank or view top insider-selling stocks.

Which institutional investors are buying Independent Bank stock?

INDB stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., The Manufacturers Life Insurance Company , GW&K Investment Management LLC, Hsbc Holdings PLC, American Century Companies Inc., BHZ Capital Management LP, State Street Corp, and Healthcare of Ontario Pension Plan Trust Fund.
View insider buying and selling activity for Independent Bank or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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What is Independent Bank's stock price today?

One share of INDB stock can currently be purchased for approximately $81.81.

How much money does Independent Bank make?

Independent Bank has a market capitalization of $3.83 billion and generates $521.13 million in revenue each year. The bank earns $120.99 million in net income (profit) each year or $3.509990 on an earnings per share basis.

How many employees does Independent Bank have?

Independent Bank employs 1,691 workers across the globe.

When was Independent Bank founded?

Independent Bank was founded in 1864.

What is Independent Bank's official website?

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

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, via email at [email protected], or via fax at 781-982-6130.