S&P 500   4,686.75
DOW   35,719.43
QQQ   397.83
S&P 500   4,686.75
DOW   35,719.43
QQQ   397.83
S&P 500   4,686.75
DOW   35,719.43
QQQ   397.83
S&P 500   4,686.75
DOW   35,719.43
QQQ   397.83
NASDAQ:INDB

Independent Bank Stock Forecast, Price & News

$82.46
-0.26 (-0.31%)
(As of 12/7/2021 12:00 AM ET)
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Today's Range
$81.97
$84.23
50-Day Range
$76.15
$91.72
52-Week Range
$66.84
$99.85
Volume
178,852 shs
Average Volume
206,042 shs
Market Capitalization
$2.72 billion
P/E Ratio
17.70
Dividend Yield
2.32%
Beta
0.96
30 days | 90 days | 365 days | Advanced Chart
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Independent Bank logo

About Independent Bank

Independent Bank Corp. operates as a bank holding company. The company provides commercial banking, retail banking, and wealth management services and is engaged in sale of retail investments and insurance products in Massachusetts. It offers deposit products, including demand deposits, interest checking, money market accounts, savings accounts and time certificates of deposit. The company provides real estate loans, which include commercial mortgages that are secured by non-residential properties; residential mortgages that are secured primarily by owner-occupied residences; and mortgages for the construction of commercial and residential properties. Independent Bank was founded in 1985 and is headquartered in Rockland, MA.

Headlines

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Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:INDB
CUSIP
45383610
Employees
1,432
Year Founded
1864

Sales & Book Value

Annual Sales
$513.51 million
Cash Flow
$4.57 per share
Book Value
$53.14 per share

Profitability

Net Income
$121.17 million
Pretax Margin
41.40%

Debt

Price-To-Earnings

Miscellaneous

Free Float
32,647,000
Market Cap
$2.72 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
9/24/2021
Dividend Payable
10/08/2021
Last Earnings
10/20/2021
Today
12/08/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
1/20/2022

Social Links


MarketRank

Overall MarketRank

2.68 out of 5 stars

Finance Sector

189th out of 1,342 stocks

State Commercial Banks Industry

33rd out of 233 stocks

Analyst Opinion: 2.3Community Rank: 3.9Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -












Independent Bank (NASDAQ:INDB) Frequently Asked Questions

Is Independent Bank a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Independent Bank in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Independent Bank stock.
View analyst ratings for Independent Bank
or view top-rated stocks.

How has Independent Bank's stock price been impacted by Coronavirus?

Independent Bank's stock was trading at $59.36 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, INDB shares have increased by 38.9% and is now trading at $82.46.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Independent Bank?

Independent Bank saw a increase in short interest during the month of October. As of October 29th, there was short interest totaling 2,160,000 shares, an increase of 23.4% from the October 14th total of 1,750,000 shares. Based on an average daily trading volume, of 184,600 shares, the short-interest ratio is presently 11.7 days.
View Independent Bank's Short Interest
.

When is Independent Bank's next earnings date?

Independent Bank is scheduled to release its next quarterly earnings announcement on Thursday, January 20th 2022.
View our earnings forecast for Independent Bank
.

How were Independent Bank's earnings last quarter?

Independent Bank Corp. (NASDAQ:INDB) posted its quarterly earnings results on Wednesday, October, 20th. The bank reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.19. The bank had revenue of $116.55 million for the quarter, compared to analyst estimates of $117.97 million. Independent Bank had a net margin of 31.40% and a trailing twelve-month return on equity of 9.06%. During the same quarter last year, the company earned $1.07 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 Saturday, September 18th. Investors of record on Monday, September 27th will be given a dividend of $0.48 per share on Friday, October 8th. This represents a $1.92 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Friday, September 24th.
View Independent Bank's dividend history
.

Is Independent Bank a good dividend stock?

Independent Bank pays an annual dividend of $1.92 per share and currently has a dividend yield of 2.32%. Independent Bank has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Independent Bank is 41.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Independent Bank will have a dividend payout ratio of 40.94% 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?

2 brokerages have issued 1-year price targets for Independent Bank's stock. Their forecasts range from $88.00 to $94.00. On average, they anticipate Independent Bank's share price to reach $91.00 in the next year. This suggests a possible upside of 10.4% 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:
  • Christopher Oddleifson, President, Chief Executive Officer & Director
  • Robert D. Cozzone, Chief Operating Officer & Executive Vice President (LinkedIn Profile)
  • Mark J. Ruggiero, Chief Financial & Accounting Officer
  • Barry H. Jensen, Chief Technology Officer
  • Edward H. Seksay, Chief Risk Officer, Executive VP & General Counsel (LinkedIn Profile)

What other stocks do shareholders of Independent Bank own?

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 investors include BlackRock Inc. (14.75%), Victory Capital Management Inc. (5.68%), Macquarie Group Ltd. (2.27%), Goldman Sachs Group Inc. (2.11%), Rockland Trust Co. (1.94%) and Geode Capital Management LLC (1.77%). 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 and Robert D Cozzone.
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 Millennium Management LLC, Citadel Advisors LLC, Renaissance Technologies LLC, Cubist Systematic Strategies LLC, UBS Group AG, Citigroup Inc., Squarepoint Ops LLC, and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp. Company insiders that have sold Independent Bank company stock in the last year include Edward H Seksay, Eileen C Miskell, and Robert D Cozzone.
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 New York State Common Retirement Fund, American Century Companies Inc., Morgan Stanley, Victory Capital Management Inc., Bank of New York Mellon Corp, Eaton Vance Management, Moody Aldrich Partners LLC, and SG Americas Securities LLC.
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.
Compare Top Brokerages Here.

What is Independent Bank's stock price today?

One share of INDB stock can currently be purchased for approximately $82.46.

How much money does Independent Bank make?

Independent Bank has a market capitalization of $2.72 billion and generates $513.51 million in revenue each year. The bank earns $121.17 million in net income (profit) each year or $4.66 on an earnings per share basis.

How many employees does Independent Bank have?

Independent Bank employs 1,432 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.

Where are Independent Bank's headquarters?

Independent Bank is headquartered at 2036 WASHINGTON STREET, HANOVER MA, 02370.

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.


This page was last updated on 12/8/2021 by MarketBeat.com Staff

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